Category Archives: AA News

IMF Pitches for Comprehensive Global Regulatory Policy for Cryptocurrencies

Taking note of how cryptocurrencies have emerged as a mainstream choice for a variety of purposes, IMF has called for a coordinated, consistent, and comprehensive global response to the evolving regulatory requirements. Need for Consistent Regulatory Policy Cryptocurrencies have come to be cross-border and cross-sector entities used for speculative investments, hedge against weak currencies, and… Read More »

Netflix Won’t Run Crypto Promotions When it Rolls Out Ad Services (Report)

The American streaming service giant – Netflix – is reportedly looking to launch a new advertising tier. Initially, the feature will be available in Australia and should go live before the year’s end. However, the company might not support some marketing campaigns with political, gambling, and cryptocurrency content. According to a report by The Sydney… Read More »

ETH Surges 7% Daily as Ethereum Network Prepares for Bellatrix Upgrade

The Bellatrix upgrade, which kicks off the final countdown for the Merge, is all set for today. It will essentially set the rest of the Merge process in motion, which is only days away. The price has also reacted in anticipation for what is the final upgrade before Ethereum’s network transitions toward proof of stake.… Read More »

Fake Ponzi Scheme Reportedly Raises $100K in a Bid to Boost Awareness

Popular cryptocurrency influencer and a well-known member of the community – FatManTerra – took it to Twitter to reveal that he deliberately created a fake Ponzi scheme to raise funds. The initiative supposedly saw upwards of $100,000 worth of BTC in investments. In two hours, I received over one hundred DMs. I raised 3.45% BTC from Twitter… Read More »

LG Taps Hedera Blockchain for NFT Marketplace

Seoul-based TV giant LG Electronics announced the launch of its non-fungible token (NFT) marketplace – LG Art Lab – potentially opening up NFT collecting to a much broader audience. With the latest platform, based on the Hedera blockchain, users will be able to explore, buy, sell and trade NFTs on LG’s smart television sets. LG… Read More »

Australian Federal Police Established a Crypto Unit to Target Criminals (Report)

The Australian Federal Police – an independent agency responsible for investigating crime and protecting the country’s national security – reportedly formed a new cryptocurrency unit. The goal is to detect criminals who use digital assets in their activities, such as money launderers, and bring them to justice. Applying strict regulations on the digital asset sector… Read More »

How to Benefit from Ethereum’s Merge: CoinGecko’s Co-Founder Hints

With the much-anticipated Ethereum Merge only days away, Bobby Ong, co-founder and COO of major cryptocurrency data aggregator CoinGecko, has shared some ways on how ETH holders can best take advantage of the upcoming event. In a tweet thread on Monday (September 5, 2022), Bobby Ong said that one of the best ways for existing… Read More »

UK Regulators Slam Crypto-Friendly Revolut Over Flawed Audits: Report

UK digital bank Revolut has come under the regulator’s scrutiny for inconsistencies in its auditing process. Citing sources familiar with the matter, FT reported that the Financial Reporting Council (FRC) criticized an audit by accountancy firm BDO of an unidentified “financial services provider” as “inadequate.” The FRC further revealed that the “risk of an undetected… Read More »

UK’s New Prime Minister Advocated for Pro-Crypto Regulations

The United Kingdom finally has a new Prime Minister of the United Kingdom in the face of Liz Truss, who spoke positively about the cryptocurrency industry several years ago. To become the UK’s next PM, Truss was chosen over Rishi Sunak (Chancellor of the Exchequer from 2020 to 2022), who also favors digital assets. Earlier… Read More »

Sanction Breaches Must Be Reported, UK Tells Crypto Exchanges in a Rule Update: Report

The United Kingdom’s Office of Financial Sanction Implementation (OFSI) has included “cryptoassets” in a list of assets that must be frozen if they belong to a person or company who is facing sanctions. These developments come as the list of sanctioned Russian entities continue to increase. Eye on Sanctioned Accounts, Breaches As per the new… Read More »