July 27, 2019 @ 2:52 pm By Cali Haan  |  

Another alleged principle promoter of the failed $4 billion USD Bitconnect cryptocurrency Ponzi (now attempting resurrection) has been arrested in India, India Times reports. Rakesh Savani was arrested in the coast city of Sujat in northwest India last Friday. Authorities have also seized property and… Read More

July 27, 2019 @ 11:56 am By Cali Haan  |  

Earlier this month, SGX, “a full-service equities, fixed income, derivatives, commodities, and foreign currency exchange,” welcomed 1exchange, the country’s first licensed private securities exchange for accredited investors. According to Investopedia, SGX formed when the Singapore Stock Exchange, the Singapore International Monetary Exchange and Securities Clearing… Read More

July 27, 2019 @ 7:44 am By Cali Haan  |  

An Irish citizen accused in the United States of conspiring to distribute narcotics while working for the Dark Net illicit marketplace Silk Road has been sentenced to six years’ (78 months) imprisonment in the State of New York as well as 3 years’ of supervised… Read More

July 26, 2019 @ 5:24 pm By Cali Haan  |  

William Green, 46, of Wall Township, New Jersey, has been indicted in the state  for allegedly, “operating an unlicensed money transmitting business through which he charged customers fees to convert more than $2 million in cash into the digital currency Bitcoin.” The indictment follows a criminal complaint… Read More

July 26, 2019 @ 3:23 am By Cali Haan  |  

The father, Bjørn Kjos, 73, is a wealthy airline industrialist in Norway and co-owner of Norwegian Air Shuttle, the largest airline in Scandinavia. Son, Lars Ola Kjos, 41, reportedly invested millions in Bitcoins last year and is now very crypto rich. Son-in-law Stig A. Kjos-Mathisen, 37,… Read More

July 26, 2019 @ 2:20 am By Cali Haan  |  

Justin Sun, founder of the cryptocurrency network TRON (known as ‘Wave Field’ in China), has apologized on Chinese social media for “vulgar” and “out of control” marketing of his lunch with famous value investor Warren Buffet, Bloomberg reports. “(I) would like to express my sincere… Read More

July 26, 2019 @ 1:13 am By Cali Haan  |  

On July 16, David Marcus, CEO of Facebook’s proposed currency project, Libra, told members of the U.S. Senate convened in a hearing that he expected the Swiss Federal Data Protection and Information Commissioner (FDPIC) to regulate financial privacy on Libra. The non-profit Libra Association is… Read More

July 25, 2019 @ 11:34 pm By Cali Haan  |  

A popular Dark Net market site called Nightmare has suffered a hack and is currently “under maintenance”- a common sign that a crypto-friendly underground site’s admins may be pulling exit scam, DarkNetStats reports. Nightmare administrators are insisting that users will have full access to their… Read More

July 25, 2019 @ 11:11 pm By Cali Haan  |  

Russian crypto media outlet Crypto.pro is reporting that Russian machinists and parliamentarians involved in weapons production and sales have advised Russian central bankers to develop a “stablecoin” cryptocurrency to allow Russia to sell weapons and military equipment to foreign customers without being encumbered by international… Read More

July 25, 2019 @ 11:09 pm By Cali Haan  |  

Palestine’s new Prime Minister, Mohammad Shtayyeh, says his government is developing a “digital and encrypted currency” to help it surmount economic obstacles imposed by Israel. “We are going to go to the digital and encrypted currency, and we will be the pioneers of everything. The occupation can… Read More

July 25, 2019 @ 8:51 am By Cali Haan  |  

Facebook has added the services of two lobbying firms specializing in financial services to its squad of existing lobbyists to try and curry favour for Libra, Facebook’s proposed cryptocurrency project, among regulators in Washington, Politico reports. According to to the outlet: “Facebook has also been… Read More

July 25, 2019 @ 7:44 am By Cali Haan  |  

The New York Times’ Research & Development team is trialing IBM’s Hyperledger Fabric permissioned DLT (distributed ledger technology) system to help ensure the progeny of photographs distributed across digital platforms, where the risks of fake news and photo doctoring are manifold. “The New York Times… Read More

July 24, 2019 @ 10:26 pm By Cali Haan  |  

One year ago, former NYDFS (New York Department of Financial Services) Superintendent Maria T Vullo, issued a statement in which she said her organization, which regulate New York financial markets, “fiercely opposes the Department of Treasury’s endorsement of regulatory ‘sandboxes’ for financial technology companies.” Vullo’s strong… Read More

July 24, 2019 @ 5:00 pm By Cali Haan  |  

U.S. Treasury Secretary Steve Mnuchin told an interviewer at CNBC’s Squawk Box July 24th that he, “won’t be talking about Bitcoin in 10 years. I can assure you that.” “But you might be talking about it in six years…as Treasury Secretary, ” said the interviewer…. Read More

July 24, 2019 @ 7:26 am By Cali Haan  |  

Solomon’s Independent Financial Advisers founder, Dominic Thomas, has told FT Adviser that he received a fake “FCA-endorsed” crypto scam email five times over the weekend before finally going on Twitter to warn the regulator. The FCA (Financial Conduct Authority) oversees UK capital markets, and has been… Read More

July 23, 2019 @ 11:26 pm By Cali Haan  |  

The team behind a “fork” or code copy of Bitcoin called “Bitcoin Hyper” claims their network is the “world’s fastest Bitcoin” and has vastly improved upon transaction times provided by standard Bitcoin and other crypto networks: “Bitcoin Hyper is a speed enhanced version of Bitcoin…Whether… Read More

July 23, 2019 @ 10:24 pm By Cali Haan  |  

Update: TRON founder Justin Sun posted a tweet July 23rd showing himself un-detained in his apartment overlooking the Bay Bridge in San Francisco, and the price of TRON has now recovered about 8% since this article was originally penned. We flies on the wall will… Read More

July 23, 2019 @ 6:18 pm By Cali Haan  |  

Boston-based multi-platform cryptocurrency services and investment firm Circle has obtained a license to provide payment, custody, exchange, trading and other financial services involving cryptocurrencies in Bermuda. The company says its Bermuda operation will serve non-US Poloniex exchange customers. It also said it, “expect(s) to offer many new… Read More

July 23, 2019 @ 7:30 am By Cali Haan  |  

Bitfinex, iFinex, and Tether, cryptocurrency companies defending themselves against fraud allegations in New York, are claiming that the New York Office of the Attorney General (OAG) has failed to substantiate claims the companies facilitated trades for New York residents without being licensed to do so…. Read More

July 23, 2019 @ 2:25 am By Cali Haan  |  

SWIFT, the company behind the world’s largest electronic payments system, has executed cross-border payments between 7 corresponding countries -Australia, China, Canada, Luxembourg, The Netherlands, Singapore and Thailand- and Singapore, in less than 25 seconds. The trial integrated SWIFT’s gpi Instant network and Singapore’s domestic instant… Read More