Cali Haan

African Countries Most At Risk of Ransomware and Cryptomining Attacks

Microsoft has found that ransomware and cryptomining hackers are finding the most success in Ethiopia, Cameroon, Tanzania and Zambia, while the UAE, South Africa and Namibia have proven themselves as the most secure nations in Africa and the Middle East when it comes to repelling cryptocurrency-motivated… Read More

Israeli Accused of Stealing $2 Million in Crypto From Friend and Mentor

An Israeli named Afik Wore has been indicted for allegedly stealing 6.2 million shekels ($1.7 million USD) worth of cryptocurrency from a friend who taught him how to trade it, News 1 reports. According to the outlet, Eliat resident Alexei Yaromenko, a cryptocurrency trader since 2013,… Read More

Expose of White Paper Writers Shows Dismal Integrity in Initial Coin Offering (ICO) Promotions

“Money must be made,” says white paper writer Adefemi Yusuff Adegoke. And though Adegoke won’t allow his name to go on a “crappy” project, he and other writers are willing to generate the compelling white paper used to attract investors nonetheless. That these papers often… Read More

Japan Regulator Conducts Flash Inspections at Huobi and Zaif/Fisco Crypto Trading Facilities

The Japanese agency responsible for overseeing the country’s banking, insurance and securities sectors conducted flash on-site inspections last week at local offices of the Huobi cryptocurrency exchange and at the FISCO Virtual Currency Exchange (formerly Zaif), Reuters Japan reports. Regulators from the Financial Services Agency… Read More

Friend: Deceased QuadrigaCX Founder Feared Kidnapping

Adam O’Brien, a friend and former colleague of deceased QuadrigaCX founder Gerald Cotten, told Canadian media outlet Global News this week that Cotten talked casually about being kidnapped for the vast fortune he controlled: “Gerry was holding, we know, over $100 million, almost $200 million… Read More

Indiana Family Worried About Bitcoin-Rich Seasteader Wanted by Thai Authorities

Relatives of Chad Elwartowski, a “pure libertarian” wanted by the Thai government for setting up a “seasteading” platform on an abandoned oil rig within the country’s waters say they are concerned about his well-being. Elwartowski’s sister, Delynne Elwartowski, told the Detroit Free Press that her… Read More

Indian Regulators May Exclude Cryptocurrency and Crypto Asset Start Ups from Regulatory Sandbox Program

The Reserve Bank of India’s (RBIs) Draft Enabling Framework for its Regulatory Sandbox program shows that cryptocurrency and crypto asset startups may be excluded from participating in the program. According to the document, the RBI established an inter-regulatory Working Group (WG) in July 2016, “to… Read More

UBS Tech Analyst: If It’s Like Other Bubbles, Bitcoin Could Take 22 Years to Recover

Numerous cryptocurrency commentators, most of whom are “bag holders” themselves, have been fond of announcing in the press and on social media the inevitable and imminent outsize ballooning of the price of Bitcoin. This phenomenon was particularly common during Bitcoin’s parabolic run up at the… Read More

New York State Financial Services Regulator Respond to Crypto Exchange Bittrex’s Claims of Unfairness

The Executive Deputy Superintendent for Banking at the New York State Department of Financial Services (NYDFS) has taken to the media to respond to claims from the Bittrex crypto trading platform that it was treated unfairly when denied a license to do business in the… Read More

FinCEN Fines and Bars Independent Cryptocurrency Exchanger

The Financial Crimes Enforcement Network (FinCEN), part of the US Department of Treasury, has fined the operator of a peer-to-peer cryptocurrency trading service $35,350 USD and barred him from money-transmitting, “for willfully violating the Bank Secrecy Act’s (BSA) registration, program, and reporting requirements.” In a release… Read More

Source: Japan Upping Internal Oversight Requirements Regarding “Cold Storage” at Crypto Exchanges

The recent loss of $190 million CAD by the now-defunct Canadian cryptocurrency exchange QuadrigaCX appears to have alerted regulators across the globe to additional complexities affecting the safe storage of cryptocurrencies at relevant businesses. Quadriga has claimed it lost access to the funds following the… Read More

Bitcoin-Funded Seasteading Project in Thailand Sparks National Security Incident

A libertarian “seasteading” venture launched by a Bitcoin-rich American and his Thai wife off the coast of Phuket has induced a national security response from the Thai Navy, Bangkok Post reports. Chad Andrew Elwartowski and Supranee Thepdet (aka “Nadia Summergirl”) have reportedly established “a living… Read More

Winklevosses and Shrem, Early Bitcoiners, Settle Old Score

The Winklevoss twins have reached a settlement with Charlie Shrem in the case they brought against him last November claiming he stole $61 000 USD of their funds and used them to buy 5000 Bitcoins in 2012. While details of the settlement are not publicly… Read More

In New Jersey’s Largest Ever Pill Bust, Three Men Accused of Laundering $2.3 Million Using Bitcoins

Three New Jersey men have been indicted in what the New York District Attorney claims is the largest seizure of illicit pills ever executed in New Jersey State. The accused, Chester Anderson, 44, Jarrette Codd, 41, and Ronald McCarty, 51, allegedly ran drug “store fronts”… Read More

As Founder Plagued by Lawsuits, “Blockchain Phone” Maker Sirin Labs Lays Off Staff

Sirin Labs, a “blockchain smartphone” company that raised $255 million in two ICOs, has confirmed it is laying off employees, Israeli news outlet Globes reports. Contrary to media reports of larger numbers let go, Sirin Labs says it is only laying off 15 of 60… Read More

Romanian Central Banker: Cryptocurrencies Cannot Replace State Currencies, Europe Must Strengthen Capital Markets

Daniel Daianu, a member of the Romanian National Bank (BNR)’s Administration Council, told attendees at a conference this week that cryptocurrencies are in fact, “financial assets” that cannot be used as central bank currencies, Business Review reports: “In my opinion, these are financial assets, not… Read More

Ohio Crypto Tax Portal Has Few Takers So Far

Entrepreneurs and politicians in the American state of Ohio have embarked on several initiatives they hope will establish Ohio as a haven for businesses engaging with cryptocurrencies and cryptographic tokens. In December 2018, Ohio Congressman Warren Davidson and Florida Congressman Darren Soto introduced a bill into the… Read More

Tokensoft Digital Token Platform Sued for Alleged Gender and Age Discrimination

Gavel Court Legal Trial Law rawpixel unsplash

Tokensoft, “a technology platform for compliant issuance of digital securities,” is being sued in California for alleged discrimination against a mature female employee. According to the complaint filed with the Superior Court of California, County of San Francisco, plaintiff Monette Stevens, 55, claims she was… Read More

EY Unveils Second Generation Blockchain Auditing Tool: “Blockchain Analyzer”

Global consulting firm EY released a suite of blockchain software products this week, including a first-generation “private transaction protocol,” a “smart contract analyzer” and a “blockchain analyzer” that firms can use to reconcile transaction data obtained from multiple cryptographic ledgers. The EY Blockchain Analyzer can… Read More

Feeling the Heat: Bitcoin Mining Adversely Impacting Iceland Terrain, Environmentalists Say

Cheap hydroelectric and geothermal power, cooler temperatures and a relatively stable business environment have drawn droves of cryptocurrency mining firms to Iceland over the past few years. Abandoned industrial sites, fish factories, and even barns have been commandeered for the mining of Bitcoins and other… Read More

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