Philippine’ SEC Approve New Draft Law for Cryptocurrencies and ICOs
The Philippines Security and Exchange Commission, (SEC) approved new draft rules for initial coin offering. According to reports, the new rules will provide a legal platform for traders to sell their cryptocurrencies. SEC Chairman Emilio Aquino released the new draft rules on August 2 in Malina. During the announcement, he stated that the government is… (0 comment)

Government Ban Fuels Underground Cryptocurrency Trading in India
Since the ban on cryptocurrency, traders in India have resulted to underground crypto trade to buy or sell their favorite coins. The efforts of the Indian governments seem to have bore little fruit as cryptocurrency trade in the country continues to grow. Traders have resulted to Dabba trading which according to reports, is trading outside… (0 comment)

Qiwi Employee Used Company Machines To Mine 500,000 Bitcoin And Lost It All
The CEO and majority shareholder of Qiwi- a Russian e-payment firm, Sergey Solonin, revealed that a company employee had mined 500,000 bitcoins in 2011 using his hardware without his knowledge. Solonini told the story while addressing students at the Moscow Advanced Communication School last week on  Wednesday. According to reports, Solonin discovered that one of… (0 comment)

Hacking cases in the cryptocurrency industry are becoming more frequent costing the exchanges hundreds of millions this year alone. Etherscan becomes the latest hacking victim on Monday after an unknown person hacked its sites. According to reports, the hacker was able to penetrate Etherscan’s system and  leave pop-up text that stated: “1337,” decades’ old hacker… (0 comment)