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Tag Archives: case

IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech

With contributing reporting from Jimmy Aki. Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital. The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled “Winds of Change: The New Case for Digital Currency.” In it, Lagarde ...

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Four ‘Young’ Hackers Booked in Cryptojacking Case Targeting Over 6,000 PCs

Four “young” hackers have been arrested in a cryptojacking case involving over 6,000 computers in what is allegedly South Korea’s “first” known case of its kind, Korean English-language news outlet Aju Daily reports Nov. 8. Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. Aju Daily cites a statement ...

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5,000 BTC Missing, and Other Details of the Winklevii vs. Shrem Case

On November 2, details of a crypto lawsuit featuring major industry players: Bitcoin Foundation founder Charlie Shrem on one side, and the Winklevoss twins on the other, were made public. The case alleges that Shrem “stole” around 5,000 Bitcoin (BTC) from Tyler and Cameron Winklevoss in 2012. Brief introduction to both sides of the conflict Charlie Shrem Charlie Shrem is ...

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NASDAQ Eyes Crypto Market Manipulation Use Case for Market Surveillance Tool

The world’s second-largest stock exchange NASDAQ says its market surveillance technology can “stamp out manipulation” in cryptocurrency markets, Bloomberg reported Nov. 1. The publication referenced an unpublished paper from NASDAQ released Thursday, in which it explains it has invested “decades” developing tools for catching and preventing market manipulation. “Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and ...

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Australian Crypto Firm DigitalX Reveals Mediation Request on $1.8 Million ICO Case, Denies Wrongdoing

Publicly-listed DigitalX, an Australian blockchain and crypto advisory firm, said it received a request for mediation from court proceedings of a $1.83 million case related to an ICO gone wrong. As reported initially in September, DigitalX revealed it was served with an Originating Application and Statement of Claim by a group of disgruntled stakeholders involving in an initial coin offering ...

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Coinbase BCH Insider Trading Case Dismissed by US Court

Major US cryptocurrency exchange and wallet provider Coinbase had just been granted a motion to dismiss a lawsuit over alleged insider trading. The alleged Coinbase BCH insider trading occurred last year during the company’s launch of Bitcoin Cash (BCH). Coinbase BCH Insider Trading The United States District Court North District of California published a court document this past Tuesday detailing the ...

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New York Judge Dismisses Case Against Nano Developers

A New York judge has thrown out an investor’s proposed class action lawsuit against the  development team of altcoin Nano (XRB), according to court documents filed Oct. 22. The lawsuit accused the devs of luring him to trade the coin on a platform that lost hundreds of millions of dollars’ worth of the cryptocurrency. Initially, the lawsuit was filed in ...

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$6.4 Million of Thai Actor’s Family Assets Seized in $24 Million Bitcoin Fraud Case

Ten months after a Finnish national filed a complaint after losing 5,564 bitcoins to fraudsters in Thailand, the family of the Thai television actor Jiratpisit ‘Boom’ Jaravijit is now the target of the country’s anti-money laundering agency in relation to the scam. According to The Nation, Thailand’s Anti-Money Laundering Office (AMLO) has seized assets worth 210 million baht (approximately US$6.4 ...

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Bitcoin Resumes Lateral Trading as Lightning Network Gets New Use Case

The major cryptocurrencies are sporting small losses today in European trading, with still Ripple being the most volatile from a short-term perspective. In general, the market is very calm, with most of the top digital currencies being stuck in the ranges that developed during the weekend. The volatility compression will likely lead to a larger scale move in the segment, ...

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