Cali Haan

Venezuelan Government Phasing Out Bolivar for “Sovereign” Pegged to “Petro” Cryptocurrency

The Venezuelan government plans to issue a new paper currency called ‘the sovereign’ next Monday, August 20th, and the new currency will be pegged to that nation’s new cryptocurrency, ‘el petro.’ The latest news comes on the heels of a story CI reported yesterday about… Read More

“Carnage.” Crypto Markets Descend 70-90% Below All Time Highs

Cryptocurrency markets have corrected to the upside slightly today, with Bitcoin up about 5% at the time of writing, and Ethereum up about 8%, but memories of yesterday’s steep price declines are still fresh and traders and holders dizzy. According to CCN, in the first… Read More

Class Action Claiming Ripple Sold Unregistered Securities Will Be Tried in US Federal Court

A motion by plaintiffs in a class action suit against Ripple Labs to keep the case in California courts was denied this week by a judge. The case will now move to federal court. Lawyers for class action plaintiff Ryan Coffey filed the suit against… Read More

El Petro: Venezuela Seeking to Amend Constitution to Set Up Crypto Central Bank

Reuters is reporting that the Government of Venezuela is seeking to amend the 1999 version of the country’s constitution so it can set up a special central bank to manage the country’s new national cryptocurrency, El Petro. According to a loose translation, National Constitutional Assembly Member… Read More

New Maersk-IBM Blockchain Omnibus for Shipping “Not Really a Blockchain” Say Critics

Prominent Bitcoin developers Rodolfo Novak and Giacomo Zucco have reponded derisively to news that IBM and Maersk have launched a blockchain initiative for the efficient management of global shipping supply chains. It’s not really blockchain, they say. According to an article in Forbes, after, “quietly orchestrating… Read More

CEO of Crypto Exchange Binance Denies He Asked $2.5 Million to List Coin; Accuser Calls Him “Liar”

The CEO of one of the world’s fastest-growing cryptocurrency exchanges, Binance, has shot back against an accuser on Twitter who claimed last week that Binance asked for 400 bitcoins (worth about $2.5 million USD) to list a small coin on the exchange. The accusations were… Read More

Report: Global Crypto Industry, “Not Ready to Defend Itself and Protect its Users”

A new report from Group-IB, a computer forensics and information security company with offices in Moscow, London, New York and Dubai claims to have identified an almost four-fold increase in “compromised (customer) login data” at global cryptocurrency exchanges this year. The company also found that… Read More

Saudi Monetary Authority Prohibits “Unauthorized Virtual Currencies”

Citing “negative consequences,” “high risks,” and a lack of “government supervision,” the Saudi Standing Committee for Awareness on Dealing in Unauthorized Securities Activities in FOREX Markets has officially declared, “Unauthorized virtual currencies…illegal inside the Kingdom of Saudi Arabia.” The announcement came August 12th in the… Read More

Twitter CryptoScam Orchestrator Claims Raking in $50-100K a Day

A well-known Quebec-based “cryptoevangelist” and YouTuber called Adam Guerbuez claims that an “ethereum giveaway” scammer soliciting via a bot on Twitter has claimed he or she is skimming up to $100 ooo in Ether (ETH) from “mooches” (targets) per day. The story is related in… Read More

Inspection of Japan Crypto Exchanges Reveals Loose Business Practices

Onsite inspections of 16 licensed cryptocurrency exchanges and 7 with licenses pending in Japan has revealed generally loose business practices and controls, according to a report released last Friday by the Japanese Financial Services Agency (FSA). The inspections were conducted by the FSA in cooperation with… Read More

African States Largely Paralyzed About How to Regulate Crypto, Says New Report

A new report from Togo-based Ecobank says that, like regulators elsewhere, African regulators are confused about technical, political, and economic ramifications of cryptocurrencies and are largely taking a “wait-and-see” approach to regulating crypto sectors and activity there. The report, “Cryptocurrency Regulation in Africa,” published August… Read More

Small New York State Town Imposes Moratorium on Crypto Mining

The Common Council of Salamanca, a small town south of Buffalo, New York, voted unanimously this week to impose a moratorium on cryptocurrency mining in the city’s “electric service area.” According to The Salamanca Press, the moratorium will, “temporarily stop applications or proceedings, or the issuance… Read More

ICO Founder Claims Binance Crypto Exchange Asked $2.5 Million to List Token

The Twitterverse was aflutter over the past two days after the founder of a forked version of Ethereum called “Expanse” claimed the Binance crypto exchange asked him to pay 400 bitcoins (worth about $2.5 million) to list his crypto token there. Subsequent tweets by Franko… Read More

Hackers Lock Up PGA Promo Files, Demand Ransom in Bitcoin

Hackers with poor spelling annoyed one of the world’s largest golf promoters this week by seizing some relatively benign files and demanding a bitcoin ransom for their return, Golfweek reports. On Tuesday, staff at the Professional Golfer’s Association of America  (PGA) tried to access computer… Read More

Australian Firms Sign Solar Power Crypto Mining Deal

Australian solar energy provider Hadouken Pty has agreed to power what may become “Australia’s first behind the grid” solar-energy data and crypto-mining centre, IT Brief reports. The new centre will be located in the town of Collie, located in the Southwestern most tip of Australia, and will be… Read More

Trading Bitcoin Is Easy, Yale Economists Say

The best time to buy Bitcoin, according to Yale economists Yukon Liu and Aleh Tsyvinski, is when the price goes up 20% in a week, The Independent reports. This is because of strong momentum factors, say the researchers: “Specifically, we determine that there is a strong… Read More

Warning: Dark Web Now Vending Bitcoin ATM Malware

Dark Web vendors are now selling malware for the exploitation of Bitcoin ATMs, cybersecurity firm TrendMicro reports. Investigators at TrendMicro division TrendLabs found recently that an apparently well-regarded hacker experienced in regular ATM malware exploits is now selling a malware package for attacking Bitcoin ATMs. TrendLabs… Read More

Small Russian Newspaper Fined for Crypto Ad

Russian independent news publication Interfax has reported that the owner of a small newspaper in Tatarstan, a state in the Russian southwest, has been fined for carrying a cryptocurrency mining and investment advertisement. The Eleventh Arbitration Court of Appeal confirmed a prior decision to fine Unity Nizhnekamsk… Read More

Tezos Class Action Suit Will Proceed with Crypto Investor Tim Draper and Bitcoin Suisse Exempted

Two defendants in a class action suit against the beleaguered but rich blockchain project Tezos have been exempted by a judge, though the case will proceed against the Tezos Foundation and DLS. The decision by California Northern District Judge Richard Seeborg was filed yesterday in… Read More

New Accenture CyberSecurity Report Predicts Escalation of Iranian Malware Attacks

The latest cybersecurity report from Accenture says that, “nation-state-sponsored cyberattacks (emanating from Iran have) grown, and this is likely to continue.” The report also claims that Iranian hackers are becoming more adept at cyberattacks involving cryptocurrencies, including mining malware attacks (where hackers create “botnets” of… Read More