Spanish National Police have arrested the operator of cryptocurrency arbitrage firm Arbistar 2.0 in a crackdown on the platform that researchers and investors allege to be a massive bitcoin Ponzi scheme. The arrest should serve as a reminder to crypto investors of the value bitcoin’s traceable blockchain provides to investigators. While scammers can easily dupe unwitting investors with promises of high crypto returns, their use of […]
Danny Nelson
186 posts
PayPal’s pledge to support cryptocurrency as a funding source for 26 million merchants will likely benefit mass cryptocurrency adoption more than it will boost the payments firm’s bottom line, Morgan Stanley researchers said in a Wednesday report obtained by CoinDesk. Source link
Sawyer replaces Bitstamp’s founder Nejc Kodrič, now shuffling over to a “non-executive role.” Source link
A New York law firm is trying to test blockchain projects’ decentralization claims against their perhaps not-quite-so-distributed realities. Called the “Ketsal Open Standards” rubric, the toolkit, developed by the Ketsal law firm and revealed exclusively to CoinDesk, proposes using hard, measurable data points to either bolster or burst a blockchain’s decentralized credentials. It’s the latest contribution to a long-raging debate in crypto: when, and how, is […]
Kik and the U.S. Securities and Exchange Commission (SEC) have proposed settling their dispute over a 2017 token sale with a $5 million fine. The proposed joint settlement, which also enjoins the Canadian firm against future U.S. securities law violations, still needs approval from presiding judge Alvin K. Hellerstein, according to public court documents. If approved, the settlement would cap off a year-long legal fight between […]
The cyberhackers used bitcoin to cover their ties to critical hacking campaign “infrastructure” such as servers and domain names, according to an indictment unsealed Monday by U.S. prosecutors. Source link
Larry Dean Harmon, the Helix and Coin Ninja crypto-tumbling chief who in February was arrested for allegedly mixing bitcoin for criminals must pay $60 million in civil penalties, prosecutors at the Financial Crimes Enforcement Network (FinCEN) demanded Monday. Source link
Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for the central bank. Source link
DLT is among 20 “critical and emerging” technologies in the Trump Administration’s new strategy for preserving the U.S.’ technological edge. Source link
Hedge fund Numerai is offering $50 million of its numeraire (NMR) token to quants, researchers and even fellow funds that provide original stock market “signals” into its data clearinghouse, Numerai Signals. UPDATE (10/12/20 19:32 UTC): This article has been updated to reflect who can utilize Numerai and how the payout mechanism works. Source link
The proposal games out CBDC scenarios for fundamentally different potential digital currency end users. Source link
The U.S. Department of Homeland Security’s research and development wing, the Science & Technology (S&T) Directorate, on Friday awarded $817,712 in total to five blockchain startups in a bid to reimagine the federal government’s anti-forgery and counterfeit prevention operations. From creating digital Social Security Number alternatives to building e-commerce tracing systems, the winners have up to six months to develop blockchain proofs-of-concepts for DHS’ client agencies. […]
The popular personal investing platform did not do enough to help targeted customers, victims claim. Source link
Jack Dorsey’s payments company is the second publicly traded firm to put some portion of corporate reserves into bitcoin, following MicroStrategy’s $425 million all-in bet. Source link
Rep. Soto and Rep. Schweikert call for recognizing blockchain signatures as legal instruments in their new bill. Source link
Ripple’s Chris Larsen threatened to leave the U.S. if the country’s stance on crypto doesn’t soon change, Fortune reported. Source link
John McAfee allegedly received $11.6 million in bitcoin and ether for pumping ICOs in 2017 and 2018. Source link
The head of bitcoin escrow company Volantis pleaded guilty in New York on Thursday to bilking an investor of over $3 million. He also settled parallel commodities fraud charges. Jon Barry Thompson, 49, admitted in Manhattan federal district court that his crypto companies – Volantis Market Making LCC and Volantis Escrow Platform LLC – never followed through with a promised $3.25 million bitcoin buy for one […]
Atari’s self-styled entertainment payments token has been in the works since early 2018. Source link
Arbitly’s crypto licensure and registration claims are bogus, according to Malta’s financial regulator. Source link
A Florida crypto trader has been charged with duping $6.8 million from investors in his purported digital asset day trading shop. The case is a reminder that investors in cryptocurrency should watch out for promises too good to be true. Crypto, just like all asset classes, has its share of charlatans preying on the aura of a little-understood but much-hyped investment vehicle. Source link
Blockstack and Algorand’s Clarity smart contracts will source their data from Chainlink’s oracle network. Source link
Blockchain startup Fluree, already building a distributed data management platform to boost the U.S. Air Force’s decision-making prowess, has raised $2.5 million in additional funding from its venture capital backers. The fresh capital pushes Fluree Public Benefit Corporation’s total seed funding to $6.5 million. It also unlocks a $1.5 million defense contract pledged as matching funds through the U.S. Air Force’s Small Business Innovation Research (SBIR) […]
Hybrid blockchain platform Kadena plans to launch a new multi-chain decentralized exchange (DEX) in hopes of wooing business from congestion-plagued Ethereum-based rivals. Called Kadenaswap, the new DEX, unveiled Tuesday and set to debut late this year, will attempt to skirt Ethereum’s surging gas fees and perennial network congestion (caused in part by the explosive success of Uniswap) by providing decentralized finance (DeFi) traders with an alternative […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
SoluTech, a defunct blockchain firm whose initial coin offering (ICO) raised $2.4 million, has settled fraud and securities violations charges with the U.S Securities and Exchange Commission (SEC). The SEC slapped SoluTech and its co-founder, 24 year-old Nathan Pitruzzello with fines and a cease-and-desist order for conducting its unregistered 2018-2019 ICO of the SCRL token in an administrative filing published Friday. Source link