Investors who thought they would get stock in a blockchain project were bilked out of approximately 300 million yuan – or nearly $47 million – through an alleged pyramid scheme in China, Cryptovest reported. The suspects, which were arrested in the city of Jinan, allegedly told...
Months after South Korea’s Financial Services Commission banned token sales, the country’s National Assembly is seeking to allow some initial coin offerings (ICOs), CoinDesk reported. Through proposed legislation, the assembly is seeking to allow ICOs if they come with investor protections. Get the Full Story...
More than $1.2 billion in crypto has been stolen by criminals since the start of last year, according to the non-profit Anti-Phishing Working Group, Reuters reported. The figure, which was released on Thursday (May 24), includes both unreported and reported thefts. And it comes to show...
Bitcoin dropped below the $8,000 level on Wednesday (May 23), MarketWatch reported. The cryptocurrency was $7,522.24 as of 8:03 p.m., according to CoinDesk. But bitcoin wasn’t alone: Other major cryptocurrencies fell more than 10 percent. Get the Full Story Complete the form to unlock this article...
The Verge XVG cryptocurrency has reportedly been exploited through another hack, The Next Web reported. This time, it appears that hackers have made off with about 35 million XVG coins. According to the latest CoinMarketCap price, those coins were worth more than $1.7 million. The theft...
MF Chain has a new cryptocurrency payment solution for merchants, the company said in an announcement. And, by integrating with supported cryptocurrency wallets through an application programming interface (API), the system doesn’t require users to utilize a proprietary wallet. Get the Full Story Complete the...
Bitcoin has fallen to its lowest level in about a month, after climbing to a high of nearly $10,000 in early May, Coindesk reported. The popular cryptocurrency reached $7,925 on Bitfinex on Friday (May 18), which marks its lowest level since April 18. Get the...
Bitcoin buyers beware: A new report in The Wall Street Journal has found hundreds of tech firms are using deceptive or fraudulent tactics to attract investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A French finance minister has thrown his “total and determined support” behind crypto, Finance Magnates reported. Minister of Economy and Finance Bruno Le Maire expressed his support for digital currencies at an event with entrepreneurs in France. Get the Full Story Complete the form to...