Coinbase, the first major cryptocurrency broker to go public with an opening day valuation on the Nasdaq, is expanding its legal team, perhaps in anticipation of increased regulation by the US and other nations. It has hired Christian Sabella, who was recently acting director of the U.S. Securities and Exchange Commission’s Division...
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Category: Cryptosecurity
Record number of individuals scammed by cybercriminals over sale of cryptocurrency
Scams of with fraudulent offers of cryptocurrency investments have spiked heavily according to the Federal Trade Commision. Nearly 7,000 people reported losses of more than $80 million from October through...
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The increase of Illegal frontrunning in the cryptocurrency world
Front-running, in stock trading and also in cryptocurrency trading, is the illegal practice of using insider information to make securities purchases knowing other purchasers are going to buy the same stock or currency and then selling it at a higher price. The key to this illegality is the...
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Securities and Exchange Commission files suit against New Hampshire firm LBRY for failure to register offering of securities LBRY Token
The Securities and Exchange Commission (SEC) has filed a civil suit against New Hampshire firm LBRY because it allegedly failed to register an offering of securities. The SEC Complaint states: "From 2016 through the present, LBRY offered and sold millions of dollars’ worth of unregistered securities to investors, in the form of a digital...
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Major Canadian cryptocurrency exchange Coinsquare ordered to hand over client info to federal tax authorities
A major Canadian cryptocurrency exchange Coinsquare of Toronto has been ordered to render its client information to federal tax authorities following a first-of-its-kind court ruling. The Federal Court issued an order compelling Coinsquare Ltd. to reveal customer details to the Canada Revenue Agency as it expands its enforcement among cryptocurrency holders and traders....
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MIT Media Lab begins major effort to strengthen Bitcoin security of its operating systems and networks, and penetration defenses
A new Bitcoin Software and Security Effort through the MIT Media Lab. The four-year research and development program will seek to harden the Bitcoin network and guide the industry's commitment to funding open source software. This will include contributing to Bitcoin Core development as well as long-term research, such as investigations into the stability...
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