Cali Haan

Japan Prosecutors Seeking 10 Years Imprisonment for Disgraced Mt Gox Bitcoin Exchange CEO, Mark Karpeles

Prosecutors in Japan today asked the courts to levy ten years imprisonment against Mark Karpeles, former CEO of Mt Gox, the largest early bitcoin exchange, Nikkei Asian Review reports. Mt Gox folded in 2014 after $423 million in bitcoins and $247 million in cash went… Read More

Prosecuted LocalBitcoins Seller Arrested for Alleged Fraud in “Bitcointopia” Nevada Land Scheme

About eight months ago, a man facing jail for allegedly taking more cash than is legally allowed in a Bitcoin transaction began heavily promoting a “Bitcointopia” project he’d conceived to develop in Nevada. Morgan Rockcoons, (also known as Nodefather, Morgan Rockwell, and Metaballo) posted relentless… Read More

London Cabbie Slings Bitcoins from the Backseat

A taxi driver in London is selling Bitcoins from the back of his cab, Decrypt Media reports. He’s not making a mint- he just enjoys it, he says: “I just enjoy having a go at it. I don’t feel I’m going to become a millionaire… Read More

Gibralter Fines WaveCrest Prepaid Crypto Card Company $315 000 for AML/CFT Failings

Gibralter, an, “Offshore tax haven…not exactly known for (its) punctiliousness in punishing companies offering below-board services,” has fined the pre-paid cryptocurrency card provider Wavecrest about $315 000 for “serious” problems with its anti-money laundering/anti-terrorist finance controls, Financial Times Alphaville (FTA) reports. According to FTA, WaveCrest…”once did big… Read More

CNBC Africa Crypto-Show Host, Ran Neuner, Accused of Promoting Fraud Project without Disclosing Own Investment- Threatens to Sue

Ran Neuner, a high profile South African promoter of cryptocurrencies and associated tech and the host of the very popular “Crypto Trader Show” on CNBC Africa was accused yesterday on Twitter of failing to disclose that he was an investor in a fraudulent “blockchain” project… Read More

Korean Parliament Holding Special and First Ever Session Today to Discuss Cryptocurrency Exchanges

Members of South Korea’s Democratic, Liberal-Democratic and Right Future Party will hold their first debate on the subject of cryptocurrency exchanges today in the Korean parliament, local media outlet Hani reports. Cryptocurrency exchanges have been operating in Korea since 2013 and exchanges there are some… Read More

Monero-Mining Malware Getting More Sophisticated, Researchers Say

A sophisticated actor, or actors, is presently using an “evolving” type of crypto-jacking software to infect private systems from Mexico to India to Norway to Israel, commandeering them for the mining of Monero, a popular “privacy cryptocurrency” difficult to trace. The malware, called “KingMiner,” has been… Read More

Another One Bites the Dust: ETCDEV Joins Growing List of Failed and Contracting Crypto Start Ups

ETCDEV, a startup leading the development of Ethereum Classic, is dead, Bloomberg reports. “There are a few things that happened at the same time. I am sure if that happened a year ago, that wouldn’t be a problem at all, a year ago there was a… Read More

Mormon Silk Road Dark Net Marketeer Tells All in New Book

A Mormon grandfather in Utah has just published a memoire detailing his involvement with and the subsequent take down of notorious Dark Net marketplace Silk Road, KSL reports. The book, called Silk Road Takedown, is a saga of drugs, faked beatings and corrupt officers that may… Read More

Six Months After Expanding, Bitmain Closes Israeli Development Centre

Poor prices and the “general decline” of crypto markets have claimed another casualty, Globes reports. This time it’s in Ra’anana, Israel, where a Bitmain development facility started in 2016 and expanded in July will be closed this week and 23 employees laid off. The facility’s… Read More

Chinese Crypto Miner Favouring “Financial” Over “Factory” Approach in Current Bear Market

At least one Chinese cryptocurrency miner is taking a creative financial approach to surviving “Crypto Winter” -the bear market currently punishing crypto prices to some of their lowest levels in over a year, 8BTC reports. Jin Xin, for example, “an ordinary Chinese miner,” is taking a… Read More

Israel Tax Authority Hunting Undeclared Crypto Profits

Over the past two weeks, the Israel Tax Authority has opened tax accounts for hundreds of Israelis it believes failed to report profits from cryptocurrency investing, Calcalist reports. The authority is also striking deals with Israeli crypto exchanges obliging them to report big transactions. Notices… Read More

Chinese Internet Court Claims It Will Use Blockchain to Protect Writers’ Intellectual Property

An “Internet court” in Hangzhou in Eastern China will soon allow evidence logged on blockchains (or distributed ledgers) to be admitted in cases of alleged infringement on a writer’s copyright, China.org reports. The Hangzhou court is one of three Internet courts recently established in China to… Read More

Brazilian Bitcambio Crypto Exchange Accidentally Sends $35 Million to Customer Withdrawing $129

After making a fairly routine request on the 10th of November to withdraw 500 reals ($129 USD) from his cryptocurrency exchange account at Bitcambio, Kaique Nunes wondered why the exchange was making so many repeated attempts to contact him. “Earlier last month, I issued some… Read More

Noted Columnist Discusses Contraction at ConsenSys, Ethereum’s Largest Consortium

Laura Shin, an independent journalist known for breaking an important story about deception by “blockchain” scions in Toronto, recently spoke to her former colleague at Forbes, Jeff Kauflin, on a podcast convened to discuss layoffs and business structure problems at ConsenSys, one of Ethereum’s biggest spin-off companies…. Read More

SEC Enforcement Co-Director Emphasizes Importance of International Cooperation to Combat ICO Fraud

Steven Peikin, Co-Director of the SEC’s Division of  Enforcement, told an audience at Harvard Law School this week that, given the increasingly cross-border nature of ICO and securities fundraising, “Collaboration with international regulators and law enforcement is critical to the SEC’s civil law enforcement success.”… Read More

SEC Shuts Down Unregistered CoinAlpha Crypto Fund

The SEC has settled with CoinAlpha Advisors LLC, a Delaware-registered, California-based company the Commission says sold a cryptocurrency investment fund product without registering with the SEC or qualifying for a securities exemption. According to the cease-and-desist order issued Friday, December 7th, CoinAlpha Advisors formed in… Read More

SEC Delays VanEck Bitcoin ETF Decision until February

The US Securities and Exchange Commission (SEC) has granted itself an additional 60 days to consider allowing a rule change that would permit the Cboe BZX exchange and VanEck to list a “SolidX Bitcoin ETF” stock. In so doing, the commission will take the full… Read More

Venezuela Plans to Sell Oil for Petro Virtual Currency in March

Venezuela will begin selling oil using its newly-created national cryptocurrency, El Petro, in March,”…in order to expand the modalities of commercial transactions and revenues…” state media outlet Telesur reports. Venezuela is also explicitly seeking a means of sidestepping escalating rounds of US, EU and Canada-imposed… Read More

US Congressmen Soto and Budd Submit Bipartisan Bill to Support Innovation and Counter Crypto Price Manipulation

Congressmen Darren Soto, a Democrat from Florida, and Ted Budd, a Republican from North Carolina, yesterday introduced two pieces of legislation into the American House of Representatives that they hope will support healthy cryptocurrency markets and innovation in the US. The bills target cryptocurrency price… Read More

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