Craig Wright Ordered to Provide Bitcoin Ownership Records

The order directs Wright to produce a copy of documents detailing the “formation, administration, and operation of the blind trust” to the plaintiffs. Monday is usually the worst day of the week for every working person (except in UAE) but we cannot help but smile when we see our favorite saga still has a lot of seasons ahead. And no, we’re not talking about Games of Thrones people, even though the name suits it perfectly. Of course, it’s all about our favorite negative character, kind of a Batman’s “Joker” –…

Craig Wright Ordered to Produce a List of Early Bitcoin Addresses in Kleiman Lawsuit

On April 28, the high profile Kleiman v. Wright lawsuit heated up when the plaintiffs alleged Craig Wright submitted forged evidence before the court. Following the recent response against Wright’s motion to dismiss the case, the plaintiffs also filed an order which demands a list of Wright’s public bitcoin addresses as of Dec. 31, 2013. Additionally, the Southern District Court of Florida Magistrate overseeing the lawsuit, Judge Bruce Reinhart, has signed the order. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’ Kleiman Estate Wants…

Another Major Bank Ordered Closed for Money Laundering

Danske Bank has been ordered to close up in Estonia following another money laundering scandal. It is not the first time a major bank has been involved in money laundering and it will not be the last, which is all good news for crypto. One of the most commonly spouted reasons that crypto is bad is that criminals use it for money laundering. But the bottom line is the US dollar is still the currency of choice for washing money, and banks are the vehicle. As more bank scams get…

Bitcoin Mining Start-Up Envion Ordered to Close by Swiss Court

Economy & Regulation A court in Switzerland has ordered the closure of bitcoin mining startup Envion AG over concerns of poor corporate governance. The company raised $100 million in an initial coin offering (ICO) in January, but a succession of boardroom wrangles have led to a breakdown in its corporate structure, bringing operations to a halt. Also read: Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3 Founding Partners Sue Each Other Founding partners Michael Luckow and Matthias Woestmann have repeatedly gone to court to sue each other over allegations…

Four Crypto Firms Ordered to Cease and Desist by Colorado Securities Commissioner

Colorado State Securities Commissioner Gerald Rome has issued a cease and desist order to four Initial Coin Offerings (ICOs) for allegedly offering unregistered securities, according to an official notice published Nov. 8. The orders come as part of a state operation by the “ICO Task Force” within the Department of Regulatory Agencies (DORA), which in May of this year commenced investigations into potentially unlawful activity targeting cryptocurrency investors. With yesterday’s orders, DORA has now issued 12 cease and desist actions against ICOs. On Nov. 8, Rome signed four orders to…

Three Crypto Firms Ordered to Show Cause by Colorado State Securities Commissioner

Colorado Securities Commissioner Gerald Rome has ordered three crypto firms alleged of promoting unregistered Initial Coin Offerings (ICOs) to show cause, according to a press release August 28. An order to show cause is a court order that compels a party or individual in a case to justify, prove, or explain something in court. The orders come as part of a state investigation into “what has become a trend of allegedly fraudulent companies looking to make quick money,” according to the press release. The investigations are being conducted under the…