Tag Archives: AA News

Less than a year after Chainalysis placed BitMEX into its “high risk” cryptocurrency exchanges zone, the company has reversed its decision. The analytics company has conducted an internal review of the derivatives exchanges, which has strived to improve its AML compliance lately. BitMEX faced extreme scrutiny last year when most of its executives at the time, including Arthur Hayes, Benjamin Delo, and Samuel Reed, were indicted by the US government with accusations of...

NBA legend Charles Barkley said that his financial advisors do not recommend involving with cryptocurrencies. However, he did not specify why they have such a negative opinion on digital assets. Barkley’s Advisors Say No to Crypto In a recent interview for CNBC, the former professional basketball player Charles Barkley revealed that the people who run his financial operations are not keen on virtual currencies. As he said, one of the advisors even insisted on being fired if...

Bakkt Holdings recently announced a partnership with Quiznos to launch the pilot for their new Bitcoin payment system. This will allow Bakkt users to purchase food at some Quiznos locations in Denver using the digital asset. Quiznos: Buy a Sandwich With Bitcoin Bakkt users will be able to utilize the pilot in certain Quiznos stores across Denver starting this month. This includes the high-traffic Denver airport location. Chief Revenue Officer at Bakkt, Sheela Zemlin, expanded...

The Ethereum blockchain is scheduled to undergo the London hard fork, and several exchanges are taking precautions to ensure users’ funds remain secured once the hard fork is successfully deployed.  At block height 12,965,000, estimated to take place tomorrow (August 8th, 2021), Ethereum was scheduled to undergo the hard fork, and two scenarios are likely to occur; either the chain is split, and there’s a competing network with a new token or no new token is created, and most...

A Russian court ordered Sberbank to restore access for a customer involved in Bitcoin trading. The authorities added that the largest bank in Russia should not have blocked the account as the client had provided all the necessary information about his cryptocurrency operations. Sberbank Had No Right to Ban The Account The Sverdlovsk Regional Court in Yekaterinburg ordered Sberbank, also referred to as Sber, to unblock account services to a client who has been dealing with...

The Founder and CEO of FTX – Sam Bankman-Fried – revealed that the increased number of cryptocurrency regulations forces him to spend around five hours a day dealing with it. Furthermore, he asserted that the exchange would keep supporting Tether (USDT) despite the controversy. ‘We Have to Stay on Top’ During a recent interview for CNBC, the 29-year-old Sam Bankman-Fried said that he has to spend a considerable part of his day handling cryptocurrency regulatory measures and...

During an interview with Bloomberg, Gensler admitted that he is intrigued by the cryptocurrency space, but that wouldn’t deter him from protecting US investors via enhanced regulations on the market. Being deeply familiar with the blockchain space, as he taught DLT classes at the Massachusetts Institute of Technology (MIT), Gensler was expected to have a straightforward approach when it comes down to regulating the industry when he took charge at the SEC earlier this year. So...

CoinJar, a leading Australian cryptocurrency exchange, has recently partnered with the payment processing giant Mastercard to launch a new prepaid card to make digital asset services accessible to mainstream users. CoinJar Launches Crypto Card In an official blog post published on Tuesday, the exchange disclosed that the new CoinJar card will allow users to make purchases with their crypto assets wherever Mastercard is accepted. This initiative will enable Australians to...

The BTC fund flow towards exchanges has been gradually declining in recent weeks, while the number of tokens transferred has registered a sudden spike, revealed on-chain data. As such, CryptoQuant’s CEO indicated that larger players have become active again with numerous OTC deals. BTC OTC Deals On The Rise Apart from digital assets changing hands on cryptocurrency exchanges, over-the-counter (OTC) financial markets enable investors, typically such using more substantial...

The American payments processor – PayPal – will reportedly expand its digital asset endeavors by building a designated cryptocurrency team in Ireland. The firm appears to be ready to broaden its scope to other countries, too. PayPal Advances in Ireland According to the local media Independent, PayPal is looking to assemble a new team highlighting the company’s ambitions to deeply embrace the digital asset market. The future employees will fill crypto-focused roles in...