cryptocurrency News

Investor Sues AT&T Over Cryptocurrency Theft

U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T, accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. In a …

Cryptocurrency Platform Omniex Adds Former Regulators Levitt, Bair to Board

Former U.S. Securities and Exchange Commission chairman Arthur Levitt and former Federal Deposit Insurance Corp. chair Sheila Bair have joined the board of advisors of cryptocurrency trading platform Omniex, the company said on Tuesday. Omniex also said it had hired …

Crypto Prediction Market on Blockchain Raises Regulatory Concerns

The next confrontation between government regulators and a blockchain startup appears set to ensnare a prediction market platform that goes by the name Augur. After going live on July 10, Augur allows anyone to create contracts to predict future events …

Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions

In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that …

CFA Institute Adds Cryptocurrency, Blockchain to Curriculum

It might be the definitive sign that cryptocurrencies have arrived on Wall Street. CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II …

Timeline: More Than $1 Billion in Cryptocurrency Thefts Since September 2012

Investors’ shaky confidence in virtual currencies took another hit after crypto exchange Bithumb, ranked seventh in the world by traded value on Coinmarketcap.com, suffered a hack that saw about 35 billion won ($32 million) worth of coins stolen. The South …

Hackers Steal $32M from S. Korean Cryptocurrency Exchange Bithumb

South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading the digital …

Bitcoins Worth $3M Stolen from India’s Cryptocurrency Trading Platform Coinsecure

One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. An official at Delhi-based Coinsecure was extracting Bitcoin to distribute to customers and he claims …

Reputational Damage from Fake News & Cyber Attacks Raise UK Business Risk: Report

Fake news threatens U.K. businesses with reputational damage as well as falling sales and share prices, adding to the growing risk from cyber attacks facing companies from local Indian restaurants to multinationals. That’s the warning from the National Cyber Security …

UK Government, Regulators to Examine Potential Risks from Cryptocurrencies

Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday. Glen said there had been an “explosion of growth” in crypto assets like bitcoin, which …