Global Digital Currency Exchanges

CrossTower cryptocurrency exchange has set up a local unit in India and launched a trading platform to capture the growing domestic crypto market even though the fate of cryptocurrency in India is still unclear.

According to four sources, who declined to be identified, the U.S.-based Kraken, Hong Kong-based Bitfinex and rival KuCoin are actively scouting the market

The CipherTrace report, which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges.

Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.

Mt. Gox, once the world's biggest bitcoin exchange, looked to have essentially disappeared on Tuesday, with its website down, its founder unaccounted for and a Tokyo office empty bar a handful of protesters saying they had lost money investing in the virtual currency.

As regulatory glare increases on the bitcoin globally and exchange rates of the cyber currency become extremely volatile, Indian authorities may soon issue a public advisory to warn against potential risks associated with this new digital currency concept, according to sources.

US prosecutors have filed an indictment against the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than 6 billion dollars in illicit funds linked to everything from child pornography to software for hacking into banks.

CrossTower cryptocurrency exchange has set up a local unit in India and launched a trading platform to capture the growing domestic crypto market even though the fate of cryptocurrency in India is still unclear.

According to four sources, who declined to be identified, the U.S.-based Kraken, Hong Kong-based Bitfinex and rival KuCoin are actively scouting the market

The CipherTrace report, which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges.

Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.

Mt. Gox, once the world's biggest bitcoin exchange, looked to have essentially disappeared on Tuesday, with its website down, its founder unaccounted for and a Tokyo office empty bar a handful of protesters saying they had lost money investing in the virtual currency.

As regulatory glare increases on the bitcoin globally and exchange rates of the cyber currency become extremely volatile, Indian authorities may soon issue a public advisory to warn against potential risks associated with this new digital currency concept, according to sources.

US prosecutors have filed an indictment against the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than 6 billion dollars in illicit funds linked to everything from child pornography to software for hacking into banks.