Nano Cryptocurrency Facing Second Class-Action Lawsuit Over BitGrail Hack

For the second time, Nano’s developers and other parties are facing a class action lawsuit. The lawsuit names Francesco Firano, Nano as an entity, BitGrail, and four others in a lawsuit proposed Friday in a California federal court. Among the allegations against them are fraud and violations of the Securities Act. The lawsuit alleges the

The post Nano Cryptocurrency Facing Second Class-Action Lawsuit Over BitGrail Hack appeared first on CCN

Nano Cryptocurrency Facing Second Class-Action Lawsuit Over BitGrail Hack

For the second time, Nano’s developers and other parties are facing a class action lawsuit. The lawsuit names Francesco Firano, Nano as an entity, BitGrail, and four others in a lawsuit proposed Friday in a California federal court. Among the allegations against them are fraud and violations of the Securities Act. The lawsuit alleges the

The post Nano Cryptocurrency Facing Second Class-Action Lawsuit Over BitGrail Hack appeared first on CCN

Crypto Crash Offers Investors Tax Write-off Opportunity

Amidst a dreadful year for crypto investors, a significant upside to the dismal performance of their assets could be that the losses could end up saving them a significant amount of tax if they understand how to record and file appropriately. Under the U.S. tax code, bitcoin investors who got “rekt” in 2018 can use

The post Crypto Crash Offers Investors Tax Write-off Opportunity appeared first on CCN

Romania: Bitcoin Exchange CEO Vlad Nistor Arrested for Money Laundering, May Face US Extradition

According to a local Romanian news outlet Ziar de Cluj and others, Vlad Nistor — the CEO of Romania-based Bitcoin exchange CoinFlux — has been detained on behalf of the US government and is awaiting extradition. He was arrested in the city of Cluj-Napoca on Tuesday, according to another outlet. The crypto exchange has not disclosed

The post Romania: Bitcoin Exchange CEO Vlad Nistor Arrested for Money Laundering, May Face US Extradition appeared first on CCN

FATF: UK Crypto Exchanges Pose ‘Low’ Money Laundering, Terrorist Financing Risk

The Financial Action Task Force (FATF) revealed that crypto exchanges operating in the United Kingdom pose low money laundering (ML) and terrorist financing (TF) risks. The global standard setter for ML/TF published a report to evaluate the overall efforts that the UK has put in combating the money-related illegal activities. As the study touched on

The post FATF: UK Crypto Exchanges Pose ‘Low’ Money Laundering, Terrorist Financing Risk appeared first on CCN

Denmark’s Tax Agency Targets 2,700 Nationals for Hiding Bitcoin Trades

Skattestyrelsen (SKAT), the Danish tax agency, has accelerated crackdown against a large number of nationals who secretly traded bitcoin on a Finnish crypto exchange. According to information shared by the Swedish Tax Agency, a total of 2,700 Danes purchased circa $5.80 million worth of bitcoins from the exchange but sold them back for $6.1 million in

The post Denmark’s Tax Agency Targets 2,700 Nationals for Hiding Bitcoin Trades appeared first on CCN

NYDFS Hastens Response to BitLicense Applications

According to data obtained from the source – the New York Department of Financial Services itself – the financial regulator has only responded to 9 of 36 BitLicense applications submitted since 2015. Five have been denied, four have been approved, the rest are still going through the process. Fortune writer Robert Hackett became interested in

The post NYDFS Hastens Response to BitLicense Applications appeared first on CCN

Why a Little-Known Crypto Mining Firm is Suing Bitcoin Cash’s Biggest Backers

After reporting on the story that Miami-based UnitedCorp had filed suit against Roger Ver, Jihan Wu, Bitmain, Bitcoin.com, and Kraken exchange, CCN had the opportunity to talk to Lawry Trevor-Deutsch, Vice President of Corporate Affairs, about the motivation for the lawsuit. The first thing that should be disclosed is that UnitedCorp says that it is not

The post Why a Little-Known Crypto Mining Firm is Suing Bitcoin Cash’s Biggest Backers appeared first on CCN

Coinbase CTO: ‘BUIDL’ Trademark Will be Given Back to Crypto Community

CCN previously reported on a move by Coinbase to trademark the crypto rallying cry “BUIDL,” but it turns out there’s nothing to fear. According to Coinbase CTO Balaji Srinivasan, Coinbase has no interest in actually using the trademark in any way that prevents others in the community from using it themselves. They’re doing so for

The post Coinbase CTO: ‘BUIDL’ Trademark Will be Given Back to Crypto Community appeared first on CCN

Lawsuit Accuses Crypto Heavyweights Bitmain & Roger Ver of Hijacking Bitcoin Cash

A company by the name of UnitedCorp is taking a number of Bitcoin Cash actors to court today, filing documents that very clearly outline what they believe to have been a conspiracy which worked out to their detriment. UnitedCorp is short for United America Corporation, a Florida firm which works in experimental blockchain technologies including

The post Lawsuit Accuses Crypto Heavyweights Bitmain & Roger Ver of Hijacking Bitcoin Cash appeared first on CCN