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Global AML Watchdog to Release Crypto Regulations By Next June

A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer. According to a Reuters report Friday, the Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – said that global jurisdictions will have to bring into force licensing schemes […]

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North Korean Hacking Group Lazerus Stole $571 Million in Cryptos: Report

North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571 […]

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Chip Maker TSMC Forecasts Weaker Crypto Mining Demand in Q4

Chip-making giant Taiwan Semiconductor Manufacturing Company (TSMC) has predicted weak demand for processors from cryptocurrency miners for the fourth quarter. TSMC, the primary supplier for crypto mining giant Bitmain, announced in its Q3 2018 earnings call Oct. 17 that its revenue growth will be impacted by “continued weakness” in the crypto mining market. As a […]

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Binance CFO Says Crypto Exchange Looking to Add New Stablecoins

Binance, the world’s largest cryptocurrency exchange by adjusted volume, is actively looking to list more stablecoins in addition to the three it already supports, which include the recently beleaguered tether (USDT). “We hope to be able to list a few more stablecoins on our platform,” chief financial officer Wei Zhou told CoinDesk Thursday. But that […]

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The SEC Is Setting Up a New Office to Talk to ICO Startups

The U.S. Securities and Exchange Commission (SEC) is launching a new division with the goal of making it simpler for fintech startups – including those launching initial coin offerings (ICOs) – to navigate the legal implications of their products. Announced Thursday, the Strategic Hub for Innovation and Financial Technology (FinHub) will act as a central point […]

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Crypto Exchange Coinbase Open-Sources Its Security Scaling Tool

U.S.-based cryptocurrency exchange Coinbase is making a recently developed automated security scaling tool available to the public. Called Salus, after the Roman the goddess of safety and well-being, the program can automatically choose to run and configure different security scanners and issue a report on the results, according to a Thursday blog post from Coinbase developer Julian […]

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Security firm G4S Has Launched a Crypto Custody Service

U.K.-based security services company G4S now offers a crypto custody service aimed to protect investors’ holdings of digital assets. Announcing the move in a press release on Oct. 16, the firm said, with the rising popularity of cryptocurrencies, it developed the new service to offer “high-security offline storage that helps to protect assets from criminals and […]

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Japanese Government Working to Simplify Cryptocurrency Tax Filings

Japan’s Tax Commission is looking for ways to simplify the current tax filing system for cryptocurrencies in order to ensure investors accurately report their gains. The commission, which guides policy on taxation and also advises the prime minister, held a general assembly meeting on Oct. 17 to discuss potential improvements to the process, according to regional […]