Tag Archives: AA News

Following a trial against the recently arrested suspects connected to the infamous Thodex crypto exchange, a Turkish court has sent six people to jail. The brother and the sister of the company’s CEO, who reportedly escaped with $2 billion of users’ funds, were among them. Actual Jail for Six Suspects The $2 billion crypto scandal in Turkey has become one of the hottest topics in the country recently. According to authorities, the CEO of the local crypto exchange Thodex has...

The National Project Management Agency of the Presidency of the Republic of Uzbekistan, or NAFT, published plans to remove some of the crypto restrictions in the country. The government agency proposed to allow local residents to purchase digital assets for both domestic and foreign currency inside the former Soviet republic. Will Crypto Return in Uzbekistan? According to a local report, one of the main government institutions in Uzbekistan – NAFT – intends to lift some of...

The number of companies and organizations accepting bitcoin and other crypto assets as payment instruments continues to grow. The latest coming from the US are from the food industry – Muscle Maker Grill and numerous chain restaurants operated by one parent company – Landry’s. Buy Food With Bitcoin Founded in 1980, Landry’s Inc. is privately-owned multi-brand dining, hospitality, entertainment, and gaming corporation operating multiple smaller companies. During a recent CNBC...

Bitcoin whales have used the mid-April price slumps to accumulate more portions once again, suggests on-chain data. Additionally, a key technical metric outlined “huge” potential for another upside movement as BTC challenges $58,000. BTC Whales Bought the Dip Bitcoin went through a roller-coaster of a month in April. Being regarded historically as a bullish month for the primary cryptocurrency, it didn’t disappoint at first and delivered a new all-time high on the 13th....

Shortly after Coinbase became a publicly-traded company, some of its long-term backers sold their portions and netted significant profits. Such is the case with Union Square Ventures and the Intercontinental Exchange, as both pocketed more than $1 billion. ICE Sell Off Coinbase Shares CryptoPotato reported in mid-April the significant milestone in the entire cryptocurrency industry when the giant US-based exchange Coinbase officially went public on Nasdaq through a direct...

Coinbase is to purchase the UK-based crypto resource firm Skew to enhance its efforts for providing real-time actionable data analytics to traders and institutions. Both parties said that Skew’s platform will be integrated with Coinbase Prime.  Founded in 2018 in London, UK, Skew is a cryptocurrency-oriented data analytics company providing investors with “modern, credible, and regulatory compliant tools.”  The firm announced that Coinbase has agreed to acquire it and...

The inability of US authorities to implement clear and precise regulations on the cryptocurrency industry is “frustrating,” commented the CEO of Ripple – Brad Garlinghouse. The executive also blasted the country’s regulator for being the only world watchdog insisting that the XRP token is a security. US Trails Behind Other Nations For Crypto Clarity With the growth of the cryptocurrency industry in the past year or so, world regulators began discussing more actively what type...

IOHK and World Mobile have teamed up on an initiative that will use Cardano’s blockchain to create digital identities, mobile internet connection, and financial acceptance to communities in Tanzania. Tanzania To Benefit From Cardano The continent of Africa, consisting of 1.3 billion people, has a huge problem with Internet connection. As revealed, more than half of the population – 700 million, have no access to it. Tanzania is no exception. Moreover, the East African country...

U.S. regulators are looking for ways to organize and adapt their laws to the rapidly changing world of cryptocurrencies. A bill to create a joint force between the SEC and CFTC to better understand and regulate cryptocurrencies has already been passed in the House and is ready to be introduced in the Senate. The Eliminate Barriers to Innovation Act of 2021 seeks to shed some light on the complicated regulatory landscape that hinders the development of cryptocurrency...

The Federal Service in the USA arrested a Russian-Swedish citizen Roman Sterlingov on suspicion of laundering nearly $336M in bitcoin for the last 10 years. The criminal will appear in court and face three charges – money laundering, money laundering without authorization, and unlicensed money transmission. The Fraud Over The Last 10 Years According to a recent report, US officials have arrested the leader of Bitcoin Fog – Roman Sterlingov. The Russian-Swedish admin of the...