Tag Archives: AA News

Afek Zard – an Israeli resident – will spend the next eight years behind bars for stealing 75,000 DASH coins worth 22 million Shekels or roughly $7 million from a close friend. Apart from the jail time, the man will pay a fine of $1.5 million and compensation to the victim for $80,000. Beware of Friends When Dealing with Crypto The Be’er Sheva District Court sent to prison for 8 years the 27-year-old Afek Zard, who embezzled 75,000 digital coins worth around $6.8 million....

PayPal’s co-founder, David Sacks, recently warned that big tech companies and political operatives are on the verge of creating a “No-Buy” list for controversial creators, platforms, and firms. Cryptocurrency was invented in part to solve problems like this. Sacks warned readers of Common Sense with Bari Weiss on Substack that large corporate payment processors, including PayPal, are hard at work to build what is, in essence, a “No-Buy” list, a play on “No Fly” lists. Sacks...

Global fintech leader Broadridge Financial Solutions, Inc. announced today that UBS – the world’s largest private bank – has now joined its distributed ledger repo (DLR) platform. What Broadridge Offers Broadridge is a corporate services company and global fintech leader that provides technological solutions for banks, mutual funds, and other corporate issuers. Their DLR platform allows banks and other market participants to execute and settle repo transactions by utilizing...

Jessica Angel, a Colombian artist, has been at the forefront of creating the largest blockchain-based augmented reality art installation in Vancouver, Canada. Called Voxel Bridge, it was supported by the Kusama Network and installed by Spheroid Universe. Kusama Helps in Creating Blockchain-Based AR Experience According to a press release shared with CryptoPotato, the under side of the south end of Vancouver’s Cambie Bridge has become the hub for innovative public art forums....

According to a recent press release, the popular cryptocurrency exchange, Poloniex, has agreed to pay a fine upwards of $10 million to the United States Securities and Exchange Commission. The release reads that the company has agreed to pay the fine for operating an unregistered digital asset exchange. According to the order of the SEC, from July 2017 to November 2019, when Poloniex sold out the platform, it was operating a web-based trading platform that wasn’t registered,...

In light of recent regulatory scrutiny on the entire industry from global watchdogs, digital asset exchanges have attempted to enhance their efforts in order to comply with emerging legislation. The latest to outline its strategy is FTX, as the company’s CEO explained. FTX’s KYC/AML Endeavors The cryptocurrency space saw massive growth in the past year or so, and somewhat expectedly, its highly unregulated nature caught the attention of global watchdogs. Centralized digital...

The Securities and Exchange Commission has targeted the Cayman Island-based Blockchain Credit Partners (BCP), along with Gregory Keough and Derek Acree, for selling unregistered securities from February 2020 to February 2021. $30 Million Trough Token Sales According to a recent press release, the executives allegedly used smart contracts to sell two types of tokens that the SEC considered securities. More precisely, those were mTokens, which could be bought with “specific...

Brazil continues to make progress in creating new investment opportunities related to cryptocurrencies. This week, it launched a brand new Bitcoin ETF —with a green twist. Under ticker BITH11, the Hashdex Nasdaq Bitcoin Reference Price replicates the performance of the Nasdaq Bitcoin Reference Price Index. This would, in turn, be the second ETF available in Brazil offering 100% exposure to Bitcoin, competing against the QR CME CF Bitcoin Reference Rate or QBTC11 that was also...

The controversy surrounding the cryptocurrency taxation bill that might be passed in the United States has evoked a mixed reaction from crypto proponents. While the debate is still ongoing, Jack Dorsey, a popular Bitcoin advocate and CEO of the popular microblogging platform, Twitter, has recently shared his views on the matter. In a series of tweets today, Dorsey noted that it would be unreasonable to force these reporting rules as some firms may not have the capacity to...

The Argentine professional footballer Lionel “Leo” Andrés Messi has left Barcelona after staying with the Spanish giant for over two decades. Now, rumors go wild where the living legend may end up, with PSG and its token feeling positive effects. Messi Departs From Barca Messi’s previous contract with Barca expired on June 30th, and the player had become a free agent for the club. Although both parties agreed to a five-year extension, the contract cannot take place due to La...