2019-5-6 14:02 |
iFinex lambasts New York Attorney General over “incomplete or incorrect facts” in new response to court case
origin »
|
Bankrupt crypto exchange Celcius sees a new deadline for submitting its restructuring plan. The court ordered the company to present it by February 15. On Monday, Celsius announced the new development in a Twitter thread.
2022-12-7 18:59 | |
|
|
The Bitfinex-Tether fiasco took a new turn after Bitfinex and Tether released an official response to the allegations made against it by the New York Attorney General’s office. Bitfinex’s and Tether’s parent company, iFinex, moved to vacate the court order, claiming that the order was based on ‘inaccurate or incorrect facts and wrong legal standard’.
2019-5-6 13:56 | |
|
|
On May 3, the developers behind the Bchd project, a Bitcoin Cash full node implementation written in Go (golang), announced the release of a public application programming interface (API). The latest API feature shipped with the new version 0.
2019-5-4 02:50 | |
|
|
The United States Department of Justice has moved the District Court of Arizona to stay a detention memorandum against Crypto Capital and Reginald Fowler concerning the ongoing case against Bitfinex.
2019-5-4 01:00 | |
|
|
A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described.
2019-5-3 16:05 | |
|
|
In evaluating the New York Attorney General’s recent bombshell announcement about Tether/Bitfinex, the one thing that I pointed out in the OAG Court Filing that I believe has been a crucial oversight by many in the crypto space is the fact that ‘Merlin’ (who we now know to be Giancarlo Devasini) was asking ‘Oz’ (who […]
2019-5-3 00:58 | |
|
|
According to a Bloomberg report published April 30, 2019, only 74 percent of Tether’s USDT stablecoin is backed by fiat and other short-term liquid assets. The Trouble Runs Deep In an affidavit filed with the Supreme Court of State of New York on April 30, 2019, Tether’s general counsel Stuart Hoegner stated that the companyRead MoreRead More.
2019-5-2 11:48 | |
|
|
Bitcoin. com has launched a new video series for the crypto-curious, with a crisp new look and an easy to understand, lighthearted narrative style. The first episode which premiered Wednesday features the top eight ways Bitcoin will change the world.
2019-5-2 09:59 | |
|
|
Bitcoin. com has launched a new video series for the crypto-curious, with a crisp new look and an easy to understand, lighthearted narrative style. The first episode which premiered Wednesday features the top eight ways Bitcoin Cash will change the world.
2019-5-2 09:59 | |
|
|
U. S. Attorney's office for the Southern District of New York has charged two individuals for providing “shadow banking” services to crypto exchanges. According to a statement by Geoffrey S.
2019-5-2 23:54 | |
|
|
The US Attorney for the Southern District of New York has charged two people in connection with running an unlicensed money transfer business used to make deposits for cryptocurrency exchanges.
2019-5-1 13:13 | |
|
|
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
|
|
By CCN. com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash.
2019-5-1 23:36 | |
|
|
Tether's general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.
2019-4-30 18:47 | |
|
|
Twenty-four financial authorities and 11 international organizations, including the International Monetary Fund and the World Bank, recently gathered in New York and discussed global standards of crypto regulation.
2019-4-29 12:22 | |
|
|
New technologies such as artificial intelligence (AI) and blockchain are increasingly being used in the law industry to make it more efficient and transparent, said Zhang Wen, president of Beijing Internet Court, at the China Intellectual Property Protection (CIPP) Forum 2019.
2019-4-27 17:00 | |
|
|
By CCN: Nobody puts Elon Musk in a corner. Well, maybe the SEC. The Tesla CEO has reached a settlement with the U. S. securities watchdog. According to the court filing, which still requires a judge’s John Hancock, Musk will be tweeting a whole lot less than he’d probably like, certainly less than his 26.
2019-4-27 02:32 | |
|
|
The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
|
|
Following a probe which revealed the apparent loss of $850 million in funds, the attorney general of the State of New York obtained a court order against iFinex Inc. , which operates Bitfinex and owns Tether Ltd.
2019-4-27 23:39 | |
|
|
By CCN: Within a day of learning it had to cease operating in New York, Bitfinex issued a rebuttal desperately trying to explain it is financially solid. Its letter coincided with one from Tether.
2019-4-27 20:55 | |
|
|
Cryptocurrencies dropped in value yesterday after the New York Attorney General’s court filings against Bitfinex and Tether were published. Currently, the entire market capitalization is roughly $170 billion and most cryptocurrencies have lost 2-10% of their value since the announcement.
2019-4-26 19:55 | |
|
|
Tether is on the spotlight, again. This time, the largest stablecoin in the market is at the center of an alleged $850 million cover-up. The New York attorney general Letitia James obtained a court order yesterday enjoining iFinex Inc.
2019-4-26 18:05 | |
|
|
The rumors and allegations surrounding Bitfinex and Tether, and accusations by many in the crypto-community are unlikely to cease any time soon in light of New York State’s Attorney General’s court filings.
2019-4-26 14:00 | |
|
|
The New York State Attorney General (NYSAG) is reportedly building a case to sue cryptocurrency exchange, Bitfinex, and stablecoin, Tether. As court documents dated April 24 state, neither Bitfinex nor Tether are licensed to operate in the state of New York, and yet the Office of the Attorney General (OAG) believes New York-based investors did use the exchange to trade Tether.
2019-4-26 12:29 | |
|
|
Bitcoin and Tether have been closely related since time immemorial, but the recent string of events pushed the price of Bitcoin down by 9% in about 3 hours. This has caused a domino effect, causing the price of other altcoins to fall as well.
2019-4-26 08:04 | |
|
|
Bitcoin and Tether have been closely related since time immemorial, but the recent string of events pushed the price of Bitcoin down by 9% in about 3 hours. This has caused a domino effect, causing the price of other altcoins to fall as well.
2019-4-26 08:04 | |
|
|
By CCN: The office of New York Attorney General Letitia James has officially obtained a court order to request iFinex Inc, the operator of bitcoin exchange Bitfinex and Tether, to cease operations in New York.
2019-4-26 01:21 | |
|
|
New York's Attorney General has obtained a court order against crypto exchange Bitfinex's operator iFinex as well as stablecoin company Tether.
2019-4-26 00:45 | |
|
|
A week-long ban of popular social video creation app TikTok in India has been reversed, according to a report by Reuters, citing two lawyers involved in the case. The Android and iOS apps, however, are yet to return to Apple and Google’s app stores.
2019-4-25 15:02 | |
|
|
US-based Blockfi has expanded into India, offering a high rate on its interest-bearing account for two cryptocurrencies. News. Bitcoin. com talked to Blockfi and a local Indian crypto exchange offering a similar program to find out how the two products differ.
2019-4-25 10:10 | |
|
|
In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.
2019-4-25 20:37 | |
|
|
India has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News. Bitcoin. com talked to one of the authors of the report to uncover more details.
2019-4-22 16:55 | |
|
|
Judge Jed Rakoff of the US District Court for the Southern District of New York dismissed the Winklevoss case against Charlie Shrem in which the twins allege Shrem stole $26 million worth of cryptocurrency.
2019-4-19 19:23 | |
|
|
The French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets.
2019-4-16 09:50 | |
|
|
The French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets.
2019-4-16 09:50 | |
|
|
The Court Monitor (E&Y) for QuadrigaCX released a new report on March 1st, 2019, that details all of their new findings in the case. For those that do not know, QuadrigaCX is a cryptocurrency exchange that recently became insolvent, allegedly due to the spontaneous and unexpected passing of its owner and CEO, Gerry Cotten. Since […]
2019-4-13 04:44 | |
|
|
New York State’s financial regulator has ordered Bittrex to cease operating in the state after rejecting its application for a Bitlicense. Multiple deficiencies were cited, some of which Bittrex immediately disputed.
2019-4-11 05:30 | |
|
|
A 37 year-old man in the US has been sentenced to one year and one day in prison for fraud in connection with a Bitcoin phishing scheme designed to rob victims of their cryptocurrency. Michael Richo, of New Haven, was also ordered to forfeit $352,000 in cash, various computers and electronic devices, and an assortment of precious coins and metals that he purchased with the proceeds of his offense.
2019-4-10 12:28 | |
|
|
A crypto-focused television talk show is launching in India this month. Several crypto-related issues will be discussed on the show, both about India and abroad, including the “burning issue” of Indian regulation.
2019-4-9 10:25 | |
|
|
QuadrigaCX, once Canada’s largest cryptocurrency exchange, has now been declared officially bankrupt after months of financial and legal controversies, reported the Canadian new daily CBC on 8 April.
2019-4-9 08:45 | |
|
|
Billionaire Elon Musk is apparently in the midst of an ugly civil war brewing within Tesla. Recent news suggests there’s a faction inside the electric-car company Musk co-founded that desperately wants him out.
2019-4-7 21:40 | |
|
|
By CCN. com: The courtroom battle between the Indian cryptocurrency exchanges and the Reserve Bank of India (RBI) has reached its ninth month but remains far from conclusion. On March 29, the Supreme Court of India moved the hearing to a new date in July.
2019-4-4 11:21 | |
|
|
ATBCoin’s Motion To Dismiss Lawsuit Denied A complaint has been filed against ATBCoin in the United States District Court for the Southern District of New York. The lawsuit alleges a putative class and was brought by Plaintiff Raymond Balestra (“Balestra”).
2019-4-4 22:21 | |
|
|
The U. S. Securities and Exchange Commission (SEC) has published an investment contract framework for digital assets, which is intended to give crypto companies guidance as to whether a cryptocurrency is a security.
2019-4-4 22:02 | |
|
|
The Supreme Court of India has set a new date to hear the crypto case. News. Bitcoin. com has learned what happened in the latest hearing when the government was expected to deliver crypto regulation and why the case was adjourned within minutes.
2019-4-3 11:05 | |
|
|
QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.
2019-4-3 01:19 | |
|
|
In Canada, authorities have seized luxury cars and frozen bank accounts owned by the ringleaders of FUEL, an allegedly fraudulent $22-million initial coin offering (ICO) from 2017. Court documents claim “blockchain services company” Vanbex raised $22 million (CAD$30 million) in cryptocurrency and fiat by with absolutely no intention to develop the FUEL token, reports CoinDesk.
2019-4-1 17:04 | |
|
|
India’s impending general election could affect the government’s process of regulating the crypto industry. A local lawyer has explained to news. Bitcoin. com how the election could impact regulations.
2019-3-30 12:25 | |
|
|
Jon Montroll, the man behind BitFunder and WeExchange, was charged with fraud last February. He pleaded guilty last July, and will be sentenced in April. Montroll reportedly hid the theft of over 6,000 BTC from his platform in 2013, and went to great lengths to hide the hack – even lying to investigators.
2019-3-29 19:40 | |
|
|
Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
The surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13.
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities.
The Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement.
A British investigative firm tracked down stolen funds and convinced the High Court of Singapore to mark the wallets containing the funds permanently with its order.
The freeze resulted from a collaboration between Atomic Wallet, forensic companies and centralized exchanges following reports from users claiming unauthorized transactions from their wallets.