Tag Archives: AA News

The Biden Administration announced on January 27th that it will launch a new legal framework for cryptocurrencies in the coming months to combat the multiple cryptocurrency scams that impacted the crypto market last year, causing multi-million dollar losses. According to a statement published by the White House, “2022 was a tough year for cryptocurrencies.” Hence, this new regulatory framework aims to ensure that cryptocurrencies cannot undermine the financial stability of...

The United States Securities and Exchange Commission (SEC) is targeting investment advisors for potentially offering digital asset custody to its clients without meeting proper criteria. Citing three unnamed sources, Reuters reported that the Commission is probing advisers’ efforts to follow the rules around custody of clients’ digital assets after the implosion of FTX. The investigation has not been made public yet, but the enforcement staff of the SEC has sought details...

A new bill introduced to the New York Senate seeks to make certain cryptocurrencies a legal form of payment for state agencies. This would include accepting crypto as payment for civil penalties, fines, taxes, and other fees charged by the state.  As detailed in the legislation set forth on Thursday, accepted cryptocurrencies would include Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, though it could include more.  Specifically, the legislation describes cryptocurrency as...

The popular on-chain sleuth ZachXBT recently called out two growing Twitter accounts for perpetrating multiple NFT-related scams over the past month.  The analyst explained the timeline of events on Friday, including their sudden rise to prominence and the rug pulls they’ve managed to pull off.  Calling Out the Scammers As outlined in the analyst’s Twitter thread on Friday, Twitter handles @radako and @Fitz_lol suddenly began using NFT profile pictures and tweeting about NFTs...

The United States Securities and Exchange Commission (SEC) rejected the joint effort of Ark Investment Management and 21Shares to list a spot Bitcoin ETF on the Cboe BZX Exchange. The agency dismissed another application filed by the partners in the spring of 2022.  As indicated in a recent filing, the American financial regulator did not allow Ark 21Shares’ BTC Spot ETF to launch on the US market. The product was supposed to be listed on the CBOE BZH Exchange. However, the...

Bitcoin payment and wallet company Strike has partnered with fintech giant Fiserv to integrate Bitcoin’s lightning network with the point-of-sale terminal provider, Clover.  This will allow certain Clover merchants to accept lightning payments, expanding Bitcoin’s use case as a medium of exchange.  Dollars Over Lightning As explained by Strike CEO Jack Mallers over Twitter on Thursday, the integration effectively allows Clover to accept “cash-final” USD over lightning....

More troubles for South Korean crypto exchange Bithumb brews as its offices were reportedly raided on Thursday. Authorities launched an investigation into potential price manipulation of a coin listed on the platform, according to a report by Yonhap. The token in question has not been revealed. Prosecutors said they are probing transactions linked to a specific person or entity allegedly manipulating the coin’s price to make a profit. In a statement, the Seoul District...

Amazon is reportedly working on a digital assets company that will power an NFT marketplace this spring. According to sources interviewed by the media outlet Blockworks, the retail giant has been buying digital collectibles companies from various players in the crypto ecosystem to power its new venture. So far, Amazon has invested in layer-1 blockchains and crypto gaming companies and has hired developers from NFT companies and cryptocurrency exchanges for its own blockchain...

Crypto exchange Deribit is planning to move its main headquarters to Dubai as soon as the third quarter of this year. The Bloomberg report suggests that the new office will be staffed by a team of 10 people comprising both domestic hires alongside the exchange’s core employees. Roles in management, compliance, and support will be housed in the Dubai office. According to Deribit Chief Legal, Compliance, and Regulatory Officer David Dohmen, some employees will continue to be...

Early Bitcoin adopter and executive chair of Bitcoin.com, Roger Ver, said he has “sufficient funds” to pay Genesis Global after being hit by a lawsuit by the now-bankrupt crypto broker’s unit – GGC International. The Bitcoin Cash proponent noted that he is happy to pay the amount he owes but pointed out that the agreement requires Genesis to remain solvent. In a new Reddit post, Ver claimed that Genesis failed to provide him assurances about its finances. The Digital Currency...