The founder of a Nevada-based company was arrested on Wednesday on federal charges that he participated in a $6 million scheme to defraud people who wanted to buy a virtual currency called My Big Coin that he claimed was backed by gold.
Australia's corporate watchdog said on Thursday it was stepping up scrutiny on "misleading" initial coin offerings (ICOs)targeted at retail investors while adding it has already acted against several such proposals.
International Business Machines Corp is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said.