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…

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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…

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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…

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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…

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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…

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Bitcoin 

US Court Denies Ex-Mt. Gox CEO Karpeles’ Motion to Stay Lawsuit Against Him

Former CEO of now-defunct Bitcoin (BTC) exchange Mt. Gox, was denied his motion to stay the United States lawsuit against him in light of rehabilitation proceedings in Japan, fintech news agency FinanceFeeds reported on March 1. On Thursday, Feb. 28, the motion by ex-Mt. Gox CEO Mark Karpeles was reportedly denied by the Illinois Northern District Court judge Gary Feinerman. The court also ruled to extend the deadline to submit responses to any already provided discovery requests to May 15, 2019. Karpeles filed a motion to stay the U.S. case…

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Bitcoin 

UAE’s Largest Real Estate Firm Emaar Denies Reports That It Accepts Crypto: Bloomberg

The United Arab Emirates’ (UAE) largest real estate development firm, Emaar Properties, has officially denied reports that it enabled crypto payments for property, Bloomberg reported on Feb. 20. Known for developing the world’s tallest building, Burj Khalifa — located in Dubai — the firm told Bloomberg that it currently accepts only fiat currencies, such as UAE Dirhams (AED) or United States dollars as payment for property purchases. The publication cited an Emaar Properties spokesperson as providing the confirmation. In the report, Bloomberg cited Australian crypto-focused website Micky as one of…

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Ethereum 

Ethereum Denies It Is Mulling $15 Mln Investment to Develop Verifiable Delay Functions

The Ethereum Foundation has refuted alleged plans to spend a prospective $15 million on the development of Verifiable Delay Functions (VDFs) for use in its transition to a Proof-of-Stake (PoS) network. The clarification was made by Foundation researcher Justin Drake in private correspondence with Cointelegraph on Feb. 8. A report from crypto news outlet CoinDesk had purported that the Foundation was considering an investment of $15 million to develop the technology, given its prospective benefit for Ethereum’s future transition to a PoS-based system. Drake however told Cointelegraph in an email…

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Bitcoin 

Japan’s Financial Regulator Denies Interest in Bitcoin ETF

Japan’s Financial Services Agency (FSA) has denied that it is considering allowing Bitcoin (BTC) exchange-traded funds (ETFs), Cointelegraph Japan reports Jan. 9. As Cointelegraph reported Monday, Bloomberg has recently published an article claiming that Japan’s FSA is considering the approval of a Bitcoin ETF, citing an anonymous source. Following the reports, Cointelegraph Japan has contacted the regulator, and the FSA’s representatives have denied Bloomberg’s claims, stating: “At this moment, we are not exploring an approval of ETFs based on crypto assets.” The agency’s staff also told Cointelegraph Japan that they…

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