A system error at a Japanese cryptocurrency exchange saw a user attempt to make off with a huge amount of bitcoin, according to reports.
A group of Japanese cryptocurrency exchanges is reportedly uniting to form a new self-regulatory body in the wake of the recent Coincheck hack.
The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack.
In recent weeks, Coinbase users have voiced a litany of complaints about the U.S. mega-exchange: missing wires, unreleased bitcoin, disabled accounts.
A number of Coinbase users report unauthorized charges to their bank accounts, in some cases draining funds and leaving them with overdraft fees.
Since Coincheck partially resumed business activities following its recent hack, investors have flocked to withdraw millions from the exchange.
South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit activities, but played down more serious proposals.
Cryptocurrency startup Coinbase said Tuesday that its U.S.-based users won't be able to add new credit cards as a payment option.
South Korea is considering adopting a system similar to New York's "BitLicense" for the regulation of cryptocurrency exchanges, a report states.
In the rapidly-evolving world of cryptocurrency, the SEC and CFTC are belatedly ramping up their efforts in fulfillment of their appointed duties.