MIchael Collins
Writer
![](https://media.bitrates.com/cache/authors/16/micheal-collins-104x_1px.jpeg)
Michael is a news reporter for Bitrates with a central interest in international regulations and their effects. Business-minded and a major sports-enthusiast, he broke into writing through data analysis and eventually derivative futures. A firm believer in altcoins and the impact of a market-wide push for development, his attention to the development of blockchain and cryptocurrencies continues to grow. Michael is a resident of the United States.
![UPbit logo in blue on background of screens and two korean people](https://media.bitrates.com/cache/posts/884/upbit-south-koreas-fsc-x108_1px.jpeg)
South Korea's Largest Exchange UPbit Cleared of Insolvent Allegations by FSC
The Financial Services Commission has cleared UPbit of all fraudulent accusations claiming the exchange was insolvent this past May.
![shadow of a man walking in blurry street, dollar bills floating around](https://media.bitrates.com/cache/posts/836/sky-mining-company-ceo-fraud-x108_1px.jpeg)
Sky Mining's CEO Le Minh Tam Disappears with $35 Million of Investor Funds
Sky Mining CEO Le Minh Tam absconds from Vietnam with $35 million in investors capital and assets, taking all of the firm's mining machines.
![Man wearing grey shirt and Secret Service vest with radio and star logo, and holding phone in right hand.](https://media.bitrates.com/cache/posts/573/secret-service-requests-congress-x108_1px.jpeg)
US Secret Services Looking to Congress for Aid Against Criminal Use of Coins
The Secret Service's Robert Novy is calling for Congressional help to increase law enforcement's ability to counter the illicit use of coins.