Cali Haan

Maldives Monetary Authority: Crypto Not Legal Tender, Permission Not Granted

The Maldives Monetary Authority (MMA) has, “caution(ed) the general public on the use of crypto currency and other virtual currencies,” in the small archipelago nation lying southwest of Sri Lanka in the Indian Ocean, though the overall status of cryptocurrencies there remains grey. The press release… Read More

Stanford-Trained Brazilian Professor Warns SEC Not to Approve Bitcoin ETF

A Stanford-trained Brazilian professor of computer science has left several of the sacred cows of Bitcoin wounded in the field after submitting a systematic take down of several of the coin’s tropes questioning manipulators in a submission to the US Securities and Exchange Commission (SEC)…. Read More

Plattsburgh, New York Common Councillors Propose Strict Safety Rules for Crypto Mining Facilities

Councillor Patrick McFarlin of the Common Council of the city of Plattsburgh, New York tabled a proposed law last Friday that would impose strict safety requirements on all commercial cryptocurrency mining farms operating within the city’s perimeter. “LOCAL LAW P-7 OF 2018” offers provisions covering… Read More

As Promised: Binance Opens Fiat-to-Crypto Exchange Platform in Uganda

Binance, the world’s largest cryptocurrency exchange by volume, announced this morning that it has begun accepting registrations at its Binance Uganda exchange. “Users are now able to complete full account verification in the User Center after logging in,” says a company announcement regarding the launch…. Read More

Zambian Central Bank Warns Consumers that Cryptocurrencies Not Legal Tender, Must Be Used at Own Risk

The Central Bank of Zambia has issued a press release warning locals that it is the only body with the legal right to issue currency in the country. Cryptocurrencies in Zambia, therefore, are neither, “overseen, supervised nor regulated,” by the bank and should only be… Read More

Barclays Suspends Work on Crypto Trading Platform

International banking and investment conglomerate Barclays has suspended its internal study into the possible creation of a cryptocurrency trading desk within the organization, according to a story in Financial News London. Earlier this year, rumours surfaced that Barclays had assembled a team of four executives tasked… Read More

Hong Kong Securities Regulator Seeking Balanced Crypto Rules Says Chief

Properly regulating the cryptocurrency sector is a complex affair, says outgoing Hong Kong Securities and Futures Commission (SFC) chairperson Carlson Tong, but a complete ban is futile: “We do not think imposing a total ban on these platforms is necessarily the right approach, and it will… Read More

On the Heels of MasterCard, Visa to Declare Forex, Binary, Crypto and ICO Purchases “High Risk,” Payment Channels to Crypto Exchanges Narrow

Starting in December, all payments sent by Visa users to forex, binary, crypto and ICO brokers will be designated “high risk,” Finance Magnates reports. Mastercard has already been imposing a similar designation since last April, when they extended the chargeback period for payments sent to “high-risk… Read More

Fake Flash Player Updates Getting More Sophisticated at Spreading Crypto Malware

Until recently, fake Flash Player updates designed to spread malware have typically been rather clunky and lacking in “stealth,” says Brad Duncan, a threat intelligence analyst and writer for the cybersecurity firm Palo Alto Networks. “In recent years, such imposters have often been poorly-disguised malware… Read More

Scammers Impersonate Canadian Tax Authority, Threaten to Deport Recent Immigrant, Use Bitcoin ATM to Steal $62 500

Telephone scammers pretending to be representatives from the Canada Revenue Agency (CRA) recently used threats of deportation and a bitcoin ATM to defraud a recent immigrant in Charlottetown PEI out of $65 000, CBC reports. Now a Charlottetown court has ruled that the Bitcoin ATM… Read More

As US Withdraws from Nuclear Deal, FinCEN Warns of Possible Increase in Iran’s “Illicit” Use of Finance Networks, Including Crypto

The American Financial Crimes Enforcement Network (FinCEN) has issued an advisory warning that Iranian state actors may escalate their attempts to move money in and out of the country through “illicit” channels (including cryptocurrencies) once the US completes its withdrawal from the Joint Comprehensive Plan of Action… Read More

SEC Expands Scrutiny of Companies That Sold ICOs to Unaccredited Investors

The American Securities and Exchange Commission (SEC) has been following up on “scores” of subpoenas it sent in January to companies issuing ICOs (initial coin offerings) and is now focussing on those and “many more” that sold ICOs to unaccredited investors, Yahoo Finance reports. Based… Read More

Hacker Arrested in Oklahoma for $14 Million Crypto Heist Now Linked to $2 Million Hack on ICO Investor Ian Balina

One of two young men suspected of hacking $14 million in crypto from the Crowd Machine project in September has now been tied to a $2 million April hack on ICO investor and influencer Ian Balina, Motherboard reports. Fletcher Robert Childers, 23, and Joseph Harris,… Read More

Crypto Entrepreneurs Mount China’s Rich List

Fourteen cryptocurrency million- and billionaires have made their way onto a list of China’s richest individuals for the first time, says Bitcoin.com. Perhaps predictably, at the very top of “The 2018 Lexus Lexus Huron Rich List,” in spots one to three, appear the entrepreneurs behind… Read More

American Association of Retired Persons Posts List of Financial Terms for Seniors, Pans Bitcoin

Conversations about personal finance at family gatherings may soon get a bit nuanced thanks to an oft humorous glossary of “Wall Street buzzwords” mounted online this week by the American Association of Retired Persons (AARP). “Baffled by buzzwords bandied about by high-finance big shots? Cut… Read More

South Korean Government Reps Reaffirm Anti-ICO Stance

South Korean Finance Minister, Yong-Joo Park told auditors from the Finance Committee of the Yeouido National Assembly in Seoul this morning that ICOs (initial coin offerings) pose undue risks to investors and should not be equated with blockchain, Yonhap News reports. “The government does not… Read More

Hacked Japanese Crypto Exchange Zaif Acquired, Says it Will Compensate Users Though No Date Set

Japanese cryptocurrency exchange Zaif has announced that its acquisition by “investment support services” firm FISCO has been finalized and says it will compensate users affected by a $60 million dollar hack that occurred September 14th: “On 10 October, the Company concluded the business of our virtual currency… Read More

Princeton Researchers: Chinese Mining Concentration a Genuine Threat to Bitcoin Network Security

Five of the world’s six largest Bitcoin mining firms operate under Chinese jurisdiction, a fact that, among other factors, could seriously compromise the security of the network, researchers at Princeton claim in a new report. The report, “The Looming Threat of China: An Analysis of… Read More

Effective Immediately: Venezuelan Passports Must Be Purchased with El Petro Cryptocurrency; New Migratory Police Force Established

In the midst of a migratory crisis seeing more than 5000 people leaving Venezuela per day, Venezuelan vice-president Delcy Rodriguez announced that, effective immediately, passports in Venezuela must be paid for using the government’s controversial new cryptocurrency, El Petro, at a cost-equivalence of four month’s wages,… Read More

Juniper Research Warns Crypto Markets “On the Brink of Implosion”

Results of a recent comprehensive report on cryptocurrency markets have led researchers at the digitech markets intelligence firm Juniper Research to the conclusion that crypto markets are “on the brink of implosion.” Bitcoinist.com obtained a copy of the report (which sells for £1250) and relayed findings from Juniper… Read More

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