July 15, 2019 @ 9:31 pm By Cali Haan  |  

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

July 15, 2019 @ 7:26 pm By Cali Haan  |  

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

July 13, 2019 @ 3:35 pm By Cali Haan  |  

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

July 13, 2019 @ 12:56 pm By Cali Haan  |  

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. While courting officials in the region, Bitmain representatives promised to… Read More

July 12, 2019 @ 4:55 pm By Cali Haan  |  

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

July 12, 2019 @ 10:12 am By Cali Haan  |  

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

July 12, 2019 @ 7:58 am By Cali Haan  |  

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

July 12, 2019 @ 7:14 am By Cali Haan  |  

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

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

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

July 11, 2019 @ 10:49 am By Cali Haan  |  

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

July 11, 2019 @ 7:33 am By Cali Haan  |  

New York University marketing professor Scott Galloway has spoken out strongly on CNN against Facebook’s plans to create a cryptocurrency, saying the project poses extraordinary risks given Facebook’s slipshod history. “We are rightfully concerned,” said Galloway. “This is an organization that has shown gross negligence around… Read More

July 10, 2019 @ 9:44 pm By Cali Haan  |  

Protestors believing they were bilked out of 200 million yuan ($29 million USD) by the cryptocurrency/blockchain project TRON occupied the offices of TRON affiliate company Raybo Monday in Beijing. The protestors were eventually “removed” from the offices by police, TRON CEO Justin Sun claimed in a response on… Read More

July 10, 2019 @ 1:00 am By Cali Haan  |  

The Attorney General of New York (NYAG) has submitted a memorandum in court documenting iFinex/Bitfinex/Tether’s “extensive ties to New York” and disputing the Seychelles-registered companies’ claims that New York authorities have no jurisdiction and that its fraud investigation is impeding business. iFinex and subsidiaries Tether… Read More

July 9, 2019 @ 7:47 pm By Cali Haan  |  

Hackers moved more than $8 million USD in Bitcoins July 8th from digital wallets they’d been sitting in since the Malta-registered crypto trading platform Binance, one of the world’s largest, was hacked for more than 7000 Bitcoins in May, Hard Fork reports. At the time… Read More

July 9, 2019 @ 5:18 pm By Cali Haan  |  

The CEO of Facebook’s cryptocurrency project, David Marcus, has written to assure the powerful US House Financial Services Committee that Facebook is proceeding with caution as it works to launch Libra. Five members of the Committee, including its Chair, Maxine Waters, sent a letter to… Read More

July 9, 2019 @ 3:26 am By Cali Haan  |  

Influential bankers convening at an academic conference at Peking University’s Institute of Digital Finance this week have expressed serious concerns about Libra, Facebook’s forthcoming cryptocurrency payments network, South China Morning Post (SCMP) reports. Wang Xin, director of the People’s Bank of China (PBOC)’s research bureau warned… Read More

July 9, 2019 @ 1:02 am By Cali Haan  |  

Bitcoin proponents are fond of claiming that Bitcoin is THE alternative financial system humanity needs to combat the tyranny and incompetence of central banks, and they will trot out all kinds of dire scenarios and statistics to prove this. The Bitcoin proponents I’ve met have also… Read More

July 8, 2019 @ 10:38 pm By Cali Haan  |  

San Francisco-based token issuance platform Tokensoft has announced in a blog post that it is “officially support(ing) issuance of security tokens on the Tezos blockchain.” The company says that the addition of multi-signature and FA1.2 smart contracts on the Tezos network means it, “now (has)… Read More

July 8, 2019 @ 9:57 pm By Cali Haan  |  

India’s Economic Affairs Secretary, Subhash Garg, has confirmed rumours that India is less than keen on Facebook’s current effort to create a private, global currency network aimed particularly at citizens in the developing world, Bloomberg reports. “(The) Design of the Facebook currency has not been… Read More

July 7, 2019 @ 8:30 pm By Cali Haan  |  

“White hat hackers” (friendly researchers) have discovered nine bugs in the code underpinning Monero, a “privacy cryptocurrency” network created in 2014 that is designed to conceal the identities of its users, Hard Fork reports. Up until March of this year, one of the bugs could… Read More