SEC Charges Amazon Finance Manager and Family With Insider Trading

The Securities and Exchange Commission today charged a former finance manager at Amazon.com Inc. and two family members with insider trading in advance of Amazon earnings announcements between January 2016 and July 2018. According to the SEC’s…

The Securities and Exchange Commission today charged a former finance manager at Amazon.com Inc. and two family members with insider trading in advance of Amazon earnings announcements between January 2016 and July 2018.

According to the SEC’s…

Tech Mahindra to build multiple blockchain solutions on Amazon’s blockchain

Indian IT tech giant Tech Mahindra will build blockchain supply chain solutions for aviation, healthcare and telecom sectors.

Indian IT tech giant Tech Mahindra will build blockchain supply chain solutions for aviation, healthcare and telecom sectors.

Christmas Shopping: Where to Buy With Crypto This Festive Season

These shopping platforms allow their customers to pay for Christmas gifts in crypto

These shopping platforms allow their customers to pay for Christmas gifts in crypto

Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers

Coinbase announced that it accidentally saved the clear-text passwords of over 3,000 customers due to a rare bug

Coinbase announced that it accidentally saved the clear-text passwords of over 3,000 customers due to a rare bug

Insurtech Platform to Apply Blockchain to Auto Claims With New Funding

A new insurance platform built on blockchain and AI tech has received new funding to apply the technologies to fraud detection and streamlining claims

A new insurance platform built on blockchain and AI tech has received new funding to apply the technologies to fraud detection and streamlining claims

Legal & General Partners With Amazon to Use Blockchain for Pension Deals

Legal & General partnered with Amazon to make use of its Amazon Managed Blockchain service for recording and updating bulk annuities transactions

Legal & General partnered with Amazon to make use of its Amazon Managed Blockchain service for recording and updating bulk annuities transactions

Report: QuadrigaCX Wallets Have Been Empty, Unused Since April

Big Four audit firm Ernst & Young (EY) released its “Third Report of the Monitor” in the creditor protection proceedings of Canadian crypto exchange QuadrigaCX on March 1. Within the report, the audit firm has identified six separate crypto wallets that were used primarily to store Bitcoin (BTC), the cryptocurrency most used on the platform.…

Big Four audit firm Ernst & Young (EY) released its “Third Report of the Monitor” in the creditor protection proceedings of Canadian crypto exchange QuadrigaCX on March 1.

Within the report, the audit firm has identified six separate crypto wallets that were used primarily to store Bitcoin (BTC), the cryptocurrency most used on the platform. Apart from one inadvertent transaction of Bitcoin amounting to nearly $500,000, there have been no deposits in the wallets since April 2018. Furthermore the report states:

“To date, the Applicants have been unable to identify a reason why Quadriga may have stopped using the Identified Bitcoin Cold Wallets for deposits in April 2018, however, the Monitor and Management will continue to review the Quadriga database to obtain further information.”

In early February, the exchange filed for creditor protection when — after the death of its founder Gerald Cotten — it lost access to the cold wallets and corresponding keys, that ostensibly held the assets owed to various clients. Since then, the exchange, the court, EY and investigators have been navigating a convoluted process to ascertain where the funds went.

Today’s report also states that, within the course of its investigation, EY has discovered 14 user accounts that “may have been created outside the normal process by Quadriga” and that “[i]t appears that the Identified Accounts were created under various aliases.” The report continues:

“…the Identified Accounts were internally created without a corresponding customer and used to trade on the Quadriga platform. [EY] was further advised that deposits into certain of the Identified Accounts may have been artificially created and subsequently used for trading on the Quadriga platform.”

The monitor has also been trying to secure transaction and account balance data from the platform, which is stored on the cloud by Amazon Web Services, however:

“Due to the account being a personal account in the name of Mr. Cotten, AWS has indicated that it is unable to provide the Monitor with access to the AWS Account to permit a copy of the data that it is hosting to be secured.”

Earlier this week, cryptocurrency exchange Kraken offered a $100,000 reward for tips that could lead to the discovery of QuadrigaCX’s missing funds. The reward can be collected in either fiat or digital currency. Kraken stated, “All leads collected by Kraken will be provided to the FBI [Federal Bureau of Investigaion], RCMP [Royal Canadian Mounted Police] or other law enforcement authorities, who have an active interest in this case.”

Will Amazon Ever Add Cryptocurrency to Its Platform? Maybe!

Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent…

Amazon

Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent shoppers want access to more products on its site, including medical marijuana, prescription drugs, and cryptocurrency.

Amazon and Cryptocurrency

Investing.com conducted a polled study of 1,000 Amazon shoppers and found that 13% were “OK” with digital currency being offered on the …

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