Disclosed today, an exploit in Coinbase contracts allowed users to fund wallets with potentially unlimited amounts of Ether. Dutch researchers discovered the flaw, furnishing it to Coinbase in January.
Korean officials have visited the premises of three digital asset exchanges where staff are suspected of illegally taking possession of customer funds in order to buy virtual currency for themselves.
On Tuesday, Cameron and Tyler Winklevoss proposed the Virtual Commodity Association, which would be an important first step toward self-regulation by major players in the cryptocurrency industry. The CFTC has been calling for such self-policing and applauded their initiative.
The virtual currency exchange Bittrex has explained that its services are not available to users located in North Korea, Iran, Crimea, Syria, and Cuba.
Sixteen regulator-approved cryptocurrency exchanges in Japan will form a self-regulatory organization, and others are expected to join later.
Kraken said it will give users several weeks to adjust to changes following news that the exchange will close SWIFT and SMBC accounts.
Rabobank is gauging customer interest in a cryptocurrency wallet service.
Poloniex users are in for a changing of the guard since the cryptocurrency exchange is now under new ownership.
On Friday, Coinbase sent email notifications to customers who are subject to the slimmed down IRS summons.
On Wednesday, the SEC filed civil charges in the federal district court in Manhattan against BitFunder and its operator Jon E. Montroll. The US Attorney’s Office for the Southern District of New York also filed a complaint in a parallel criminal case against Montroll for perjury and obstruction of justice.