About Author:
Osato Avan-Nomayo
Osato is a Bitcoin enthusiast with a flair for writing. When he isn't providing unique perspectives on the current happenings in the industry, he can be found pouring over old books on history and philosophy or trying to beat his Scrabble high score.
Self-proclaimed Bitcoin (BTC) creator Craig S. CSW (CSW) now has 20 days to prove his claims by producing the $9.2 billion in BTC held in the Tulip Trust. Meanwhile, Bitcoin SV (BSV), touted by CSW as being the true Bitcoin is currently on a roll, moving up the top 10...
With the European Union (EU) member states adopting the Fifth Anti-Money Laundering Directive (AMLD5), crypto exchanges in the region could see their compliance costs rise significantly. Meanwhile, financial regulators in the U.K. have moved to directly oversee AML compliance for cryptocurrency exchange platforms. More Compliance Costs Incoming for Crypto Exchanges...
As the second phase of its Fan Token Offering (FTO) draws near, Chiliz is offering free $CHZ as well as fan tokens of popular Football clubs like Juventus and Paris Saint-Germain (PSG). The FTO is the latest progress made by the sports blockchain firm following its strategic partnership with crypto...
The U.S. Securities and Exchange Commission (SEC) is seeking civil penalties and disgorgement from crypto entrepreneur Nikolay Evdokimov and his company, ICOBox for facilitating the sale of unlicensed securities via ICOs. SEC Wants ICOBox to Pay $16 Million Fine According to FinanceFeeds, the SEC wants the courts to issue a...
South Korean crypto exchange giant Bithumb is reportedly eyeing a significant investment in the Busan blockchain special zone. The move comes following the platform’s creation of a research and development center. Bithumb to Invest in Busan Blockchain Zone According to South Korea’s Ministry of SMEs and Startups, Bithumb is set...
The U.S. government has formally brought up charges against Virgil Griffith, a former researcher and scientist at the Ethereum Foundation. Griffith ran into trouble for traveling to North Korea to attend a crypto and blockchain conference after having been denied permission to travel by the U.S. State Department. Grand Jury...
UK-based currency exchange site Travelex is the latest victim of suspected cybercriminals demanding Bitcoin (BTC) ransom. The BBC reports that the alleged hackers want $6 million in BTC in exchange for the decryption of the company’s hacked files. $6 Million According to the BBC, currency exchange giant Travelex suffered a...
San Francisco-based Kraken says the increasing number of law enforcement requests across the globe is placing a significant strain on crypto exchanges. Since 2018, several platforms have been forced to go out of business for reasons other than being victims of cyber thefts. Global Rise in Compliance Costs In a...
The case against Telegram by the U.S. Securities and Exchange Commission (SEC) has hit a snag as a court has denied the Commissions requests to view the company’s financials, reports FinanceFeeds. First Blood to Telegram According to FinanceFeeds, a New York Southern District Court has struck out a motion by...
Venkata Meenavalli, former CEO of Longfin Corp. has finally settled with the U.S. Securities and Exchange Commission (SEC) according to a statement issued by the Commission earlier in January 2020. Longfin was one of the companies that made a pivot into blockchain and crypto during the 2017 bull run. Meenavalli...
