Cryptocurrency Firm Quadriga Collapsed Due to Late Founder’s Ponzi Scheme: Regulator June 15, 2020 By Nichola Saminather Last year’s collapse of Canadian cryptocurrency trading platform QuadrigaCX was due to a Ponzi scheme operated by founder Gerald Cotten,...
Cryptoasset Insurer Evertas Receives License to Operate in Bermuda June 10, 2020 Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas’ operations...
Facebook Revamps Its Libra Cryptocurrency in Response to Regulatory Backlash April 17, 2020 By Brenna Hughes Neghaiwi and Tom Wilson Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp...
Lloyd’s Launches Cryptocurrency Wallet Insurance Policy March 2, 2020 Lloyd’s has launched an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The...
Arch Insurance (UK) and Marsh Launch ‘Blue Vault,’ Insurance Cover for Digital Assets September 19, 2019 Arch Insurance (UK) Ltd., in collaboration with Marsh, the insurance broker and risk adviser, announced the launch of Blue Vault,...
UK Markets Regulator Warns of Dangers of Unregulated Cryptocurrencies August 1, 2019 By Huw Jones and Tom Wilson Britain’s markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections,...
House Democrats Eye Possible Ban on Big Tech Firms Offering Financial Services July 15, 2019 By Pete Schroeder and Ismail Shakil A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for...
Facebook’s Cryptocurrency Gets Pushback from Global Financial Watchdogs June 24, 2019 By Alastair Marsh Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister...
Investigation Uncovers Mystery of Quadriga’s Missing Cryptocurrencies Worth Millions June 21, 2019 By Doug Alexander It’s looking more and more like QuadrigaCX founder Gerald Cotten mismanaged the digital-asset exchange before he died, with cryptocurrencies from...
Hackers Steal 7,000 Bitcoins Worth $40M from Cryptocurrency Exchange Binance May 8, 2019 By Eric Lam Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoins worth about $40 million via a single...