N-Economy

Korean Government Launches Investigation into Crypto Hacks

3 days ago admin2 0
Regulation Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that Read More

Swiss Crypto Company Acquires License to Distribute Funds to Investors

6 days ago admin2 0
Finance Crypto Fund AG has been granted a license to distribute funds on behalf of “qualified investors” in Switzerland. The permission has been issued by the country’s financial market regulator, FINMA. The firm also seeks approval for another crypto-related service. Also read: Zug Tests Blockchain to Decide on Fireworks and Digital IDs First Point of Read More

Regulation Round-Up: Shapeshift COO Says U.S. Regulations Worsen, Germany to Protect Financial Stability not Individual Investors

7 days ago admin2 0
Regulation In recent regulatory news, the Shapeshift co-founder and chief operating officer, has given a damning appraisal of the current regulatory climate surrounding cryptocurrencies in the United States. The president of Germany’s Federal Financial Supervisory Authority, Felix Hufeld, has indicated that the principal concern of German regulators regarding cryptocurrency will be seeking to ensure financial Read More

Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses

1 week ago admin2 0
News Japanese police from 10 prefectures have arrested website operators using Coinhive to tap into the computer power of their site visitors to mine cryptocurrencies without consent. They are accused of violating the law banning the use of computer viruses. Some people have already been fined. The police have been monitoring the Coinhive program since Read More

Mining Hardware Supply Chain Seeks Alternative Revenue Streams Amid Declining Demand

1 week ago admin2 0
Mining With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry. Also Read: SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’ Cryptocurrency Bubble Read More

Coinbase Cryptocurrency Index Fund Now Open For Investment

2 weeks ago admin2 0
Finance Coinbase has opened up its index fund for accredited US investors, giving them exposure to all cryptocurrencies listed on its exchange GDAX. The company is now working on “launching more funds which are accessible to all investors and cover a broader range of digital assets.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Read More

South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency

2 weeks ago admin2 Comments Off on South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency
Finance The South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated. While the most likely option is to auction the coins off using the government-owned auction platform, various concerns have been raised. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cashing Out BTC The South Korean government is Read More

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

2 weeks ago admin2 Comments Off on Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws
Regulation In recent regulatory news, the United States Commodity Futures Trading Commission (CFTC) has rejected a Freedom of Information Act (FOIA) request regarding the subpoenas recently received by Bitfinex and Tether; the United States Securities and Exchanges (SEC) Chairman, Jay Clayton, has indicated that the regulator will not alter existing securities legislation to cater to Read More

Indonesia to Regulate Cryptocurrencies as Commodities

3 weeks ago admin2 Comments Off on Indonesia to Regulate Cryptocurrencies as Commodities
Economy & Regulation Cryptocurrencies in Indonesia will be regarded as commodities, according to a new decision by the country’s futures market regulator. It comes after a study concluding that digital coins deserve the commodity status. The government is expected to prepare a broader regulation covering other aspects of the crypto sector including trading and taxation. Read More