Industry Watch 12 February, 2018 – 05:51

Nami | Daily Crypto News 12.02.2018

Copied to clipboard
Copied to clipboard

Fortune: BitGrail Cryptocurrency Exchange Claims $195 Million Lost to Hackers

An Italian cryptocurrency exchange called BitGrail claims that it was hacked late last week and lost roughly $195 million worth of customers’ cryptocurrency.


Bitcoin Magazine: Japanese Exchange bitFlyer Approved to Operate in Illinois

Japan’s largest Bitcoin and blockchain company, bitFlyer, has now received an official license to operate in the state of Illinois.

Coin Desk: Korean Exchange Bithumb Is Accepting New Users Again

South Korean cryptocurrency exchange Bithumb is now accepting new investor registrations following integration of new regulator-mandated “know-your-customer” (KYC) procedures.

The Business Times: Abu Dhabi financial regulator may create framework for virtual currencies

The regulator of Abu Dhabi’s international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade in cryptocurrencies such as bitcoin to develop.

1 small bank.jpg

Financial Times: Smaller European banks break ranks over cryptocurrencies

A handful of smaller European banks such as Vontobel and Falcon Bank, Fidor Bank and Liechtenstein’s Bank Frick are giving investors access to cryptocurrencies and advising on initial coin offerings, despite an intensifying efforts by regulators to clampdown on the area.

IRS track tax.jpg

Coin Telegraph: IRS Forms New Team To Track Down Crypto Tax Evaders

The IRS has formed a 10-person team to work with international crime agencies to track down people who have been evading taxes on their cryptocurrency profits.

japanese tax 55.jpg

Coin Telegraph: Japanese Crypto Investors To Pay Tax Of Up To 55 Percent On Profits

Investors in Japan will pay a 15 to 55 percent tax on profits made from crypto investments, depending on how much they earn.

Ustralia cryptohijacking.jpg

The Guardian: Cryptojacking attack hits Australian government websites

A series of Australian government websites, including the Victorian parliament’s, have been compromised by malware. The process, known as cryptojacking, forces a user’s computer to mine cryptocurrency without their permission, generating profits for the hacker.


Disclaimer. This article/email is for informational purposes and should not be considered investment advice. Statements and financial information on Nami web/email and Nami related sites do not necessarily reflect the opinion of Nami and should not be construed as an endorsement or recommendation to buy, sell or hold.

While we aim at providing you all important information that we could obtain that may include certain information taken from exchanges and other sources from around the world, readers should do their own research before taking any actions and carry full responsibility for their decisions.Trading and investing in digital assets like cryptocurrencies is highly speculative and comes with many risks. Past performance is not necessarily indicative of future results.

Nami may provide links to third-party websites, including social networking websites. Since we do not control third-party sites and are not responsible for any information you may provide while on such sites, we encourage you to read the privacy policies on those websites before providing any of your information on such sites.