Aurelia Butler

The foundation of HDAO (HKD.com DAO) has announced that it is rolling out a new burning mechanism aiming to destroy 50% of the total amount of HDAO tokens.The burning mechanism was introduced following unanimous approval from stakeholders with the hope to have a better development by raising its values in the future. The burn will reduce the number of tokens from 10 billion to 5 billion.The main objective of the burn is to reduce the number of tokens in circulation which will in turn introduce scarcity to the market. All the burnt tokens will be destroyed and the whole process and burn record can be viewed on the chain.All the burning records can be viewed on this address: 0xa6dc25851c18db97d4af05dbea56ceaaf6bda0eeThe ratio of di …Continue reading on CoinQuora More

The price of Cardano (ADA) has finally reached the long-awaited level of $0.5. Analysts in the industry who have been tracking ADA for a while now kept warning the crypto community that $0.5 was the price that ADA would fall in. Now that the price of Cardano has reached this level, what will it do next?Continue reading on CoinQuora More

All of these are true. But there’s something perhaps just as consequential: scams, hacks, fraudulent exchanges, dumps and the like. Why? Every attack leaves a scar. And the scars are mounting fast.Continue Reading on Coin Telegraph More

Fan tokens and NFTs were first introduced to the sports industry to increase fan engagement via collectibles and voting mechanisms. However, Deloitte, one of the Big 4 accounting firms, envisions the industry further embracing crypto and blockchain technology over the coming years:Continue Reading on Coin Telegraph More

The price of Bitcoin (BTC) and other cryptocurrencies has been plummeting today, with the price of Bitcoin sinking below $30,000. Dogecoin and other currencies have also taken a hit.Bitcoin was trading at around $29,600 as of midday on Thursday, down more than 12% from its price just 24 hours ago. According to the COIN360 cryptocurrency heatmap, the total value of all cryptocurrencies has fallen by more than $600 billion over the past week.The sell-off was likely to be triggered by a number of factors, including investors’ fears about tighter regulation and the potential for a worldwide economic slowdown. In addition, the price of Bitcoin had been rising steadily in recent weeks, and some analysts believe that it was due for a correction.A day after Bitcoin rose by 5.33% to reach $30,204.92, it witnessed another drop today below $30,000. The world’s …Continue reading on CoinQuora More

Arthur Hayes, the co-founder and former CEO of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months of house arrest for violating US law by not establishing a compliant anti-money laundering (AML) program.This was announced after he was sentenced at a hearing in a federal court in Manhattan on Friday. In addition to his house arrest, he also has to serve two years of probation. Hayes has already paid a $10 million penalty in connection with a settlement with the US Commodity Futures Trading Commission.Prosecutors stated that Hayes made himself rich by closely monitoring, studying, and studiously ignoring US AML laws and regulations meant to stop financial institutions from moving funds for criminals and terrorists.Continue reading on CoinQuora More

On May 20, the US Securities and Exchange Commission (SEC) posted on Twitter (NYSE:TWTR) that they are pressing “charges against Wells Fargo Advisors for failing to file at least 34 Suspicious Activity Reports in a timely manner between April ‘17 & Oct ‘21. Wells Fargo Advisors, the St. Louis-based broker-dealer, agreed to pay $7M to settle the charges.”According to the SEC’s order, the system failed to reconcile the different country codes used to monitor foreign wire transfers due to the deficient implementation and failure to test a new version of its anti-money laundering (AML) transaction monitoring and alert system adopted in January 2019 by Wells Fargo Advisors.As a result, Wells Fargo Advisors did not file at least 25 Suspicious Activity Reports (SARs) relate …Continue reading on CoinQuora More