Achain

Achain ACT

$0.0095
Market Cap $ 9.259 MM (#519)
24h Volume $ 9.243 MM
Chg. 24h: -2.86%
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Achain News

A small act of kindness can make a big difference to our cho...

A small act of kindness can make a big difference to our chosen charities. Which cause has caught your eye?… https://t.co/M34Q2NQ7w1

22 days ago

Check out this overview of macaroons on the Storj Network an...

Check out this overview of macaroons on the Storj Network and how they act as API keys to enable decentralized acce… https://t.co/B7vLWMxUyL

a month ago

Here, there was no one report or set of figures that could a...

Here, there was no one report or set of figures that could act as a verified source of truth. If 3 sources say ther… https://t.co/jrLt0wALbn

2 months ago

Energy consumption and #sustainability are major side effect...

Energy consumption and #sustainability are major side effects of #blockchain. Here's how industry leaders can act n… https://t.co/DYgANcXyHh

2 months ago

Dear #Achainers, The Achain 2.0 (ACT) swapping is automati...

Dear #Achainers, The Achain 2.0 (ACT) swapping is automatic and there’s no need to worry about the manual swappin… https://t.co/BcJLESJxza

2 months ago

@rabbilaufer @uche_blackstock Also slow to act as curve went...

@rabbilaufer @uche_blackstock Also slow to act as curve went back up. Need to roll back or lockdown locally fast, b… https://t.co/6ThgNPAPIp

3 months ago

The Status Network has a mission driven by our Principles, w...

The Status Network has a mission driven by our Principles, which act as connective tissue uniting projects and givi… https://t.co/rYzC0SYAXF

3 months ago

We have received feedback from users that some people are us...

We have received feedback from users that some people are using Achain (ACT) for false advertising and other unscru… https://t.co/I3XpnJ1Fw7

3 months ago

“Education is the power to think clearly, the power to act w...

“Education is the power to think clearly, the power to act well in the world’s work, and the power to appreciate li… https://t.co/xxzJLIWXdu

3 months ago

"Advancing Blockchain Act Calls for Federally-Led Deep-Dive ...

"Advancing Blockchain Act Calls for Federally-Led Deep-Dive Into the Nascent Tech" via @Nextgov New legislation to… https://t.co/pnRODHFjdQ

4 months ago

The US Senate on May 20 passed legislation called Holding Fo...

The US Senate on May 20 passed legislation called Holding Foreign Companies Accountable Act that could prevent Chin… https://t.co/4FAYYuMi6k

4 months ago

#Announcement: The Achain mainnet upgrade has been complete...

#Announcement: The Achain mainnet upgrade has been completed. No swapping is required now, stay tuned with us.… https://t.co/NHUZci3Krt

5 months ago

@jungleincxrp Depending on how large the decrease in market ...

@jungleincxrp Depending on how large the decrease in market value is, our Oracle will act accordingly to ensure the… https://t.co/O5UoB7XEDH

5 months ago

@stephenchip @sladecrypto @xrpemonty Depending on how large ...

@stephenchip @sladecrypto @xrpemonty Depending on how large the decrease in market value is, our Oracle will act ac… https://t.co/V9Vv3foorL

5 months ago

Our principles act as tools for thinking, communication, and...

Our principles act as tools for thinking, communication, and decentralized decision making. Join a live discussio… https://t.co/UySl6OJNdr

5 months ago

@dmondevaim Our CEO @MarshallHayner wrote The Cryptocurrency...

@dmondevaim Our CEO @MarshallHayner wrote The Cryptocurrency Act 2020, it’s written from the perspective of an indu… https://t.co/1fd3GRD84C

5 months ago

To buy or not to buy — the main issue facing the #crypto wor...

To buy or not to buy — the main issue facing the #crypto world nowadays 🤯 If case you decided to act, here are the… https://t.co/dwRC191PUQ

6 months ago

Despite what yellow journalist media groups like @coindesk a...

Despite what yellow journalist media groups like @coindesk and @decrypt want you to believe, Cryptocurrency Act 202… https://t.co/rTZqpHqLnC

6 months ago

On March 9th, c introduced the "Cryptocurrency Act of 2020",...

On March 9th, c introduced the "Cryptocurrency Act of 2020", proposing which government agencies would have oversig… https://t.co/fJmjWkjYP3

6 months ago

The Cryptocurrency Act of 2020 sought to clarify which feder...

The Cryptocurrency Act of 2020 sought to clarify which federal agencies would have regulation over digital assets,… https://t.co/nnOCa9sqE7

6 months ago

The Crypto-Currency Act of 2020 recognizes three distinct ty...

The Crypto-Currency Act of 2020 recognizes three distinct types of crypto: 🛢 Crypto-Commodities 📑 Crypto-Securitie… https://t.co/FyHJegrBq3

6 months ago

Metal CEO @MarshallHayner introduced the Crypto-Currency Act...

Metal CEO @MarshallHayner introduced the Crypto-Currency Act of 2020 to Congress yesterday, a Bill designed to over… https://t.co/bsmixJPGR2

6 months ago

Dear #Achainers: Thanks for your continued support to #Acha...

Dear #Achainers: Thanks for your continued support to #Achain. Today we are pleased to announce that Achain Galaxy… https://t.co/3H0GPUvJJd

8 months ago

Achain Galaxy founder @TonyCuiAchain was invited by the @UN ...

Achain Galaxy founder @TonyCuiAchain was invited by the @UN to participate in the 74th #UnitedNations General Assem… https://t.co/Dt1pA194Hc

8 months ago

Singapore's Payment Services Act is Now in Force Introducing Licensing for Crypto Platforms

The Monetary Authority of Singapore (MAS) recently announced that its ‘Payment Services Act’ (PSA) has now come into effect, mandating the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. The new law replaces the Money-changing and Remittance Businesses Act and the Payment Systems (Oversight) Act. According to the announcement, “The Payment Services Act provides a forward-looking and flexible regulatory framework for the payments industry. The activity-based and risk-focused regulatory structure allows rules to be applied proportionately and to be robust to changing business models.” (JF)

8 months ago

Singapore Enforces Licensing For Crypto Exchanges

Singapore's new law, requiring cryptocurrency exchanges to register comes into force today. The Payment Services Act, which was first passed in January 2019 requires all cryptocurrency exchanges to be registered and licensed to operate in the country. Some of the requirements include anti-money laundering (AML) and counter financing of terrorism (CFT). Monetary Authority of Singapore (MAS) sees significant risks of money laundering due to the anonymous nature of cryptocurrencies. However, there is no uniform licensing. There are three different types of licenses depending on the kind of services provided, and different rules apply to them. Several exchanges, such as Zipmex, Liquid, and Luno are already working on acquiring the license. (VS)

8 months ago

Last Thursday, Congress introduced the "Virtual Currency Tax...

Last Thursday, Congress introduced the "Virtual Currency Tax Fairness Act of 2020" which involves the holding, and… https://t.co/OojWuZu0U9

8 months ago

US Congress will Reconsider Bill Proposing the Tax Exemption of Small Crypto Transactions

The “Virtual Currency Tax Fairness Act of 2020” has been reintroduced before lawmakers in the U.S. Congress. The bill proposes that small cryptocurrency transactions that qualify as personal transactions not be reported as a taxable event. Representatives David Schweikert and Suzan DelBene previously introduced the bill in 2017 but with a much larger exemption which has now been pared down to amounts that would qualify as ‘daily purchases’. The newly proposed bill also would exempt taxpayers from reporting as long as their capital gains are less than $200. (RS)

8 months ago

Ripple Spent $170,000 for Lobbying in 2019

Ripple Labs, the company behind XRP reportedly spent a total of $170,000 for its lobbying efforts in 2019. This is far lower than the money spent by other large tech companies and Ripple's own expense in 2018. They spent $450,000 on lobbying the previous year. According to opensecrets.org, a not-for-profit research group based in Washington D.C, the fintech firm was represented by 6 lobbyists last year. None of them were members of the congress. 4 were revolvers, and the remaining two were Ripple officials. The lobbied issues include two finance-related matters, one banking and one Science and technology issues. Also, Ripple alongside some other 8 top organizations such as IBM and Mastercard lobbied the Token Taxonomy Act of 2019, which has a bill number H.R.2144.(VS)

8 months ago

"This week, a group of congressmen put forth a new cryptocur...

"This week, a group of congressmen put forth a new cryptocurrency bill labeled the Cryptocurrency Act 2020, which c… https://t.co/3UyxzmxqHY

9 months ago

“Its Christmas Eve! Its the one night of the year when we al...

“Its Christmas Eve! Its the one night of the year when we all act a little nicer, we smile a little easier, we chee… https://t.co/zlZJrz5SLB

9 months ago

Newly Proposed Draft Bill Aims to Categorize Crypto

A U.S. lawmaker from the state of Arizona has introduced a draft bill which if passed into law, will bring regulatory clarity to the crypto industry. Dubbed the “Cryptocurrency Act of 2020”, the bill outlines which Federal agencies should be tasked with the regulation of digital assets. The bill clearly defines crypto into three types of asset classes: crypto commodities, cryptocurrencies, and crypto securities. Each asset would fall into the jurisdiction of a different regulatory body which will act as a Federal Digital Asset Regulator. If passed into law, it's likely that the Commodity Futures Trading Commission (CFTC), U.S. Securities and Exchange Commission (SEC) and the Financial Crimes Enforcement Network (FinCEN) would be responsible for overseeing the various categories. (RS)

9 months ago

US Congressman Introduces the 'Crypto-Currency Act of 2020'

The ‘Crypto-Currency Act of 2020’ was recently introduced in Congress seeking to bring regulatory clarity to the cryptocurrency industry in the United States. The Act defines three types of crypto assets: crypto-commodities, crypto-currencies, and crypto-securities, and lays out which Federal agencies should regulate each type of crypto assets. Crypto-commodities are economic goods or services, stored on a blockchain and will be regulated by the CFTC. Crypto-currencies are representations of U.S. currency or synthetic derivatives resting on a blockchain and will be regulated by FinCEN. Crypto-securities cover all debt, equity and derivative instruments on a blockchain, and will be regulated by the SEC. (JF)

9 months ago

CiperTrace Data Suggests Top 10 Retail Banks Unknowingly Service Crypto Startups

On Monday CipherTrace chief financial analyst John Jefferies published a report showing that the top 10 retail banks in the U.S. have worked with unregistered crypto companies by transmitting and processing funds on their payment networks. The data analytics provider also revealed a new tool designed to help banks identify and assess the risk profile of Virtual Assets Service Providers (VASPs). The data showed that most large banks process as much as $2 billion in undetected crypto-related transfers and this possibly poses a threat to banks looking to remain compliant with the U.S. Bank Secrecy Act and Financial Action Task Force’s regulations. The new tool is designed to flag the risks caused by cloaked connections between VASPs and bank payment systems and it produces risk scores for more than 500 crypto exchanges along with other VASPs. (RS)

9 months ago

Upbit Hackers Tried to Launder Money Using EOS Tokens

Last month, hackers managed to hack South Korean cryptocurrency exchange Upbit and stole a total of $48.7M (342,000 ETH). It was the seventh major exchange hack this year. Exchanges were quick to act, immediately marking the coins. Most major exchanges have committed to freezing the funds if they ever make it to their platform. To clean their funds, hackers are taking advantage of decentralized exchanges. Since the hack, at least $50 million has been on the move. Whale alert notified about a large volume of stolen funds being converted to an EOS-pegged token called VEOS. It would eventually be converted to cash. (VS)

9 months ago

Bank of Lithuania Unveils World's First Blockchain-Based Digital Collector Coin

Lithuania is set to offer the world‘s first blockchain-based digital collector coin as the Bank of Lithuania has announced the upcoming release of a coin dedicated to the Act of Independence of Lithuania on Feb. 16, 1918, and its 20 signatories. To show homage to the year the act took place, the coin will bear a denomination of 19.18 euros and will have a similar size and shape as a credit card. The bank plans on releasing 24,000 tokens to the public which will be divided into six categories based on the signatories area of activity, with 4,000 coins in each category. The tokens will be available for purchase on the central bank’s online store. (JF)

9 months ago

day, there is no better time to act on subscribing to these ...

day, there is no better time to act on subscribing to these types of tools. We assure that your edge will outweigh… https://t.co/pIjchj9U0z

9 months ago

Vitalik Buterin Promises to Help Free Ethereum Developer Arrested by FBI

Ethereum co-founder Vitalik Buterin has pledged to assist with freeing an Ethereum developer who was arrested by the FBI for allegedly assisting the North Korean regime with “using cryptocurrency and blockchain technology to evade sanctions.” Virgil Griffith was arrested on Nov. 29 for violating the International Emergency Economic Powers Act (IEEPA) when he traveled to the Democratic People’s Republic of Korea (DPRK). U.S. Attorney Geoffrey S. Berman said that Griffith violated the U.S. Department of State’s policy that prevents American citizens from traveling to North Korea to provide goods, services, or technology when he traveled to North Korea to participate in the “Pyongyang Blockchain and Cryptocurrency Conference” Vitalik Buterin has signed a petition to free Griffith and the Ethereum co-founder tweeted “I refuse to take the convenient path of throwing Virgil under the bus, because I firmly believe that that would be wrong.” (RS)

10 months ago

American Citizen Arrested For Helping North Korea with Crypto

United States prosecutors have arrested American citizen Virgil Griffith for allegedly helping North Korea with cryptocurrencies. He travelled to the Democratic People’s Republic of Korea (DPRK) to deliver a presentation on using cryptocurrencies to circumvent sanctions. 36-year-old Griffith was arrested at the Los Angeles International Airport. He will be charged with conspiring to violate the International Emergency Economic Powers Act (IEEPA), which carries a maximum sentence of 20 years in prison. Griffith knowingly provided information to North Korea that could be used to launder money and circumvent sanctions. He travelled to DPRK despite not receiving approval from the U.S. Department of State. North Korea is reportedly in its early stages to develop a cryptocurrency to evade US sanctions. (VS)

10 months ago

Libra is "Clearly a Security" According to US Lawmaker

A pair of US lawmakers on the House Financial Services Committee, Democrat Sylvia Garcia, and Republican Lance Gooden, recently proposed the ‘Managed Stablecoins are Securities Act of 2019’ which would classify Facebook’s Libra cryptocurrency as a security. According to a statement released by Garcia, Libra and other managed stablecoins “are clearly securities under existing law. Bringing clarity to the regulatory structure of these digital assets protects consumers and ensures proper government oversight going forward.” (JF)

10 months ago

US Lawmaker Says Stablecoins like Facebook's Libra are "Clearly Securities Under Existing Law"

A pair of US lawmakers on the House Financial Services Committee, Democrat Sylvia Garcia, and Republican Lance Gooden, recently proposed the ‘Managed Stablecoins are Securities Act of 2019’ which would classify Facebook’s Libra cryptocurrency as a security. According to a statement released by Garcia, Libra and other managed stablecoins “are clearly securities under existing law. Bringing clarity to the regulatory structure of these digital assets protects consumers and ensures proper government oversight going forward.” (JF)

10 months ago

New Zealand Police Seize $42 Million in Crypto During Movie Piracy Bust

New Zealand’s national police force has announced the seizure of around NZ$6.7 million (USD$4.2 million) in cryptocurrencies and NZ$1.1 million (USD$700,000) in bank funds from a man who is alleged to be involved in online movie piracy in the U.S. The funds were seized under the Criminal Proceeds Recovery Act (CPRA) from Jaron David McIvor, a 31-year old software programmer. The CPRA is a civil-based process where a high court judge must decide whether someone has accumulated wealth and benefits through significant criminal activity. (JF)

10 months ago

Grayscale Bitcoin Trust Files to Become First Bitcoin Fund to Report to the SEC

Grayscale Investments, which offers the publicly traded Grayscale Bitcoin Trust (GBTC) Bitcoin fund, announced that they recently filed a Form 10 with the U.S. SEC in an effort to become the first crypto fund to report directly to the SEC. Grayscale notes that if the filing is deemed effective by the SEC, they will have to make several changes to certain aspects of the fund’s operation. If accepted, the fund will be designated as an SEC reporting company and will require it to register its shares under the Exchange Act and comply with the SEC’s auditing standards. (JF)

10 months ago

Achain team participated in the 21st China High-Tech Fair, w...

Achain team participated in the 21st China High-Tech Fair, where representatives from various parties in the indust… https://t.co/zYdBAAzU9M

10 months ago

Block.One Is Finally Stepping In To Solve The EOS Mess

Block.One, the creator of EOS is ready to solve the recent EOS mess. Last week, users were unable to participate in a vote for block producers due to an airdrop, and EOS has been riddled with multiple controversies. The official statement read, "we now feel ready to begin playing our proportional role, with the focus of continuing to support healthy upgrades of the EOS network." However, the question of centralization still remains. Eos.One holds 9.5% of total EOS tokens. It is one of the most centralized blockchains as its top 100 accounts hold more than 69% of the tokens and its block producers have a large control of the chain. A recent report even addressed EOS as a cloud database as it does not act like a blockchain. (VS)

10 months ago

Dutch Court Orders Facebook To Take Down Fake Bitcoin Ads

Cryptocurrency scams have become rampant with the resurgence of the market. The latest victim is John de Mol, a Dutch television producer. Advertisements of the celebrity promoting Bitcoin-related scams started appearing on Facebook. When John requested Facebook to take down the ads, the social media giant failed to respond. So he took them to the courts and won. The Dutch court concluded that Facebook's primary business model is through ads, and it is their obligation to act on them. Failure to remove the ads will result in a fine of 1.1. Million Euros. Facebook has already taken down the fake ads. (VS)

10 months ago

Malta Is Using Blockchain To Become The Fastest Growing Economy In Europe

As the European Union continues to grow for its seventh consecutive year, Malta is leading the pack with 4.2% growth in 2020. Most of it is driven by Malta embracing new technologies such as blockchain and cryptocurrencies. Malta is home to several large cryptocurrency exchanges, such as Binance. The Europian Union's average economic growth rate has been downgraded from 1.4% to 1.2% due to a period of high uncertainty related to trade conflicts, rising geopolitical tensions, persistent weakness in the manufacturing sector and Brexit. However, Malta has managed to stay comfortable by investing its resources in future technologies. Malta is known as the “blockchain island” for its regulatory frameworks that support the industry. The government passed the Malta Digital Innovation Authority Act, the Innovative Technology Arrangement and Services Act, and the Virtual Financial Assets Act in 2018, making Malta a highly attractive destination for blockchain companies. (VS)

10 months ago

Rep. Davidson Sees Future for Blockchain in US Manufacturing

Congressman Warren Davidson has reiterated the need for clear blockchain industry regulations to protect the economic dominance of the United States. In response to a November 4 letter published in the Wall Street Journal, he stated that allowing fear to slow down efforts will cost the U.S its global superiority. The report raised concerns about automation of manufacturing costing Americans their jobs. The congressman also touched on the Token Taxonomy Act and entreated his fellow members of the house to do away with their fear of blockchain and get the Act passed into law. He once again cited the need to maintain economic and technological dominance as his reasons. (EA)

10 months ago

Einstein Cryptocurrency Exchange Seized by Canadian Regulators

The Vancouver-based Einstein cryptocurrency exchange has been shut down by regulators in the Canadian province of British Colombia following allegations that it owes more than $16 million to its customers. The Supreme Court of British Columbia appointed the auditing firm Grant Thorton Limited to act as the interim receiver on Nov. 1 and the firm entered and secured the exchange’s premises on the same day. These actions came following “numerous complaints about customers being unable to access their assets on Einstein exchange,” while it had also received word from a lawyer representing the exchange that “it planned to shut down within 30 to 60 days due to a lack of profit.” (JF)

a year ago

Ripple Founder: China's Blockchain Endorsement Puts Pressure on U.S Regulators to Act

Chris Larsen, the founder of Ripple, has opined that Chinese president Xi Jinping's endorsement of blockchain technology has placed pressure on U.S regulators to act. According to Larsen, U.S regulators will now have a sense of urgency when it comes to creating clear guidelines for emerging fin-tech solutions. The Ripple founder cited the lead role the U.S played in the growth of the internet. He believes regulators have been slow to act on blockchain technology because of how the technology affects the banking sector. Ripple's new Washington D.C office is working on educating policymakers on blockchain technology. (EA)

a year ago


News courtesy of berminal.com
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