Tag Archives: AA News

Nayib Bukele – president of El Salvador – recently took to Twitter with some mining numbers. It appears that the country’s developing volcanic mining facility has produced its first Bitcoin. Volcanic Bitcoin As revealed by Bukele earlier today, the gains produced by the volcano are still small. However, the president still seemed quite enthusiastic to have gotten the project started, showing his new numbers alongside a single heart emoji. At the time of posting, the facility...

Roughly a month after getting exploited for the second time this year, Cream Finance has reported that it has recovered more than $16 million of the funds. CryptoPotato reported on August 31st this year when the decentralized finance protocol Cream Finance suffered another security breach – this time, roughly $25 million in ETH and AMP were stolen. At the time, the team behind the project promised to investigate the manner and provide frequent updates. Now, approximately a...

The digital asset trading venue Independent Reserve received approval from the Monetary Authority of Singapore (MAS) to provide crypto services in the Asian city-state. Additionally, the regulator also greenlighted the brokerage arm of DBS Bank. Independent Reserve Invades Singapore According to a recent report, the MAS enabled the Australian-based cryptocurrency platform – Independent Reserve – to offer digital payment token services to retail and institutional investors in...

Popular social media giant TikTok has announced that it will be venturing into the non-fungible token (NFT) space by leveraging content from some of its top creators. The short video-sharing platform, which recently crossed 1 billion global users, said its NFT collection, dubbed TikTop Top Moments, will feature content from six “culturally” important videos from creators. Some of those names included Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FN...

The largest US-based cryptocurrency exchange has admitted to being exploited earlier this year when hackers stole assets from approximately 6,000 users. The company vowed to reimburse all affected users. According to a copy of the letter sent to the affected customers, which was available on the website of California’s Attorney General, the exploits took place somewhere between March and May 20th this year. It reads that an unauthorized third party had gained access to the...

Accesswire published a press release today claiming that Ripple had finished its battle with the SEC. Stuart Alderoty– General Counsel for Ripple– promptly responded by calling the story false. Accesswire has since removed the story from their site. What Did The Press Release Say? Though the original link has been taken down, Accesswire’s article was archived in advance. The story was titled “SEC vs. Ripple Legal Fight is Over” and claimed Ripple had announced that the SEC...

The digital fintech platform COTI has announced its latest products that will provide Visa debit cards and bank accounts to users. Its partner in the initiative is the financial institution Simplex. COTI’s New Services COTI (Currency Of The Internet) – a blockchain platform allowing organizations to build their own payment solutions – has expanded its product line. According to an announcement shared with CryptoPotato, it teamed up with the fintech firm Simplex to introduce...

Speaking at CNBC’s Delivering Alpha conference on Sept. 29, a16z partner Katie Haun said the U.S. should look towards China for what not to do. She was referring to Beijing’s incessant crackdowns on the crypto industry and any activities related to the trade of digital currencies. In her view, financial regulators in the U.S. should be doing the exact opposite, but at the moment, it appears they are following in China’s footsteps with moves to over-regulate crypto rather than...

El Salvador’s state-owned digital wallet company “Chivo” will be granting citizens a discount on fuel payments. This provides greater incentives for citizens to use Bitcoin as a medium of exchange. Chivo Partners With Major Gas Companies Nayib Bukele – President of El Salvador – announced the new benefit yesterday over Twitter. The reveal was part of a longer thread on the nation’s efforts to reduce the cost of fuel in the country. The government will be absorbing further...

The world’s largest cryptocurrency exchange, Binance, continues to employ high-profile investigators as part of efforts to boost the company’s compliance measures. New Audit and Investigations Lead for Binance In an official press release on Thursday (September 30, 2021), Binance announced that Tigran Gambaryan will be the company’s new VP of Global Intelligence and Investigations. Gambaryan’s hire comes after working 10 years as a Special Agent with the US Internal Revenue...