Blockchain 

Crypto PIVX Denies Vulnerability Allegations, Says Users’ Funds Are Safe

Developers of the private transactions cryptocurrency PIVX replied to crypto consulting firm Lunar Digital Assets regarding claims its blockchain was vulnerable to a bug.  In a reply published on Aug. 13, PIVX developers addressed claims made by Lunar Digital Assets CEO Han Yoon. They argued that there has been no resurgence of attacks on its proof-of-stake (PoS) algorithm, and that neither PIVX nor its users’ funds are at risk. According to the post, PIVX fixed its “fake stake” exploit in February, and its network stability and chain trust are not…

Read More
Bitcoin 

Court Denies Craig Wright’s Motion for Judgment in Kleiman V. Wright

Judge Bruce Reinhart has denied a motion from Craig Wright in the ongoing Kleiman V. Wright saga. Wright apparently filed for a judgment on the pleadings in a two-pronged attack — neither of which met with sympathy from the court. The court issued its decision on Aug. 15. As stated in the court document, Wright presented a factual attack, which was that the court lacked subject matter jurisdiction. For his facial attack, Wright argued that Kleiman’s estate failed to properly specify the citizenship of its parties. These attacks were aimed…

Read More
Ethereum 

Judge Denies AT&T Request for Dismissal in $224M SIM Swap Crypto Case

The federal judge overseeing Terpin v. AT&T — a legal battle pertaining to stolen crypto via SIM-swapping that has been going on for almost a year — has denied the telecom giant’s motion for dismissal. As previously reported by Cointelegraph, investor Michael Terpin had sued AT&T for $224 million. Terpin reportedly lost $24 million as a result of theft, and is seeking an additional $200 million in punitive damages. Terpin claims that he lost the foregoing assets in two hacks within seven months, due to the telecom provider’s alleged cooperation…

Read More
Ethereum 

Tron Price Plunges as Justin Sun Denies Money Laundering Accusations

Tron founder and CEO Justin Sun denied illegal fundraising, porn transaction facilitation, gambling and money laundering accusations in a post on Chinese social media platform Weibo published on July 23. Chinese media accuses Tron founder of money laundering Earlier today, Chinese media 21st Century Business Herald claimed in an article that unspecified sources informed its reporters that Justin Sun is still on Chinese territory. The website also cites concerns over alleged pornography-related transactions in his Peiwo social media, fundraising and gambling. The outlet further suggests that Sun cannot leave the…

Read More
Bitcoin 

Reserve Bank of India Denies Knowledge, Involvement in Draft Bill to Ban Crypto Entirely

The Reserve Bank of India (RBI) has denied having any knowledge or involvement in a draft government bill that would ban cryptocurrencies, an official document released on June 4 shows. Varun Sethi, a lawyer specializing in blockchain, filed a Right to Information request with the RBI following a report by India media outlet the Economic Times in April that suggested several government departments have backed a complete ban on the “sale, purchase and issuance of all types of cryptocurrency.” Although the RBI refused to answer some of Sethi’s questions, the bank confirmed it has had no…

Read More
Bitcoin 

Cryptocurrency Project OneCoin Denies Ponzi and Pyramid Scheme Claims

Cryptocurrency project OneCoin is denying claims that it is a “hybrid ponzi-pyramid scheme” and scam, news outlet Samoa Observer reported on May 14. OneCoin is purportedly a cryptocurrency Ponzi scheme project, that raised hundreds of millions of dollars worldwide by luring investors with the promise of big returns and minimal risk. An investigation by the United States found that the project’s founders had generated 3.353 billion euros ($3.769 billion) in sales revenue. In April, a church in the Pacific nation of Samoa became at the center of scrutiny after ministers…

Read More
Blockchain 

EBay Denies Rumors It Will Start Accepting Crypto, Despite Advertising at Crypto Event

EBay has denied rumors that it is going to start accepting cryptocurrency as a payment method, according to a Bloomberg report on May 14. Speculation has been mounting since the e-commerce giant took out ads at the Consensus conference in New York City. One of the billboards said: “Virtual Currency. It’s happening on eBay.” It has been suggested that this week’s surge in crypto prices, which has happened without explanation, was linked to hopes that eBay was preparing to embrace crypto. Given how the online auction site bills itself as “the world’s largest marketplace,” such…

Read More
Blockchain 

Crypto Exchange Bittrex Denies Claim of North Korean Users on Its Platform

American cryptocurrency exchange Bittrex has said that claims of North Korean users trading on its platform are false in a tweet on April 22. In the post, Bittrex stated that it had examined two accounts which allegedly belonged to users from North Korea, noting that it had investigated the same accounts back in October 2017. The exchange claims that South Korean residents mistakenly choose North Korea in the country dropdown menu. Bittrex said that it determined where the users were from through country identification, and physical and IP addresses, concluding…

Read More
Bitcoin 

New York Denies Bittrex BitLicense Application Citing Inadequate Compliance

The New York Department of Financial Services (NYDFS) has denied a BitLicense application from the Bittrex cryptocurrency exchange on April 10. In a letter to Bittrex CEO Bill Shihara, NYDFS explained that the exchange had inadequate policies and controls regarding Anti-Money Laundering (AML), Know Your Customer (KYC) and Office of Foreign Assets Control (OFAC) standards. Bittrex applied for its BitLicense — which is required to conduct virtual currency related business in the state of New York — in August, 2015. Bittrex had been operating under the terms of a “safe…

Read More
Ethereum 

OmiseGo Denies Acquisition by Thailand’s Biggest Private Company

Hasegawa Jun, the founder of Omise — the company behind OmiseGo (OMG) — denied the recent acquisition rumors in correspondence to Cointelegraph Japan on March 30. On March 29, cryptocurrency news outlet The Block Crypto reported that Charoen Pokphand Group, Thailand’s largest private company, had acquired Omise for $150 million. Shortly afterward, Omise answered an inquiry by Cointelegraph Japan, denying the rumors. In his correspondence with Cointelegraph, Jun further noted that he requests The Block to immediately remove the story, publish an apology statement and issue a correction to the…

Read More