US Court Orders Craig Wright to Provide Bitcoin Ownership Records

The United States District Court of the Southern District of Florida issued an order on May 3 requiring self-proclaimed Satoshi Nakamoto Craig Wright to produce a list of his public bitcoin (BTC) addresses. The order is part of an ongoing case against Wright filed by the estate of computer scientist David Kleiman, which claims that Wright stole hundreds of thousands of BTC. The coins were worth over $5 billion dollars in February last year, when Kleiman’s estate first sued Wright. The order illustrates a number of the plaintiffs’ requests. They…

Exchange Gate.io Sees Almost $3 Billion in Orders in First Week Of IEO for Native Token

Chinese cryptocurrency exchange Gate.io saw almost $3 billion worth of orders placed during the first phase of its in-house token sale, the company confirmed in a blog post on April 14. Gate, which offers cryptocurrency-only trading, is currently raising funds to support its projects through the issuance of Gatechain Tokens (GT), which users will ultimately be able to use for trading fee payments. The tokens do not yet exist, the exchange currently offering so-called “Gate.io POINTs” in the ongoing sale, which will be exchangeable for GT at a maximum rate…

California Slaps Bitcoin Trader with 2-Yr Jail Term, Orders $823K Forfeiture

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The end of the road has finally come for the Rosarito, Mexico-based bitcoin dealer Jacob Burrell Campos, a US citizen who will forfeit more than $800k in ‘ill-gotten gains, according…

Gatecoin Crypto Exchange to Shut Down on Court’s Orders

Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Announced yesterday, the company distributed the message to customers via their corporate website. There, the team behind the project explained the suspension of the service occurred after months of battling to stay afloat, and ultimately, a court order to wind-up and cease operations immediately. In its public statement, the company blamed its prior payment service provider (PSP) for this situation. The exchange…

Russia Crypto Adoption | President Putin Orders Crypto Regulations

According to a document published on the Russian President’s official website, Vladimir Putin has ordered the Russian Government to adopt cryptocurrency regulations by July 1st this year. The move will help Russia crypto adoption. Setting the deadline, the Russian President has ordered the body to enforce crypto-related regulation for the digital assets industry. Russia Crypto Adoption The transcript reads the following: “Federal laws aimed at the development of the digital economy, including determining the procedure for conducting civil law transactions in electronic form, as well as regulating digital financial assets…

Russian President Putin Orders Government to Adopt Crypto Regulation by July 2019

Russian President Vladimir Putin has issued another deadline for the government to adopt regulations for the digital assets industry, according to instructions for the Federal Assembly. The document was published on the official website of the President of Russia, Kremlin.ru, on Feb. 27. According to the document, Pres. Putin has ordered the government to enforce crypto-related regulation by July 1, 2019. The President has required the Council of the Federation of Russia and the lower house the Federal Assembly of Russia (Russian State Duma) to adopt the regulation during the spring…

Texas Securities Regulator Reveals 16 Orders Issued to Suspect Crypto Investments in 2018

The Texas State Securities Board (SSB) issued a total of 16 orders against suspected cryptocurrency scam investments in 2018, the regulator revealed in its 2018 Enforcement Report published on Feb. 7. Targeting actors luring Texas residents with various investment schemes, the SSB said it had successfully cited a total of 60 people and entities over the twelve-month period that reportedly sold unregistered securities. Scams included the now-infamous BitConnect, an investment racket which lost almost its entire market cap after a string of revelations about its authenticity worldwide. “Promoters of cryptocurrency-related…

Ethereum Flash Crashes to $13 on Coinbase, Low Orders Filled

Earlier today, the Ethereum price temporarily fell to $13 on GDAX, a high performance trading platform operated by Coinbase. According to former forex trader and cryptocurrency analyst Cole Garner, low orders in the range of $13 to $60 were actually filled on the platform. Garner published screenshots of GDAX that showed successfully filed orders at $55 and $65. As of December 7, the price of Ethereum (ETH) remains at $85 and at the lowest point of the day, ETH dropped to $83. At $55 and $65, Garner was able to…

Colorado State Commissioner Issues New Cease-and-Desist Orders Against …

Colorado Securities Commissioner Gerald Rome has issued a new batch of cease-and-desist orders against unregistered Initial Coin Offerings (ICOs) operating in the state, taking the total number of signed orders against ICOs in Colorado to 18. Today’s orders follow last week’s order issued by the North Dakota’s financial regulators against a Russian-based ICO that promoted unregistered securities by impersonating Liechtenstein-based Union Bank AG. Per an official notice from the regulator, Rome signed the new orders against Global Pay Net, Credits LLC, CrowdShare Mining and CyberSmart Coin Invest for allegedly publishing…

Italian Securities Watchdog Orders Unauthorized Crypto Companies to Cease and Desist

The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered three crypto-related companies providing unauthorized investment services to cease and desist, an official release states Monday, Nov. 19. The first company, a trading platform called Richmond Investing, has purportedly violated the Consolidated Law on Finance (TUF) — a fundamental law governing Italian financial markets — by failing to register as a financial intermediary in the country. The  Italian securities market regulator has also suspend the activities of two other companies, Crypton Ltd. and Eagle Bit Trade, along with…