Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

The Downfall of a crypto Kingpin: A Tale of Unlicensed Advice The digital currency world can often feel like the Wild West, with pioneers and outlaws vying for their piece of digital gold However, the lawmen of this frontier, like the Australian Securities and Investments Commission (ASIC), ensure that order is maintained Their latest crackdown saw John Bigatton, a notable player in the cryptocurrency game, facing the music for offering unlicensed financial advice linked to BitConnect The Beginnings of Trouble In the latter part of 2017 to the dawn of 2018, Bigatton took center stage, hosting seminars and harnessing the power of social media to promote BitConnect coin Launched in 2016, BitConnect promised enticing investment returns, luring in scores of unsuspecting investors...

The Bold Path Forward for Cryptocurrency Platforms: A Lesson From Recent Events Recently, the cryptocurrency world received a sharp reminder about the importance of compliance and operational integrity A well-known cryptocurrency exchange found itself under the magnifying glass of the U S Justice Department for failing to adhere to the Bank Secrecy Act (BSA) between the years 2015 and 2020 This case has brought to light critical issues facing the crypto industry and sheds light on the path forward for cryptocurrency platforms...