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Japanese Exchange Zaif Hit With Third Improvement Order, Revises Hack Estimate

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Japanese Exchange Zaif Hit With Third Improvement Order, Revises Hack Estimate

Japanese Exchange Zaif Hit With Third Improvement Order, Revises Hack EstimateJapan’s top financial regulator has issued hacked crypto exchange Zaif a third business improvement order. The exchange has revised its theft estimate, after discovering that 42,327 BCH were also stolen in addition to 5,966 BTC. Zaif has also signed agreements with two companies for their help with repaying customers and improving its security system. Also […]

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RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision

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RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision

RBI Argues Supreme Court Should Not Interfere With Its Crypto DecisionThe Reserve Bank of India has filed an affidavit with the country’s supreme court in response to one of the petitions against its crypto banking ban. The central bank reportedly argues that it has acted within its power and that none of the petitioners have shown reasonable grounds for the supreme court to intervene. Also […]

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Chechnya to Create Mining Pool for Eurasian Economic Union Countries

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Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Chechnya to Create Mining Pool for Eurasian Economic Union CountriesChechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Chechen Mining Pool Alvi Karimov, the press […]

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Japanese Regulators Urgently Respond to Zaif’s Hack

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Japanese Regulators Urgently Respond to Zaif’s Hack

Japanese Regulators Urgently Respond to Zaif's HackFollowing the hack of Zaif, one of Japan’s regulated crypto exchanges, the country’s financial regulator immediately responded, launching an emergency inspection of the exchange and a survey of all other crypto exchanges. Finance Minister Taro Aso has also commented on the situation. In addition, the recently established self-regulatory body has asked all exchanges to inspect […]

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Danske Bank’s Alleged Money Laundering Now Totals $234 Billion, CEO Quits

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Danske Bank’s Alleged Money Laundering Now Totals $234 Billion, CEO Quits

Danske Bank's Alleged Money Laundering Now Totals $235 Billion, CEO QuitsThe investigation into Danske Bank’s alleged money laundering has uncovered new funds. The amount of “questionable money” flowing through the bank’s Estonian branch has grown from $150 billion to approximately $234 billion. In response, the CEO of Danske Bank turned in his resignation. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals From […]

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Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen

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Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen

Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC StolenJapanese government-approved cryptocurrency exchange Zaif has confirmed that it has been hacked. After a preliminary investigation, the exchange says at least 5,966 BTC have been stolen, with an estimated total damage of $60 million. Some of the stolen coins belong to the exchange but the majority belong to customers. Also read: 160 Crypto Exchanges Seek to […]

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Major Korean Crypto Exchange Upbit Opens in Singapore Next Month

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Major Korean Crypto Exchange Upbit Opens in Singapore Next Month

Major South Korean Crypto Exchange Upbit Opens in Singapore Next MonthMajor South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading as well as crypto-to-crypto pairs in three markets offered by Bittrex, Upbit’s US-based partner. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Upbit Expands to Singapore Dunamu Inc., the operator […]

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PBOC Provides Update on Its Crypto Prevention Efforts

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PBOC Provides Update on Its Crypto Prevention Efforts

PBOC Provides Update on Its Crypto Prevention EffortsThe People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Also read: 160 Crypto Exchanges Seek […]

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Japanese Regulator Unveils Crypto Regulation Updates

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Japanese Regulator Unveils Crypto Regulation Updates

Japanese Regulator Unveils Crypto Regulation UpdatesJapan’s financial regulator has recently unveiled the current state of the crypto regulations in the country. Three crypto operators are currently being reviewed. With 160 companies wanting to enter the space, the regulator plans to add more personnel to help review new applicants. In addition, a self-regulatory plan for crypto exchanges has also been submitted […]

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Growing Number of Indian Crypto Exchanges Say Fiat Support Is Back Despite RBI Ban

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Growing Number of Indian Crypto Exchanges Say Fiat Support Is Back Despite RBI Ban

Growing Number of Indian Crypto Exchanges Say Fiat Support Is Back Despite RBI BanA growing number of crypto exchanges in India have announced the return of fiat deposit and withdrawal support despite the crypto banking ban imposed by the country’s central bank. Several other exchanges in the country also allow their users to use Indian rupees to buy and cash out cryptocurrencies through their exchange-escrow peer-to-peer (P2P) services. […]

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