Bancor said that a wallet used to upgrade the smart contracts on its platform was comprised resulting into a loss of 24,984 ETH tokens.

Facebook has once again reaffirmed its commitment to exploring blockchain technology by appointing Evan Cheng as the director of engineering for the recently launched division.

This is an effort towards creating an healthy environment for the future growth of the crypto market.

The U.S Internal Revenue Authority has teamed up with tax authorities from the United Kingdom, Canada Australia, and New Zealand as the countries look to take cryptocurrency tax fight to the next level.

All the three cryptocurrency bills have been designed in a way to foster the growth of blockchain technology.

The tax agency has clarified that it is seeking this data only to keep a watch on activities of tax evasion and money laundering.

The lawsuit accuses the company misleading people with the sale of its unregistered XRP tokens and inflating its price.

The central government official, however, have assured to immediately work on a regulatory framework for the operations of cryptocurrencies.

Kraken has fired back at Bloomberg for accusing it of price manipulation without credible evidence and failure to properly understand some concepts in the cryto market.

The Food Standard Agency, a regulator in the UK has successfully completed a test program in which it evaluated the viability of blockchain technology in supply chain management.

The bank in its report calls cryptocurrencies to be a speculation driven instrument instead of having any attributes of money.

The report notes that the ICO market has matured a lot over the last year with improving legal aspects and investor relations.

This has resulted into a considerable drop on the charts in the Bitcoin hashrate.

A group of banks in Europe have selected IBM to build a blockchain platform that is to be used by small businesses to finance cross-border orders.

The new service is specifically aimed towards institutional hedge funds and other big clients.

BTCC will also reward new user on its platforms with point for completing the verification which can be redeemed against its own digital tokens.

European Parliament does not expect cryptocurrency to challenge the economic power of central banks in the near future.

The PBS has said that the banks have refused to do business with crypto firms despite no such regulatory rule being imposed by the government.

The deputy governor asked financial institutions not to have much exposure to digital assets and develop a risk assessment framework while dealing with them.

To avoid having local blockchain companies flee to other regions with more lenient regulation, Switzerland has created a working group to encourage banks to provide services and create accounts for these businesses.