Tag Archives: AA News

Eric Adams – newly elected mayor of New York City – is following through on his promise to receive his first paycheck in Bitcoin. Some of his salary will even be converted to Ether – the second-largest cryptocurrency. The Paycheck Promise The City of New York confirmed the payment decision from its official site earlier today. The Mayor’s paycheck will automatically be converted into Bitcoin and Ethereum when he receives it tomorrow. In November, Miami Mayor Francis Suarez...

The digital asset exchange – CryptoCom – came up with an official statement regarding the latest attack on its platform. The company revealed that the incident affected nearly 500 people, but they were fully refunded. The Saga Had a Happy End In its most recent report, CryptoCom disclosed that it first found out about the issue in the early hours on Monday (January 17). The monitoring systems of the trading venue detected unauthorized activity on a small number of user...

While there have been calls by the cryptocurrency community for the SEC to provide clearer regulation for the industry, one of the agency’s commissioners thinks otherwise. SEC Does Not Need to Re-Invent the Wheel Allison Lee, a Commissioner for the U.S. Securities and Exchange Commission (SEC), while appearing at a D.C. bar event on crypto regulation, has said that cryptocurrencies do not need a special set of rules. According to Lee: “Rather than pursuing approaches that...

The central banking institution of the largest country by landmass – the Bank of Russia – urged the local government to impose a blanket ban on all cryptocurrency endeavors on Russian territory. It argued that digital assets remind of a pyramid scheme, undermine the sovereignty of monetary policy, and threaten the local financial network. Russia Calls for a Crypto Ban Many Russian authorities do not classify as the most crypto-friendly politicians since they have repeatedly...

US-based cryptocurrency custody and exchange Gemini has made its latest acquisition, with the company purchasing the trading technology startup, Omniex. Gemini announced the news of the acquisition in a blog post on Wednesday (January 19, 2022). According to the exchange platform, Omniex will be integrated into Gemini Prime, which was publicly launched following the acquisition. Prior to the latest development, Gemini Prime was only accessible to a select number of customers...

Serena Williams – arguably the best female tennis player to have ever played the game, at least measured by Grand Slam titles – has bought a Bored Ape NFT. Serena Williams is one of the most influential tennis players of the open era, having won a total of 23 Grand Slam titles in her career up to date. It appears, though, that she is also an avid enthusiast of non-fungible tokens (NFTs). Her current Twitter profile picture is a pixelated Crypto Punk-inspired display. The...

The vice-chair of the European Securities and Markets Authority (ESMA) – Erik Thedéen – urged the EU financial regulators to prohibit the cryptocurrency mining model known as proof-of-work. He also claimed that bitcoin has turned into a “national issue” for his homeland Sweden because of the amount of renewable energy devoted to mining the asset. ‘The Solution Is to Ban Proof-of-Work’ In a recent interview for the Financial Times, Erik Thedéen (also Director-General of...

Privacy-focused startup Nym Technologies has developed the first block for its Nym mainnet and has started onboarding validators ahead of its mainnet launch. Onboarding Network Validators In a press release shared with CryptoPotato on Wednesday, Nym noted that it has welcomed some top firms as its network validators, including the telecommunications giant Swisscom, Dokia Capital, Chorus One, Nodes.Guru and a few others from the community like Commodum. The validators will...

Hedera – a distributed public ledger for Web 3 dapps – recently voted to buy the intellectual property rights for the hashgraph consensus algorithm from Swirlds, Inc., one of the Hedera Governing Council’s founding members. Furthermore, the project will be shifting to an open-source code model this year. Hedera’s Decentralization Plans According to a press release shared with CryptoPotato on Wednesday, the transition to open-source will take place under the Apache 2.0...

The leading banking service operator in Morocco – Attijariwafa Bank – has reportedly joined RippleNet. The latter is an international cross-border payment network designed by the American blockchain company Ripple. A local report revealed that Attijariwafa Bank had become a member of the RippleNet ecosystem. By joining the crypto world, the Moroccan financial institution has strengthened its position as an innovative banking leader in the North African region. As a result,...