Bitstamp Receives BitLicense in New York The Slovenian exchange Bitstamp has snatched a BitLicense. The coveted license allows crypto companies to run their business in New York. Bitstamp has confined its business to Europe since launching in 2011. With its move to New York the exchange seeks primarily to attract institutional investors from the US. […]
Elon Musk Becomes CEO of Dogecoin On the first of April the popular @dogecoin twitter account started a poll on who should become the CEO of Dogecoin. The suggestions were Vitalik Buterin, Charlie Lee, Elon Musk and Marshall Hayner. When the poll’s winner seemed to become Elon Musk with 49%. Another user tweeted this to […]
QuadrigaCX’s Ex-Lawyer Hints at Untold Story of the Exchange An ex-lawyer of QuadrigaCX made the statement that QuadrigaCX went down the “path of lawlessness” in 2015 already. Back then QuadrigaCX hired Duhaime Law, Christine Duhaime’s law firm to set up a statutory prospectus. A document that the SEC requires from entities that aims to collect […]
AriseBank CEO Pleads Guilty – $4.2 Million Scam The founder of AriseBank, Jared Rice has pleaded guilty to the charges against him. Rice has scammed investors out of $4.2 million by selling security tokens. He claimed that he would give investors Visa credit cards and accounts insured by the Federal Deposit Insurance Corporation. None of […]
QuadrigaCX: Creditor Committee Founded The two law firms Miller Thomson and Cox & Palmer have appointed a committee to represent the customers of QuadrigaCX. The committee consists of Parham Pakjou, David Ballagh, Eric Bachour, Ryan Kneer, Magdalena Gronowska, Eric Stevens and Nicolas Deziel who have all been customers of QuadrigaCX. So far, the two law […]
QuadrigaCX: Co-Founder Patryn Was a Scammer Bloomberg reports that Gerald Cotten, the deceased CEO of QuadrigaCX, cooperated with a person called Michael Patryn. The two started to work on the idea since 2013. However, in his own words, Patryn describes that he stopped working for Cotten when they had a “fundamental disagreement” in 2016. The […]
QuadrigaCX Has to Find Another Legal Representative Ernst and Young (EY) the legal monitor of the QuadrigaCX case has found out that the exchange has a conflict of interests with the law firm of the exchange, Stewart McKelvey. EY did not mention any further details of the affair. However, the law firm does no longer […]
Canadian Court Grants Quadriga CX Creditor Protection The Canadian court has granted QuadrigaCX two of its requests. Jennifer Robertson asked for both in an affidavit a week ago. Robertson is the wife of the deceased Gerald Cotten and one of the two court-appointed directors of QuadrigaCX. The first request was to extend the creditor protection […]
Legal Monitor of QuadrigaCX: Here are QuadrigaCX’s Empty Cold Wallets The legally appointed monitor of QuadrigaCX, Ernst and Young, could finally provide the blockchain addresses of the exchange. All of these wallets are empty. Except for $400,000 that a user sent to one of the addresses accidentally. This means that funds amounting to about $100 […]
QuadrigaCX Director Jennifer Robertson Filed Affidavit to Appoint Restructuring Officer Jennifer Robertson, the wife of QuadrigaCX’s CEO Gerald Cotten, has filed an affidavit to appoint a chief restructuring officer (CRO). Currently, the two remaining directors of QuadrigaCX are her and Tom Beazley. Neither of whom have experience in the crypto sector or in leading a […]
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