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Australian Police Seize Over USD 1 million in Crypto In Drug Bust


As the Australian Federal Police are developing their tech capacities, a recent drug bust of a property in Western Australia allowed officers from the Technology Crime Service to seize not only illegal substances, but also more than AUD 1.52 million (USD 1.04 million) worth of unspecified...

Bitcoin and Altcoins Gaining Bearish Momentum


In the past two days, bitcoin price failed to gain pace above the USD 7,350 and USD 7,400 resistance levels. As a result, BTC/USD started a fresh decline and recently broke the key USD 7,200 support area. However, the price is still holding USD 7,000 (09:00 UTC), below which there is a risk of...

European Banks Struggle With Low Interest Rates and Strict Regulations


Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019....

Following Canaan, OneConnect Cuts its IPO Ambitions in Half


OneConnect Financial Technology, a unit of China’s major insurer Ping An, aims to raise up to USD 504 million in an initial public offering (IPO), compared to USD 1 billion, reportedly considered in June this year. The IPO was launched yesterday after the company reduced both its target offering...

Japan Now Has 21 Approved Crypto Exchanges


Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed. The regulator has so...

New List Claims 1.9 Million Bitcoin Held by Centralized Exchanges


Cryptocurrency enthusiasts have been discussing a newly developed exchange ranking developed by the crypto portfolio and trading bot startup Bituniverse. According to a leaked screenshot of Bituniverse’s “Exchange Transparent Balance Rank,” there’s roughly 1.9 million...

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