UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Chesterfield Credit Union. Chesterfield Credit Union is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
What happens when a crypto exchange has weak security protocols, the tokens of an ICO startup go missing, a heist of $170 million takes place, and then everyone starts pointing fingers and blaming everyone else for the transgression? Matters like these usually end up in a court of law. The news today from a bankruptcy…
Read more
2018 was definitely the year of cryptocurrency thefts and cybercrimes. According to a report from CipherTrace, a US cyber security company, the thefts in 2018 increased by the staggering 400%, to the jaw-dropping amount of $1.7 billion. Of the total $1.7 billion, $950 million come from cryptocurrency exchange thefts and wallets. The total amount of…
Read more
WBTC (Wrapped Bitcoin) has officially launched on Ethereum as an ERC20 token fully backed by Bitcoin. The new token is a joint initiative by BitGo, Kyber Network, Ren (formerly Republic Protocol), and other community partners. Its aim is to bring Bitcoin’s liquidity to the decentralized ecosystem on Ethereum and enhance all decentralized applications (DApps). It…
Read more
Cracks in the crypto infrastructure are beginning to appear, as the ravages of Crypto Winter take their full toll. For the past few months, the financial press has been filled with headlines related to crypto miners departing the scene. Miners are sometimes called the backbone of the crypto ecosphere. Operations can range from small to…
Read more
Yikes! The sky is falling again… or is it? It seems that, every time Bitcoin and its altcoin brethren stumble a bit, the end of the world is near at hand. Yes, BTC dropped from $3,550 to $3,357, a 5.5% fall, in a matter of hours, dragging other token values along with it, as the…
Read more
Broadridge Financial Solutions, Inc. (NYSE:BR) has informed the public that the Financial Services Institute (FSI) has elected Chris Perry, Broadridge’s corporate senior vice president and president of Global Sales, Marketing and Client Solutions, to its Board of Directors. We are pleased to welcome Chris to our Board of Directors. He has a deep understanding of…
Read more
The Gibraltar Blockchain Exchange (GBX) has announced that it has added Stellar Lumens (XLM) to its Digital Asset Exchange (GBX-DAX). XLM follows the addition of XRP, EOS, and TRON in recent weeks. GBX has been granted a full license as a provider of Distributed Ledger Technology (DLT) from the Gibraltar Financial Services Commission (GFSC) under Gibraltar’s Financial…
Read more
The enterprise software firm R3 has just announced its plans to to boost the adoption of Corda in Japan and the wider East Asian region. The blockchain consortium has teamed up with SBI Holdings, which joined R3 back in 2016 and is its largest shareholder. Firms in Japan will now have access to Corda’s ecosystem applications and…
Read more
UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company SMS Crypto Limited. SMS Crypto Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more