EU agrees to deal on landmark MiCA cryptocurrency regulation

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers … Read more

North Korea likely behind $100 million Horizon crypto hack: Experts

A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $ 100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, … Read more

ECB Lagarde plays down recession risks at Sintra Forum

European Central Bank President Christine Lagarde said the central bank can raise rates faster, if needed. Handout | Getty Images News | Getty Images European Central Bank President Christine Lagarde on Tuesday played down concerns about a recession in the euro zone, also saying her team is ready to raise rates at a faster pace … Read more

Former Amazon employee convicted in Capital One hack

Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, US, on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago … Read more

Crypto scams cost people more than $1 billion since 2021: FTC

The crypto market can be volatile, but it’s still attractive to young people who have “higher risk appetites,” said Chris Adam of SharpRank. Insta_photos | Istock | Getty Images More than 46,000 people say they lost over $ 1 billion in crypto to scams since the start of 2021, according to a report released by … Read more

Former OpenSea employee charged in first-ever NFT insider trading case

US prosecutors are now going after insider trading in the crypto industry. On Wednesday, prosecutors in New York’s Southern District charged and arrested Nathaniel Chastain, a former product manager at the online marketplace OpenSea. The 31-year-old faces one count of wire fraud and one count of money laundering, in connection with a scheme to commit … Read more

Five U.S. states order halt to NFT sales by metaverse casino with alleged Russia ties

Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials say Flamingo Casino Club’s operators failed to disclose its … Read more

Crypto exchange Binance wins regulatory approval in France

Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called “Web3” start-ups. Benjamin Girette | Bloomberg | Getty Images Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered … Read more

Europe’s stock market fall triggered by Citi trader error

Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images A so-called flash crash in European markets on Monday prompted several indices to tumble sharply, sparking alarm among investors on a day when trading was thin due to public … Read more

SEC adds to cryptocurrency regulation staff

Gary Gensler Simon Dawson | Bloomberg | Getty Images The Securities and Exchange Commission announced Tuesday that it will almost double its staff responsible for protecting investors in cryptocurrency markets. The regulator’s Crypto Assets and Cyber ​​team, a unit of the SEC’s broader Enforcement division, will increase its head count by 20 for a total … Read more