Cali Haan

Attendees at November Offshore Alert Conference in London Will Examine Whether Tether Cryptocurrency Enabled “Biggest Scam in the History of Finance”

Two hundred-fifty investigators, thirty speakers gathering and other attendees at the OffshoreAlert Conference on financial intelligence and investigations in London November 11th and 12th will have a chance to examine the role tethers played in creating “the largest bubble in human history,” the Bitcoin/crypto bubble… Read More

Fatburger Parent Company, FAT Brands, to Issue Bond Token on Ethereum

FAT Brands (NASDAQ:FAT), the parent company of restaurant chains Fatburger, Bonanza Steakhouse, Ponderosa Steakhouse, Buffalo’s Cafe, Elevation Burger and Hurricane Grill & Wings, reportedly plans to sell $30 million USD in bonds tokenized on the Ethereum blockchain network. According to Asset-Backed Alert, FAT Brands is… Read More

FBI Investigating Attempted Breach of Blockchain Election App Voatz

West Virginia’s Secretary of State, Mac Warner, disclosed in a speech a press release October 2nd that someone tried to hack into a blockchain-based voting system provided to the state by a company called Voatz. The system was being trialed as a means of allowing… Read More

Letters from US Lawmakers Regarding Facebook’s Libra May Have Spurned Last Week’s Walkout by Backers

Letters from US lawmakers to members of the Libra Association asking them to, “carefully consider how your companies will manage risks before proceeding,” as backers of a Facebook cryptocurrency called “Libra” may have spurned last week’s corporate exodus from the project. On Friday, October 11th, Visa,… Read More

US Treasury Secretary Mnuchin: Backers Left Facebook’s Libra Because Facebook’s Currency Project “Not Up to Par”

US Treasury Secretary Steve Mnuchin told Andrew Ross Sorkin at CNBC’s Squawk Box October 14th that initial backers of Facebook’s proposed in-app cryptocurrency project, Libra, probably realized the company was, “not ready….(and) not up to par” when they announced they were leaving the project in… Read More

Following SEC Action Halting TON Token Sale in US, Telegram Issues Letter to Investors

A letter from a spokesperson for Telegram regarding the SEC’s emergency action to halt the sale of GRAM tokens to US investors has been making the rounds in the crypto media and on forums. In the the letter, “Shyam” states that Telegram, maker of a… Read More

Perth Mint Plans to Sell Gold-Backed Crypto Tokens

The Perth Mint, a large “precious metals enterprise” in Australia, has announced it will be issuing, “the first digital gold token on a public blockchain-backed…1:1 by GoldPass certificates issued by The Perth Mint…” No date for when the product will become available has not yet been… Read More

CipherTrace Hosting FATF Crypto Travel Rule Hackathon

Blockchain forensics firm CipherTrace is hosting a Travel Rule Compliance Conference and Hackathon in San Francisco November 5th and 6th. The event has been organized, “to develop open solutions that cryptocurrency exchanges, hedge funds, blockchains and banks urgently need to comply with both the FATF and… Read More

Abandoning Ship: eBay, Visa, Mastercard and Stripe Exit Facebook’s Libra Association [u]

Following in the footsteps of PayPal, which walked away from the Libra Association last Friday, eBay and Stripe have now departed the alliance. In an update, Law360 has confirmed that Mastercard and Visa have exited the Libra Association as well. “We highly respect the vision… Read More

BIS, “Central Bank of Central Banks,” Exploring Interbank Digital Asset Settlement and Central Bank Digital Currency at Switzerland Innovation Hub

The Bank for International Settlements (BIS), popularly known as the “central bank of central banks,” will be engaging in two projects at the BIS’s newly-established Innovation Hub in Switzerland, one of which involves, “examin(ing) the integration of digital central bank money into a distributed ledger technology… Read More

Alipay Says It’s Not Servicing Crypto Trades, But is It?

Following a confirmation from CEO Changpeng Zhao (CZ) on Twitter yesterday that the Binance cryptocurrency exchange will soon allow customers to their trading accounts using Alipay and WeChat, Alipay has tweeted to deny Zhao’s announcement, stating: “NO, you cannot…There’re several reports about @Alipay being used for… Read More

Headlines Claiming Institutional Interest in Crypto Down Significantly

Besides injections of Tethers and high-profile proclamations of imminent six-figure Bitcoin valuations, rumours of institutional money shortly avalanching into crypto also fuelled Bitcoin’s parabolic bull run in late 2017. Similar claims of institutional crypto thirst were in the media made this summer, and a price… Read More

Final Bitcoin ETF Proposal Bites the Dust at SEC, Volume Misreporting on 95% of Crypto Exchanges Key

In a 112-page order, the US Securities and Exchange Commission (SEC) has rejected NYSE Arca’s request for a rule change to allow the company to sell a “Bitwise” Bitcoin ETF to retail traders. The proposal is believed to be the last remaining request for a… Read More

Spurned by Libra, EU Finance Commissioner Promises Cryptocurrency Laws

The European Union’s finance commissioner-designate, Valdis Dombrovskis, has told fellow members of Europe’s governing body that he plans to propose laws for the regulation of cryptocurrencies, Reuters reports. “Europe needs a common approach on crypto-assets such as Libra…I intend to propose new legislation on this,” Dombrovskis… Read More

As Crypto Ban Persists in China, Binance Exchange Enables WeChat and Alipay

Changing Zhao (CZ), CEO of Binance, one of the world’s largest cryptocurrency trading platforms, has confirmed on Twitter that the platform will begin accepting money transfers via Chinese payment giants WeChat and Alipay. The news is very significant because China has been pursuing a progressively… Read More

Head of Product at Facebook’s Libra Currency Venture Has Departed

Simon Morris, Head of Product at Facebook’s Libra coin project, departed his position in August. According to his LinkedIn profile, Mr Morris was appointed as Head of Product at Libra in April of this year. Libra (Calibra) lead David Marcus’ LinkedIn profile says he began… Read More

World Federation of Exchanges Ask UK Regulators Not to Ban Crypto Derivatives

An advocacy group representing mainstream stock exchanges and clearinghouses from around the globe, the World Federation of Exchanges (WFE), has asked the UK’s Financial Conduct Authority (FCA) not to ban cryptocurrency derivatives products aimed at retail investors. In a consultation paper issued by the FCA… Read More

QuadrigaCX Widow Turns Assets Over to Harmed Crypto Exchange Users

Jennifer Robertson, widow of deceased QuadrigaCX founder Gerald Cotten, has disclosed that she will be turning over the “vast majority” of her assets to the Quadriga estate so they may be used to partially compensate users who lost funds when Quadriga collapsed. In a letter… Read More

Two in California Plead Guilty to Money Laundering with Bitcoins

Aidan Curry, 23, and Connor Brooke, 25, have pleaded guilty in California to one count of Money Laundering Conspiracy for running an unlicensed money transmitting business (MTB) in which they traded cash “with complete strangers,” no questioned asked, for bitcoins and vice versa. The defendants… Read More

Class Action Suit Launched Against Bitfinex and Tether, Alleged Creators of “Largest Bubble in Human History”

Lawyers at Roche Freedman LLP filed a class action suit on October 6th against Bitfinex, Tether, and associated parties and firms. The suit alleges plaintiffs collectively suffered over $1.4 trillion USD in damages due to defendants alleged violation of Commodities Exchange and federal RICO statutes, as well… Read More

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