Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms October 29, 2024 By Andrew G. Simpson A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the...
New Crypto Coalition Vows to Address Potential for Fraud February 7, 2022 By Hannah Lang A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed...
Getting Digital Currency Right More Important Than U.S. Being First, Says Fed’s Powell October 21, 2020 In any development of a cross-border digital currency, it is more important for the United States “to get it right...
G7 Leaders Vow to Combat Surging Ransomware Attacks Against Financial Services October 15, 2020 By Andrea Shalal and Jan Strupczewski Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic,...
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...
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...
Losses from Cryptocurrency Thefts, Fraud Surged to $1.2 Billion in Q1: Report May 1, 2019 By Gertrude Chavez-Dreyfuss Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to...
Thefts, Scams of Cryptocurrencies Surge 400% to $1.7 Billion in 2018 January 30, 2019 By Gertrude Chavez-Dreyfuss Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according...
Cryptocurrency Industry Says Inadequate Insurance Deters Investors December 20, 2018 By Alun John Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor...
New York Regulator Approves New Virtual Currency Exchange May 10, 2016 New York state has approved regulations allowing a new virtual currency called Ether. Gov. Andrew Cuomo, a Democrat, and the...