Major Canadian cryptocurrency exchange Coinsquare ordered to hand over client info to federal tax authorities

A major Canadian cryptocurrency exchange Coinsquare of Toronto has been ordered to render its client information to federal tax authorities following a first-of-its-kind court ruling. The Federal Court issued an order compelling Coinsquare Ltd. to reveal customer details to the Canada Revenue Agency as it expands its enforcement among cryptocurrency holders and traders. The tax agency […]

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MIT Media Lab begins major effort to strengthen Bitcoin security of its operating systems and networks, and penetration defenses

A new Bitcoin Software and Security Effort through the MIT Media Lab. The four-year research and development program will seek to harden the Bitcoin network and guide the industry’s commitment to funding open source software. This will include contributing to Bitcoin Core development as well as  long-term research, such as investigations into the stability of fee-based […]

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Drug maker Fresenius Kabi Oncology pays $50 million after guilty plea to destroying records before FDA plant inspection

Drugmaker Fresenius Kabi Oncology Limited (FKOL) was sentenced to pay $50 million in fines and forfeiture after pleading guilty to concealing and destroying records prior to a 2013 U.S. Food and Drug Administration (FDA) plant inspection. The United States charged FKOL with violating the Federal Food, Drug and Cosmetic Act by failing to provide certain […]

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Coinbase pays $6.5 million to settle charges by CFTC of fraudulent “wash trades” in Bitcoin and Litecoin

The US Commodity Futures Trading Commission (CFTC) said on Friday digital asset exchange Coinbase Inc paid $6.5 million to settle charges it reported misleading transaction data that potentially inflated the apparent trading volume on its professional GDAX platform. The fine was issued for  “wash trades” in litecoin and bitcoin by a former Coinbase employee on […]

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Securities and Exchange Commission issues first ever enforcement action on securities fraud on the darknet

The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet. The dark web was designed to let users access the internet anonymously and it is intentionally hidden requiring special software to access the content. It is […]

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Securities & Exchange Commission charges trader with fraud for false tweets alleging yield over $900,000 in profits

  The Securities and Exchange Commission has issued fraud charges and an asset freeze against a trader who used Twitter to spread false information about a defunct company. According to the SEC’s Complaint, the trader, Andrew Fassari secretly profited $900,000 by selling his own holdings of the company’s stock. The SEC complaint said he used […]

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Telemarketers pay $4 million to end case of soliciting patients and paying telemed docs for prescriptions for compounded drugs for kickbacks

Two telemarket company owners Jack Lee Stapleton and Jack Hunter Stapleton will pay $4 million to end allegations they engaging in schemes to generate prescriptions for compounded drugs and refer those prescriptions to pharmacies in exchange for illegal kickbacks. Many of those prescriptions were billed to TRICARE, the federal health care program providing insurance for […]

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SEC charges AT&T and three execs with selectively providing nonpublic information to research analysts

The Securities and Exchange Commission has charged AT&T, Inc. with repeatedly violating a securities regulation prohibiting disclosure of nonpublic ionformation, and three of its Investor Relations executives with aiding and abetting AT&T’s violations, by selectively disclosing material nonpublic information to research analysts. According to the SEC’s complaint, AT&T learned in March 2016 that a steeper-than-expected […]

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