Laws

Brazil announces tougher penalties for crypto money launderers.

Money launderers in Brazil who turn to digital currencies will face longer prison sentences and higher fines if a proposed bill gets through parliament. The proposed bill doubles the monetary penalty and prescribes over 16 years in maximum jail time for convicted offenders. Money laundering through cryptocurrencies has become a concern for many governments across countries in recent times, with some like China arresting over 1,000 this year for it. Brazil lawmakers proposed an amendment to financial laws to stop money laundering through crypto.  In Brazil, the Chamber of Deputies—the

Helix’s Larry Harmon Guilty of Money Laundering

Larry Dean Harmon, a 38-year-old man who hails from Akron, Ohio, has pled guilty to cryptocurrency money laundering charges after years of running a platform known as Helix, a darknet bitcoin mixing company. Larry Harmon Will Have to Pay Back Quite a Bit of Money Harmon pled guilty in a federal court. As part of his plea, he is required by regulators to give up as many as 4,400 bitcoin units to the state government, which by today’s standards, are worth more than $200 million. Harmon will also be required

New to the Street TV New to the Street August 15th, 2021 | Kylin Network, GlobeX Data, Paypolitan, IAGON, StrikeForce Technologies, B2Digital, Altitude International, Sekur, Clubhouse Media Group, RushNet

1). Cryptocurrency Kylin Network’s (CRYPTO:KYL)($KYL) interview with Mr. Dylan Dewdney, Project Lead & Co-Founder2). GlobeX Data Ltd.’s (OTCQB:SWISF) (CSE:SWIS) (FRA:GDT) interview with Mr. Alain Ghiai, CEO3). Cryptocurrency – Paypolitan’s (CRYPTO: EPAN) ($EPAN) interview with Nils Tharandt Ortiz, CEO and Co-founder.4). Cryptocurrency IAGON’s (CRYPTO:IAG) ($IAG) interview with Dr. Navjit Dhaliwal, CEO5). StrikeForce Technologies, Inc.’s (OTCQB:SFOR) interviews with both Mr. Mark Kay, CEO and Mr. George Waller Executive, Vice-President6). B2Digital, Inc.’s (OTCPink:BTDG) interview with Mr. Greg P. Bell, CEO.7). Altitude International, Inc.’s (OTCQB: ALTD) interview with Mr. Greg Breunich, CEO.8). Sekur’s® (division of GlobeX Data Ltd) “SPECIAL SEGMENT” interview with internet privacy expert with Mr. Alain Ghiai, CEO9). Clubhouse Media Group, Inc.’s (OTCPink:CMGR) interview with Mr. Chris Young,

Episode #339: George Davis, Hotchkis & Wiley, “We’re In Unchartered Territory Right Now”

Episode #339: George Davis, Hotchkis & Wiley, “We’re In Unchartered Territory Right Now” Guest: George Davis serves as CEO and is responsible for setting the firm’s strategic direction. Mr. Davis also serves as a portfolio manager on the Large Cap Fundamental Value and Large Cap Diversified Value portfolios. Date Recorded: 7/21/2021     |     Run-Time: 49:27 Summary: In today’s episode, we’re talking long term value investing. We start with George’s investment philosophy and then walk through how he views the market today, seeing value in both financials and energy stocks. We talk

Bambu’s acquisition takes it into new wealthtech turf

Bambu, a Singapore-based robo-advisor wealthtech company, announced the acquisition of a Dubai-based fintech called TradeSocio on July 13. The move sets Bambu on a path to better service advisory-led wealth markets such as the U.S. – and sets it up for a planned Series C funding round. Ned Philips, CEO and co-founder at Bambu, says the company wants to close on a new $25 million raise in the fourth quarter this year. Its lead investors are Franklin Templeton (also a client) and Chicago-based Peak6 Investments. Bambu has raised a total

NEM Brings Together the Best of a Community-Led Public Chain and an Enterprise-Focused Private Network

The massively popular public blockchain network NEM has been diligently working to expand into the enterprise solutions ecosystem since 2017. Soon this year, NEM will release Symbol, an enterprise-ready blockchain network. This is a significant move on NEM’s part as the team has always focussed on the utility-centric aspect of blockchain technology. NEM’s NIS1 blockchain has many firsts to its credit. It was one of the distributed ledgers to enable the proof-of-stake consensus mechanism. NIS1 also introduced the concept of non-fungible assets, supply chain applications for luxury products, and in-built

Can DeFi Survive Without CeFi? Bitrue’s Hybrid Solution Might Be The Middleground

Decentralized finance has been crypto’s defining motif this year, thanks in no small part to the ascendance of token mining solutions popularly known as yield farming. However, despite billions of dollars of crypto assets being locked into DeFi protocols, it has still to be determined whether decentralized finance can realize the lofty goals that inspired its creation, like banking the unbanked and providing greater financial inclusion. What’s beyond dispute is that the legacy financial system crippled by excessive regulations and distorted by extremely loose central banks’ monetary policies is badly

Not Ethereum, Polkastarter, the DEX Protocol Will Launch on Polkadot

Since gaining prominence in recent times, Decentralized Finance (DeFi) has been marauded with some sort of technical problem especially as it utilizes Ethereum blockchain that only does about 25-40 transactions per second. Most, if not all current DeFi aggregators and DEX platforms are built atop the Ethereum blockchain, it’s easier to deploy contracts on the Ethereum blockchain than in any known blockchain and it’s quite cheap to do too.  However this comes with a cost, the cost is in the amount of gas fee spent just by interacting with this

U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should be treated under federal securities law.According to a letter published by the OCC and signed by OCC Chief Jonathan V. Gould, there were risks of banking any stablecoin issuers. However, the letter detailed how banks could