UK Watchdog Audit of UK Cryptocurrency Groups Steep Hike

The FCA progressively takes hard line onto crypto companies to protect investors from Cryptocurrency Scams.   According to the Financial Conduct Authority estimation, consumers have lost at least £27m in crypto and foreign-exchange scams. This figure shows that there is a 74% increase from the number of inquiries recorded as compared to those recorded between … Read moreUK Watchdog Audit of UK Cryptocurrency Groups Steep Hike

Hackers Steal $40.7 Million in Bitcoin From Crypto Exchange Binance

Hackers steal over $40 million worth of bitcoin from one of the world’s largest cryptocurrency exchanges Hackers have stolen over $40 million worth of bitcoin from Binance crypto echane, one of the world’s largest cryptocurrency exchanges, the company said on Tuesday. Binance announced that a “large scale security breach” was discovered earlier on May 7, finding that … Read moreHackers Steal $40.7 Million in Bitcoin From Crypto Exchange Binance

Facebook Rolls Back Ban on Cryptocurrency Ads

Facebook on Wednesday said it is loosening it’s ban on ads related cryptocurrency As Per Facebook official blog “And starting 5 June, we will update our Prohibited Financial Products and Services Policy to no longer allow ads promoting contracts for difference (CFDs), complex financial products that are often associated with predatory behaviour. These products, due … Read moreFacebook Rolls Back Ban on Cryptocurrency Ads