Aventus Announces a Partnership With Joy Records
The Aventus team is proud to announce that Joy Records, a record label and event-promotion brand in Tel Aviv, Israel has agreed to partner with Aventus and trial the Aventus ticketing platform during their trademark event on Halloween of this year.
Joy Records will be utilising the Aventus protocol, services, and proof of concept application for every aspect of the event: ticket creation and management, ticket resale, and fund distribution after the event. After a successful trial, we intend to bring Joy Records’ ticketing in-house by creating their own web portal and powering their ticket sales with the Aventus protocol and services layer.
Headlining this years Halloween special will be one of the most notable DJ duos to come out of the Israeli electronic dance music space, Levi & Suiss. Please stay tuned for more updates by joining the Aventus Slack Channel, following Aventus on Twitter, or joining the Aventus Mailing List.
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Bitfinex Is Issuing Another Token – And a New Ethereum Exchange to Go With It
Bitfinex has revealed that it will be launching a new trading platform for Ethereum-based tokens. The exchange will notably feature a token of its own, called the Nectar token (NEC), which can be redeemed for a percentage of trading fees each month. Dubbed Ethfinex, the service aims to function as a decentralized exchange for tokens under the ERC20 standard, and to be an information centre for Ethereum and token-based projects. As the firm's blog post describes:
"Spun out of Bitfinex, Ethfinex brings with it the vision of a customer-centric and highly liquid digital asset exchange platform. Ethfinex will be a hybrid community and information hub for developers, traders and enthusiasts alike, designed to facilitate discussion, development and trading in the ethereum ecosystem."
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South Korean Lawmaker Seeks to Tighten Cryptocurrency Rules
A South Korean lawmaker has proposed amending the country's Electronic Financial Transaction Act to more closely regulate cryptocurrencies. According to several South Korean media outlets, the proposal was put forth this week by Park Yong-Jin, a representative from the Democratic Party.
The amendments would seek to define digital currency businesses and classify different parties as digital currency traders, brokers, issuers and managers. and aims to apply a 500 million South Korean won ($450,000) capital reserve threshold for any business that operates cryptocurrency trading service prior to seeking an approval from the authority. Provisions for preventing market manipulation and money laundering using digital currencies are also included in the changes.
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Authorities Are Going After Users of Two of Darknet’s Biggest Markets
Two of darknet’s biggest marketplaces, AlphaBay and Hansa, were taken down by law enforcement. AlphaBay was taken down by an operation dubbed “Bayonet”, which included raids on the market’s server in Canada and the U.S, and the arrest of Canadian Alexander Cazes, its admin, in Thailand. Alexander was later found dead in his cell.
When AlphaBay was taken down, various users migrated to alternative markets, including Hansa. It was later revealed that Hansa had been under Dutch police control for a while, and it was ultimately taken down. Dutch police gathered information on its users and sent data packages to various law enforcement organizations around the globe. It has become clear that authorities aren’t just going after vendors. According to one user on Reddit, he ordered on Hansa before it went down, and is now being prosecuted for buying less than $20 worth of narcotics. The post reads:
"I used auto-encrypt cause I was drunk when I ordered. This is west Europe. The police supposedly got the info today from the dutch police."
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