Cali Haan

Following Controversial Debate, Crypto Skeptic Nouriel Roubini Levels Serious Allegations Against BitMEX Exchange

On the heels of a controversial debate held recently in Taipei, crypto skeptic and NYU Professor Nouriel Roubini has written an article, “The Great Crypto Heist,” to come back again against, “Some of the biggest crypto players…openly involved in systematic illegality.” Roubini singles out Hong Kong-headquartered… Read More

Pocketinns Accused of Selling Unlicensed Securities, INNS Tokens, in New Jersey

Attorney General of New Jersey and the Chief of the New Jersey Bureau of Securities have filed a civil action complaint against Sarvajnya G . Mada (“Mada”) and Pocketinns, Inc., accusing them of selling, “approximately $410,000 of unregistered securities to 217 investors in violation of…New Jersey… Read More

Report: Moscow Math Major Will Wash Trade Your Crypto Token for $6000

A young student at Moscow State University, Alexey Andryunin, and his unnamed partner, have come up with a lucrative sideline that has made them much less interested in their studies: the wash trading of crypto tokens to make it look like there’s a market for… Read More

Embattled Vancouver Blockchain Consultancy, Vanbex, Targeted in Additional Lawsuit

Vanbex, a Vancouver-based “blockchain consultancy” now contending with a formal fraud investigation and civil forfeiture actions, has been slapped with a civil lawsuit by a former employee. According to Business Vancouver, lawyer Blair Hogg filed documents naming Vanbex Group Group, Inc., Vanbex Labs, Inc.  Vanbex… Read More

Hackers Sell Bitcoins Stolen from Binance…on Binance

Binance, a major cryptocurrency exchange that suffered a $44 million USD hack in May, recently processed some of the Bitcoins stolen from it on behalf of the hackers, digital currency Regtech firm Coinfirm reports. According to data Coinfirm furnished to Coindesk, hackers have been moving… Read More

Are You Still HODLing? “CZ Binance” Says Bitcoin Volatility Likely to Increase as More Exchanges Add Margin Trading

Bitcoin’s recent rollercoaster ride, involving multiple thousand-dollar fluctuations between $9000 and $14 000 USD within very short time frames (sometimes less than 2 hours) is being brought about by an increase in leverage available at exchanges, “CZ Binance” told Bloomberg recently. Changpeng Zhao or “CZ”… Read More

Report: JP Morgan’s Jamie Dimon Not Concerned About Facebook’s Libra

Jamie Dimon, CEO of JP Morgan Chase, one of the world’s largest banks, told analysts in a conference call this week not to “spend too much time” considering Libra, Facebook’s proposed global currency system, CNBC reports. “To put it in perspective, we’ve been talking about… Read More

Breaking Down What’s Wrong with Rep McCarthy’s Blockchain Panacea Claims

House minority leader and a Republican Congressperson from California Kevin McCarthy repeats appealing claims in his New York Times missive espousing the virtues of blockchain, “Don’t Count on Government to Protect Your Privacy: Let’s look to technologies like blockchain and other innovations to keep our… Read More

CSA, Canada’s Securities Administrator, May Regulate Crypto Exchanges

In keeping with its Business Plan 2019-2022, the Canadian Securities Administrators (CSA) may, “adapt the current regulatory framework to address the unique challenges brought by crypto-assets that fall under the CSA jurisdiction.” At present, “There are currently no platforms facilitating…trading of crypto-assets that are regulated as… Read More

Open-Source Exploit: Private Keys in MyDashWallet Exposed for Two Months- Users Should Move Funds Immediately

The private keys of Dash crypto coins being held in online software “hot wallet” called MyDashWallet have been exposed to hackers for two months, and anyone using the wallet should immediately move funds out. A “hot wallet” is any cryptocurrency software “wallet” connected to the… Read More

Leverage Moving the Needle on Bitcoin, Not New Money, Traders Say

Several professional cryptocurrency traders are claiming that leverage and “whales” are behind Bitcoin’s recent massive price fluctuations and not coveted “new money.” According to Jeff Dorman, chief investment officer at ArcaFunds: “The Bitcoin price ascent from $4k-$10k was based on a confluence of real factors (depreciating… Read More

Treasury Secretary Mnuchin Holds Surprise Press Conference on US Government’s Stance on Cryptocurrencies and Facebook’s Libra

US Treasury Secretary Steven Mnuchin called a surprise press conference this afternoon in Washington DC to state that Facebook and all other providers of “digital financial services” must observe the same financial integrity regimes as banks. Mnuchin called illicit use of cryptocurrencies “a national security issue”… Read More

BitFunder and WeExchange CEO, Jon Montroll, Sentenced to 14 Months for Fraud and Obstruction of Justice

Jon Montroll, operator of two online crypto investment schemes, WeExchange Australia and BitFunder, has been sentenced to 14 months in prison for fraud and obstruction of justice. Montroll, 38, of Saginaw, Texas, has also been ordered to pay restitution of $167, 480 USD and will… Read More

Adios, Amigo: Proposed $500 Million Bitmain Cryptomining Facility Dormant in Texas

Development of “the largest data centre in the world,” in Rockdale, Texas, has slowed to a halt less than a year after the facility was announced by Bitmain, the world’s largest cryptomining firm, Wired reports. During the course of courting officials in the region, Bitmain… Read More

110 Crypto Trading Platforms Seeking Licenses in Japan, Down From 160

More than a hundred proposed “crypto asset” exchange projects are seeking permission to operate in Japan, according to information furnished to Bitcoin.com by an official from Japan’s financial market regulator, the Financial Services Authority (FSA). “The number of crypto asset exchange service providers which have… Read More

Report: Adversaries Building Commerce “Pipelines” to Undermine US Dollar Dominance

Two researchers at The Foundation for Defense of Democracies (FDD) have produced a comprehensive report on Russia, Venezuela, Iran and China’s efforts to create or exploit alternative payment systems that would allow them to circumvent the US dollar as a means of enforcing American foreign… Read More

Professors: Swift and Proper Regulation of Facebook’s Libra Payments System Critical

Law professors from the University of Luxembourg, the University of New South Wales and the University of Hong Kong have produced a 29-page paper designed to assist lawmakers in what should continue to be their swift and serious response to Libra, the global payment system now… Read More

Massachusetts Issues Cease and Desist Order Against Florida Woman, 62, Participating in Multi-State Crypto Fraud Scheme

The Massachusetts Securities Division of the Office of the Secretary of the Commonwealth Enforcement Section is seeking orders to force a 62-year-old woman in Florida to cease perpetuating a fraudulent cryptocurrency scheme operating in at least 6 American states. The agency is also asking that… Read More

“Hybrid Decentralized Exchange” IDEX Delists Bitfinex’s LEO Token

IDEX, a “DEX” (decentralized exchange) registered in Panama and billing itself on Twitter as the “Number 1 Hybrid DEX on Ethereum,” has announced it is delisting LEO, a controversial exchange token created by Bitfinex. Bitfinex, it’s parent company iFinex and fellow subsidiary company Tether have… Read More

Winklevoss Twins Want to Friend Facebook’s Libra Coin

Tyler and Cameron Winklevoss, who once famously sued Mark Zuckerberg alleging he stole the idea for Facebook from them, want to bury the hatchet once and for all and friend up with Libra, Facebook’s venture into crypto. There’s money to be made after all. The… Read More

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