February 28, 2019 @ 1:04 pm By Cali Haan  |  

Citing miner-attrition from “forks” and declining crypto prices, CoinHive, an in-browser crypto mining software service favored by malicious cryptojackers, will be shutting down in March, ZDNet reports. CoinHive was initially conceived as a way for websites to earn revenue from visitors without having to show… Read More

February 28, 2019 @ 10:31 am By Cali Haan  |  

The US District Court of Massachusetts has indicted Randall Crater, the man they allege led a “My Big Coin” cryptocurrency fraud that bilked primarily New York investors out of $6 million USD. Crater is charged with four counts of wire fraud and three counts of unlawful… Read More

February 28, 2019 @ 2:07 am By Cali Haan  |  

  Citing, “poor market conditions” and “recent staff redundancies” at Huobi -and eight months after opening the office- the Huobi “cryptocurrency financial services group” has announced on Huobi Australia’s Twitter account that it will be closing all departments at Huobi Australia. Huobi is a top ten cryptocurrency… Read More

February 28, 2019 @ 1:44 am By Cali Haan  |  

A man who promised astronomical returns to investors in “KBC Coin” (a cryptocurrency named after India’s popular Kaun Banega Crorepati (KBC) TV game show) has been arrested by police in Mumbai, The Hindu and Hard Fork report. Pritam Patil was reportedly apprehended after Nanasaheb Patil, an agricultural… Read More

February 27, 2019 @ 2:48 pm By Cali Haan  |  

The CEO of Abra, provider of a “Bitcoin-based app that lets people buy and sell currencies, virtual coins, and Nasdaq-listed stocks,” has called enterprise (private or permissioned) blockchain “nonsense,” ” a fallacy” and “complete waste of time,” Fortune reports. Bill Barhydt, a former Goldman Sachs… Read More

February 27, 2019 @ 12:31 pm By Cali Haan  |  

By now, Nvidia’s faltering earnings as a maker of  cryptocurrency mining equipment are well known. Until recently, the company was enviably positioned to supply coveted chips to booming cryptomining, AI, cloud computing and gaming sectors. But after a banner 18 months that ran from the… Read More

February 27, 2019 @ 1:23 am By Cali Haan  |  

Value-investing veteran Warren Buffet has stated in a recent interview at CNBC that his famously unimpressed position on Bitcoin has not changed: “(It’s) oo bad. Bitcoin -its ingenious- and blockchain is important, but it has no unique value. It doesn’t produce anything at all. I… Read More

February 26, 2019 @ 10:16 pm By Cali Haan  |  

Korean cryptocurrency trading platform Coinbin, which took over “Top Ten Korean …Exchange” Youbit last April after Youbit lost $15 million USD (17 billion won) in customer funds in a hack, has declared bankruptcy and ceased all trading on February 22nd, Business Korea reports. Coinbin CEO Park Chan-kyu… Read More

February 26, 2019 @ 3:26 pm By Cali Haan  |  

Apple co-founder Steve Wozniak granted an interview to Bloomberg’s Yousef Gamal El-Din this week in which he issued calming statements about the potential of Artificial Intelligence (AI), briefly discussed bitcoin and chastened Facebook CEO Mark Zuckerberg, stating, “you can make a choice…(and) draw the (ethical)… Read More

February 26, 2019 @ 10:33 am By Cali Haan  |  

The Supreme Court of India yesterday ordered the Indian state to establish rules to govern the cryptocurrencies and sector there within four weeks, Inc42 reports. Justices Rohinton Fali Nariman and Vineet Saran also declined to hear from any more petitioners regarding an ongoing legal fight against… Read More

February 24, 2019 @ 3:38 pm By Cali Haan  |  

According to Reuters, crypto-exchange software maker ANX International purchased a controlling stake in Hong Kong-listed marketing firm Branding China last year, and said that the company’s new status as a publicly-traded company granted clients, “additional confidence in knowing we are a credible company and here… Read More

February 24, 2019 @ 2:31 pm By Cali Haan  |  

Lawyers for the Bank of Montreal consulting on the case of Quadriga CX, a Canadian cryptocurrency exchange whose founder, Gerald Cotten, died in December –taking access to exchange’s funds with him– have told a court they are wary about handling funds in the case due… Read More

February 24, 2019 @ 12:22 pm By Cali Haan  |  

Emaar Properties, the company that developed the United Arab Emirati’s (UAE’s) iconic Burj Khalifa tower, the tallest in the world, has denied rumours that it plans to accept cryptocurrency payments in real estate deals. According to a company spokesperson speaking to Bloomberg: “Emaar does not… Read More

February 24, 2019 @ 10:20 am By Cali Haan  |  

Alexander Vinnik, a Russian citizen accused of laundering billions while allegedly running the BTC-e Bitcoin exchange in London, has ended his 80-day hunger strike, Urdu Point reports. Vinnik was detained in the summer of 2017 after being arrested while vacationing in Greece with his family…. Read More

February 23, 2019 @ 6:02 pm By Cali Haan  |  

The FBI is seeking information from “potential victims” of Bitconnect, a cryptocurrency Ponzi that bilked investors across the globe out of billions of dollars. People with information they wish to submit to the FBI can do so via a special online form set up by… Read More

February 22, 2019 @ 12:09 pm By Cali Haan  |  

UBS, Switzerland’s largest bank, was fined 4.5 billion Euros ($5.1 billion USD) Wednesday for “aggravated money-laundering of the proceeds of tax fraud” as well as “illegal bank soliciting” for its alleged role in helping wealthy French citizens avoid taxes, Associated Press reports. Five former UBS… Read More

February 22, 2019 @ 8:10 am By Cali Haan  |  

UK auction house Wilson’s Auctions will be selling 215 Bitcoins, Bitcoin Gold “coins” and Bitcoin Cash “coins” in a 24-hour Timed Online Auction starting February 28th. According to the firm, the coins (104.99 of each), “were seized by the Belgium police as a result of a… Read More

February 22, 2019 @ 7:50 am By Cali Haan  |  

In January, a private heart clinic located in a Melbourne’s Cabrini hospital had 15 000 patients’ medical records locked in a ransomware attack that emanated from Russia or North Korea, 9News reports. A cryptocurrency ransom to unlock the data was subsequently demanded. The records were… Read More

February 22, 2019 @ 7:43 am By Cali Haan  |  

Close on the heels of Danske Bank being ordered out of Estonia this week for its alleged role in laundering funds totaling $234 billion USD for Ukrainian, Azerbaijani and Russian clients, Danske Bank has now announced it will be, “clos(ing) down its banking activities in… Read More

February 21, 2019 @ 2:23 pm By Cali Haan  |  

CryptoSolarTech, a Spanish cryptocurrency mining company that raised $68 million USD (60 million euros) in an ICO fundraise last spring has sent a letter to investors announcing that the company will cease operations and return the money collected in the ICO, Cointelegraph reports. A copy… Read More