Crypto Startup BitGo Offers Insurance Against Quadriga Cold-Wallet Debacle

Article 0 Comments While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by mainstream companies such as Goldman Sachs says they’re able to offer some protection. BitGo Inc., which provides custodian services on more than $2 billion in digital assets, […]

Quadriga’s Frozen Cryptocurrencies Highlight Canada’s Regulatory Vacuum

Article 0 Comments Canada’s biggest securities regulator said on Friday that it was looking into Quadriga CX, as concerns grow that a regulatory gap leaves investors in the digital platform unprotected against potential losses. The statement comes a day after British Columbia Securities Commission, the province’s securities regulator, said it […]

Judge Pauses Lawsuits Against Crypto Exchange as It Hunts for Missing Password

Article 0 Comments A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits. Halifax judge Michael Wood on Tuesday [Feb. 5] ordered a 30-day stay that precludes filing of claims against […]

Crypto Exchange Founder Dies, Along with Sole Password to Access $200M

Article 0 Comments Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution — just the latest cautionary tale in the unregulated world of cryptocurrencies. The online startup can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and other digital tokens held for its customers, […]

Coordinated Global Regulation of Cryptocurrencies Needed: Circle CEO

Article 0 Comments Major economies should launch coordinated regulation of cryptocurrencies, the head of Goldman Sachs-backed startup Circle said on Monday, underscoring growing industry support for international rules on digital money. “Ultimately there needs to be normalization at the G20 level of critical crypto-related regulatory matters,” Jeremy Allaire, CEO of […]

Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions

Article 0 Comments In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that more and more firms are looking to […]

Bitcoins Worth $3M Stolen from India’s Cryptocurrency Trading Platform Coinsecure

Article 1 Comments One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. An official at Delhi-based Coinsecure was extracting Bitcoin to distribute to customers and he claims the funds were lost in the process, […]