Google bans cryptocurrency ads in high-risk product crackdown
Online advertisements promoting cryptocurrencies and initial coin offerings will be banned on Google, the tech giant has announced.
Online advertisements promoting cryptocurrencies and initial coin offerings will be banned on Google, the tech giant has announced.
Changes to the legislative framework for investment funds could create an additional barrier to cross-border fund distribution, the European Fund and Asset Management Association (Efama) has warned.
Anyone with information that leads to the arrest of would-be cryptocurrency thieves stands to collect $250,000, after the exchange that was attacked placed a bounty on the hackers’ heads.
Nedbank Private Wealth is changing its managing director, Prudential appoints a chief risk officer and HSBC names its head of financial crime risk transformation for the Isle of Man and Channel Islands.
Bitcoin, ether and other digital currencies are to come under scrutiny in the UK after the Treasury Committee announced on Thursday it has launched an inquiry into digital currencies and the technology behind them.
Owners of virtual currencies are being targeted in reality, with growing reports of in-person attacks to force people to transfer their cryptocurrencies to anonymous online wallets owned by their attackers.
Liquidators of the failed New Earth Recycling and Renewables (NERR) fund now have more than 200,000 documents in their possession and want to establish if there is a case to take legal action against any party deemed liable for the collapse.
Mismatches between the liquidity of open-ended investment funds’ assets and their redemption profiles could lead to “fire sales” to meet redemption requests in times of market stress, the European Systemic Risk Board (ESRB) has warned.
One of Japan’s biggest cryptocurrency exchanges was hacked and around JPY58bn (£377m, $534, €429m) of virtual currency NEM stolen, prompting a fall in its value of 11% over a 24-hour period, it was revealed on Friday.
Tens of thousands of cryptocurrency investors in India have been sent tax bills, after a nationwide survey showed more than $3.5bn (£2.5bn, $2.8bn) worth of transactions in the alternative asset were made over a 17-month period.
Global independent financial advice firm deVere Group has added a cryptocurrency app to its suite of products to meet “soaring global demand”, despite lingering concerns about the viability and legitimacy of digital currencies.
The world’s best-known cryptocurrency, bitcoin, has suffered yet another setback, tumbling to $13,635 (£10,069 €11,346) on Tuesday.