December 15, 2019 @ 2:58 pm By Cali Haan  |  

The operator of a Montana cryptocurrency “mine” says he has been “blindsided” by the arrest of Matthew Brent Goettsche, indicted earlier this week for allegedly pervading a $722 million USD cryptocurrency fraud. According to The Sacramento Bee, Rick Tabish of Butte, Montana, has been operating a cryptomining… Read More

December 15, 2019 @ 9:55 am By Cali Haan  |  

The New York’s Attorney General’s Office submitted a comprehensive brief to the Supreme Court of New York on December 4th summarizing the current state of the NYAG’s case against Bitfinex and Tether et al., cryptocurrency companies accused of fraud and market manipulation. Lawyers for the… Read More

December 14, 2019 @ 11:58 am By Cali Haan  |  

A 23-year-old who allegedly used cryptocurrencies he stole from crypto executives and users to fund the purchase of houses, a Ferrari, a Rolex and the royalty rights to twenty songs was arrested in Latrobe, Pennsylvania, December 11th. Anthony Francis Faulk has been charged with one count of… Read More

December 13, 2019 @ 6:39 pm By Cali Haan  |  

Comments made this week by Mark Cuban, famed owner of the Dallas Mavericks basketball team and a regular host on Shark Tank, have ruffled the feathers of prominent Bitcoiners. Veteran Bitcoin programmer Jimmy Song tweeted to dispute Cuban’s claims that Bitcoin lacks convenience and security:… Read More

December 13, 2019 @ 3:29 pm By Cali Haan  |  

Lawyers appointed to represent users harmed by the failure of the cryptocurrency exchange QuadrigaCX have asked the Royal Canadian Mounted Police (RCMP) to exhume the body of the exchange’s founder, Gerald Cotten. The letter from the Miller Thompson law firm in Toronto states: “The purpose… Read More

December 12, 2019 @ 9:18 pm By Cali Haan  |  

An unprecedented number of ransomware attacks deployed against government, healthcare and school targets in the U.S., and new attacks that not only lock up but also steal sensitive data, have prompted cybersecurity firm Emsisoft to declare a “crisis.” An recent attack in Pensacola that “may… Read More

December 12, 2019 @ 2:22 am By Cali Haan  |  

Details have emerged regarding Jihan Wu’s plans to regroup cryptomining hardware giant Bitmain and restore company fortunes after the hostile ouster of co-f0under Micree Zhan earlier this fall. Zhan, an electrical engineer, and Wu, a Beijing tech entrepreneur, co-founded Bitmain in 2013. As one of… Read More

December 12, 2019 @ 1:17 am By Cali Haan  |  

Group-IB, a Moscow-founded cybersecurity firm now based in Singapore, “has detected a massive upload of debit and credit card records …on one of the most popular underground cardshops.” According to the firm, between October 28th and November 27th of this year, criminals uploaded more than 460,000… Read More

December 11, 2019 @ 9:09 pm By Cali Haan  |  

The US Securities and Exchange Commission (SEC) has charged Shopin founder Eran Eyal with violating antifraud and registration provisions of federal securities laws in an ICO (initial coin offering) sale. The SEC says Eyal raised $42.5 million USD selling Shopin cryptographic or “blockchain” tokens to… Read More

December 11, 2019 @ 6:31 pm By Cali Haan  |  

Four men have been arrested and charged with promoting a cryptocurrency mining pyramid scheme that defrauded victims out of $722 million USD. Matthew Brent Goettsche, Jobadiah Sinclair Weeks and Joseph Frank Abel were arrested in various locations in the United States early this month and were… Read More

December 11, 2019 @ 3:54 pm By Cali Haan  |  

New York’s more crypto-friendly iteration of the Department of Financial Services is seeking comment on a new set of guidelines to help licensed New York cryptocurrency dealers select tokens for listing or adoption. The NYDFS says that, since 2015, it has issued two dozen licenses and… Read More

December 11, 2019 @ 12:55 am By Cali Haan  |  

After being granted the right earlier this year to demand user records from 3 cryptocurrency exchanges in the country, Denmark’s tax authority, the Skattestyrelsen, has now sent 20 000 letters to Danish citizens it believes may have skirted taxes on capital gains from cryptocurrency trades. Recipients… Read More

December 10, 2019 @ 9:45 pm By Cali Haan  |  

Bogdan Nicolescu, 37, and Radu Miclaus, 37, two members of a Romanian gang that controlled a network of at least 40o ooo malware-infected computers, have been sentenced to 18 and 20 years in prison each. According to a press release from the U.S. Attorney’s Office,… Read More

December 10, 2019 @ 9:29 pm By Cali Haan  |  

Hackers successfully executed a cryptocurrency “ransomware” attack on the Argentine government on November 25th and managed to lock up about 7700 GB of data totaling 10 years of government records. Servers, databases, and a virtual backup library were reportedly compromised. “Ransomware” is a type of… Read More

December 10, 2019 @ 2:35 am By Cali Haan  |  

South Africa’s Reserve Bank (Sarb) is drafting new rules to prevent cryptocurrencies from undermining currency controls in the country, IOL reports. The rules will come into effect in the first quarter of 2020, Sarb deputy governor Kuben Naidoo told journalists last week. South Africa’s financial… Read More

December 10, 2019 @ 1:51 am By Cali Haan  |  

The SEC is seeking to depose UK citizen John Hyman, whom Telegram CEO Pavel Durov has identified as “Telegram’s chief investment advisor.” The SEC believes Hyman brokered many of the private deals that helped Telegram raise $1.7 billion USD from 171 investors in two sales of GRAM… Read More

December 9, 2019 @ 10:15 pm By Cali Haan  |  

As the price of Bitcoins sailed parabolically from $3500 USD to $20 000 USD in the latter half of 2017, retail investors were advised to snap up cryptocoins quickly before “the institutions” stepped in and ruined opportunity forever. As mainstream media warned of a bubble,… Read More

December 9, 2019 @ 9:40 pm By Cali Haan  |  

Seventy million USD in new equity and project financing will soon be helping Crusoe Energy Systems further realize its, “vision of a low-cost distributed computing cloud,” says Chase Lochmiller, the company’s CEO and co-founder. The company recently attracted the money in two rounds. Thirty million… Read More

December 9, 2019 @ 4:43 pm By Cali Haan  |  

HBUS, a compliant US-based crypto trading platform formed in partnership with popular China-based cryptocurrency exchange Huobi, has announced it is closing its doors. Huobi announced the plans in a tweet titled “HBUS Cease to Operate”: “We regret to inform you that HBUS will need to… Read More

December 8, 2019 @ 8:39 pm By Cali Haan  |  

US Secretary of the Treasury Steve Mnuchin told members of the US House Financial Services Committee Thursday that both he and Federal Reserve Chairman Jerome Powell feel there is “no need” for the US to develop a digital currency in the near term. Currently, multiple… Read More