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Tag Archives: case

The $234 Billion Money Laundering Case at Danske Bank’s Impossible in Bitcoin

This week, Danish publications reported that Danske Bank CEO has resigned amidst allegations of potential money laundering hundreds of billions of dollars, an amount that is equivalent to the market cap of crypto. When billions or dollars are involved, history has it that banks can’t resist the urge to “inject” the money into the system, regardless of the source. As ...

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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12.7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). Grandshores Technology plans to use the funding to launch a yen-backed stablecoin. Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a founding partner at Hangzhou Grandshores ...

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OKEx, OKCoin Founder Star Xu Questioned in Shanghai Fraud Case

Shanghai police have taken OKEx founder and OKCoin CEO Star Xu into custody for voluntary questioning in relation to fraud alleged to have taken place in a relatively obscure crypto project called WFEEcoin. Local media reports that Xu’s possible connection to the project is being investigated. While Xu is allegedly a WFEE shareholder, he denies that his Shanghai company is ...

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Ripple and R3 Reach Settlement in Year-Long Court Case

A year-old legal battle between two of the crypto industry’s leading organizations is coming to a close. After a volley of countersuits that had the companies jumping from courthouse to courthouse, Ripple and R3 have brokered a settlement that will put the drama to rest. The terms of the settlement, however, are being kept under wraps by both parties. The ...

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India’s Supreme Court Hears Crypto Exchanges vs. Central Bank Case Today

India’s Supreme Court is today hosting the final hearings of the ongoing case between cryptocurrency exchanges and the central bank concerning the latter’s blanket banking ban introduced in April. The country’s foremost court is hearing petitions and the case against the circular issued by the Reserve Bank of India (RBI) in April 2018. In it, the central bank issued a ...

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Former Legislator Remanded in Custody in Connection With Bitcoin Extortion Case

Nalin Kotadiya, a Bharatiya Janata Party (BJP) official and former Member of the Legislative Assembly (MLA), has been remanded in custody for ten days in connection with a $1.3 million Bitcoin (BTC) extortion case, the Times of India reported September 10. A special anti-corruption court has reportedly remitted Kotadiya in police custody for a ten day custodial interrogation after he ...

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The First Use Case for BANKEX Plasma

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. BANKEX Plasma unveils its first use case: buying coffee from a vending machine with crypto. This is the first realization of the Plasma blockchain, a solution originally proposed by Vitalik Buterin for the ...

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Former Indian Politician Arrested in $1.3 Million Bitcoin Extortion Case

Former BJP MLA Nalin Kotadiya has been arrested for an alleged involvement with the kidnapping syndicate of Shailesh Bhatt. The Accusation Kotadiya, who was fingered as an accomplice during the interrogation of Kirit Paladiya in May this year had evaded arrest until Sunday, September 09. His arrest by the Ahmedabad Crime Branch police from Maharashtra’s Dhuliya was reported by ANI. ...

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Scottish PRS Market Finds a Use Case in Blockchain

A Scottish property firm is teaming up with a local blockchain startup to create probably the world’s first Private Rented Sector (PRS) database. Property letting portal Citylets has announced that they and their new tech partner Wallet.Services will be creating a ledger that would tackle rising rents in Scotland’s residential sector. The company believes that their solution will become a useful tool ...

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Thailand Bitcoin Fraud Case Ropes in Bank Staff and Prominent Stock Investor

The investigation into the Thailand bitcoin fraud case involving a Finnish national who lost 5,564 bitcoins to Thai fraudsters has now widened its reach to include a stock investor and bank employees. According to the Bangkok Post, Prasit Srisuwan, an investor at the Stock Exchange of Thailand, as well as employees of three Thai commercial banks namely Kasikornbank, Siam Commercial ...

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