Tagged: bitcoin

August 20, 2019 @ 9:55 pm By Cali Haan  |  

A judge presiding over proceedings in a case of alleged fraud by crypto trading platform Bitfinex (and associated companies) has ordered the companies to provide records compelled under ex parte orders issued in New York in April. Almost immediately after the orders were issued, Bitfinex… Read More

August 12, 2019 @ 8:45 pm By Cali Haan  |  

Bitmain, the world’s largest cryptomining firm and manufacturer of cryptomining equipment says the company name is being fraudulently used by a project called “Mangocoin.” “We recently become aware of the fraudulent use of the ‘Bitmain’ brand in the sale of a product named ‘Bitmain Cloud… Read More

August 9, 2019 @ 2:29 am By Cali Haan  |  

A Regtech/blockchain forensics firm called Clain has determined that hackers who stole 7074 Bitcoins (worth $80 million USD) from the Binance exchange in May used a tumbling service called Chipmixer to obfuscate movements of the stolen funds. Clain, “a start-up…that provides enhanced AML/KYC solutions in… Read More

August 8, 2019 @ 5:53 pm By Cali Haan  |  

The Texas State Securities Board (TSSB) has issued cease and desist orders against “Forex and Bitcoin Trader,” an unregistered dealer of cryptocurrencies, derivatives and foreign currency promising 900% returns in 14 days in online advertisements targeting Dallas investors. This is the fourth emergency action undertaken… Read More

August 8, 2019 @ 8:33 am By JD Alois  |  

Bitcoin marketplace Paxful is reporting a 70% increase in bank transfers due to “the onboarding of institutional clients.” Earlier this year, Paxful lowered the bank transfer fee to 0.1% – a move that may have helped boost user interest. On the Paxful peer to peer… Read More

August 7, 2019 @ 11:44 pm By Cali Haan  |  

The European Central Bank (ECB) says it is working to close gaps in its crypto-network monitoring regime in order to ensure that risks, “currently contained and/or manageable,” do not, “increase over time and have future implications,” for mainstream financial systems. “Spillover effects may…be transmitted to… Read More

August 7, 2019 @ 2:42 am By Cali Haan  |  

Kyle Bass, a fund manager who predicted the 2008 economic crisis says the troubles in Hong Kong, US-China trade tensions and Chinese debt are probably incentivizing capital flight into Bitcoin, gold, and other currencies as investors and citizens seek refuge from a depreciating yuan. “If… Read More

August 6, 2019 @ 7:36 am By Cali Haan  |  

After a three-year-long investigation, Cyberpol, has concluded that Bitcoin mining is “unlawful,” because miners are minting money outside of the regulated monetary system and then suffusing this money back into regular economies. Cyberpol is an international non-profit agency for investigating cyber attacks by criminals, international… Read More

August 5, 2019 @ 10:21 pm By Cali Haan  |  

More than half a billion dollars in Bitcoins ($525 million USD) left the building at BitMEX this month after news of a CFTC investigation broke in the press, CCN reports. BitMEX is a crypto derivatives trading platform that allows 100X leveraged bets. BitMEX does not have… Read More

August 5, 2019 @ 9:03 am By JD Alois  |  

Bitcoin is moving higher, once again, as the trade war between the US and China escalates. Yesterday, the Yuan dropped below 7 to the dollar with the People’s Bank of China (PBOC) blaming the decline “to unilateral trade protectionism, as well as expectations of more… Read More

August 1, 2019 @ 4:06 pm By Cali Haan  |  

The latest blog post from “full-service (digital asset) investment management firm” Arca tries to contend that crypto-asset investing is not much more speculative than traditional sorts. But Arca is not a neutral commentator. The company has invested early in LEO tokens, for example. LEOs are… Read More

August 1, 2019 @ 2:52 am By Cali Haan  |  

An unnamed OTC trading desk in Moscow is selling up to $30 million USD in “tethers” per day to Chinese merchants sending proceeds home, Coindesk reports. Until 2018, the favoured currency for this type of transacting was reportedly Bitcoin, but Chinese merchants have lately started dumping… Read More

July 30, 2019 @ 11:28 pm By Cali Haan  |  

A trans cryptographer named Isis Agora Lovecruft has started a GoFundMe campaign to defend themself in a defamation lawsuit brought by prominent Bitcoin core developer Peter Todd. Todd levelled the suit against Lovecruft in April after Lovecruft called him a “rapist” in a tweet. Lovecruft’s… Read More

July 29, 2019 @ 11:51 am By JD Alois  |  

Genesis, a digital asset trading and lending platform that is also a broker-dealer registered with FINRA, and a BitLicense holder with the New York State Department of Financial Services, reports that its services are booming. According to a release from last week, Genesis’ Q2 performance… Read More

July 28, 2019 @ 5:19 pm By Cali Haan  |  

Jon Barry Thompson (AKA “J. Barry Thompson), principal of “cryptocurrency escrow company” Volantis Escrow Platform LLC and Volantis Market Making LCC has been arrested in Pennsylvania for allegedly conning two companies out of $7 million USD they transferred to him for the purchase of bitcoins,… Read More

July 26, 2019 @ 11:26 pm By Samantha Hurst  |  

OKEx, a Malta-based digital assets exchange, announced earlier this week has donated $4.5 million worth of Bitcoin to its perpetual swap market insurance fund to encourage customer confidence in trading cryptocurrencies. OKEx reported that last year it introduced perpetual swap trading along with the new… Read More

July 26, 2019 @ 5:24 pm By Cali Haan  |  

William Green, 46, of Wall Township, New Jersey, has been indicted in the state  for allegedly, “operating an unlicensed money transmitting business through which he charged customers fees to convert more than $2 million in cash into the digital currency Bitcoin.” The indictment follows a criminal complaint… Read More

July 26, 2019 @ 3:23 am By Cali Haan  |  

The father, Bjørn Kjos, 73, is a wealthy airline industrialist in Norway and co-owner of Norwegian Air Shuttle, the largest airline in Scandinavia. Son, Lars Ola Kjos, 41, reportedly invested millions in Bitcoins last year and is now very crypto rich. Son-in-law Stig A. Kjos-Mathisen, 37,… Read More

July 24, 2019 @ 5:00 pm By Cali Haan  |  

U.S. Treasury Secretary Steve Mnuchin told an interviewer at CNBC’s Squawk Box July 24th that he, “won’t be talking about Bitcoin in 10 years. I can assure you that.” “But you might be talking about it in six years…as Treasury Secretary, ” said the interviewer…. Read More

July 23, 2019 @ 1:03 am By Cali Haan  |  

Data from the Korean ministry of Justice indicates that South Koreans lost $2.7 billion USD (2.7 trillion KRW) in cryptocurrency scams between July 2017 and June 2019, Korea Herald reports. The ministry also said it has indicted and detained 132 individuals accused of cryptocurrency fraud and… Read More