Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy

Cryptocurrency exchange Youbit has reportedly re-emerged after a series of hacks and a bankruptcy filing, amid an insurance claim controversy and civil lawsuits. The exchange continues to operate after it was sold and renamed, local media reported. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Insurance Claim Denied DB Insurance, one of … Read more

Crypto Business Is Now Legal in Belarus

Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in … Read more

South Korean Exchange Paying Users to Report Illegal Crypto Schemes

The Kakao-backed cryptocurrency exchange Upbit has launched a system to reward users for identifying fraudulent multi-level schemes related to cryptocurrencies. The exchange has already identified and reported 20 such schemes to the police. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Reporting Illegal Schemes South Korea’s largest cryptocurrency exchange Upbit has invited … Read more

Bitflyer Increases Bitcoin Adoption with Record Number of Users

Japanese cryptocurrency exchange Bitflyer reported a 100% increase in the number of its users in just the past four months, as the company continues to grow crypto adoption in Japan by partnering with major stores. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitflyer’s Customers Reach 2 Million Japan’s largest cryptocurrency exchange … Read more

Belarus Adopts Crypto Accounting Standard

Days before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies. It classifies digital tokens according to their acquisition and intended use. The document defines the information companies will be required to share with authorities. The presidential decree regulating the crypto sector comes into force on March 28. Also read: … Read more

Tax Filing Platform Teams with Zebpay to Help Crypto Taxpayers in India

The largest tax filing platform in India, Cleartax, together with Zebpay, one of the leading Indian cryptocurrency exchanges, is uniting efforts to help Indians with their crypto taxes. The partnership aims to educate bitcoin investors and traders about the current tax laws and how they apply to reporting cryptocurrency incomes and profits. Also read: 0 … Read more

Binance Warned by Japan’s FSA, Criticizes Reporters

The Nikkei Asian Review has reported that Japan’s financial regulator, the Financial Services Agency (FSA), has warned leading cryptocurrency exchange Binance that it will face criminal charges if it continues its Japanese operations without a license. Binance’s chief executive officer has described the report as “irresponsible,” stating that the exchange is engaging in “constructive” dialogue” … Read more

Survey: 71% of All Cryptocurrency Exchanges Fail Password Security Audit

With so many new users flocking to cryptocurrency exchanges over the past year, it is evident that security practices need to be taken into account. Unfortunately, the vast majority of cryptocurrency exchange users still fail to generate proper passwords. This is mainly due to the exchanges themselves implementing poor password policies in general. Something will … Read more

Chinese Stock Exchanges Crack Down on Companies Falsely Claiming “Blockchain”

It appears that China’s stock exchanges are seeking to prevent companies from issuing misleading information in order to drive hype around blockchain technology – potentially influencing their share price. Also Read: China’s First Central Bank Governor in 15 Years Likes Bitcoin Blockchain Mania Sweeps China’s Stock Exchanges China’s Shenzhen Exchange has announced its intention to crack … Read more