What Intel’s Foreshadow Flaw Means for the Future of Cryptocurrency
A new security flaw doesn’t bode well for experimental cryptocurrency projects looking to use trusted hardware in the near future.
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UK Finance Watchdog’s Crypto Investigations Up By 74% in 2019
news The number of investigations into cryptocurrency firms by the U.K.’s financial regulator, the Financial Conduct Authority (FCA), have seen a sharp rise in the last year. The Financial Times said on Monday that it had obtained information indicating that the FCA is now looking into 87 firms in the space, either as part of initial…

Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data
Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $114 million, several sets of on-chain data show.A suspected hack was flagged at around 10:55 UTC by blockchain security firms PeckShield and Cyvers. Poloniex announced 12 minutes later that the exchange's wallet had been disabled for maintenance. The

ARK Invest Sells Another $4.2M of Coinbase Shares
Cathie Wood's ARK Invest sold another chunk of Coinbase (COIN) shares from its Innovation exchange-traded fund (ETF) on Thursday.Following the offload of $25 million worth of COIN shares on Wednesday, the investment firm sold a further 26,743, worth $4.16 million at its closing price. COIN added 2.21% to $155.6.Coinbase stock's rally in the last 3

Survey: Nearly 80% of Americans Have Heard of Bitcoin
Just under 50 percent of millennials are interested in using cryptocurrencies as a primary form of payment as opposed to using the U.S. dollar, a new survey by polling firm YouGov found. The company released the results of its latest poll Thursday, which asked 1,202 Americans about their familiarity and interest in cryptocurrencies on August…

Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain
news Payments platform Wirex is launching 26 stablecoins on the Stellar blockchain network. The U.K.-based firm announced the news on Thursday, saying that the stablecoins will be backed by fiat currencies including the U.S. dollar, euro, the British pound, Hong Kong dollar and the Singapore dollar. Wirex, which is licensed by the country’s finance watchdog,…

UK Financial Watchdog Issues Full Guidance on Crypto Assets
news The U.K. Financial Conduct Authority (FCA) has finalized its guidance on crypto assets, clarifying which tokens fall under its jurisdiction. Most of the rules issued Wednesday were proposed in consultation paper CP19, which was released for public comment in January. As widely expected, the final guidance does not drastically alter the regulatory landscape, instead…

Tether Says Customers Can Once Again Deposit and Redeem Fiat
NEWS Tether Ltd., the controversial issuer of the tether stablecoin (USDT), which aims for parity with the U.S. dollar, announced Tuesday that it would reopen account verification for new customers and enable customers to redeem tether for fiat currency directly through its platform. “Tether is able to return to its original vision of having a…

What’s Wrong With PayPal’s Stablecoin?
Thanks to Ripple Labs’s landmark win against the U.S. Securities and Exchange Commission (SEC) in July 2023, the crypto industry’s general attitude has become noticeably rosier and newly optimistic. Even if the SEC has vowed to appeal the ruling.So to no one’s surprise, traditional financial (TradFi) institutions suddenly want a piece of the cryptocurrency pie