Crypto Mountains

2023-08-19 18:00:54 Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence

Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license. The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August 2019 news article on its website.

Helio Lender, which offered cryptocurrency-backed loans using digital assets as collateral, was neither a license holder nor a representative of one at the time of the statement. In response to the charges, Helio pled guilty and has been fined accordingly.

The ASIC Deputy Chair, Sarah Court, stressed the importance of accurate information provision to customers and potential customers, stating that Helio's false claims deceived clients into believing they had the protection of a valid credit license. Open / Comment

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https://mysecure.world/exchange Open / Comment

2023-08-18 17:00:03 Unleash the Power of Dexsport: Safe and Transparent Betting

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2023-08-18 14:00:05 Savl Wallet is the Swiss Army knife of apps for DeFi and cryptocurrency enthusiasts. With its user-friendly interface, it offers more features than any other digital wallet on the market.

Savl is the only digital wallet with built-in KYT (Know Your Transaction/Anti Money Laundering) address verification, for enhanced transactional security.

With Savl you can effortlessly swap cryptos and tokens via DEX/CEX protocols.

Savl is a self-custodial and users can easily buy and manage 250+ different cryptos and tokens while retaining full control over their assets and private keys.

Our latest feature, 'Community', is a world-first. It enables users to communicate with like-minded people, stay up-to-date, and directly interact with leading crypto brands and products.

Savl offers staking on Solana, ROSE, and Velas, with rewards ranging from 4% to 8% APY.

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2023-08-17 16:00:05 Monetize Your Digital Artworks

HeartX, the open art marketplace and community that embraces all art-lovers, encourages them to create artworks and submit them to the HeartX platform. HeartX believes in the power of diverse creative approaches, including using various tools like Artificial Intelligence Generated Content (AIGC), to express unique artistic visions. At HeartX, art knows no boundaries, and we celebrate all forms of creativity and innovation.

All users can upload their creative digital artworks, whether they are human-generated or AI-generated! Those whose artworks are recognized will enjoy the benefits of being more showcased, featured on the homepage, and listed for sale!

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Learn More: https://t.ly/9-2MF Open / Comment

2023-08-16 18:00:17 Understanding Blockchain's Eco-Friendly Shift

Binance published a blog post on Monday teaching readers how to dispel commonly cited blockchain FUD related to the industry’s energy footprint and supposed environmental harm.

As the company points out, most of the industry’s energy footprint is related to mining on the Bitcoin network, which uses a proof of work (POW) consensus mechanism.

Most modern blockchains, however, use alternative consensus mechanisms like proof of stake (POS), which do not focus on energy consumption to keep the network decentralized.

“The Crypto Carbon Ratings Institute (CCRI) has examined the impact of Ethereum’s transition from PoW to PoS and found that its annualized electricity consumption went down by more than 99.9% as a result of the upgrade,” wrote Binance. “Accordingly, Ethereum’s carbon footprint also decreased by 99.9%.”

Not only do these blockchains consume little energy, but many are using their unique features to help enable green energy initiatives.

Peer-to-peer energy trading, for example, lets traders buy and sell excess renewable energy. Blockchains can also be used for transparent carbon footprint tracking in the context of supply chains, which can further encourage businesses to reduce their environmental impact. Open / Comment

2023-08-13 18:00:46 DCG and Barry Silbert Seek Dismissal of Lawsuit by Gemini Trust Company Over Alleged Misrepresentations

Digital Currency Group (DCG) has filed a motion to dismiss Gemini's lawsuit, claiming fraud by the company and its founder, Barry Silbert, through DCG's subsidiary, Genesis, which held funds for Gemini's Earn program.

On July 7, Gemini and its founders, Cameron, and Tyler Winklevoss, filed a lawsuit alleging that DCG and Barry Silbert provided false information about the financial status of their lending subsidiary, Genesis.

Gemini claimed that the misinformation mistakenly led customers of Gemini Earn to remain enrolled in the lending program.

Despite being aware of the issue, DCG and Silbert did not disclose that Genesis had a significant financial gap of one billion dollars due to the collapse of Three Arrows Capital (also known as 3AC), a crypto hedge fund, in the previous year.

In response to the allegations raised by Gemini in the ongoing lawsuit, DCG submitted a statement on August 10 asserting that Gemini's fraud claims lack sufficient support. DCG and Barry Silbert outlined four key "statements of facts" in their response to argue for the dismissal of Gemini's lawsuit. Open / Comment

2023-08-11 16:00:03 Hey there, crypto fanatics!

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2023-08-10 21:01:50 Crypto's Initial Hope for Sex Workers Gives Way to New Challenges

Crypto was once one of the best ways for sex workers to get paid. Now, it’s scarcely more supportive of the industry than the banking sector. Joining a slew of banks and payment providers that have shunned the adult industry for decades, regulatory pressure is even encouraging crypto exchanges to do the same.

“You get on an exchange for as long as you can, until they shut your ass down,” said Allie Eve Knox, a professional dominatrix and fetish performer, during an interview with Wired. “You quickly run out of exchange so you sit on a lot of useless money.”

Knox said she began using digital assets like Bitcoin (BTC) in 2014, holding a QR code up to her screen during live-cam sessions so that her viewers could send her tips. The network’s peer-to-peer nature combined with its irreversibility of transactions made it attractive for bypassing controls imposed by centralized finance.

Yet even if the network is decentralized, the exchanges required to sell one’s BTC for cash are not. Since regulated exchanges today apply know your customer (KYC) and anti-money laundering (AML) controls, members of targeted industries often end up blacklisted in short order.

“The whole ‘crypto is permissionless and censorship-resistant thing is a bunch of bullshit,” said Knox. She believes that she has also been blacklisted at Plaid, a data portability network used by major crypto exchanges like Gemini, Kraken, and Robinhood. Open / Comment

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