Cali Haan

In New Jersey’s Largest Ever Pill Bust, Three Men Accused of Laundering $2.3 Million Using Bitcoins

Three New Jersey men have been indicted in what the New York District Attorney claims is the largest seizure of illicit pills ever executed in New Jersey State. The accused, Chester Anderson, 44, Jarrette Codd, 41, and Ronald McCarty, 51, allegedly ran drug “store fronts”… Read More

As Founder Plagued by Lawsuits, “Blockchain Phone” Maker Sirin Labs Lays Off Staff

Sirin Labs, a “blockchain smartphone” company that raised $255 million in two ICOs, has confirmed it is laying off employees, Israeli news outlet Globes reports. Contrary to media reports of larger numbers let go, Sirin Labs says it is only laying off 15 of 60… Read More

Romanian Central Banker: Cryptocurrencies Cannot Replace State Currencies, Europe Must Strengthen Capital Markets

Daniel Daianu, a member of the Romanian National Bank (BNR)’s Administration Council, told attendees at a conference this week that cryptocurrencies are in fact, “financial assets” that cannot be used as central bank currencies, Business Review reports: “In my opinion, these are financial assets, not… Read More

Ohio Crypto Tax Portal Has Few Takers So Far

Entrepreneurs and politicians in the American state of Ohio have embarked on several initiatives they hope will establish Ohio as a haven for businesses engaging with cryptocurrencies and cryptographic tokens. In December 2018, Ohio Congressman Warren Davidson and Florida Congressman Darren Soto introduced a bill into the… Read More

Tokensoft Digital Token Platform Sued for Alleged Gender and Age Discrimination

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Tokensoft, “a technology platform for compliant issuance of digital securities,” is being sued in California for alleged discrimination against a mature female employee. According to the complaint filed with the Superior Court of California, County of San Francisco, plaintiff Monette Stevens, 55, claims she was… Read More

EY Unveils Second Generation Blockchain Auditing Tool: “Blockchain Analyzer”

Global consulting firm EY released a suite of blockchain software products this week, including a first-generation “private transaction protocol,” a “smart contract analyzer” and a “blockchain analyzer” that firms can use to reconcile transaction data obtained from multiple cryptographic ledgers. The EY Blockchain Analyzer can… Read More

Feeling the Heat: Bitcoin Mining Adversely Impacting Iceland Terrain, Environmentalists Say

Cheap hydroelectric and geothermal power, cooler temperatures and a relatively stable business environment have drawn droves of cryptocurrency mining firms to Iceland over the past few years. Abandoned industrial sites, fish factories, and even barns have been commandeered for the mining of Bitcoins and other… Read More

Indian Crypto Trading Platform Unocoin Cuts Staff to 14 As Regulation Remains Uncertain

Ongoing regulatory uncertainty in India regarding the use and trading of cryptocurrencies has caused a number of related firms there to close or relocate. Most recently, reports Economic Times, Indian crypto trading platform Unocoin has made additional staff cuts, and it’s total workforce now sits… Read More

Two Firms Forced by SEC to Drop Term “Blockchain” From ETF Product Names

The recent proliferation of themed ETF offerings- up five-fold 2014 to 2018- is leading to careful scrutiny of product names by the SEC, Bloomberg reports, and at least two firms, Amplify and Reality Shares, appear to have been required to drop the term “blockchain” from… Read More

REACT: Five SIM-Swap Crypto Hackers Arrested in US in 2018, Dozens at Large

A sergeant from the Silicon Valley-based Regional Enforcement Allied Computer Team (REACT) says 5 hackers, aged 18-26, who collectively stole $50 million USD in cryptocurrencies by taking over victims phones were arrested in 2018, The New York Post reports. Two of the more infamous alleged… Read More

France Urges EU To Use its Crypto Sector Regulations as Model

France’s Finance and Economy minister, Bruno Le Maire, has told the EU that it should use rules established by France to govern the region’s cryptocurrency and digital asset sector as inspiration for EU and regional regulations. Le Maire told attendees at a recent “blockchain tech”… Read More

Friendly Exit: Coinbase International and Institutional Trading Head Moves On

Dan Romero, Coinbase’s Vice President, International, who also runs Coinbase’s institutional trading desk, has announced in a blog post that he is leaving the cryptocurrency trading platform firm this month. Romero’s LinkedIn profile shows that he has been at Coinbase for five years. The profile… Read More

Millions Stolen in Attack on Electrum Bitcoin Wallet Service

Hackers have launched a 140 000-machine botnet DoS (denial of service) attack against servers hosting popular Bitcoin wallet service Electrum, Hard Fork reports, and millions of dollars of Bitcoins have already been stolen from Electrum wallet users as a result. Electrum is a bitcoin “hot… Read More

Prolific Romanian Cryptojackers, ID Thieves and Fraudsters Convicted in Ohio

Two of three Romanian cybercriminals who targeted American citizens and businesses from abroad in elaborate cybercrime schemes initiated in 2007 have been convicted in Ohio. Bogdan Nicolescu, 36, and Radu Miclaus, 37, will be sentenced August 14th after being found guilty of 21 counts of… Read More

Is Quantum Computing a Threat to Standard Cryptocurrencies?

And cryptocurrency trading platform called Coinswitch is promoting a cryptocurrency they say is designed to “combat…future attacks by quantum computers.” According to the platform, Quantum Resistant Ledger or QRL coin is, “is the brainchild of Peter Waterland(,) who realised that Bitcoin, Ethereum, and other such… Read More

Test Versions of Mozilla Firefox Browsers Now Include Anti-Tracking and Anti-Cryptojacking Features

Mozilla, the software company behind popular free web browser Firefox, is confronting the increasingly relevant problems of online privacy-intrusion and cryptojacking by releasing a test version of enhanced Firefox software that blocks these activities. “To combat these threats,” writes Mozilla, “we are pleased to announce new… Read More

ICE Crypto Venture Bakkt Hires Former Google and PayPal Exec to Build Out Its Payments Leg

Bakkt, the Intercontinental Exchange’s (ICE’s) forthcoming “digital asset” trading platform and crypto custody service, has hired former PayPal VP Engineering and former Google Engineering Director-Payments Mike Blandina to develop products and payments features at the company. Bakkt CEO Kelly Loeffler announced the hire in an… Read More

Mid-Size Chinese Cryptominers Weathering Risks to Access Cheap Power in Iran

In the wake of increasing Chinese state reticence towards a once supported industry, the biggest Chinese crypto mining firms have been steadily expanding or relocating to Canada, the US and Iceland, Chinese crypto news outlet 8BTC reports. But small and mid-size Chinese crypto miners have… Read More

Prolific 22-Year-Old Unlicensed Bitcoins Dealer Sentenced to Two Years Imprisonment

Jacob Burrell Campos, 22, from Rosarito, Mexico, has been sentenced to two years in prison and will forfeit $823,357 “in illicit profits” after being convicted of running an unlicensed money transmission business, that, “…(sold) hundreds of thousands of dollars in Bitcoin to over 1,000 customers throughout… Read More

Are IEOs (Initial Exchange Offerings) Any Better than ICOs?

“Vetted” retail investors are lining up to buy a revamped version of ICOs (initial coin offerings) called IEOs (initial exchange offerings), digital tokens “curated” by trading platforms, Bloomberg reports. After a slew of bad press and bad results over the past few years, ICOs have… Read More

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