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Crypto industry observing unprecedented fraud scenarios
According to a recent Sumsub report, 2023 has been marked by increasing professionalization in fraud tactics, with 77% of crypto companies reportedly observing new patterns and schemes. дальше »
2023-10-30 01:40 | |
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US Urges Crypto Asset Firms To Intensify Efforts Against Illicit Financing
Amid the ongoing global crackdown on financial crimes and terrorism funding, the US government recently highlighted concerns regarding the alleged inadequate efforts of some companies operating in the crypto asset space. дальше »
2023-10-27 21:00 | |
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Deputy Treasury Secretary warns crypto companies not to neglect safeguarding against illicit finance
The U. S. government has raised concerns about digital asset companies failing to address the flow of illicit funds in the industry adequately. In an Oct. 27 speech delivered at London’s Royal United Services Institute, Wally Adeyemo, the U. дальше »
2023-10-27 18:46 | |
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XRP News: Why Is November 8-9 Important To Ripple?
Like many other crypto companies, Ripple has important dates and events that carry the possibility of triggering a bullish momentum for the XRP token. This is why some dates are more important than others and the most recent of these to emerge is the November 8-9 dates. дальше »
2023-10-27 02:00 | |
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US Senator asks DOJ to consider criminal charges against Binance and Tether
US Senator Cynthia Lummis asks the Department of Justice (DOJ) to criminally charge crypto exchange Binance and USDT issuer Tether. Lummis cites the two companies’ role in aiding illicit fundraising for terror. дальше »
2023-10-26 21:30 | |
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UK Government Can Now Snatch Your Cryptos
The Economic Crime and Corporate Transparency Act, recently passed in the UK, bolsters the fight against fraud and money laundering. It empowers Companies House with stringent verification powers and law enforcement with the ability to seize cryptocurrencies, marking a significant stride in enhancing financial security in the open economy. дальше »
2023-10-27 21:18 | |
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VC investor explains what to look for in crypto companies
VC Amy Wu says crypto startups need broad appeal, deep customer insight, unique blockchain use cases, and smooth onboarding to get her investment. дальше »
2023-10-27 17:07 | |
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UK’s Financial Conduct Authority says crypto firms are failing to satisfy new promotional rules
The U. K. ’s Financial Conduct Authority (FCA) said on Oct. 25 that many crypto firms are failing to meet its new promotion requirements. The relevant rules came into effect on Oct. 8. Those rules require companies to warn users that they could lose their entire investment by investing in some crypto products. дальше »
2023-10-26 22:40 | |
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Circle To Launch New Smart Contract Platform – Implications for Crypto Assets
Circle, a leading blockchain-based financial services company, recently unveiled a new innovative contract platform allowing DeFi companies to deploy smart contracts using familiar languages like Python and JavaScript. дальше »
2023-10-25 12:00 | |
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Ledger launches controversial Recover service
Hardware wallet company Ledger announced on Oct. 24 that its controversial wallet recovery service, Ledger Recover, is now available to customers. Recover allows users to link their personal ID to an encrypted and fragmented secret recovery phrase, which is stored with three separate companies. дальше »
2023-10-25 00:10 | |
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BlockFi Emerges From Bankruptcy, Begins Asset Distribution Process
According to a recent announcement, BlockFi, a prominent cryptocurrency lending platform, has emerged from bankruptcy as of October 24, 2023. After months of “diligent efforts” by BlockFi’s management, advisors, and stakeholders, the company has reached this significant milestone more “swiftly and efficiently” compared to many other retail crypto companies, according to the lending company’s announcement. […] дальше »
2023-10-24 21:25 | |
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Why European Union Fears US Ban on Chinese AI Investment
The EU is concerned that US restrictions on investments in Chinese AI companies could negatively impact European firms funded by US investors and run by Chinese owners. The post Why European Union Fears US Ban on Chinese AI Investment appeared first on BeInCrypto. дальше »
2023-10-25 19:31 | |
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What’s Fueling investor enthusiasm for BorroeFinance over XRP and Dogecoin?
Even though Ripple seems to be winning its legal war with the SEC, investors and companies still keep their distance from $XRP. Similarly, Dogecoin (DOGE) recorded waning investor enthusiasm in early Q4 2023. дальше »
2023-10-24 19:25 | |
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Universal Music Group sues Anthropic for IP infringement
Anthropic, an artificial intelligence (AI) firm known for its Claude chatbot, was sued by several music companies over its inclusion of song lyrics in AI prompts on Oct. 18. Those music companies, many of which belong to or are related to Universal Music Group, allege that Anthropic “unlawfully copies and disseminates vast amounts of copyrighted […] The post Universal Music Group sues Anthropic for IP infringement appeared first on CryptoSlate. дальше »
2023-10-20 00:01 | |
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Insomnia Labs partners with web3 firms for brand loyalty shift
Insomnia Labs has partnered with several companies to incorporate web3 elements into brand loyalty. New York-based technology firm Insomnia Labs on Oct. 18 announced a partnership with several web3 companies, including Co:Create, Smart Token Labs, Cookie3, and Crossmint, to launch… дальше »
2023-10-20 20:55 | |
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Gemini, Genesis, DCG Slammed with $1b Crypto Fraud Lawsuit
New York Attorney General Letitia James filed a lawsuit on Thursday accusing three major cryptocurrency companies — Gemini Trust, Genesis Capital, and Digital Currency Group — of perpetrating a $1 billion fraud scheme that harmed investors. дальше »
2023-10-19 17:25 | |
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Atomic Wallet freezes $2M in ‘suspicious deposits’ on exchanges
The freeze resulted from a collaboration between Atomic Wallet, forensic companies and centralized exchanges following reports from users claiming unauthorized transactions from their wallets. дальше »
2023-10-20 17:19 | |
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NVIDIA steps up self-driving with Foxconn partnership to put NVIDIA DRIVE in cars
In the pursuit of intelligent electric vehicle (EV) platforms, Foxconn and NVIDIA have amplified their ongoing collaboration. They made the announcement at the fourth annual Hon Hai Tech Day in Taiwan, where the CEOs of both companies shared their plans to influence the worldwide car market. дальше »
2023-10-19 10:49 | |
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Stablecoin companies now 16th largest holder of U.S. treasuries globally – report
Quick Take With the aggregate valuation of the top five stablecoins – USDT, USDC, BUSD, DAI, and Tron – currently amounting to approximately $120 billion, stablecoins have become major holders of US Treasuries. дальше »
2023-10-18 17:05 | |
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Russia bets on crypto adoption as digital assets plan bites the dust
Russia’s Finance Ministry official hopes that liquidity from the crypto market will help the local business to overcome sanctions pressure. Digital financial assets (DFAs), a tokenized form of traditional financial instruments issued by Russian-only companies, appear to have failed to… дальше »
2023-10-18 16:03 | |
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The Sam Bankman-Fried Trial Is Revealing Crypto's Amateur-Hour Ways
Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX. US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried. дальше »
2023-10-17 16:30 | |
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Why brand consistency matters and how Web3 companies are failing to deliver
Choosing a realistic, appealing brand promise to a specific audience can improve the ability to endure difficult markets and strengthen the chances of outlasting the competition. дальше »
2023-10-17 16:00 | |
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SBF Trial: FTX Exec Felt ‘Suicidal’ in Crypto Exchange’s Final Days
Nishad Singh told a jury on Monday that his September meeting with Bankman-Fired was the first time he realized that Alameda, FTX’s sister trading firm, had spent billions of dollars of FTX user deposits, and had left a gaping hole in both companies’ balance sheets. дальше »
2023-10-17 13:00 | |
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Court orders Genesis to produce subpoenaed documents in Terraform Labs case
Genesis and its associated companies were ordered by a judge to produce documents on Oct. 13, as part of a securities case initiated by the U. S. Securities and Exchange Commission (SEC) against Terraform Labs. дальше »
2023-10-17 00:20 | |
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Crypto companies seek more time amid new MiCA regulations
The Electronic Money Association requested the Department of Finance a most extended transition period before implementing the MiCA regulation. According to a report by the Independent, the organization, which has major fintech players such as Revolut and PayPal, among others,… дальше »
2023-10-16 16:25 | |
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Korean telecom giant launches digital currency for its metaverse
To boost users’ activity, SK Telecom has launched a digital currency for virtual purchases in its metaverse dubbed Ifland. One of the largest telecommunication companies in South Korea is taking another step towards the adoption of metaverse technologies. SK Telecom,… дальше »
2023-10-16 11:40 | |
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Australia releases new crypto regulatory framework
The Australian treasury has released a consultation paper proposing a new regulatory framework for cryptocurrency exchanges. The new legal framework will require cryptocurrency companies to apply for a financial services license. дальше »
2023-10-16 10:27 | |
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Ferrari announces its embracing crypto payments amid market demands
Joining the growing list of companies accepting cryptocurrency, renowned luxury sports car manufacturer Ferrari is now accepting digital currency payments for its vehicles in the U. S. , with plans to expand the service to Europe in response to demand from wealthy clients. дальше »
2023-10-14 17:33 | |
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US tightens grip on AI chip export to China amid escalating tech battle
The United States Government is contemplating shutting down Chinese companies’ access to American artificial intelligence (AI) chips, Reuters reported on Oct. 13. The Biden administration aims to close loopholes allowing Chinese companies to acquire American AI chips via overseas subsidiaries. дальше »
2023-10-13 15:15 | |
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Bitcoin Mining Tokens Represent the Ultimate Bet for 2024 According to Matrixport
Matrixport recently shone a light on an interesting strategy for maintaining a rich portfolio. According to the crypto financial services platform, investing in a diversified portfolio of mining companies is the ultimate bet for 2024. дальше »
2023-10-13 14:00 | |
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Microsoft, Adobe and Intel take small step against deepfakes with opt-in tool for ‘combined’ media
A group of major technology companies building AI solutions have formed a new initiative to address the growing challenge of identifying AI-generated synthetic media and “deepfakes. ” The Coalition for Content Provenance and Authenticity (C2PA) includes Adobe, Microsoft, Intel, and other tech firms. дальше »
2023-10-12 14:30 | |
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Japan Clean Energy Certificates to be Tokenized as a Stablecoin on DeCurret Crypto Exchange
A consortium of Japanese companies plans to launch a yen-based digital currency, DCJPY, by July 2024. The currency will be used for transactions and settlements of clean energy certificates. The post Japan Clean Energy Certificates to be Tokenized as a Stablecoin on DeCurret Crypto Exchange appeared first on BeInCrypto. дальше »
2023-10-12 11:00 | |
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SBF Trial – Caroline Ellison’s second day of testimony included Thai sex workers, bribery and private messages with SBF
The sixth day of SBF’s trial mainly revolved around the continued testimony of the prosecution’s key witness, Alameda Research CEO Caroline Ellison. Much of Ellison’s testimony was about financial documentation and the sister companies’ entangled finances, but the latter half was dedicated to further ground-breaking revelations about SBF’s ambitions and what really happened behind the […] The post SBF Trial – Caroline Ellison’s second day of testimony included Thai sex workers, bribery and private messages with SBF appeared first on CryptoSlate. дальше »
2023-10-12 02:56 | |
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Circle and Coins.ph partner for USDC remittances in the Philippines
Coins. ph and Circle say the partnership aims at improving the remittance landscape in the Philippines. The companies target cheap and near-instant remittances enabled by the USDC stablecoin. Philippine fintech company Coins. дальше »
2023-10-11 13:01 | |
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Bitstamp to leave Canada amid regulatory crackdown
European crypto exchange Bitstamp is leaving the Canadian market, saying it will discontinue its services in Canada starting January 2024. Cryptocurrency exchange Bitstamp is withdrawing from Canada starting January 2024 as the country imposed stricter rules on crypto companies. In… дальше »
2023-10-11 12:43 | |
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Crypto Crisis: Bitmain Salary Suspensions And Exec Departures Amplify Chaos
In the ever-evolving landscape of crypto, recent developments have sent shockwaves throughout the industry, further deepening what can only be described as a “crypto crisis.” The upheaval has been marked by financial struggles at major companies and notable leadership changes that are raising questions about the stability and future of the digital currency market. Related […] дальше »
2023-10-11 20:00 | |
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Bastion - Uncomplicating Web3
Riyaz Faizullabhoy and Nassim Eddequiouaq, are the former Chief Technology Officer and Chief Security Officer of a16z Crypto, and now the founders of Bastion an enterprise-focused web3 orchestrator enabling companies to seamlessly integrate web3 infrastructure into enterprise technologies through a compliant, white-label platform. дальше »
2023-10-10 00:00 | |
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