Regulators have been struggling to get a grip on the burgeoning world of cryptocurrencies. It’s increasingly important that they succeed, and soon.
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Billions – real billions – are getting pilfered annually through a variety of cryptocurrency scams. The way things are going, this will only get worse.
Cryptocurrency exchange Binance plans to double its compliance team by year’s end and said it will “humbly welcome more capable talent” as it faces a blizzard of global regulatory probes.
Collapsed bitcoin scheme Mirror Trading International was placed in final liquidation this week by the Western Cape high court.
South Africa is moving with more urgency to stiffen oversight of cryptocurrency assets after a proliferation of scams.
It seems lightning does strike twice for Raees and Ameer Cajee, the two brothers behind Africrypt, the company that was supposedly hacked and whose wallets were emptied of R51-billion in crypto money in April.
Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies.
A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies.
Bitcoin pushed higher Monday as proponents took encouragement at its failure to breach the closely watched $30 000 support level over the weekend.
The cryptocurrency aficionados’ mantra that bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal.