SEC Alleges John McAfee Pumped Tokens for Profit

news Jed McCaleb, the founder of Mt. Gox, faces a lawsuit over his handling of the now-defunct bitcoin exchange. The two plaintiffs, former Mt. Gox traders Joseph Jones and Peter Steinmetz, filed a complaint with a court in California on May 19, accusing McCaleb of “fraudulent” and “negligent” misrepresentation of the exchange, which partially led…

On April 18, Avi Eisenberg was convicted of fraud for his October 2022 exploit of Mango Markets. The case has grabbed particular attention because Eisenberg quickly acknowledged executing the $110 million attack, and characterized his tactics not as a crime, but as a “highly profitable trading strategy,” leaning on his interpretation of the dictum that

news When Kik’s board of directors decided to support the company’s pivot to crypto, one of the board members described it as a “hail Mary pass.” It was early 2017 and the Canadian mobile messaging startup, having depleted its venture funding, was months away from firing everyone and calling it quits. The seven most promising…

U.S.-based crypto exchange Coinbase is in talks with Canadian banking giants, trying to convince them to support the crypto ecosystem in that nation, which the company recently entered as it grapples with regulatory uncertainty in its home country.In an interview with CoinDesk, Lucas Matheson, the director of Coinbase’s Canada operations, said that he’s been having…

A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some. The decision confirms the FTX estate’s second amended bankruptcy plan, which was filed in September and met with the approval of 96% of voting creditors by

Jamie Crawley is a CoinDesk news reporter based in London.A trio of European cryptocurrency firms are teaming up to bolster their digital asset trading offering to institutions.Crypto exchange LMAX Digital and Standard Chartered-backed custodian Zodia Custody are to provide institutional-grade trading infrastructure and custody to digital asset manager CoinShares (CS.ST), according to an emailed announcement…

BTC's long-term options market indicator continues to signal bullish bias. Key indicator shows signs of bargain hunting during the price drop. Bitcoin (BTC) has had a horrible August, falling over 13% to as low as $50,000 in the first five days due to several factors, including the unwinding of yen carry trades and concerns about

Sep 9, 2020 at 11:41 UTCUpdated Sep 9, 2020 at 12:20 UTC(David Benito/Getty Images)Bitcoin, Mescaline and Parallel WorldsLeah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. Have you ever asked a fellow Bitcoiner about the time they tumbled down…

Aug 1, 2020 at 15:05 UTCUpdated Aug 1, 2020 at 15:17 UTCEthereum Classic (ETC) suffered a 3,693-block chain reorganization early Saturday morning, an attack first noticed by cryptocurrency miner Bitfly. The reorganization caused all state-pruned nodes to stop syncing and is is likely caused by a 51% attack, Bitfly said.The attack lasted for roughly 15.4…