x
Robinhood Crypto Pays $15M Fine In Anti-Money Laundering Settlement
The online brokerage firm Robinhood has landed themselves in regulatory trouble after it has emerged that their crypto division will have to pay a New York regulator a $15 million settlement following an anti-money laundering probe.
According to filings with the SEC, Robinhood disclosed that they were facing penalties over anti-money laundering and cybersecurity. Resulting in a $15 million penalty and the addition of a monitor who will ensure that the firm adheres to anti-money laundering and cybersecurity practices. Read More
BTC-Secured RSK Unveils Decentralized Sharing Economies
Amidst the meteoric growth of DeFi infrastructure on Ethereum, the RSK smart contract blockchain is enabling the development of faster, easier, and highly scalable dApps on top of the Bitcoin network.
RSK Positions Itself As A Leading L2 Platform On Bitcoin Network
The rapid appreciation in the value of cryptocurrencies has led to rampant speculation, with hundreds of DeFi applications flooding blockchain networks. Ethereum may currently hold the lion’s share of DeFi, but BTC network-based smart contracts like RSK now facilitate the growing demand for DeFi on the Bitcoin network. Read More
Australian government awards $4M in grants to two blockchain startups
The new investment aims to explore blockchain’s capability to expand the competitiveness of Australia’s critical minerals and food and beverage industries.
Everledger, a company focused on building a global registry for diamonds, has received 3 million AUD ($2.2 million) to investigate blockchain technology’s use cases for creating digital certifications for critical minerals through the extraction and movement phases. As previously reported, the firm was deploying blockchain tech by software giant IBM for a transparency platform for the diamond industry. Read More
New Samsung service Paperless adds document disposal to enterprise blockchain
Samsung SDS, the information and communication technologies (ICT) arm of Samsung, launched a new service named Paperless to provide reliability and transparency of documents in a cloud environment.
Launched as a cloud-based blockchain-as-a-service (BaaS) solution for enterprises, Paperless manages sensitive documents such as contracts, consent forms and certificates on blockchain to prevent forgery and falsification. According to the official announcement, the new service can be used in various fields such as voting or tasks that require various proof documents. Read More
London Met Police Seize Record-Breaking $250M Worth of Crypto
Scotland Yard has confiscated £180 million (almost $250 million) worth of cryptocurrency, beating the previous record set just three weeks ago.
As per the Met’s statement published on Tuesday, the seizures were carried out by the Met’s Economic Crime Command and form part of an ongoing investigation into international money laundering. Read More
BLOCKCHAIN CONSOLIDATION AMPLIFIES CARDANO’S PRESENCE ON A GLOBAL SCALE
While the Markethive Social Market Network continues to work very closely with Cardano with its integration to the Cardano Blockchain, a lot is happening with the many other facets of Cardano and IOG to further establish their presence in this evolving world of technology. Its technology can assist in a new redistribution of power and give people greater freedom, bringing the world together with a more equitable landscape.
As we anticipate the imminent rollout of Markethive’s multifunction news feed interface, gamification platform, and migration to the Cardano blockchain, I will outline some of the amazing initiatives IOG has set into motion; with the announcement of a historical event and the recognition, Cardano has received of late. This is all wonderfully exciting news putting Cardano at the forefront as one of the fastest-growing, most stable, most mature, and systematic cryptocurrency projects. Read More
Fidelity's Crypto Branch to Increase Staff by 70%, President Sees 'More Interest in Ether'
According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for ethereum. Read More
Payments Provider Clear Junction Stops Processing Payments for Binance
On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Read More
Crypto Exchange CEO Says Huge Grayscale Bitcoin Trust Unlock Doesn’t Matter for BTC – Here’s Why
Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, doesn’t agree with opinions about the impact of the upcoming Grayscale Bitcoin Trust (GBTC) unlock.
About 40,000 BTC worth more than $1.32 billion will be unlocked from the Grayscale Bitcoin Trust this month, and analysts at JP Morgan have predicted that it could be a bearish catalyst since it gives holders a chance to sell their shares. Read More
Tax Haven Citizenship Loophole for US Crypto Folk May Not Stay Open for Long
A Russian ex-pro sailor has been touting a tax haven investment program for American crypto traders who are looking for legal loopholes to help them escape paying capital gains tax on their profits. But the program could have a shelf life if global regulators succeed with plans to come down harder on tax havens.
The program is named Plan B Passport and is fronted by a Russian ex-pat who lives in America, the former professional sailor Katie Ananina (26). The company’s system works thusly: American bitcoin (BTC) and altcoin traders pay into investment projects in one of seven tax haven countries that all waive crypto capital gains levies for investors. Read More
What sets Cardano Foundation’s first-ever NFTAs apart from regular NFT?
Cardano [ADA] has seen an explosive period of growth. This time, it has come up with the world’s first NFTAs. Not one, not two, but a total of ten NFTAs.
Thanks to its ambitious roadmap, the Cardano protocol has managed to capture the minds of the community as it works towards positioning itself as the “Internet of Blockchains”. And to celebrate the launch of the brand-new developer portal, Cardano Foundation has come up with a rather interesting course of action that includes dipping its toes into the world of non-fungible tokens. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
