Cali Haan

Shake Up in “Laxly-Controlled” German ICO Sector as Securities Regulator Halts “Rise” ICO

Rise, a German company marketing a forthcoming initial coin offering (ICO) with a campaign featuring a “democratize prosperity” slogan and a video of a homeless man driving a Lamborghini, has had its “virtual IPO” (ICO) scuttled by Germany’s Federal Supervisory Authority (Bafin), Handelsblatt reports. The… Read More

Another Crypto Scam Busted in India

Police in India have arrested four and are seeking a fifth suspect whom they believe used a cryptocurrency scam to steal 1 billion rupees (nearly $14 million) from investors in Mumbai, Surat, Gujarat, and Uttar Pradesh, Times of India reports. The men, Sanjay Sontakke, 44; Rajnikant Kumavat, 46; Alpesh… Read More

Thai Investors Say They Were Defrauded of $1.34 Million in Bitcoin Mining Scam

30 investors in Thailand who say they were defrauded of 42 million baht ($1.34 million USD) by the owner of a Bitcoin mining scheme formally complained Monday to the Thai Technology Crime Suppression Division, The Bangkok Post reports. Police say a total of 140 investors have now… Read More

Europol Hosts 3rd Global Conference on Criminal Finances and Cryptocurrencies

Europol, Interpol and the Basel Institute on Governance will host the 3rd annual Global Conference on Criminal Finances and Cryptocurrencies in the Hague, Netherlands, March 6th and 7th. This year’s conference will be distinct from previous ones, says Europol, in that focus will be placed on… Read More

SEC Adds More Specificity in Latest Initial Coin Offering (ICO) Warning to the Public

In addition to its standard warnings about the generalized risks of ICO-investing and advice to interested ICO issuers that they read the SEC’s 2017 21(a) report, the agency’s latest guide to ICOs (initial coin offerings) gets more specific about the “fraud and manipulation” risks posed… Read More

FBI: More Crypto Tokens, More Scams. Buyer Beware

Netherlands-based payments news outlet The Paypers has published an interview with an unnamed investigator from the FBI (Federal Bureau of Investigation), America’s domestic intelligence and security agency, in which the agent suggested a direct correlation between the number of ERC-20 tokens in circulation and the number of… Read More

Eight “Cryptojacking” Apps Removed from Microsoft Store

Eight “potentially unwanted applications” (PUAs) identified by cybersecurity researchers at Symantec have been now been removed from the Microsoft Store. The eight fake apps -Fast-search Lite, Battery Optimizer (Tutorials), VPN Browsers+, Downloader for YouTube Videos, Clean Master+ (Tutorials), FastTube, Findoo Browser 2019, and Findoo Mobile… Read More

Following Account Closures, Brazilian Crypto Exchange Accuses Brandesco Bank of Anti-Competitive Practices

Brazilian cryptocurrency exchange Bitblue has received a notice from Bradesco bank stating that the bank will close all Bitblue-associated accounts on February 26th, Portal do Bitcoin reports. Bitblue, for its part, with the assistance of The Brazilian Association of Crypto and Blockchain (ABCB), has asked the… Read More

Beware the Ransomware-Laden Romantic Email

Be careful: that romantic email from an unknown suitor could end up grabbing your data. So say cybersecurity researchers at the Mimecast Threat Labs, who warned the public this week that random emails offering gifts, flowers or other friendly gestures may contain infectious links designed… Read More

Hacker Now Selling 747 Million People’s Data on Dark Net, Including Data of 450 000 Coinmama Crypto Exchange Users

A hacker that posted 620 million individual’s data for sale earlier this week on the Dark Net marketplace “Dream Market” has now added the private data of an additional 127 million people, including 450 000 users of the Israel-based crypto exchange, Coinmama, TechCrunch reports. The… Read More

Citing Low and Volatile Crypto Prices, Argo “Temporarily” Drops Cloud Mining Program

Due to “challenging conditions” in crypto markets, Argo Blockchain (LSE:ARB), a cryptomining firm that went public in the UK last year, is no longer accepting new customers for its “mining-as-a-service” program (also known as “cloud mining”), and will terminate all contracts as of April 1,… Read More

“Are Investors Delusional?”: 93% of Ethereum dApps Show No Transactions

An article by a reporter at Bitcoinist has revealed that 93% of “dApps” (decentralized applications) built to run on the Ethereum crypto network had no transactions on the day they were examined. User rates were slightly better, at 86%, but without transactions, it seems likely… Read More

HSBC Says Its New DLT System for Forex Trades 25% Faster

An executive at HSBC has claimed the global bank’s new distributed ledger system for settling Forex trades is 25% more efficient than previous systems, Reuters reports. The system, HSBC FX Everywhere, is reportedly handling 3500-5000 foreign currency trades per day, though HSBC would not confirm what… Read More

Reality Shares Fiat and Bitcoin Futures ETF Filing Withdrawn After One Day at SEC’s Request

Exchange-traded fund provider Reality Shares has withdrawn its application to have its proposed “Reality Shares Blockforce Global Currency Strategy ETF” approved by the SEC- one day after the request was initially filed, Bitcoin.com reports. According to the “request for withdrawal,” the demand was made at… Read More

Crypto Miners Return to Sichuan Province for Cheap Hydro During Rainy Season

After many were forced out and ruined by floods last year, tenacious crypto miners are nonetheless poised to (re)establish operations in the mountainous Chinese province of Sichuan. They plan to do so just ahead of May to October’s rainy season when the price of electricity… Read More

Indonesia Requiring Crypto Futures Brokers to Maintain Minimum Deposits of $71.17 Million

Regulators from the Indonesian Commodity Futures Trading Agency, Bappebti, have passed a law requiring individuals and firms brokering cryptocurrency futures products to maintain minimum balances of 1 trillion rupiahs ($71.17 million). According to Reuters, the rule has been implemented, “To encourage trade and protect customers.” The requirement,… Read More

Monero Crypto Network Plans Fork to Buck ASIC Miners Once and For All

Fork

Developers of the privacy-cryptocurrency Monero have announced they’ll be “forking” (making code changes to) their network, changes that will reportedly make it impossible for “miners” using powerful ASIC-chip-laden machinery to process transactions on the network, Blockchain Reporter states. The change, which is scheduled to take… Read More

Turkey Arrests 24 Accused of Robbing Cryptocurrencies

A “nationwide simultaneous operation” executed in 8 Turkish provinces has netted 24 individuals accused of conspiring to rob 13 million Turkish liras ($2.47 million) from “a cryptocurrency company” in Istanbul, The Daily Sabah reports. After receiving a complaint from the targeted business, law enforcement officers at… Read More

Israeli NGO Threatens to Sue Coinbase for Hosting Hamas Crypto Account

A civil rights organization in Israel has reportedly written to American crypto exchange Coinbase to advise them that, “…knowingly providing material support or resources to Hamas is a violation of US federal criminal law…” The Jerusalem Post reports. The Israeli newspaper Globes reported last week that an Isreali… Read More

Hackers Inexplicably Destroy Confidential VFEmail Service- No Ransom Demanded

In a “complex ‘hack and destroy’ assault,” hackers have dealt a catastrophic blow “privacy-focused” email provider VFEmail. According to Bleeping Computer: “The hackers did not leave a ransom note and, given the extent of the destruction, the service will most likely go offline to never… Read More

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