South Korean prosecutors in the city of Daejeon have busted what appears to be a USD 18.4 million multi-level pyramid scheme centering around a fake token. Per news agency Yonhap, police say that executives from at least one unnamed company convinced “a large number of investors” to invest in an as-yet-unnamed token that officials named…
Read more
Prosecutors in Shenzhen, China, are reportedly looking to press embezzlement charges against the CEO of Bitmain rival MicroBT. The CEO, Yang Zuoxing, is a former Bitmain employee who worked in the latter’s chip design department. Per a report from Bloomberg, quoting three anonymous sources, “[Yang] was detained by Shenzhen police at the end of October…
Read more
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto exchanges news Lawyers representing users of the now-defunct Canadian crypto exchange QuadrigaCX are asking the Royal Canadian Mounted Police to conduct an exhumation and post-mortem autopsy on the Read more…
Read more
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news A global banking regulator says it will listen to input on a new cryptocurrency discussion paper. Per a press release shared with Cryptonews.com, the Basel Committee on Banking Read…
Read more
The storm around an unnamed major South Korean cryptocurrency exchange is continuing to rage – with a senior politician allegedly involved, an ongoing assault/kidnapping case ongoing and now claims of artificially inflated trading volume figures. As previously reported, the head of a major exchange has recently been charged with assaulting one of his employees in…
Read more
Arthur Hayes. Major crypto exchange BitMEX and its co-founder and CEO Arthur Hayes just got into another problem. The company and its CEO are now being sued for USD 300 million by Frank Amato, a former JPMorgan Chase commodity derivatives trader, and RGB Coin Ltd., who claim to have been the first seed investor of…
Read more
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news The New York Department of Financial Services (NYDFS) issued their ‘Proposed Guidance Regarding Adoption or Listing of Virtual Currencies,’ which will modify the approval process for Read more »Pay/Trade/Buy…
Read more
The KeepKey hardware wallet. Source: KeepKey, Instagram After cryptocurrency exchange Kraken reported a flaw in hardware wallet KeepKey, the owner of this product, crypto exchange ShapeShift replied that the report is misleading and the attack difficult to carry out. The story starts on December 10, when Kraken Security Labs published a post alleging that there…
Read more
CoinBurp CEO, Peter Wood, during a live stream. In an ambitious bid to raise money for Centrepoint, a UK homeless charity, and encourage charities to accept cryptocurrency as the form of donation, Pete Wood, the CEO of CoinBurp, a crypto startup, has challenged himself to say the word ‘crypto’ 100,000 times on a live stream,…
Read more
Source: iStock/ridvan_celik U.S. law enforcement has arrested three men in connection with a USD 722 million cryptocurrency mining Ponzi scheme that targeted thousands of investors the conspirators called “dumb” and “sheep.” The U.S. Attorney’s Office for the District of New Jersey said yesterday that, between April 2014 and December 2019, the defendants operated BitClub Network,…
Read more
