Tag Archives: AA News

With the initial deadline for comments long expired, FinCEN has decided to extend the comment period for its proposed controversial crypto regulation for an additional 15 days.FinCen Sets New DeadlineThe Financial Crimes Enforcement Network (FinCEN), an office of the U.S. Department of Treasury, announced the news of the extension via a press release on Thursday (Jan. 14, 2021). FinCEN’s earlier deadline was set on January 4, 2021.Following the different requests for extension, it appears...

Recent data indicates that the number of Ethereum coins stored on exchanges has been gradually decreasing in the past year and showcased a massive drop in the past 24 hours alone.This causes speculations if the growing demand for ETH and decreasing liquid supply could skyrocket the asset price.Ethereum Held On Exchanges EvaporatesAccording to the cryptocurrency monitoring resource CryptoQuant, the number of ETH tokens stored on exchanges reached a 12-month high of over 14 million in the...

Cameron and Tyler Winklevoss are reportedly exploring the option of making their cryptocurrency exchange Gemini public. The brothers could follow the steps of other US-based digital asset-related companies with similar intentions, such as Coinbase and Bakkt.Gemini To Go Public?Bloomberg reported today that the founders of the US-based crypto exchange Gemini are open to the idea of going public.“We are definitely considering it and making sure that we have that option. We are watching the...

New Zealand’s financial regulator has warned investors of the dangers of investing in Bitcoin. The comments were aimed at the recent fluctuations in the price of the major cryptocurrencies, which have shown quite the amplitude.Negativity, Led By The Recent Ups and Downs of BTC PriceNew Zealand’s Financial Markets Authority (FMA) has issued a candid warning for investors from the country, considering their take on cryptocurrency and mainly Bitcoin. A recent news report by the Herald quoted the...

Christine Lagarde, the President of the European Central Bank (ECB), believes that bitcoin requires a unified global regulation framework to work properly.Interestingly, Canadian businessman and Shark Tank star Kevin O’Leary also noted that the cryptocurrency could become “something of tremendous value” if world regulators back it up.ECB President On BTC RegulationsThe 65-year-old French politician and current President of the ECB has been calling on clear regulation for bitcoin for a while....

In yet another somewhat disappointing turn of events for Ledger users, the company has just revealed that they’ve discovered that the customer records for 20,000 ‘new’ users has been leaked during an incident with Shopify from back in the summer of 2020.In its most recent update, the cryptocurrency hardware wallet manufacturer Ledger revealed that 20,000 users, aside from 93% of those whose information was exposed in a previous attack, have seen their records leaked.Recently, we shared news...

European cryptocurrency payments company CoinGate has joined the likes of Coinbase and Binance US to remove Ripple (XRP) from its services. The firm justified its decision with the SEC charges brought on the payment processor as many of its partners had already stopped doing utilizing the XRP token.CoinGate Removes XRPHeadquartered in Lithuania, CoinGate enables bitcoin, ETH, and other digital assets to be used as a means of payment with traditional merchants. The company has a reported...

The topic of working COVID-19 vaccines has been widely discussed ever since the virus started spreading globally last year. Although a few have already been approved, their distribution faces difficulties and delays. This has prompted fraudsters to take advantage by promoting vaccines on the dark web and requesting up to $1,000 per dose paid via bitcoin.COVID-19 Vaccines On The Dark Web For BTCVaccines usually require years of research and testing before reaching people. However, the rapid...

The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements.More Users Led To Problems On CoinbaseCoinbase users located in the UK or the EU might have noticed that the services on the popular US exchange didn’t operate properly in the past two months. The platform displayed “partially...

Despite the bloodshed of this Monday, cryptocurrencies are still arousing the interest of the mainstream audience, and Vitalik Biterin, the creator of Ethereum, is aware of the great responsibility involved in developing a product that could revolutionize the world of finance… Especially if it comes with the responsibility of becoming your own bank.In a blog post dated January 11th, Vitalik spoke about the importance of developing methods that allow users to recover their wallets’ private...