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Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges. $1.3 Million Lost Every Day Moscow-based cybersecurity company Group-IB has released…

Goldman Sachs and Mike Novogratz Invest in Cryptocurrency Startup BitGo

BitGo, a company which provides institutional-grade investors with compliance, security, and custodial solutions for cryptocurrencies has closed its Series B funding round bringing in $58.5 million. Goldman Sachs and Novogratz’ Galaxy Digital Ventures LLC contributed with $15 million of said amount. Investing in a $1 Trillion Cryptocurrency Wallet In an official release from today, BitGo…

Only 40% Are Passing Malta’s Cryptocurrency Certification Exam

Malta has signaled teething problems in its quest to become a “Blockchain Island” after it emerged less than 40 percent of professionals passed the government’s cryptocurrency certification exam. ‘Not Sufficiently Prepared’ As local news outlet Times of Malta reports October 18, regulator the Malta Financial Services Authority (MFSA) had to fail more than 6 out…

Russia Central Bank Head: Cryptocurrency Craze Is ‘Fortunately Fading Away’

The head of Russia’s central bank has announced the “cryptocurrency craze” is “starting to fade away” – and that this is a “fortunate” event. Nabiullina: Businesses Taking ‘Sober Approach’ To Blockchain Speaking during the country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17, Bank of Russia’s Elvira Nabiullina signaled a change in the…

Japanese Government Working to Simplify Cryptocurrency Tax Filings

Japan’s Tax Commission is looking for ways to simplify the current tax filing system for cryptocurrencies in order to ensure investors accurately report their gains. The commission, which guides policy on taxation and also advises the prime minister, held a general assembly meeting on Oct. 17 to discuss potential improvements to the process, according to regional…

Amazon Web Services Signs Deal With Qtum Cryptocurrency In China

Amazon Web Services’ (AWS) China division is partnering with public blockchain project Qtum. The partnership sees the on-demand cloud computing giant working with a cryptocurrency project with a $325 million market capitalization, making it the 29th largest cryptocurrency, to develop blockchain-as-a-service (BaaS) solutions for enterprises and developers. Revealed exclusively to CoinDesk, the partnership will allow AWS…

LINE’s Cryptocurrency Exchange Lists Its Own Token for Trading

The crypto exchange launched by Japan’s largest social network, LINE, announced the listing of its own token LINK (LNK) for trading against Bitcoin, Ethereum, and Tether. LNK Up For Trading on Bitbox Bitbox, the cryptocurrency exchange launched by messaging giant LINE, announced that it will list its very own token for trading against major digital…

Reddit Cofounder: Cryptocurrency Needs Its ‘Netscape Browser’ Breakthrough

The co-founder of Reddit, Alexis Ohanian, and the Director of MIT Media Lab’s Digital Currency Initiative, Neha Nerula, compare cryptocurrencies to different stages of the development of the internet. However, their positions differ. Ohanian: Cryptocurrencies are More Analogous to the Internet in the 1990s Reddit’s co-founder and venture capitalist Alexis Ohanian has been quite vocal about…

Cryptocurrency Scam Case Reaches a Dead End in Mumbai

Roughly a year ago, Mumbai police accused the founder of ATC Coin Ltd. of running a cryptocurrency scam. Now the case has gone cold after police remain unable to locate any of the alleged victims. In October 2017, police in Mumbai said they were looking for the founder and sole director of ATC Coin…

Paxos Claims $50 Million in Price-Stable Cryptocurrency Issued in First Weeks

Paxos, the startup behind the Paxos Standard (PAX) stablecoin, said it has so far issued a total of $50 million-worth of the U.S. dollar-pegged cryptocurrency since its official launch last month. Dorothy Jean Chang, vice president of marketing and communications for Paxos, announced in a tweet on Monday that in the month since the company rolled…