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Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims
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Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims

Ernst & Young has filed a report with the Ontario Superior Court of Justice suggesting how the court should distribute the recovered funds.

Ernst and Young Unveil Blockchain Solution for Public Funds Management
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Ernst and Young Unveil Blockchain Solution for Public Funds Management

This move by Ernest and Young is an accurate depiction of the boundless opportunities and possibilities inherent in Blockchain technology.

EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings
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EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings

Ernst & Young (EY) is launching a crypto Software as a Service (SaaS) to offer step-by-step guidance that assists with US cryptocurrency tax filings.

EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC
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EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC

A consortium led by Ernst & Young has made the first and only bid to construct the business model for the Bank of Korea’s Central Bank Digital Currency project.

EY Blockchain Analyzer Adds Explorer & Visualizer Solution to OnChain Data Investigator
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EY Blockchain Analyzer Adds Explorer & Visualizer Solution to OnChain Data Investigator

Big-four accounting and auditing firm Ernst & Young has enhanced its blockchain analytics tool, the Explorer & Visualizer solution to investigate on-chain data

EY Ops Chain: Bringing Transparency and Accountability to Public Finance Management
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EY Ops Chain: Bringing Transparency and Accountability to Public Finance Management

Blockchain.News sat down with Jimmy Ong, EY Asia-Pacific Blockchain Leader to take a deep dive in EY Ops Chain and EY Blockchain Analyzer. In particular, we explore how EY Ops Chain facilitates a more transparent public finance tracking. Ong also shared an interesting use case when EY Ops Chain enables the tracking of blood in Canada.

CEO Jack Dorsey On Why the Future of Twitter Lies in Blockchain
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CEO Jack Dorsey On Why the Future of Twitter Lies in Blockchain

Twitter CEO Jack Dorsey discussed Bitcoin and how blockchain technology can be leveraged to counter security breaches in an increasingly digital world.

SushiSwap CEO Suggests New Tokenomics For Liquidity And Decentralization
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SushiSwap CEO Suggests New Tokenomics For Liquidity And Decentralization

The chief executive officer of SushiSwap, Jared Grey, is working on revamping the tokenomics of the decentralized exchange Sushi. In addition to a token-burning mechanism and a liquidity lock for price support, time-lock tiers will be included for emission-based incentives. These features will also be available. Instead of receiving a portion of the cash generated by the 0.05% swap fee, SUSHI (xSUSHI) tokens that have been staked will be rewarded according to their emissions. It is possible to make withdrawals before the time locks have reached their full maturity, but any rewards will be lost and destroyed.

Binance Trading Platform Licenses in Bahrain, Canada
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Binance Trading Platform Licenses in Bahrain, Canada

The year 2021 is finally going to end on a great note for Binance, the world’s largest cryptocurrency exchange, as it has secured double licenses from the Central Bank of Bahrain (CCB) and Canada.

McAfee's Ghostcoin Gets Backing as Payment in Hong Kong
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McAfee's Ghostcoin Gets Backing as Payment in Hong Kong

John McAfee's Ghostcoin gets backing for use as a payment coin in Hong Kong across 60 vending machines including Disneyland.

Twitter CEO Endorses Bitcoin For Black America
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Twitter CEO Endorses Bitcoin For Black America

According to his tweet on February 23rd, while promoting the book discussing Bitcoin’s huge potential benefits to the African-American community, Jack Dorsey, CEO of Twitter who is no stranger to controversies in the media, used the fanbase of his Twitter platform for this cause.

Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin
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Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

MoneyGram has partnered with Stellar Development Foundation to enable customers to make settlements in different fiat currencies including cryptocurrencies using USDC stablecoin.

Hashkey Group Targets $1 Billion Valuation with $200 Million Fundraising
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Hashkey Group Targets $1 Billion Valuation with $200 Million Fundraising

Hong Kong-based HashKey Group, Asia’s leading end-to-end digital asset management and finance house, is in preliminary discussions to raise up to $200 million, a move that could propel its valuation north of $1 billion, as Hong Kong emerges as a growing global crypto hub.

Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa
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Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa

Ripple and Onafriq are collaborating to introduce blockchain-powered cross-border payments, aiming to improve transaction efficiency and financial inclusion in Africa, the GCC, the UK, and Australia.

Central Bank of Turkey to Ban Use of Cryptocurrencies to Purchase Goods amid Bitcoin Boom
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Central Bank of Turkey to Ban Use of Cryptocurrencies to Purchase Goods amid Bitcoin Boom

Although many retail and institutional investors alike have been gripped by Bitcoin fever lately, as the cryptocurrency has hit a new record-high, not all banking institutions are convinced by the digital asset’s benefits.

HK-Based Hardware Wallet Maker OneKey Raises $20m in Series A Funding
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HK-Based Hardware Wallet Maker OneKey Raises $20m in Series A Funding

Hong Kong-based crypto hardware wallet maker OneKey has raised around $20 million in a Series A funding round.

Bitcoin Halving: Everything You Need to Know in 5 Minutes
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Bitcoin Halving: Everything You Need to Know in 5 Minutes

In May 2020, Bitcoin is expected to experience its third halving in history. Bitcoin halving refers to the halving of Bitcoin block rewards, which occurs once every 210,000 blocks created (approximately every 4 years).

List of Important Resources on Central Bank Digital Currency (CBDC)
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List of Important Resources on Central Bank Digital Currency (CBDC)

Blockchain has the potential to change the whole monetary and financial industry. But it still has a long way to go, as currently, the money issuance power is in the hands of central banks. The compromised way of welcoming blockchain technology in the monetary and financial industry are the central bank issued stablecoins - CDBC.

Square CEO Jack Dorsey Commits Himself To Bitcoin
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Square CEO Jack Dorsey Commits Himself To Bitcoin

Jack Dorsey still remains bullish on the leading cryptocurrency. He admits that Bitcoin transforms every aspect of life.

Ethereum, Cardano and Other Altcoins Slandered by Blockstream CEO as Ponzi Schemes
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Ethereum, Cardano and Other Altcoins Slandered by Blockstream CEO as Ponzi Schemes

Blockstream CEO Adam Back publicly stated that Ethereum and other altcoins were Ponzi schemes, angering Ethereum co-founders Vitalik Buterin and Charles Hoskinson.

US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto
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US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto

The US Eastern District Court of Virginia has charged six people for allegedly involved in laundering millions of dollars for Mexican drug cartels using cryptocurrency.

IOTA Introduces a New Database for the Release of an Updated Version of Pollen Testnet, V0.3.2
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IOTA Introduces a New Database for the Release of an Updated Version of Pollen Testnet, V0.3.2

IOTA recently announced the release of a new version of its Pollen testnet, v0.3.2. What's new with this version of Pollen?

Cardano Will be “Extremely Competitive” in the DeFi Space With Upcoming Goguen Rollout
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Cardano Will be “Extremely Competitive” in the DeFi Space With Upcoming Goguen Rollout

IOHK CEO Charles Hoskinson laid out the roadmap for September, including multiple performance improvements, and new wallet functions.

Coinbase Launches Crypto Transactions via WhatsApp, Telegram, and Other Messaging Platforms
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Coinbase Launches Crypto Transactions via WhatsApp, Telegram, and Other Messaging Platforms

Coinbase introduces a new feature in its Wallet app, allowing users to send crypto via WhatsApp, Telegram, and other platforms with no fees and instant settlement.

Pakistan Banks Develop Blockchain-based KYC Platform
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Pakistan Banks Develop Blockchain-based KYC Platform

The Pakistan Banks’ Association has signed a contract to develop Pakistan’s first blockchain-based national eKYC banking platform aimed at strengthening anti-money laundering capabilities while countering terror financing. The blockchain platform will also improve operational efficiencies, mainly focused on improving customer experience during onboarding.

Cardano’s Charles Hoskinson Introduces New Feature to Enable Partial Staking in Multiple Stake Pools
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Cardano’s Charles Hoskinson Introduces New Feature to Enable Partial Staking in Multiple Stake Pools

IOHK CEO Charles Hoskinson recently introduced Cardano’s delegation portfolios and hardware updates for Cardano in a recent YouTube video.

Ledger and Tezor Dismiss Rumor That Hackers Have Stolen Data from Popular Crypto Wallet Providers
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Ledger and Tezor Dismiss Rumor That Hackers Have Stolen Data from Popular Crypto Wallet Providers

Cybersecurity company “Under The Breach” has reported that a hacker is allegedly attempting to sell customer data that stems from firms like Ledger, Trezor, Keepkey, and even Bnktothefuture.

SVC Bank Caught in SVB Collapse Confusion
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SVC Bank Caught in SVB Collapse Confusion

India's SVC Bank faced panic due to a mixup with collapsing Silicon Valley Bank, as their acronyms' similarity caused confusion among Indian citizens.

Bitcoin Lightning Network Would be Practical for Small Payments than Debit Cards, Morgan Stanley Says
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Bitcoin Lightning Network Would be Practical for Small Payments than Debit Cards, Morgan Stanley Says

The Bitcoin Lightning Network attracts fees close to zero, so it becomes more practical to use it when undertaking small payments than a debit card, according to leading investment bank Morgan Stanley.

Blazar Token Scam: Former New Jersey Corrections Officer Charged by SEC
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Blazar Token Scam: Former New Jersey Corrections Officer Charged by SEC

Former New Jersey State Correctional Police Officer John A. DeSalvo has been charged with fraudulently raising funds through the unregistered offering of the Blazar Token, a crypto asset security. The token, which collapsed in May 2022, was marketed as a replacement for state pension systems. DeSalvo misused investor funds, transferring a large portion to his personal wallets.

FINRA's 2024 Oversight Report Emphasizes Crypto Asset Compliance
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FINRA's 2024 Oversight Report Emphasizes Crypto Asset Compliance

FINRA's 2024 Regulatory Oversight Report emphasizes compliance in crypto asset activities, emphasizing cybersecurity, anti-money laundering protocols, and transparent reporting, reflecting its commitment to guiding members in the evolving cryptocurrency world.

Greyp Teams Up with Blockchain Entities for Automated Payment System
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Greyp Teams Up with Blockchain Entities for Automated Payment System

Greyp, a Croatian mobility tech startup and electric bike manufacturer, has partnered with two blockchain firms, the Energy Web Foundation (EWF) and slock.it, to establish an automated payment structure for IoT vehicles.

Cryptocurrencies Fueling Trade-Based Money Laundering: Insights from Michael Firing of CITE
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Cryptocurrencies Fueling Trade-Based Money Laundering: Insights from Michael Firing of CITE

Michael Firing, Assistant Director at CITE, discusses how cryptocurrencies are being used in trade-based money laundering activities.

Money B Unveils NFT Track 'Sit Next to Me' on Gala Music Featuring Guapdad 4000
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Money B Unveils NFT Track 'Sit Next to Me' on Gala Music Featuring Guapdad 4000

Hip hop legend Money B releases new NFT track 'Sit Next to Me' featuring Guapdad 4000 on Gala Music platform, embracing Web3 technology.

Binance Adjusts Services in Turkey Following New Crypto Regulations
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Binance Adjusts Services in Turkey Following New Crypto Regulations

Binance announces significant changes to its services in Turkey to comply with new crypto regulations, including halting Turkish language options and direct marketing activities.

Money Laundering in Cryptocurrency: Trends and Detection Techniques
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Money Laundering in Cryptocurrency: Trends and Detection Techniques

Chainalysis highlights emerging trends and innovative techniques for detecting and investigating money laundering in the cryptocurrency ecosystem.

Crypto Enthusiasts Still Believe in Bull Run, Survey Shows
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Crypto Enthusiasts Still Believe in Bull Run, Survey Shows

A survey by CoinGecko reveals that the majority of crypto participants believe the bull run is not over, with significant optimism among investors.

PlexCoin Founder Indicted by US Grand Jury for 2017 ICO Securities Fraud
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PlexCoin Founder Indicted by US Grand Jury for 2017 ICO Securities Fraud

A United States grand jury indictment has been delivered to Plexcoin founder, Dominic Lacroix, as well as Yan Ouellet and Sabrina Paradis-Royer for securities and wire fraud, and conspiracy to launder money, according to the DOJ.

OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist
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OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist

Colin Wu, a Chinese blockchain journalist thinks it is unlikely Mingxing Xu, the founder of OKEx crypto exchange has anything to do with a Yuan money-laundering scheme.

Yuga Labs earns millions from new NFT collection
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Yuga Labs earns millions from new NFT collection

Yuga Labs has made millions on a new NFT collection it minted in the next step of its “Dookey Dash” web game.

Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group
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Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group

Multinational cybersecurity provider Kaspersky has announced that the notorious North Korean crypto criminal group, Lazarus, is planning on releasing a new ransomware.

3Commas Refutes Allegations That Employees Stole API Keys
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3Commas Refutes Allegations That Employees Stole API Keys

3Commas, a crypto trading business, denies social media screenshots. To freeze exchange accounts, CEO Yuriy Sorokin recommends filing a police case. The business says phishing attempts "contribute" to thefts.

Revive Elvis Presley with AI: A Next-Generation Tribute
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Revive Elvis Presley with AI: A Next-Generation Tribute

Elvis Presley returns in a virtual concert "Elvis Evolution," using AI and holographic technology. The immersive show by Layered Reality recreates his life and music, set to open in London and tour globally.

Genesis Mining Survey Finds Bitcoin Investors Believe in Safe Haven Value, Not $50,000 BTC Price by 2030
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Genesis Mining Survey Finds Bitcoin Investors Believe in Safe Haven Value, Not $50,000 BTC Price by 2030

A survey by Genesis Mining reveals that while the majority of Bitcoin investors are sold on the crypto’s ability to replace gold, few are as confident of $50,000 per BTC by 2030.

Scholar Disagrees BTC as the medium of Legal Tender
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Scholar Disagrees BTC as the medium of Legal Tender

Roger Svensson, Associate Professor of the Institute of Industrial Economics, suggests that Bitcoin (BTC) is unsuitable as a medium of flat money for international currency.

Paradigm Challenges SEC's Authority in Lawsuit Against Binance
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Paradigm Challenges SEC's Authority in Lawsuit Against Binance

Paradigm, a venture capital firm, has filed an amicus brief in the SEC's ongoing lawsuit against cryptocurrency exchange Binance. The brief criticizes the SEC's approach, arguing that the agency is overstepping its regulatory boundaries. Paradigm emphasizes that the SEC's actions could have far-reaching implications for securities law.

Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon
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Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon

A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.

Thodex Founder Arrested by Turkey Police in Albania
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Thodex Founder Arrested by Turkey Police in Albania

Faruk Fatih Ozer, the founder of the Thodex crypto exchange, escaped Turkey after taking $2 billion of investors’ funds with him. The founder is finally arrested in Albania.

At Least 16% of Americans Have Invested in Crypto: Pew Research Center
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At Least 16% of Americans Have Invested in Crypto: Pew Research Center

A recent survey from the Pew Research Center has drawn an insight into the popularity of emerging digital currencies amongst Americans. At least 16% of respondents say they have invested in crypto.

More Crypto Firm Tenants Settle in Hong Kong Central CBD Offices
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More Crypto Firm Tenants Settle in Hong Kong Central CBD Offices

Hong Kong Land Holdings Ltd announced Wednesday that the real estate firm has signed a lease contract with a crypto firm, embracing the first crypto company to use their offices in the city's cbd.

Luxury Car Purchases by Crypto Doubled to $12m in 2021, Says AutoCoinCars Executive
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Luxury Car Purchases by Crypto Doubled to $12m in 2021, Says AutoCoinCars Executive

The number of customers worldwide using cryptocurrencies to buy vehicles has significantly increased. An executive of AutoCoinCars has seen sales on its platform double to $12 million in 2021.

Epic Games CEO Defends Metaverse
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Epic Games CEO Defends Metaverse

Epic Games CEO Tim Sweeney dismissed a recent article from Business Insider claiming that the Metaverse is "dead" and that virtual worlds have been abandoned by the business world. Sweeney cited the 600 million users across virtual world platforms as proof of the Metaverse's continuing relevance.

Why Bitcoin Investors Shouldn’t Expect a Straight Moon Shot Over $20,000 Just Yet
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Why Bitcoin Investors Shouldn’t Expect a Straight Moon Shot Over $20,000 Just Yet

Although the Bitcoin price gained 166% this year, the pioneer crypto has not yet produced the anticipated moon shot over $20,000 and investors could be in for a long wait.

Digital Euro Will Pull Out Traditional Bank Deposits by 8%, Says Morgan Stanley
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Digital Euro Will Pull Out Traditional Bank Deposits by 8%, Says Morgan Stanley

The advent of the Digital Euro may spark a reduction in cash deposits by 8%, estimated by Morgan Stanley.

Public Companies Now Hold Almost $7 Billion Worth Of Bitcoin
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Public Companies Now Hold Almost $7 Billion Worth Of Bitcoin

At the time of writing, there is almost $7 billion of Bitcoin currently held by 13 publicly listed companies, notably MicroStrategy, Square, Galaxy Digital and Grayscale.

Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud
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Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud

Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.

Jack Dorsey's Block Appoints MIT's Neha Narula to Board of Directors
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Jack Dorsey's Block Appoints MIT's Neha Narula to Board of Directors

Block, Inc., led by Jack Dorsey, has appointed Neha Narula, Director of the Digital Currency Initiative at MIT Media Lab, to its Board of Directors. Narula's expertise in Bitcoin and open source technology aligns with Block's mission of economic empowerment.

Ethereum is Inferior to Bitcoin as Money, What Makes ETH Valuable?
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Ethereum is Inferior to Bitcoin as Money, What Makes ETH Valuable?

ETH is needed for staking and for securing transactions. However, Selkis believes that ETHE has been triggering a “mirage” of institutional demand of ETH.

Potential Fed Tightening Driving Short Term Crypto Sentiments: Analyst
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Potential Fed Tightening Driving Short Term Crypto Sentiments: Analyst

The digital currency ecosystem has continued to experience volatility, with a declining market capitalization sweeping across the board. An analyst suggests the crypto market is still subject to Federal Reserve’s continuous quantitative tightening policy.

Hong Kong Embraces Virtual Asset Spot ETFs
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Hong Kong Embraces Virtual Asset Spot ETFs

Hong Kong is set to become the first market in Asia to allow Virtual Asset Spot ETFs, with around ten fund companies preparing for launch. This move signifies a major shift in the region's approach to virtual assets.

Investors Rally to Support Silicon Valley Bank Amidst Possible Closure
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Investors Rally to Support Silicon Valley Bank Amidst Possible Closure

Over 125 venture capitalists and investors, including Sequoia Capital and General Catalyst, have pledged their support for Silicon Valley Bank (SVB) as the 40-year-old banking institution winds down its operations. The investors signed a statement in an effort to cushion the impact of the bank's possible closure and limit the fallout on tech companies that rely on SVB for funding and banking services.

Turkey’s Crypto Law heading to Parliament after President Erdogan’s Approval
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Turkey’s Crypto Law heading to Parliament after President Erdogan’s Approval

Turkey's President confirms that drafting a crypto law is completed. The president further reveals that the draft will be tabled in the Parliament for mainstream implementation in the nation.

Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset
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Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

Wyoming, a crypto-friendly state, enacted a measure banning private key disclosure. If Governor Mark Gordon approves, it will take effect July 1.

Former CEO of Hong Kong Listed Company Joins Worldmoney as Shareholder
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Former CEO of Hong Kong Listed Company Joins Worldmoney as Shareholder

Worldmoney Financial Blockchain Co., Ltd, the parent company of Blockchain.News, announced the addition of Mr. Chau Cheuk Wah as company shareholder.

Hong Kong Blockchain Ecosystem Feb 2020 - New Members
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Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Honduras Establishes Bitcoin Valley in Santa Lucia to Boost Crypto Opportunities
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Honduras Establishes Bitcoin Valley in Santa Lucia to Boost Crypto Opportunities

Honduras has entered the cryptocurrency trend after launching “Bitcoin Valley” in Santa Lucia meant to spur more opportunities in the digital asset space.

Financial Stability on The Brink of Instability Due to Bigtech Companies
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Financial Stability on The Brink of Instability Due to Bigtech Companies

FSB Worries that the development of BigTech Companies and their growing user community may cause the disintegration of banks amongst other mainstream financial systems.

President Erdoğan of Turkey Intends to Host Virtual Forum in the Metaverse
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President Erdoğan of Turkey Intends to Host Virtual Forum in the Metaverse

Turkey's President has instructed officials of the ruling Justice and Development Party (AK Party) to conduct work on new developments, including metaverse.

Nigeria Tops in Global Crypto Ownership, With Nearly Half of the Population Being Crypto Users or Owners
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Nigeria Tops in Global Crypto Ownership, With Nearly Half of the Population Being Crypto Users or Owners

With cryptocurrencies being one of the technological innovations taking the world by storm, Nigeria takes the lead in terms of crypto ownership, a survey suggests.

Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off
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Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off

Circle, the issuer of USD Coin (USDC), was unable to withdraw $3.3 billion of its $40 billion reserves from Silicon Valley Bank (SVB), leading to a sell-off that caused the stablecoin's value to drop below its $1 peg. Circle initiated a wire transfer to remove the funds from SVB as the FDIC-insured bank was about to shut operations, but the transfer was not wholly processed, leaving $3.3 billion of USDC reserves with SVB. Dante Disparte, Circle's chief strategy officer, warned that SVB's failure could have broader implications for the US economy.

Executive Director of the Crypto Valley Association Talks Long-Term Vision of the Crypto Ecosystem
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Executive Director of the Crypto Valley Association Talks Long-Term Vision of the Crypto Ecosystem

Blockchain.News spoke exclusively with Alexander Schell, the Executive Director of the Crypto Valley Association to dig deeper regarding the association’s work in the industry.

JP Morgan, Ciena and Toshiba Partner to Establish Quantum Key Distribution Network
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JP Morgan, Ciena and Toshiba Partner to Establish Quantum Key Distribution Network

JP Morgan Chase, Ciena, and Toshiba announced to research a Quantum Key Distribution (QKD) system in groundbreaking research for better protection for blockchain networks from eavesdropping and quantum computing attacks.

Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares
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Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares

Morgan Stanley recently bought more shares in Grayscale Bitcoin Trust to expand its allocation in Bitcoin investment. The move indicates a continued and ever-increasing position in crypto-related assets.

DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme
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DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme

A Californian man pleaded guilty for his involvement in perpetrating BitClub Network, a cryptocurrency mining scheme that generated at least $722 million.

Deutsche Bank Ignored Suspicious Activity of Child Sex Trafficker Jeffrey Epstein, Bitcoin Community Screams Hypocrisy
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Deutsche Bank Ignored Suspicious Activity of Child Sex Trafficker Jeffrey Epstein, Bitcoin Community Screams Hypocrisy

The NY State Department of Financial Services has slapped Deutsche Bank with a $150 million dollar fine, Bitcoin Community has been quick to call out the institutional bank’s shortcomings in funding international sex trafficker Jeffrey Epstein.

NHL- San Jose Sharks To Accept Crypto for Tickets and Merchandise Sales
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NHL- San Jose Sharks To Accept Crypto for Tickets and Merchandise Sales

The San Jose Sharks ice hockey team will accept cryptocurrency as payment for season ticket purchases, sponsorship deals, suite leases, and merchandise next season. It's going to be the first NHL team to accept crypto.

What is Bitcoin Ordinals?
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What is Bitcoin Ordinals?

Bitcoin Ordinals, introduced in January 2023 by Casey Rodarmor, are a way to inscribe digital content on the Bitcoin blockchain.

HashKey Launches Wealth Management Platform for Institutional Investors
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HashKey Launches Wealth Management Platform for Institutional Investors

HashKey Group has launched a wealth management platform for professional and institutional investors in response to growing demand for virtual assets. The Hong Kong-based digital asset firm is expanding its over-the-counter trading service and increasing its liquidity coverage to 24/7.

UNODC: Surge in Cryptocurrency Misuse and Technology-Driven Crime in Southeast Asia
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UNODC: Surge in Cryptocurrency Misuse and Technology-Driven Crime in Southeast Asia

The UN Office on Drugs and Crime's latest report reveals an alarming increase in cryptocurrency misuse and advanced technological crime in East and Southeast Asia. The study focuses on the challenges faced by law enforcement against the backdrop of evolving online casinos, cyberfraud, and tech-driven underground banking networks.

HashKey Group Secures Licenses from Regulator to Operate Virtual Asset Trading Platform
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HashKey Group Secures Licenses from Regulator to Operate Virtual Asset Trading Platform

Hong Kong-based digital assets company HashKey Group announced it has secured regulatory approval from the Securities and Futures Commission of Hong Kong (SEC) to operate a virtual asset trading platform.

Defunct Crypto Lender BlockFi Has $227 Million in Uninsured Funds with Troubled Silicon Valley Bank
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Defunct Crypto Lender BlockFi Has $227 Million in Uninsured Funds with Troubled Silicon Valley Bank

A bankruptcy filing has revealed that BlockFi has $227 million in uninsured funds allocated to a money market mutual fund (MMMF) offered by Silicon Valley Bank (SVB), which was shut down by the California Department of Financial Protection and Innovation on March 10. While the investment may not be at risk despite SVB's troubles, the filing highlights that the funds are not FDIC-insured, not insured by any federal government agency, and "not guaranteed by the bank." The recent Silvergate bankruptcy has also impacted the crypto market.

Coinbase Faces $5M Penalty from New Jersey Securities Bureau and SEC Charges, Stock Tumbles 20%
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Coinbase Faces $5M Penalty from New Jersey Securities Bureau and SEC Charges, Stock Tumbles 20%

The New Jersey Bureau of Securities has issued a Summary Cease and Desist Order against leading cryptocurrency exchange Coinbase, Inc. for allegedly offering unregistered securities tied to its cryptocurrency staking services. The Bureau has further levied a hefty penalty of $5 million against Coinbase.

SEC to Regulate Binance Chain With Blockchain Analytics Firm CipherTrace
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SEC to Regulate Binance Chain With Blockchain Analytics Firm CipherTrace

The US Securities and Exchange Commission plans to award CipherTrace blockchain analytics firm with a contract pertaining to Binance Chain.

Turkey Leveraging Blockchain to Break US Dollar and SWIFT Dominance
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Turkey Leveraging Blockchain to Break US Dollar and SWIFT Dominance

In an effort to break economic ties with the United States and escape the US Dollar dominance of the global markets, Turkey is adopting blockchain and cryptocurrency at a greatly accelerated rate.

Germany's Largest Bitcoin Seizure: 50,000 BTC Confiscated in Piracy Probe
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Germany's Largest Bitcoin Seizure: 50,000 BTC Confiscated in Piracy Probe

German authorities seized 50,000 Bitcoins linked to a piracy website, with suspects transferring the digital currency to police wallets, causing uncertainty in cryptocurrency enforcement.

Cryptocurrency Is Not Just A Passing Fad: Morgan Stanley CEO
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Cryptocurrency Is Not Just A Passing Fad: Morgan Stanley CEO

Although Morgan Stanley CEO, James Gorman, has revealed that cryptocurrency is not a large part of the bank’s business, he admitted that it is not a fad that will fade away.

Signature Bank Under Investigation by US Government Bodies
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Signature Bank Under Investigation by US Government Bodies

Signature Bank is reportedly under investigation by both the Securities and Exchange Commission and the Department of Justice over concerns that the bank did not take adequate measures to detect potential money laundering by its clients. The bank was closed on March 12 as part of a series of bank closures that also included Silvergate Capital and Silicon Valley Bank.

Former OneCoin Executive Charged with Fraud
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Former OneCoin Executive Charged with Fraud

Irina Dilkinska, a former executive of fraudulent cryptocurrency scheme OneCoin, has been charged with wire fraud and conspiracy to commit money laundering. Dilkinska faces up to 40 years in prison and is accused of aiding in the laundering of over $400 million of OneCoin's proceeds.

Cardano Releases New Daedalus Wallet for the Shelley Testnet Ahead of Shelley Hard Fork
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Cardano Releases New Daedalus Wallet for the Shelley Testnet Ahead of Shelley Hard Fork

Input Output (IOHK), the blockchain engineering company behind Cardano has released the new Daedalus wallet for the Shelley testnet, less than a week after the Cardano Virtual Summit.

South Korea's Top Remittance Payment Company Global Money Express Joins RippleNet to Expand Payments into Thailand
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South Korea's Top Remittance Payment Company Global Money Express Joins RippleNet to Expand Payments into Thailand

Ripple has established a connection with Global Money Express, Korea’s top non-bank remittance payment company to link with Thailand’s Siam Business Bank.

Blockchain.News Presents: State of DeFi Survey
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Blockchain.News Presents: State of DeFi Survey

Blockchain.News State of DeFi Survey

MoneyGram Continues to Receive Millions in Development Fees From Ripple
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MoneyGram Continues to Receive Millions in Development Fees From Ripple

Ripple continues to pump money into MoneyGram remittance services in market development fees as compensation for providing liquidity to its ODL XRP network.

Investors Enjoy Growing Enthusiasm & Popularity of Bitcoin: Grayscale's Study
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Investors Enjoy Growing Enthusiasm & Popularity of Bitcoin: Grayscale's Study

A recent survey conducted by Grayscale Investments, a Digital Currency Group (DCG) owned crypto asset manager has revealed the growing enthusiasm and popularity of Bitcoin as an investable asset class.

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud
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3 Website Operators Lured Romance-Seeking Victims Into Their Fraud

Three website operators lured romance seekers with their bogus bitcoin investment scam.

Twitter CEO Jack Dorsey Supports Nigerian Protest Against Police Brutality With Bitcoin Donations
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Twitter CEO Jack Dorsey Supports Nigerian Protest Against Police Brutality With Bitcoin Donations

Twitter CEO Jack Dorsey has supported Nigeria's EndSars campaign against police brutality with an undisclosed amount of Bitcoin (BTC), asks public for further donations.

What Is Tome AI?
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What Is Tome AI?

Tome AI is an AI-powered platform for generative storytelling. It creates narratives and presentations, integrating interactive content and offering mobile-responsive layouts. It's used for creating decks, roadmaps, and more.

Quantinuum Secures $300 Million in Landmark Quantum Computing Funding Round
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Quantinuum Secures $300 Million in Landmark Quantum Computing Funding Round

Quantinuum secures a significant $300M equity fundraise at a $5B valuation, led by JPMorgan Chase, Mitsui, Amgen, and Honeywell, marking a major stride in the quantum computing sector and boosting development of fault-tolerant quantum computers.

Ripple Most Likely to Relocate Blockchain Firm to Japan Over Other Countries, Says SBI Holdings CEO
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Ripple Most Likely to Relocate Blockchain Firm to Japan Over Other Countries, Says SBI Holdings CEO

It appears that blockchain firm Ripple Labs may favor Japan over other locations when considering new headquarters outside of the United States.

Cardano’s Shelley Mainnet Enters Epoch 3 With Two Major Milestones Accomplished
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Cardano’s Shelley Mainnet Enters Epoch 3 With Two Major Milestones Accomplished

The Cardano Shelley mainnet has already reached two significant milestones ahead of epoch 3 — reaching the target of 1,000 registered stake pools and having the first block produced by an external party other than Input Output Hong Kong (IOHK) and Emurgo.

US FinCEN Files Show Deutsche Bank Tops List of Suspicious Transactions, So Cut Bitcoin Some Slack
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US FinCEN Files Show Deutsche Bank Tops List of Suspicious Transactions, So Cut Bitcoin Some Slack

German central bank, Deutsche Bundesbank appears to have facilitated over one trillion dollars of suspicious transactions flagged by US FinCEN.

Turkey Names Blockchain Expert to Central Bank Committee
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Turkey Names Blockchain Expert to Central Bank Committee

Turkey's central bank embraces blockchain with the appointment of crypto expert Prof. Fatma Ozkul to its monetary policy committee.

First Citizens Bank to Acquire Silicon Valley Bank Deposits and Loans
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First Citizens Bank to Acquire Silicon Valley Bank Deposits and Loans

First Citizens Bank will acquire all deposits and loans of Silicon Valley Bank after its collapse following rumors of a liquidity crisis. The FDIC has approved the purchase and assumption agreement, and Silicon Valley Bank depositors will become depositors of First Citizens Bank. The North Carolina-based bank is now the 30th largest commercial bank in the US.

SushiSwap CEO Proposes New Token Model
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SushiSwap CEO Proposes New Token Model

SushiSwap's CEO, Jared Grey, is leading a community proposal to revamp the platform's tokenomics, aiming to improve reward efficiency, recalibrate incentives, and diversify revenue streams.

Class-Action Lawsuit Filed against MoneyGram for Allegedly Misleading Investors with XRP
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Class-Action Lawsuit Filed against MoneyGram for Allegedly Misleading Investors with XRP

MoneyGram is currently facing a class-action lawsuit for allegedly misleading investors with XRP.

Jacobi Asset Management Firm Wins Approval to Launch Bitcoin ETF In Guernsey
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Jacobi Asset Management Firm Wins Approval to Launch Bitcoin ETF In Guernsey

Jacobi, an asset management firm, wins regulatory approval to launch an exchange-traded fund that tracks the prices of Bitcoin for investors across Guernsey.

Walt Disney Seeks Attorney to Explore Emerging Technologies in NFTS
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Walt Disney Seeks Attorney to Explore Emerging Technologies in NFTS

Walt Disney Company is hiring a deal attorney to explore emerging technologies, including NFTs.

Cardano’s Project Catalyst: Building a Decentralized Financial System to Remove "Top-Down" Governance
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Cardano’s Project Catalyst: Building a Decentralized Financial System to Remove "Top-Down" Governance

In order to fulfill the final components for Cardano’s Voltaire, including its evolution into a self-sustainable blockchain, IOHK introduced a new experimental treasury system combining proposal and voting procedures — Project Catalyst.

No One is Losing Bitcoin Keys Anymore, says Galaxy Digital CEO Mike Novogratz
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No One is Losing Bitcoin Keys Anymore, says Galaxy Digital CEO Mike Novogratz

Former Goldman Sachs hedge manager and seasoned investor Mike Novogratz said that nowadays, losing Bitcoin keys just does not happen anymore.

First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown
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First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown

FinCEN charged a Bitcoin-mixing operator with a $60 million civil money penalty for violating anti-money laundering regulations.

All You Need to Know About the Silicon Valley Cryptocurrency
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All You Need to Know About the Silicon Valley Cryptocurrency

The rising popularity of cryptocurrency has contributed to a revolution in the digital currency industry. Currently, a U.S based venture capital firm, Andra Capital, has announced its desire to introduce its own Silicon Valley cryptocurrency to leverage its business. It is interesting to see that the company has joined the list of other enterprises like JPMorgan Chase, Arias Intel Corp, Facebook, and others that have created or in the process of creating cryptocurrencies they call their own.

Litecoin Enters Top 20, Soared Over 28% in The Last 7 Days, Here Is Why
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Litecoin Enters Top 20, Soared Over 28% in The Last 7 Days, Here Is Why

Investors are upbeat about Litecoin since the beginning of this month. The token has outperformed in the past few days, with the market cap reaching $4.91 billion.

Cardano ADA Price to See Upside Potential as Metadata Transactions Ready for Goguen
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Cardano ADA Price to See Upside Potential as Metadata Transactions Ready for Goguen

Cardano’s founder, Charles Hoskison recently announced new details about the protocol’s next phase, Goguen.

Anticipation for Cardano’s Mary Upgrade Grows as It Is Hours from Launching – Here’s What You Need to Know
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Anticipation for Cardano’s Mary Upgrade Grows as It Is Hours from Launching – Here’s What You Need to Know

Cardano’s blockchain upgrade, dubbed Mary, is set to go live today at 21:44 UTC.

Prepare for Bitcoin’s Early Adopters (They’re Not Who You Expect)
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Prepare for Bitcoin’s Early Adopters (They’re Not Who You Expect)

As the opt-out movement gains steam, another group of people may end up pushing crypto into the mainstream: old people and business leaders.

NFT will Become the Revenue Model of Metaverse,Co-founder of Tether William Quigley says
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NFT will Become the Revenue Model of Metaverse,Co-founder of Tether William Quigley says

William Quigley, the co-founder of the stablecoin- Tether (USDT), said the business model would undergo radical changes in the future. The delivery of non-fungible tokens (NFTs) will become the revenue model of Metaverse and Crypto.

Federal Regulators Testify on Bank Failures
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Federal Regulators Testify on Bank Failures

Representatives from the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve will testify before the United States House Financial Services Commission in a hearing investigating the collapse of Silicon Valley Bank and Signature Bank. Lawmakers are seeking to understand why and how these banks failed. The hearing is expected to take place on March 29, and both the FDIC chair and the Fed Vice Chair for Supervision will appear before Congress.

Crypto.com Launches Turkish Language Version of App and Crypto Exchange
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Crypto.com Launches Turkish Language Version of App and Crypto Exchange

Crypto.com are services for Turkey, a rapidly emerging digital market with a strong affinity for and a high adoption rate of cryptocurrency and blockchain technology.

$265M in BTC Withdrawn from Binance in 2018 Suspected of Money Laundering
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$265M in BTC Withdrawn from Binance in 2018 Suspected of Money Laundering

A Bitcoin address, 1EU2pMence1UfifCco2UHJCdoqorAtpT7, has been accused of laundering $265 million through Bitcoin mixers. The transactions, which were all on-chain, have sparked debate among crypto enthusiasts.

EPC Blockchain among 16 Startups Selected to Join EY Incubator
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EPC Blockchain among 16 Startups Selected to Join EY Incubator

Big four accounting firm Ernst & Young (EY) has selected 16 early-stage startups to join its EY Foundry Cohort 5 program to propel disruptive solutions in four areas.

Binance CEO Highlights Disproportionate Narrative on Illicit Activities in Crypto versus Fiat Currencies
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Binance CEO Highlights Disproportionate Narrative on Illicit Activities in Crypto versus Fiat Currencies

Dr. Andrzej Gwizdalski and Binance CEO Richard Teng's analysis reveals traditional fiat currencies are involved in more illicit activities ($3.2 trillion annually) than cryptocurrencies ($20 billion), prompting a rethinking of the narrative.

Turkish Central Bank Announces Partnership with Technology Firms to Develop CBDC
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Turkish Central Bank Announces Partnership with Technology Firms to Develop CBDC

Turkey’s central bank has expanded its commitment towards launching a CBDC. The monetary authority has formed partnerships with technology firms to develop a prototype of a national digital currency.

Swiss Crypto Firm Launches Venture Fund, Supporting African Early-Stage Blockchain Startups
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Swiss Crypto Firm Launches Venture Fund, Supporting African Early-Stage Blockchain Startups

Crypto Valley Venture Capital's venture fund will offer early-stage financing to African blockchain startups that have the potential to benefit humanity.

Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms
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Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms

The Securities and Futures Commission (SFC) of Hong Kong concluded a consultation period today, revealing the finalized regulatory requirements for operators of virtual asset trading platforms licensed by the SFC.

Do Europeans Want a Decentralized Digital Euro? Asks ECB Survey
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Do Europeans Want a Decentralized Digital Euro? Asks ECB Survey

Do Europeans want a decentralized digital euro that does not rely on a central intermediary? The European Central Bank is asking for public opinion on CBDC with a new survey.

HK to Issue Tokenised Green Bond, Open Market for Virtual Assets ETFs Trading
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HK to Issue Tokenised Green Bond, Open Market for Virtual Assets ETFs Trading

HKFTW2022: In the latest policy statement published in Hong Kong, regulators disclosed issuing tokenized green bonds this year and actively developing virtual assets trading.=

Stablecoin On-Chain Activity at Record Highs but Will Crypto Market Inflation Follow?
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Stablecoin On-Chain Activity at Record Highs but Will Crypto Market Inflation Follow?

On-chain activity for stablecoins has surged over the last year, increasing by 800% according to the latest market intelligence, but could the increase in stablecoin issuance create inflation in the cryptocurrency markets as past allegations against Tether and Bitfinex have suggest ?

Turkey's Concern for Crypto Mounts, Races to Implement Long-Awaited Regulation
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Turkey's Concern for Crypto Mounts, Races to Implement Long-Awaited Regulation

Following confirmation that the long-awaited crypto regulation is ready by the Turkish President, Recep Tayyip Erdoğan, stakeholders in the country want the regulations to be implemented as soon as possible.

Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation
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Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud.

Regulating Cryptocurrencies like XRP with Securities Laws Not Always the Best Approach – Former SEC Executive
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Regulating Cryptocurrencies like XRP with Securities Laws Not Always the Best Approach – Former SEC Executive

Joe Hall, a former SEC executive, has commented on the lawsuit against Ripple over XRP cryptocurrency. He, for one, thinks that crypto is here to stay.

Ukraine’s Largest Bank Privatbank Suspends Money Transfers to Crypto Exchanges amid Martial Law
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Ukraine’s Largest Bank Privatbank Suspends Money Transfers to Crypto Exchanges amid Martial Law

Other local banks in Ukraine have also imposed restrictions authorized by the country’s central bank under the current martial law.

BIS builds out "game-changing" blueprint for the future monetary and financial system
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BIS builds out "game-changing" blueprint for the future monetary and financial system

The Bank for International Settlements (BIS) is set to redefine the global financial landscape with its newly released blueprint for a futuristic monetary system.

New Money Theory in Action: Circle's USDC Stablecoin
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New Money Theory in Action: Circle's USDC Stablecoin

Circle is gearing up for 2020 with a renewed deep focus on stablecoins and the powerful potential they hold for people, enterprises, and governments globally.

Silvergate Faces Another Securities Law Class-Action Suit
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Silvergate Faces Another Securities Law Class-Action Suit

Silvergate Capital, owner of Silvergate Exchange Network and Silvergate Bank, was sued in a class action. The complaint says Silvergate's platform missed $425 million in money laundering. The action argues the class might comprise hundreds or thousands of New York Stock Exchange-traded Silvergate shares.

Cardano’s Shelley Mainnet Code Launch at Virtual Summit Could be a Catalyst for ADA Price Rally
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Cardano’s Shelley Mainnet Code Launch at Virtual Summit Could be a Catalyst for ADA Price Rally

Prior to the bearish slump, Cardano’s ADA cryptocurrency has risen around 50% since late May 2020, in light of the news of its Shelley upgrade. The Shelley mainnet is a decentralized network of community nodes operating on a proof-of-stake consensus protocol, with less central governance coming from the developers.

Square to Establish Decentralized Bitcoin Exchange
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Square to Establish Decentralized Bitcoin Exchange

Jack Dorsey, CEO of American financial services and digital payments company Square, announced on Twitter recently that the company's new TBD division has drawn a new direction to create a decentralized exchange for Bitcoin.

Square’s Cash App Q3 Report Attributes 80% of $2 Billion Revenue to Bitcoin
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Square’s Cash App Q3 Report Attributes 80% of $2 Billion Revenue to Bitcoin

Square’s Cash App Q3 report shows that Bitcoin has overtaken all other revenue sources and accounts for 80% of its entire $2 billion third-quarter revenue.

Canadian Crypto Exchange Shuts Down to Protect Customers
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Canadian Crypto Exchange Shuts Down to Protect Customers

In Vancouver, Canada, another cryptocurrency exchange has closed down. This is not the first Canadian based Exchange to encounter problems, with some users losing everything last year when another exchange lost access to private keys.

US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
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US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members

A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.

Superstate Gains $14m in Series A Led by Distributed Global and CoinFund
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Superstate Gains $14m in Series A Led by Distributed Global and CoinFund

Superstate, an innovative asset management firm, has secured a $14 million Series A financing round, aiming to expand its team and launch private funds for institutional investors.

AI Image Service Bans Xi Jinping Pictures
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AI Image Service Bans Xi Jinping Pictures

Midjourney, an AI image generation service, has banned users from creating pictures of Chinese President Xi Jinping. However, users have found a workaround by creating deepfakes instead. Midjourney has disabled access to its free trial version to prevent the proliferation of deepfakes on its platform. The ban has sparked criticism from some, who argue that it is a form of censorship and undermines free speech.

German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme
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German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme

Horst Jicha, founder of USI Tech, has been charged with defrauding investors of $150 million in a fraudulent crypto scheme, marking a significant development in regulatory action against crypto-related crimes.

Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion
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Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion

Russian Hacker Alexander Vinnik has been sentenced to 5 years imprisonment by a Parisian court. The judgment may be appealed as noted by Vinnik's lawyer.

$4 Billion Laundered by Criminals through DEXs, Elliptic Report Shows
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$4 Billion Laundered by Criminals through DEXs, Elliptic Report Shows

Elliptic's report suggested that criminals have laundered the total sum of $4 billion through Decentralized Exchanges (DEXs), bridges, and protocols offering Coin Swaps.

Turkish Crypto Exchange Founder Arrested
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Turkish Crypto Exchange Founder Arrested

Thodex founder, Faruk Fatih Ozer, has been arrested upon his arrival at Istanbul airport after two years on the run. Ozer faces charges of fraud and money laundering, relating to allegations of an exit scam involving at least $2 billion worth of cryptocurrency stolen from Thodex.

EBA Issues Updated Guidelines for Crypto Asset Service Providers
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EBA Issues Updated Guidelines for Crypto Asset Service Providers

The European Banking Authority (EBA) extends Anti-Money Laundering and Counter-Terrorist Financing measures to include crypto firms, aiming to harmonize regulatory approaches and mitigate financial crime risks in the EU.

Catheon Gaming Hires Mark Aubrey as New CEO To Drive Growth
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Catheon Gaming Hires Mark Aubrey as New CEO To Drive Growth

Mark Aubrey will help Catheon Gaming scale its operations in Asia and across the world. The blockchain firm is seeing significant growth since its formation in September last year. It is apparent that the firm needs someone with a robust operational background to help it scale.

US Department of Homeland Security to Host Blockchain-Based Digital Wallet Event with $25K Reward
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US Department of Homeland Security to Host Blockchain-Based Digital Wallet Event with $25K Reward

DHS Science and Technology Directorate (S&T) and Silicon Valley Innovation Program (SVIP) will host a virtual event for a Digital Wallets Challenge on Oct 27.

Square's $50 Million in Bitcoin is Better for Crypto than MicroStrategy's $425 Million BTC Investment
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Square's $50 Million in Bitcoin is Better for Crypto than MicroStrategy's $425 Million BTC Investment

While Square’s investment is significantly smaller than MicroStrategy’s, the effects could be significantly greater for Bitcoin’s visibility and maturity in the mainstream markets.

Twitter Takes on Decentralization with New Social Media Development Project
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Twitter Takes on Decentralization with New Social Media Development Project

Bluesky – the new social media decentralized initiative, endorsed by Jack Dorsey of Twitter and five other programmers. Dorsey has dedicated funds for this new project, which ultimately will put social media platforms on blockchain.

Report: US Banks Face Satisfaction Paradox, Following Silicon Valley Bank Collapse
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Report: US Banks Face Satisfaction Paradox, Following Silicon Valley Bank Collapse

GFT's study shows 42% of US banking customers are satisfied, but 58% feel there's room for improvement. Despite this, only 14% of global consumers are considering a change, while trust remains strong with 78% still relying on traditional institutions.

FCA Warns Crypto Businesses Fail to Meet UK’s Money Laundering Regulations Standard
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FCA Warns Crypto Businesses Fail to Meet UK’s Money Laundering Regulations Standard

The UK’s Financial Conduct Authority has disclosed that many crypto firms are withdrawing their applications to register with the agency.

Square Wants Less Technical User-Friendly Cryptocurrency Wallets
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Square Wants Less Technical User-Friendly Cryptocurrency Wallets

Square Crypto, the cryptocurrency arm of the online payment service provider Square Inc is set to fund the development of crypto wallets with enhanced UX.

Russian Alexander Vinnik Remained To Jail Five Years For Money-laundering
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Russian Alexander Vinnik Remained To Jail Five Years For Money-laundering

The Paris Court remained upheld of five-year imprisonment for BTC-e operator Alexander Vinnik. Still, it exempted him from a fine of 100,000 euros to consider that Vinnik was unable to pay the fine.

Turkish Female Investors Shows More Crypto Knowledge than Male Counterparts, Study Shows
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Turkish Female Investors Shows More Crypto Knowledge than Male Counterparts, Study Shows

More women are investing and trading cryptocurrencies in Turkey as their crypto curiosity tops that of men, according to a survey by crypto exchange KuCoin.

Tornado Cash Developer Set to be Released
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Tornado Cash Developer Set to be Released

Tornado Cash developer, Alex Pertsev, who was arrested last August for his alleged involvement in money laundering through the crypto mixing service, is set to be released after spending nearly nine months in prison.

Washington D.C. Attorney Faces SEC Insider Trading Charges
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Washington D.C. Attorney Faces SEC Insider Trading Charges

Romero Cabral da Costa Neto, a visiting attorney at a global law firm, has been charged with insider trading by the SEC, alleging he accessed confidential information about Swedish Orphan Biovitrum's acquisition of CTIC and purchased over 10,000 shares.

Stellar Development Foundation Invests in International Transfer Giant MoneyGram
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Stellar Development Foundation Invests in International Transfer Giant MoneyGram

Stellar Development Foundation (SDF) becomes a minority investor in MoneyGram during its go-private deal with Madison Dearborn Partners. This move strengthens SDF's role in MoneyGram's digital journey and fintech innovations.

The Rescheduling of Changpeng 'CZ' Zhao's Sentencing Reflects Legal Complexities and Implications
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The Rescheduling of Changpeng 'CZ' Zhao's Sentencing Reflects Legal Complexities and Implications

Changpeng "CZ" Zhao, founder of Binance, faces a legal hurdle as his money laundering charges are postponed to April 30. The case highlights the ongoing struggle between cryptocurrency entities and regulatory bodies, raising questions about digital asset future.

US Sanctions Crypto Addresses of Russian Hackers Accused of Running Presidential Election Interference
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US Sanctions Crypto Addresses of Russian Hackers Accused of Running Presidential Election Interference

The US has released a sanctions list of Russians and their crypto addresses, under allegations that they have been interfering with the presidential election.

$250,000 BTC: Kraken Survey Shows Investors are Bullish on Bitcoin, Altcoins and DeFi in 2021
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$250,000 BTC: Kraken Survey Shows Investors are Bullish on Bitcoin, Altcoins and DeFi in 2021

The latest Kraken VIP sentiment survey reflects how investors think the crypto sector might evolve in 2021. Some are projecting the BTC price as high as $250,000.

Cardano’s Shelley Mainnet Set to Launch, ADA Price Predictions are High
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Cardano’s Shelley Mainnet Set to Launch, ADA Price Predictions are High

The third-generation blockchain Cardano is making some promising strides with its development plan as it matures into its more decentralized “Shelley Era.”

The Most Unworkable State Law
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The Most Unworkable State Law

An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.

SEC Finalizes Lawsuit Against the Founder and CEO of Fraudulent ICO
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SEC Finalizes Lawsuit Against the Founder and CEO of Fraudulent ICO

The US Securities and Exchange Commission (SEC) has revealed that it has received a final judgment in a US district court action against Eran Eyal, the CEO and founder of Shopin token offering for carrying out an allegedly fraudulent ICO.

Explosive growth alongside peace of mind offered by C10 from Invictus
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Explosive growth alongside peace of mind offered by C10 from Invictus

With investor focus shifting towards the next market downturn, investors are increasingly seeking protection against potential future drawdowns. The Invictus Capital Crypto10 Hedged fund (C10) is that protection investors are looking for and holds the answers to many investor concerns. The C10 fund has continued to offer investors unparalleled risk adjusted returns in 2021 with a 119% increase in performance for the first quarter.

Top Lawyer Sydney Schaub Departs from Gemini by Joining Opendoor Technologies Inc.
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Top Lawyer Sydney Schaub Departs from Gemini by Joining Opendoor Technologies Inc.

Schaub resigned her role as general counsel of cryptocurrency exchange Gemini. She is joining an online real estate company Opendoor Technologies Inc. as a chief legal officer.

Circle's Stablecoin USDC Affected by Collapsed Bank
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Circle's Stablecoin USDC Affected by Collapsed Bank

Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market cap by nearly 10% since March 11.

US SEC Hiring Attorneys for Crypto Assets and Cyber Unit
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US SEC Hiring Attorneys for Crypto Assets and Cyber Unit

The US SEC is hiring general attorneys in New York, San Francisco, and Washington D.C. for its Crypto Assets and Cyber Unit in the Division of Enforcement. The job will involve investigating crypto asset securities and cyber issues, drafting subpoenas, and questioning witnesses. This move comes after the SEC chairman Gary Gensler asked for $2.4 billion in funding to chase down crypto misconduct.

Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash
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Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash

The former head of the People’s Bank of China announced that the soon to be launched Digital Yuan will be able to replace cash if certain key conditions are met.

Huobi Announces Plan To Launch A Fiat Gateway For Turkish Users
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Huobi Announces Plan To Launch A Fiat Gateway For Turkish Users

At the Eurasia Blockchain Summit Istanbul, Huobi Global declared its ambition to launch a crypto trading platform for Turkey users which will start with Turkish Lira (TRY) / paring and which they hope will enable users to exchange more crypto assets with greater liquidity.

South Korea Cracks Down on Cryptocurrency, Credit Card Purchases Banned
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South Korea Cracks Down on Cryptocurrency, Credit Card Purchases Banned

South Korea intensifies crypto regulations in 2023, targeting illicit flows and tightening credit card use for crypto purchases.

Turkey Witnesses Resurgence in Crypto Trades Above 1M per day
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Turkey Witnesses Resurgence in Crypto Trades Above 1M per day

Turkey is witnessing a resurgence in cryptocurrency trades of above one million per day due to a continuous fall in the value of the country's currency, Reuters reported.

New Jersey State Considering New Bill to Set New Requirements for Cryptocurrency Businesses
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New Jersey State Considering New Bill to Set New Requirements for Cryptocurrency Businesses

The New Jersey state legislature received a new bill, the Digital Asset and Blockchain Technology Act by Assemblywoman Yvonne Lopez. This new bill would require cryptocurrency and virtual currency to obtain a license to operate, allowing for more consumer-friendly protections.

Visa's New Debit Card Rumored to Use XRP for Payments
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Visa's New Debit Card Rumored to Use XRP for Payments

In an announcement made yesterday, Moneygram has partnered with Visa to launch a peer-to-peer debit card service.

The Russia-Ukraine War Might Accelerate CBDC Issuance, Former BOJ Official Says
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The Russia-Ukraine War Might Accelerate CBDC Issuance, Former BOJ Official Says

The sanctions slapped on Russia based on its invasion of Ukraine might prompt more nations to adopt CBDCs as a shield against the U.S. dollar’s supremacy in the global financial system.

Fintech MoneyLion Adds Crypto Trading with $1M Prize Before IPO
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Fintech MoneyLion Adds Crypto Trading with $1M Prize Before IPO

Financial technology company MoneyLion introduced cryptocurrency services to its integrated financial service application before its public listing, allowing clients to buy and sell Bitcoin and Ethereum freely.

US House Committee to Probe Crypto Crimes in November Hearing
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US House Committee to Probe Crypto Crimes in November Hearing

The US House Financial Services Committee will hold a hearing today, November 15, 2023, to examine illicit cryptocurrency activities, including money laundering and terrorist financing, and discuss the Department of Justice's focus on these crimes.

AC Milan Collaborates with MonkeyLeague to Debut e-Soccer Game
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AC Milan Collaborates with MonkeyLeague to Debut e-Soccer Game

Italian soccer champion AC Milan becomes the first soccer club to partner with Web3-based NFT soccer gaming platform MonkeyLeague

Alchemy Pay Expands U.S. Footprint with Iowa Money Services License
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Alchemy Pay Expands U.S. Footprint with Iowa Money Services License

Alchemy Pay, a prominent crypto-fiat payment gateway, has secured a Money Services License in Iowa, marking a significant expansion in the U.S. market and enhancing its global compliance portfolio.

European Union Introduces Comprehensive Crypto Law
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European Union Introduces Comprehensive Crypto Law

The European Union has introduced a new crypto licensing regime called Markets in Crypto-Assets (MiCA), making it the first major jurisdiction in the world to introduce a comprehensive crypto law. The EU also voted in favor of a Transfer of Funds regulation that requires crypto operators to identify their customers in a bid to halt money laundering.

Cardano’s Shelley Hard Fork Countdown Has Begun, Tests Have Been Positive So Far
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Cardano’s Shelley Hard Fork Countdown Has Begun, Tests Have Been Positive So Far

Cardano founder Charles Hoskison announced today that IOHK’s Director of DevOps Samuel Leathers has initiated the update proposal for Cardano’s Shelley hard fork. The countdown for the long-awaited Shelley hard fork on Cardano’s main network has begun and will take five days, as scheduled on July 29.

Brock Pierce's Presidential Campaign Enlists Akon as Chief Strategist
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Brock Pierce's Presidential Campaign Enlists Akon as Chief Strategist

Crypto entrepreneur Akon has announced that he will be endorsing Brock Pierce’s presidential campaign and joining the crypto venture capitalist’s campaign team.

One of the Richest Men in Mexico Invests in Bitcoin, saying “Paper Money is Worth Nothing”
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One of the Richest Men in Mexico Invests in Bitcoin, saying “Paper Money is Worth Nothing”

One of the wealthiest men in Mexico, Ricardo Salinas Pliego has just revealed that he had invested 10% of his liquid portfolio in Bitcoin (BTC).

HashKey Launches as HK's First Licensed Retail Crypto Exchange, Begins BTC and ETH Trading
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HashKey Launches as HK's First Licensed Retail Crypto Exchange, Begins BTC and ETH Trading

HashKey Exchange, Hong Kong's first licensed retail virtual asset exchange, launched on 28 August 2023, offering direct bank transfers in USD and HKD, initial fiat trading pairs, and strict compliance with the Hong Kong Securities and Futures Commission.

Ripple and MoneyGram Partnership Ends amid SEC Lawsuit
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Ripple and MoneyGram Partnership Ends amid SEC Lawsuit

Ripple and MoneyGram’s partnership through which they furthered remittance services using XRP and Ripple technology has officially ended.

G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence
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G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence

According to a report released by the Financial Intelligence Unit of Mexico, the G7 banking sector was most at risk of money laundering operations.

A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder
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A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder

Thomas (Tom) Lee, the founder of Fundstrat Global Advisors, believes that a hike in interest rates will be a game-changer for crypto because other investments like bonds will become less attractive.

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns
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South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns

South Korea's Financial Intelligence Unit (FIU) is set to introduce new regulations targeting digital asset mixers, mirroring similar moves by the US. These measures aim to curb the use of crypto mixers for illegal money laundering.

HSBC approves multi-million-pound bonuses for Silicon Valley Bank UK staff
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HSBC approves multi-million-pound bonuses for Silicon Valley Bank UK staff

HSBC UK Bank, which acquired Silicon Valley Bank UK for just one pound, has reportedly approved multi-million-pound bonuses for its staff and senior executives. The bonus pool, totaling between £15m and £20m, was described as "modest" by insiders and was said to be in honor of previously agreed payments and to retain key staff.

Morgan Stanley Chose This Year’s Best Safe Haven Asset—It’s Not Bitcoin
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Morgan Stanley Chose This Year’s Best Safe Haven Asset—It’s Not Bitcoin

The Morgan Stanley analysts said that although the Japanese yen and the Swiss franc remain safe havens, their dynamics are shifting.

OKEx to Shut Down Its Crypto Business Operations in South Korea by April
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OKEx to Shut Down Its Crypto Business Operations in South Korea by April

OKEX intends to shut down its crypto branch in South Korea. According to sources familiar with the talks, the move is attributed to new anti-money laundering regulations in the country.

Bitcoin Ordinals Creator Casey Rodarmor Expands Ecosystem with "Runes"
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Bitcoin Ordinals Creator Casey Rodarmor Expands Ecosystem with "Runes"

Casey Rodarmor, known for his innovative Bitcoin Ordinals, has introduced a new fungible token protocol for Bitcoin called "Runes." The protocol aims to simplify user experience and could bring significant advantages to Bitcoin, despite the controversial reputation of fungible tokens.

SK Chairman Chey Tae-won Champions AI Transformation in Business
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SK Chairman Chey Tae-won Champions AI Transformation in Business

SK Group Chairman Chey Tae-won urges businesses to adapt to the AI era by reshaping their models, focusing on flexibility, strategic partnerships, and offering comprehensive AI solutions.

US DOJ and SEC launch inquiries into Silicon Valley Bank collapse
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US DOJ and SEC launch inquiries into Silicon Valley Bank collapse

The DoJ and SEC have started investigations into the sudden collapse of Silicon Valley Bank and the stock sales made by its financial officers leading up to its closure. The probes are in their early stages and may not result in charges or allegations of wrongdoing.

Bentley University Rolls Out Crypto Payment Option for Tuition Fees
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Bentley University Rolls Out Crypto Payment Option for Tuition Fees

To offer students and their families new methods to pay tuition, US-based Bentley University has started accepting crypto payments.

Coinbase Uses Multi-Party Computation to Enhance Crypto Wallet Security and User Experience
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Coinbase Uses Multi-Party Computation to Enhance Crypto Wallet Security and User Experience

Coinbase is making strides towards simplifying the onboarding process for web3, bolstering both security and recovery for crypto wallets. The company is deploying a cryptographic technique called Multi-Party Computation (MPC) to eliminate key management hurdles that have long been a barrier to mainstream web3 adoption.

SEC Faces Criticism from Elizabeth Warren over Bitcoin ETF Approvals
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SEC Faces Criticism from Elizabeth Warren over Bitcoin ETF Approvals

U.S. Senator Elizabeth Warren has expressed strong disapproval of the SEC's recent decision to approve 11 spot bitcoin ETFs, emphasizing the necessity of stringent anti-money laundering regulations in the cryptocurrency sector.

North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist
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North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist

North Korea has escalated cyber attacks on cryptocurrency since 2017, stealing over $3 billion and stealing $1.7 billion in 2022, posing a serious threat to the country's economy and military budget.

Thailand's Mystic Valley Music Festival To Receive Payment Via its Minted MYST Tokens
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Thailand's Mystic Valley Music Festival To Receive Payment Via its Minted MYST Tokens

Thailand's Mystic Valley music festival will be accepting payment for tickets from attendees through its own native MYST tokens.

How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic
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How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic

Coronavirus disease has changed our lives in unprecedented ways. With the imminent lockdown caused by the virus, several reorganizations had to be implemented to keep our lives going. This brief analysis highlights some of the key ways that the application of Blockchain Technology is helping in the fight against the COVID-19 disease and pandemic.

US Deputy Treasury Secretary Proposes Reforms to Enhance Crypto Enforcement Against International Bad Actors
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US Deputy Treasury Secretary Proposes Reforms to Enhance Crypto Enforcement Against International Bad Actors

US Deputy Treasury Secretary Adewale Adeyemo proposes reforms to enhance enforcement against cryptocurrencies, including secondary sanctions, extraterritorial jurisdiction, and a new secondary sanctions tool.

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist
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Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist

Australia recorded one of its first cases of cryptocurrency theft recently.

South Korea’s Financial Watchdog to Stamp Out Illegal Crypto Activities
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South Korea’s Financial Watchdog to Stamp Out Illegal Crypto Activities

South Korea’s financial watchdog, the Financial Supervisory Service and the Finance Ministry, has teamed up with various financial authorities to crack down on illegal crypto activities.

Charles Hoskinson to Airdrop Kanye Coin and Pierce Coin to Demonstrate Cardano’s Multi-Asset Standard
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Charles Hoskinson to Airdrop Kanye Coin and Pierce Coin to Demonstrate Cardano’s Multi-Asset Standard

With just one more day to go with the availability of participants being able to interact with the Shelley mainnet launched on June, 30; Charles Hoskinson, the founder, and CEO of Input Output (IOHK), the blockchain engineering firm behind the Cardano blockchain, took it to his “Ask me anything” (AMA) session on Youtube, addressing the recent news on the US Presidential candidates, Kanye West and Brock Pierce.

Majority of American Adults Believe Financial System Favors Powerful Interests, 20% Own Cryptocurrency
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Majority of American Adults Believe Financial System Favors Powerful Interests, 20% Own Cryptocurrency

80% of American adults believe the financial system favors those with powerful interests, according to a survey by Coinbase. The survey of over 2,000 American adults also found that 67% of respondents called for a major overhaul of the financial system. Despite recent negative news about cryptocurrency, the survey found that 20% of respondents own cryptocurrency, and a third plan to buy, sell or trade cryptocurrency in the next year.

Polkadot Regains Bullish Momentum as Osprey Launches Polkadot Trust
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Polkadot Regains Bullish Momentum as Osprey Launches Polkadot Trust

Crypto asset management company Osprey Funds announced the establishment of the Osprey Polkadot Trust.

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found
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CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

US CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.

ACE Exchange President Michael Wang Arrested
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ACE Exchange President Michael Wang Arrested

Michael Wang, President of ACE Exchange, was recently arrested on charges of fraud and money laundering, marking a significant event in the cryptocurrency industry.

US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime
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US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime

The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).

Blockchain-based Digital Identification For Online Public Services In Turkey
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Blockchain-based Digital Identification For Online Public Services In Turkey

Turkey will employ blockchain-created digital identities to access public services. National blockchain infrastructure planning began in 2019. Mobile phones will store digital data. Turkey has launched several blockchain projects, however few have been completed.

Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions
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Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions

The Australian government is piloting a blockchain database to find out its viability on conveyancing transactions.

Bitcoin Could Rally Towards $75,000 “Very Quickly,” says Equity Strategist
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Bitcoin Could Rally Towards $75,000 “Very Quickly,” says Equity Strategist

Matt Maley, the equity strategist at leading institutional trading firm Miller Tabak + Co, believes Bitcoin could rally towards $75,000 “very quickly” based on some chart patterns.

Twitter Reportedly Developing Bitcoin Tipping Service for Sending Money to Favorite Accounts
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Twitter Reportedly Developing Bitcoin Tipping Service for Sending Money to Favorite Accounts

Twitter is reportedly working on a new tipping feature on the popular social media platform, which will allow users to send Bitcoin directly to their favorite accounts.

Morgan Stanley Buys E*Trade for 13 Billion USD, Providing Link For Everyday Online Traders
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Morgan Stanley Buys E*Trade for 13 Billion USD, Providing Link For Everyday Online Traders

Wall Street giant Morgan Stanley is creating more access for everyday investors with the announcement of an imminent $13 billion acquisition of online trading firm E*Trade Financial Group.

Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges
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Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges

Tornado Cash's co-founder, Roman Storm, has filed a dismissal motion for charges related to money laundering and violating the IEEPA.

HashKey PRO Moves to Expand Retail Services in Hong Kong with New License Application
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HashKey PRO Moves to Expand Retail Services in Hong Kong with New License Application

HashKey PRO, a Hong Kong Securities and Futures Commission (SFC)-licensed virtual asset trading platform, has taken a major step towards broadening its services in the region.

Sushi Chef Addresses SEC Subpoena
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Sushi Chef Addresses SEC Subpoena

Jared Grey, head chef of Japan-based DAO, Sushi, stated that no one associated with Sushi has violated U.S. federal security laws in response to a subpoena from the SEC. Grey is cooperating with the SEC and stated that it is unknown whether further subpoenas will be issued to others linked with Sushi.

Cardano’s Shelley Hard Fork Successful, Network on its Way to Become the World’s Financial Operating System
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Cardano’s Shelley Hard Fork Successful, Network on its Way to Become the World’s Financial Operating System

Cardano’s second developmental phase, Shelley has been successfully launched, the hard fork was successful in transforming Cardano into the Shelley era from Byron.The hard fork took Cardano from its Byron era to Shelley, to enable the network to become more decentralized and autonomous.

Digital Asset Firm Osprey Unveils First-Ever Polygon Trust Fund
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Digital Asset Firm Osprey Unveils First-Ever Polygon Trust Fund

Osprey Funds digital assets management firm has launched the Osprey Polygon Trust to make it easier for both institutional and retail investors to invest in Polygon (MATIC) cryptocurrency.

Could Twitter Bitcoin Hack Have Been Prevented? Twitter Faces Heat From SEC
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Could Twitter Bitcoin Hack Have Been Prevented? Twitter Faces Heat From SEC

There is ongoing speculation that the massive Bitcoin hack that overtook Twitter on July 15 could have been prevented if Twitter CEO Jack Dorsey and his multi-billion dollar social networking company had taken matters into their own hands and addressed the security concerns outlined by the Securities Exchange Commission (SEC) in 2015.

Web3 Hackathon on Astar sponsored by Toyota Motor Corporation
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Web3 Hackathon on Astar sponsored by Toyota Motor Corporation

Toyota Motor Corporation, Japan’s largest conglomerate with over 330,000 employees worldwide, is sponsoring its first ever global Web3 hackathon. It has chosen Astar Network, the smart contract platform for multichain, to make Web3 use cases for Toyota’s employees.

Samsung Facilitates Blockchain Use on Galaxy Devices
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Samsung Facilitates Blockchain Use on Galaxy Devices

Samsung issued an official announcement to inform users that they will now be able to manage and trade cryptocurrencies from third-party wallets directly on Samsung Galaxy smartphones.

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme
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US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.

Twitter CEO Jack Dorsey Says Coinbase CEO's Apolitical Stance "Leaves People Behind"
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Twitter CEO Jack Dorsey Says Coinbase CEO's Apolitical Stance "Leaves People Behind"

Following the move by Coinbase to offer severance packages to staff who disagree with the ‘apolitical’ stance of the firm, Twitter’s CEO Jack Dorsey has slammed the move.

Steamboat Willie Enters Public Domain, Inspires NFT and Meme Coin Craze
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Steamboat Willie Enters Public Domain, Inspires NFT and Meme Coin Craze

The public domain's "Steamboat Willie" Mickey Mouse version has sparked the creation of popular NFTs and meme coins, marking a new era in digital art and copyright freedom.

Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round
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Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round

0x Labs, the blockchain startup that is in partnership with Nasdaq-listed Coinbase Exchange, has raised $70 million in a Series B funding round with Greylocks Partners at an undisclosed valuation.

Ripple to Cash In One-Third of its Stake in MoneyGram
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Ripple to Cash In One-Third of its Stake in MoneyGram

Leading blockchain payments company Ripple plans to sell a third of its stake in American money transfer firm MoneyGram.

MoneyTap Expands in Japan with Three New Bank Integrations
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MoneyTap Expands in Japan with Three New Bank Integrations

MoneyTap, the Ripple-based payment system, has expanded in Japan with three new local bank integrations through SBI Remit. This enables the banks to offer peer-to-peer remittance services to their customers via the MoneyTap mobile application, which features high-security measures.

Tether CTO Asserts $XAUT as the Digital Resurgence of the Gold Standard
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Tether CTO Asserts $XAUT as the Digital Resurgence of the Gold Standard

Paolo Ardoino, Tether's CTO, recently discussed the role of Tether Gold ($XAUT), Bitcoin, and gold in the evolving economic landscape.

Cardano's Goguen Rollout Could Directly Compete with Ethereum with its New Smart Contract Implementation
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Cardano's Goguen Rollout Could Directly Compete with Ethereum with its New Smart Contract Implementation

Cardano’s Goguen era, which marks the next period after Shelley, will be the era of implementing smart contracts and enabling decentralized applications (Dapps) on the network. The Goguen era is Cardano’s third development phase, which is expected to start in the third quarter of 2020 with the release of its testnet.

HashKey Group Secures $100 Million in Series A Funding
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HashKey Group Secures $100 Million in Series A Funding

HashKey Group raised $100 million in a Series A financing round, reaching a pre-money valuation of $1.2 billion. The Hong Kong-based company plans to use the funds to enhance its Web3 ecosystem and expand its Hong Kong business.

Ford Makes NFT Entry With Trademark Applications
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Ford Makes NFT Entry With Trademark Applications

American automobile giant Ford Motor Company is making a grand entry into the metaverse and Web3.0 ecosystem through its targeted trademark applications.

Bitcoin Price Will Hit $20,000 in 2020? Not Even Close Says Peter Schiff
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Bitcoin Price Will Hit $20,000 in 2020? Not Even Close Says Peter Schiff

Bitcoin has been having a good year and a very strong price showing since the Black Thursday stock market crash in March.

Cardano to Launch ERC-20 Converter and Cross-Chain Communication for Interoperability Between Networks Including Bitcoin
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Cardano to Launch ERC-20 Converter and Cross-Chain Communication for Interoperability Between Networks Including Bitcoin

Cardano founder and IOHK CEO Charles Hoskinson recently announced in his YouTube video that the current roadmap for the Shelley hard fork will be going according to plan, scheduled on July 29, 2020.

Morgan Stanley Becomes First US Bank to Offer Bitcoin Funds to Its Clients
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Morgan Stanley Becomes First US Bank to Offer Bitcoin Funds to Its Clients

Morgan Stanley is offering its clients access to Bitcoin (BTC) investments.

Here's Why Harvey's $80M Funding is a Game Changer in Legal AI
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Here's Why Harvey's $80M Funding is a Game Changer in Legal AI

Harvey raised $715 million in a $80 million Series B funding round, showcasing its advanced AI-powered workflow optimization technology.

Billionaire Ray Dalio believes that fiat is in jeopardy
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Billionaire Ray Dalio believes that fiat is in jeopardy

A Bitcoin admirer said the billionaire is close to "really understanding Bitcoin."

XRP Status Classified as Unclear,  Meanwhile Analysts Say XRP Price Could Jump to $0.30
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XRP Status Classified as Unclear, Meanwhile Analysts Say XRP Price Could Jump to $0.30

The US Commodities and Futures Trading Commission (CFTC) Chairman Heath Tarbert indicated in an interview that the status of XRP has been classified as unclear. He said, “It’s unclear. Stay tuned I’d say. Part of the issue is that our jurisdiction we share with the SEC (Securities and Exchange Commission). If it’s a security, it falls under their jurisdiction. If it’s a commodity, it falls under ours.”

KeyFi Announces Native Token Listing on ApeSwap DEX
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KeyFi Announces Native Token Listing on ApeSwap DEX

KeyFi, an AI-Powered DeFi aggregator platform backed by SelfKey Credentials, is listing its native token, KEYFI, on decentralized exchange ApeSwap.Finance.

US Treasury Department Concerns NFTs Crime of Money Laundering
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US Treasury Department Concerns NFTs Crime of Money Laundering

The growing popularity of digital artworks as highly valued non-fungible tokens (NFTs) is now a major financial red flag as the United States Treasury Department believes they could be a vital tool for money laundering.

Nigerian High Court Orders Binance to Comply with EFCC Data Request Amidst Money Laundering Concerns
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Nigerian High Court Orders Binance to Comply with EFCC Data Request Amidst Money Laundering Concerns

Binance must supply Nigerian user data to the EFCC as the Nigerian High Court cites money laundering risks, highlighting crypto's impact on the naira's stability.

Ethereum Co-Founder Vitalik Buterin Donates 50 ETH
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Ethereum Co-Founder Vitalik Buterin Donates 50 ETH

Vitalik Buterin donated crypto to Turkish disaster aid.

Chinese Authorities Crack Down on 54.8 Million USDT Money Laundering Scheme
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Chinese Authorities Crack Down on 54.8 Million USDT Money Laundering Scheme

Chinese authorities crack a major USDT-linked money laundering case, arresting 21 suspects and seizing over 1M yuan.

Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls
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Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls

Square has announced that it has successfully launched COPA to empower blockchain and crypto companies and to protect them from patent hoarding trolls.

Over 50% Crypto Investors Backup Security Keys by Paper Wallets, Threatening its Vulnerability
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Over 50% Crypto Investors Backup Security Keys by Paper Wallets, Threatening its Vulnerability

New research by Unstoppable Domains, Efani, and NGRAVE found that more than half of crypto investors at 54% store their security keys on a paper wallet amid intensified cyber attacks.

HashKey Exchange and Animoca Brands Unite to Boost Web3 in Asia
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HashKey Exchange and Animoca Brands Unite to Boost Web3 in Asia

HashKey Exchange partners with Animoca Brands to foster Web3 and digital entertainment in Asia, leveraging their strengths in virtual assets and blockchain gaming.

Following Market Crash, BoE Governor Says Crypto Has No Intrinsic Value
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Following Market Crash, BoE Governor Says Crypto Has No Intrinsic Value

Bank of England governor Andrew Bailey once again raised a warning on cryptocurrencies after the latest market slide, arguing that cryptocurrencies are not a practical means of payment, even though he considers blockchain technology undoubtedly important.

Russians Under Sanctions Using Crypto to Launder Money: Elliptic Report
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Russians Under Sanctions Using Crypto to Launder Money: Elliptic Report

Russians with strong social connections, who are under international sanctions for the invasion of Ukraine, have been using cryptocurrencies to launder their wealth, according to a report.

US Federal Court Defines Bitcoin As Money
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US Federal Court Defines Bitcoin As Money

A US Federal court has classified Bitcoin as a “money” under the Washington, D.C, Money Transmitters Act (MTA).

Stablecoin
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Stablecoin

What is stablecoin? In terms of what we measure the "stability". Understand stablecoin in different features. Central Bank Digital Currency (CBDC)

Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources
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Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources

Babel Finance has tapped restructuring specialist Houlihan Lokey to explore options for reworking its debt. The firm faces financial difficulties triggered by the current extreme market conditions.

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro
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ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro

Fabio Panetta, a member of the Executive Board of the ECB, stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in a digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency (CBDC).

New Zealand Eyeing the Possibility of Rolling Out a CBDC
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New Zealand Eyeing the Possibility of Rolling Out a CBDC

New Zealand is in the race of setting up a central bank digital currency (CBDC) because it sees it as a stepping stone towards attaining an efficient monetary policy tool.

Charles Hoskinson Introduces “Multisig Pledging” to Level the Playing Field for Small Cardano Stake Pools
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Charles Hoskinson Introduces “Multisig Pledging” to Level the Playing Field for Small Cardano Stake Pools

Charles Hoskinson recently revealed details about the current development state of Cardano’s different eras, including Shelley, Goguen, Basho and Voltaire.

Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams
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Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams

Chainalysis has announced partnered with Wyoming’s Division of Banking to fight cybercrime, crypto laundering, crypto scams, sanctions violations, and more.

UK FCA Regulator Proposes Mandatory AML Data Reports from Cryptocurrency Firms
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UK FCA Regulator Proposes Mandatory AML Data Reports from Cryptocurrency Firms

The United Kingdom’s Financial Conduct Authority (FCA) has proposed obligatory AML reporting requirements for crypto exchanges.

Honduras Imposes Crypto Trading Ban Amid Fraud and Laundering Concerns
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Honduras Imposes Crypto Trading Ban Amid Fraud and Laundering Concerns

Honduras' CNBS regulator bans cryptocurrency transactions within financial institutions due to fraud, money laundering, and regulatory inability to regulate multi-jurisdictional digital platforms amid global debate.

Crypto Mining Ponzis That Made $8.4M Face Charges.
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Crypto Mining Ponzis That Made $8.4M Face Charges.

December 14 saw the Southern District of New York's U.S. Attorney unseal the indictment. IcomTech and Forcount claimed daily profits that could quadruple investor investments in six months. Both corporations used later investors' money to compensate earlier investors while spending other monies on advertising, luxury goods, and real estate.

Digital Currencies and Tokenization Might be a Dominant Factor in the Future, says DBS CEO
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Digital Currencies and Tokenization Might be a Dominant Factor in the Future, says DBS CEO

Piyush Gupta, the CEO of Singaporean multinational banking corporation DBS, believes that the digital currencies and tokenization of assets is now a reality, which might be a dominant factor in the future.

Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines
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Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines

The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations.

Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance
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Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance

Following the Part 1 interview of the Financial Conduct Authority, Maha El Dimachki, Head of Payments of the FCA reveals some of her key initiatives in the FCA, including the significance of the second Payment Services Directive (PSD2) among the EU countries and the rationale of the Stronger Customer Authentication. As Co-Chair of Spectrum, the BAME Network Group at the FCA, El Dimachki also provided some advice for women in FinTech!

Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing
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Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing

Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss thinks that the US Federal Reserve’s economic stimulus strategy would positively impact Bitcoin and its pricing on the crypto market.

Dorsey's Block Sees Shares Close at More Than 8%, Marking 52-Week Low
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Dorsey's Block Sees Shares Close at More Than 8%, Marking 52-Week Low

Block shares closed down more than 8% as it marked a 52-week low on Wednesday.

$4B Co-founder Of OneCoin Fraud Pleads Guilty, Faces 60 Years In Prison
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$4B Co-founder Of OneCoin Fraud Pleads Guilty, Faces 60 Years In Prison

Karl Sebastian Greenwood, who was one of the co-founders of the fraudulent cryptocurrency scam OneCoin that included several billions of dollars, has entered a guilty plea to numerous counts brought up by the United States Department of Justice. The sentencing hearing for Greenwood is scheduled to take place in front of District Judge Edgardo Ramos on April 5, 2023. He may get a term of up to 60 years in prison at that time.

Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
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Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges

Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.

Qatari National Bank to Explore Cross-Border Payment Solutions With Ripple
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Qatari National Bank to Explore Cross-Border Payment Solutions With Ripple

The Qatari National Bank (QNB) is set to launch a cross-border payment solution, powered by blockchain payments firm Ripple Labs Inc.

Circle Plans to Cover USDC Shortfall After SVB Shutdown
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Circle Plans to Cover USDC Shortfall After SVB Shutdown

Circle, the issuer of the stablecoin USD Coin (USDC), has announced that it will use corporate resources to cover the shortfall on its reserves after Silicon Valley Bank (SVB) was shut down by the California Department of Financial Protection and Innovation. USDC liquidity operations will resume as normal when banks open on Monday, enabling redemption at 1:1 with the US dollar. The stablecoin lost its $1 peg on March 11, trading as low as $0.87, due to the disclosure of $3.3 billion of Circle's reserve held at SVB.

Midjourney V6 Alpha Unveils Major Enhancements: A Leap in AI-Driven Image Generation
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Midjourney V6 Alpha Unveils Major Enhancements: A Leap in AI-Driven Image Generation

Midjourney's V6 alpha update, a significant advancement in AI-driven image generation, offers enhanced prompt interpretation, smarter generation, remixing, improved upscaling, and additional image manipulation options. Despite mixed user reactions, the update's detailed, realistic outputs have garnered praise.

Cardano’s Shelley Hard Fork Has Crossed the Threshold of No Return, Plans for Goguen in October
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Cardano’s Shelley Hard Fork Has Crossed the Threshold of No Return, Plans for Goguen in October

Cardano’s Shelley hard fork has crossed the threshold of no return, where the system will automatically upgrade at the end of the current epoch, on July 29. IOHK CEO Charles Hoskinson announced in a live stream on YouTube: “The hard fork is a go, and we’re marching towards it. The Shelley era will begin on Wednesday.”

Mastering Aspect Ratios in Midjourney: A Comprehensive Guide to Enhancing Image Composition and Aesthetics
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Mastering Aspect Ratios in Midjourney: A Comprehensive Guide to Enhancing Image Composition and Aesthetics

Midjourney, an AI image generation tool, uses the aspect ratio parameter to control the width-to-height ratio of generated images. This ratio determines the image's shape and composition, impacting its aesthetic appeal and perceived size, affecting its overall presentation.

Caroline Ellison Of Alameda Avoids 110-Year Sentence With Plea Agreement.
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Caroline Ellison Of Alameda Avoids 110-Year Sentence With Plea Agreement.

The agreement limited Caroline Ellison's prosecution to criminal tax offenses. $250,000 bail would free her instantly. The FBI holds former FTX CEO Sam Bankman-Fried. He'll be sent to the Southern District of New York for court.

Taiwan's ACE Exchange Founder and Associates Face 20-Year Prison Sentences in Fraud and Money Laundering Case
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Taiwan's ACE Exchange Founder and Associates Face 20-Year Prison Sentences in Fraud and Money Laundering Case

Taiwan's prosecutors are recommending 20-year prison sentences for four suspects, including ACE Exchange founder David Pan, in a fraud and money laundering case involving the cryptocurrency trading platform. The case, which involved 32 individuals, resulted in over 1,200 victims and an estimated loss of 800 million New Taiwan dollars ($24.56 million).

Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto
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Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto

While agencies focus their attention on transparent Bitcoin transactions, banks have had an official free pass disclaimer to facilitate money laundering the entire time.

Turkish Government Announces Plans for National Blockchain Infrastructure
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Turkish Government Announces Plans for National Blockchain Infrastructure

The Ministry of Industry and Technology of the Turkish Government announced its plan for a national blockchain infrastructure used in public administration on Sept. 18 in Ankara.

Bitcoin of America indicted for operating unlicensed kiosks
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Bitcoin of America indicted for operating unlicensed kiosks

Bitcoin of America, a Bitcoin technology firm, along with three of its executives, has been indicted for allegedly operating more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm is facing charges of money laundering, conspiracy, and other crimes connected to the operation of the kiosks, which authorities believe have been operating and evading regulatory safeguards and financial compliance requirements since 2018.

Is The US Ready for CBDC? Most Americans Opposed to Digital Dollar Adoption, Survey Reveals
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Is The US Ready for CBDC? Most Americans Opposed to Digital Dollar Adoption, Survey Reveals

Most American citizens appear to be against a digital dollar adoption within the US, preferring paper money to CBDC, according to a study.

Blockchain: The Trust Alternative to the History of US National Credit?
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Blockchain: The Trust Alternative to the History of US National Credit?

A conscientious look over the last few centuries would reveal that the brief history of the United States is riddled with national credit defaults. In all these instances, the people and the businesses relying on the fiscal value agreements they had made with the Central credit agency found their trust hopelessly misplaced. How can blockchain be leveraged to break the cycle of U.S. National Credit Default?

HashKey Group Announces HashKey Chain
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HashKey Group Announces HashKey Chain

HashKey Group is set to expand its Web3 Ecosystem with the launch of HashKey Chain, a ZK-proof based Ethereum Layer-2 platform, leveraging its token HSK for ecosystem incentives.

Fintech Startup Monerium Seeks to Issue E-Money on Algorand Blockchain
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Fintech Startup Monerium Seeks to Issue E-Money on Algorand Blockchain

The role of e-money is on the rise and continues to challenge bank deposits and cash. The recent partnership between Fintech Firm Monerium and Algorand Blockchain company presents a whole picture of the relevance of e-money as a more convenient means of payments and financial transactions.

Binance Reportedly Faces Investigations from Top US Federal Agencies
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Binance Reportedly Faces Investigations from Top US Federal Agencies

The IRS and the DOJ are reportedly probing Binance over tax and money laundering offences.

BaFin Declines to Classify NFTs as Securities, Recommends Case-by-Case Approach
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BaFin Declines to Classify NFTs as Securities, Recommends Case-by-Case Approach

The Federal Financial Supervisory Authority of Germany (BaFin) has stated that it is not yet prepared to classify non-fungible tokens (NFTs) as securities. While NFTs may be considered investments in certain cases, BaFin suggests that classification should be approached on a case-by-case basis. The lack of immediate exchangeability and standardization makes it unlikely that NFTs will be classified as crypto assets. However, if an NFT contains documentation of exploitation rights or ownership, it could be considered an investment. BaFin does not expect NFTs to comply with the licensing requirements of the Payment Services Supervision Act or fall under its Anti-Money Laundering supervision, except for NFTs that are considered "crypto assets."

Binance Debunks Claims Exchange Aided Money Laundering
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Binance Debunks Claims Exchange Aided Money Laundering

Crypto exchange Binance denied all allegations of facilitating around $2.4 billion in illicit funds from world-acclaimed criminal organizations like Lazarus Group and Hydra.

AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud
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AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud

In the civil case filed against Jack Abramoff for his role in the 2018 Initial Coin Offering (ICO) scandal, the AML BitCoin lobbyist is expected to pay $55, 000 in disgorgement and interest for his conspiracy in fraud.

NFT Trading Volumes Plunge After Silicon Valley Bank Collapse
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NFT Trading Volumes Plunge After Silicon Valley Bank Collapse

NFT trading volumes dropped from $74 million to $36 million after the collapse of Silicon Valley Bank. Daily NFT sales count also fell by 27.9% between March 9 and March 11, and active NFT traders hit a low of 11,440 on March 11, the lowest recorded since November 2021.

87% of Merchants Believe Crypto Payments Enhancing Competitive Advantage: Deloitte Survey
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87% of Merchants Believe Crypto Payments Enhancing Competitive Advantage: Deloitte Survey

87% of merchants believe crypto payments will enable them to stay at the top of their game based on the competitive advantage rendered, according to a survey by big four audit firm Deloitte.

Twitter Says Bitcoin Hack Originated From Phone Phishing Attack
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Twitter Says Bitcoin Hack Originated From Phone Phishing Attack

On Thursday, Twitter provided an update addressing the massive Bitcoin hack that overtook its platform earlier this month.

Facebook CEO Mark Zuckerberg Endorses Bitcoin in a Subtle Way
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Facebook CEO Mark Zuckerberg Endorses Bitcoin in a Subtle Way

Facebook's Mark Zuckerberg named one of his goats after Bitcoin, causing some to speculate on whether the tech mogul holds a position with the cryptocurrency.

Blockchain Brings Monetary and Financial Freedom
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Blockchain Brings Monetary and Financial Freedom

We look at three key aspects (money form, money issuance, and the flow of money) of our monetary and financial system where the blockchain technology may have a major impact

California Man Pleads Guilty to Running Illegal Bitcoin ATMs and Money Laundering
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California Man Pleads Guilty to Running Illegal Bitcoin ATMs and Money Laundering

Kais Mohammad has agreed to plead guilty to federal charges of operating an illegal Bitcoin ATM business that laundered over $25 million.

US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations
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US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations

United States Senator Pat Toomey said he will take on digital currency regulation and payments reforms should he become the Senate Banking Committee’s next chairman.

Twitter CEO Jack Dorsey Apologizes for Bitcoin Hack, But Not Before Dutch Politician Was Compromised
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Twitter CEO Jack Dorsey Apologizes for Bitcoin Hack, But Not Before Dutch Politician Was Compromised

Twitter CEO Jack Dorsey came forward on Thursday to apologize thoroughly for his social network company’s failure to prohibit and shut down Bitcoin scam artists' digital heist of important verified accounts, that ranged from that of tech moguls Elon Musk and Bill Gates to political figure Joe Biden.

Block.one Settles with SEC to the Tune of $24 Million
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Block.one Settles with SEC to the Tune of $24 Million

Blacksburg startup Block.one has agreed to pay $24 million (HK$ 188 million) in fines to settle the allegations of unlawfully selling its ICO (initial coin offering) to US investors. The blockchain company had raised several billion dollars between 2017 and 2018 by selling its own digital currency.

Cardano Announces Shelley Mainnet Launch for a More Secure and Fully Decentralized Future Leading to the “Voltaire” Era
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Cardano Announces Shelley Mainnet Launch for a More Secure and Fully Decentralized Future Leading to the “Voltaire” Era

The blockchain engineering company behind Cardano, Input-Output (IOHK) announced in a blog post that the Shelley code was successfully implemented in Cardano’s mainnet. This announcement marks the biggest upgrade to the Cardano blockchain so far, with the deployment of the Shelley code confirmed to have been successfully released on the mainnet on June 30.

Financial Conduct Authority, the Pacemaker of the UK FinTech Revolution
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Financial Conduct Authority, the Pacemaker of the UK FinTech Revolution

We arranged an interview with Maha El Dimachki, Head of Payments of the FCA during Singapore FinTech Festival, which El Dimachki shares with us the contribution of the FCA for UK as the thriving FinTech hub, opportunities and threats of e-money firms from the current digital disruption.

El Salvador Seeks To Be The First Country To Legalize Bitcoin as Legal Tender
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El Salvador Seeks To Be The First Country To Legalize Bitcoin as Legal Tender

El Salvador President Nayib Bukele intends to introduce a bill that would make Bitcoin legal tender.

Bitcoin Entities in Profit Skyrocket to 94.3% as Open Interest Soars
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Bitcoin Entities in Profit Skyrocket to 94.3% as Open Interest Soars

As Bitcoin (BTC) briefly touched the $55K level, a fate last seen in May, profitability in this market scaled to new heights.

Mastercard Launches New Crypto Program for Start-ups
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Mastercard Launches New Crypto Program for Start-ups

Payment giant Mastercard announced Tuesday to kick off a new program for start-up companies to support the development in cryptocurrency and blockchain industries.

Cryptocurrencies’ Fixed Supply Will Hinder Their Functionality as Actual Currencies, says UBS Economist
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Cryptocurrencies’ Fixed Supply Will Hinder Their Functionality as Actual Currencies, says UBS Economist

Paul Donovan, chief economist at UBS Global Wealth Management, believes that cryptocurrencies are flawed as their supply cannot be slashed when demand flops.

Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector
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Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).

Bentley Announces its Debut into the Web3 World with NFT Collection
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Bentley Announces its Debut into the Web3 World with NFT Collection

Bentley Motors is moving into the Web3.0 ecosystem with a new NFT collection, saying that 208 is a lucky number for their company.

HashKey Group Partners with HKMA on Groundbreaking wCBDC Project
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HashKey Group Partners with HKMA on Groundbreaking wCBDC Project

HashKey Group collaborates with HKMA on a wCBDC initiative to revolutionize interbank settlements and tokenized asset management.

US Senators Urge FTC to Address AI-Enabled Scams Targeting Older Americans
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US Senators Urge FTC to Address AI-Enabled Scams Targeting Older Americans

US Senators have written to the FTC, urging action against AI scams targeting older Americans, emphasizing the need for detailed data tracking and effective countermeasures.

US Bank Failures Shock Regulators
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US Bank Failures Shock Regulators

The New York Department of Financial Services and the US Federal Reserve Board have published their internal reviews on the handling of Signature Bank and Silicon Valley Bank's failures. The string of bank failures, including Silvergate Bank's voluntary liquidation, has prompted regulators to re-evaluate their supervision.

Ripple Invests in MoneyGram Equity Honoring Commitment to Accelerate and Expand On-Demand Liquidity
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Ripple Invests in MoneyGram Equity Honoring Commitment to Accelerate and Expand On-Demand Liquidity

MoneyGram has announced that Ripple has made the final 20 million dollar investment in MoneyGram equity pursuant to the original $50 million equity investment commitment made earlier this year.

Russia Won't Follow in the Footsteps of China's Total Ban on Crypto Transactions: Russian Deputy FM
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Russia Won't Follow in the Footsteps of China's Total Ban on Crypto Transactions: Russian Deputy FM

The Russian government said it will not follow China's comprehensive ban on cryptocurrency and has no plans to prohibit investors from buying cryptocurrencies in the foreign exchange market.

Twitter CEO Jack Dorsey Expresses Passion for Bitcoin in Thread Justifying Twitter Ban of President Trump
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Twitter CEO Jack Dorsey Expresses Passion for Bitcoin in Thread Justifying Twitter Ban of President Trump

Twitter CEO Jack Dorsey explained Twitter’s decision to ban President Donald Trump following last week’s attack on the Capitol, expressing his passion for decentralized Bitcoin.

Blockchain Labs and HashKey Capital Launch Future3 Campus, a Web3.0 Innovation Incubator
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Blockchain Labs and HashKey Capital Launch Future3 Campus, a Web3.0 Innovation Incubator

Blockchain Labs and HashKey Capital have announced a joint initiative to establish Future3 Campus, a Web3.0 innovation incubator aimed at promoting the global Web3.0 ecosystem.

Kucoin Report: Turkey's Crypto Investor Base Grows by 12%
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Kucoin Report: Turkey's Crypto Investor Base Grows by 12%

KuCoin's 15th report on cryptocurrencies shows a 12% increase in Turkish adults investing in cryptocurrencies over the past 18 months, despite market conditions and a depreciating Turkish lira.

Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update
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Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update

Morgan Stanley believes that the shares of crypto-focused bank Silvergate bank are underrated and gives a fresh valuation of the stocks owned by Silvergate.

10% of Norwegian Adults Own Crypto, Double the Rate in 2018
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10% of Norwegian Adults Own Crypto, Double the Rate in 2018

Crypto ownership in Norway has been trending, because 10% of the adult population, representing 420,000 Norwegians, own cryptocurrencies, according to a study by Arcane Research and Ernst & Young (EY).

How to Use Uniswap: A Step by Step Guide
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How to Use Uniswap: A Step by Step Guide

Uniswap is one of the most popular decentralized exchanges, where no registration is needed. Here's our detailed guide on how to use it.

Switzerland's Canton of Zug Will Accept Bitcoin and Ethereum For Tax Payments From 2021
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Switzerland's Canton of Zug Will Accept Bitcoin and Ethereum For Tax Payments From 2021

The canton of Zug in Switzerland plans to start accepting taxes in cryptocurrencies from the beginning of next year.

Cardano Breaks Correlation with Bitcoin Price with Recent Partnership with Coinbase and Shelley Mainnet Launch
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Cardano Breaks Correlation with Bitcoin Price with Recent Partnership with Coinbase and Shelley Mainnet Launch

Cardano recently partnered with Coinbase Custody to allow ADA holders to stake and store their funds in a secure cold wallet. The launch is expected in Q4 of 2020, once the staking rewards on Cardano’s Shelley mainnet becomes available.

Bulgarian Authorities Accuse Four Persons After Nexo Office Raid
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Bulgarian Authorities Accuse Four Persons After Nexo Office Raid

The Sofia Nexo raid resulted in four charges. Nexo lets investors borrow and stake crypto. The UK, Bulgaria, and Switzerland-based corporation does not serve Bulgarians. Nexo announced its US service phaseout in December.

HashKey Exchange Becomes First Licensed Retail Crypto Trading Platform in Hong Kong
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HashKey Exchange Becomes First Licensed Retail Crypto Trading Platform in Hong Kong

Hong Kong, 3 August 2023 - HashKey Exchange has announced the official upgrade of its Type 1 and Type 7 licences, becoming the first licensed virtual asset exchange for retail users in Hong Kong.

Seychelles Crypto Exchange OKX to Expand Services to Australia
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Seychelles Crypto Exchange OKX to Expand Services to Australia

OKX, the Seychelles-based crypto exchange, plans to expand its services to Australia due to the country's strong uptake of cryptocurrency. The exchange sees Australia as an essential part of its growth strategy and intends to build a strong local office.

Ackman Urges US Government to Guarantee SVB Deposits
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Ackman Urges US Government to Guarantee SVB Deposits

Billionaire hedge fund manager Bill Ackman has warned the US government that failing to guarantee all deposits held by Silicon Valley Bank (SVB) within 48 hours could result in the destruction of several financial institutions. Ackman argued that a "giant sucking sound" would be heard from the withdrawal of substantially all uninsured deposits from all banks, which would lead to a drain on liquidity from community, regional, and other banks.

US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC
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US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC

A US court has imposed a $2.7 billion fine on Binance and a $150 million fine on Changpeng Zhao for violating the Commodity Exchange Act and CFTC regulations.

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
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Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.

Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data
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Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data

Algorand, the first pure proof-of-stake (POS) blockchain created by cryptography pioneer and Turing award winner Silvio Micali, has launched a global Coronavirus (Covid-19) survey. The company published a blog post on March 27 announcing its ‘IReportCovid’ survey app. The aim of the survey is to compile a public database to share information on the spread, status, and symptoms of the COVID-19 pandemic and give updates in “real-time.”

French Hill Challenges Warren's Anti-Money Laundering Act
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French Hill Challenges Warren's Anti-Money Laundering Act

U.S. Representative French Hill questions the efficacy of Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act, arguing it won't deter terrorist organizations from using cryptocurrencies. The act's broad regulatory scope, including miners and validators, sparks controversy.

Binance CEO Discusses Crypto Ecosystem with Turkish Officials
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Binance CEO Discusses Crypto Ecosystem with Turkish Officials

Binance Chief Executive Officer Changpeng Zhao had a meeting with Turkish officials where he discussed issues bothering the crypto ecosystem.

SEC Chair Gensler Open to Lawful Revival of FTX
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SEC Chair Gensler Open to Lawful Revival of FTX

SEC Chair Gary Gensler emphasizes regulatory standards as FTX considers legal and compliant return, following founder Sam Bankman-Fried's conviction, marking a pivotal moment in crypto regulation.

Former Ripple Partner MoneyGram Allows Customers to Sell and Purchase Cryptocurrency at 20,000 US Locations
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Former Ripple Partner MoneyGram Allows Customers to Sell and Purchase Cryptocurrency at 20,000 US Locations

MoneyGram has partnered with Coinme to let customers buy cryptocurrency and withdraw it from physical locations in the United States.

NFTs of Nobel Prize-winning inventions to be auctioned by UC Berkeley
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NFTs of Nobel Prize-winning inventions to be auctioned by UC Berkeley

UC Berkeley will sell data for immunotherapy and gene editing from the Nobel Prize winners to non-fungible tokens (NFT) next week.

Jim Cramer Says it is Still Not Too Late to Invest in Bitcoin as BTC Price Surges Toward $20,000
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Jim Cramer Says it is Still Not Too Late to Invest in Bitcoin as BTC Price Surges Toward $20,000

In his Twitter post On Nov. 24, Cramer stated that he thinks that it is not too late to invest in Bitcoin, despite the crypto rallying to new highs.

Robin AI and Harvey's Funding Surge Signals Legal AI Boom
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Robin AI and Harvey's Funding Surge Signals Legal AI Boom

Robin AI and Harvey AI have raised $26M and $80M respectively, indicating a strong growth phase in the legal AI sector.

China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies
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China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies

Chinese authorities have dismantled a $2.2 billion underground banking network that used cryptocurrencies to bypass financial controls, seizing $28,000 worth of digital currencies.

Polygon Selected for Joining Disney's Accelerator Program
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Polygon Selected for Joining Disney's Accelerator Program

Polygon becomes the only blockchain selected for Disney's 2022 accelerator program, which will help the development of the web 3 fields.

Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement
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Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement

Brad Garlinghouse, Ripple CEO, believes most governments consider blockchain technology a game-changer as it solves frictions like transparency and settlement that were a headache in yesteryears.

Japanese Challenger Bank Kyash Raises $41m from Jack Dorsey’s Block and Others
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Japanese Challenger Bank Kyash Raises $41m from Jack Dorsey’s Block and Others

Kyash will use the fresh financing to employ more staff and seek further collaborations.

Wiki Finance Expo Sydney 2023 Is Coming Soon!
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Wiki Finance Expo Sydney 2023 Is Coming Soon!

The Wiki Finance Expo, Sydney 2023, is Australia's largest fintech event, attracting over 3,000 attendees from various sectors. Supported by 200 institutions, media, and companies, it promotes regulatory security of cryptocurrencies and FX at the Fullerton Hotel Sydney.

Pahdo Labs Secures $15M Series A Funding led by a16z
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Pahdo Labs Secures $15M Series A Funding led by a16z

New York-based game development studio Pahdo Labs has raised $15M in a Series A financing round, with participation from Pear VC, BoxGroup, Long Journey Ventures, Neo, and Global Founders Capital. The company, founded in 2021, focuses on creating multiplayer video games and is launching its upcoming project, "Halcyon Zero," in September. The game, built on the Godot Engine, combines anime aesthetics and action role-playing, allowing players to craft their own worlds.

Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here.
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Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here.

A Platform for Worldwide Leaders to Discuss the Latest Web3 and Blockchain Trends

Why is the Bitcoin Price Correlation with the Stock Market Currently High?
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Why is the Bitcoin Price Correlation with the Stock Market Currently High?

Unlimited Quantitative Easing has had the most significant impact on the stock and crypto market, meaning both markets have a strong correlation with monetary policy.

Hackers Launder $27 Million in Stolen Ethereum From North Korean
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Hackers Launder $27 Million in Stolen Ethereum From North Korean

North Korean exploiters laundering June 2022 Harmony Bridge assault funding.

KuCoin and Founders Charged with Bank Secrecy Act and Money Transmission Offenses
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KuCoin and Founders Charged with Bank Secrecy Act and Money Transmission Offenses

KuCoin, along with its founders Chun Gan and Ke Tang, has been charged with violating the Bank Secrecy Act and operating an unlicensed money transmission business, allegedly allowing its platform to be used for money laundering and terrorist financing.

MoneyBox Raises £35m with Plans to Launch ‘Crypto-Investing’
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MoneyBox Raises £35m with Plans to Launch ‘Crypto-Investing’

MoneyBox is getting ready to launch its crypto trading service later this year. The firm has announced a $35 million seed funding round to help it accelerate the plan.

Cardano’s Stake Pools Reached 700 Just Five Days after Successful Shelley Hard Fork
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Cardano’s Stake Pools Reached 700 Just Five Days after Successful Shelley Hard Fork

Cardano’s Shelley hard fork was successfully launched on July 29, and within 8 hours, 267 stake pools have already registered. The Shelley hard fork took Cardano’s network into its second phase of development, succeeding the Byron era. The Shelley update enables Cardano to become more decentralized and autonomous.

UK Consumers Need Better Education on BNPL & Crypto Payments: Research
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UK Consumers Need Better Education on BNPL & Crypto Payments: Research

ECOMMPAY said that UK consumers need more education on how to use BNPL and cryptocurrency payments safely.

Bitcoin Miner Iris Energy Signs Share Purchase Agreement with B. Riley
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Bitcoin Miner Iris Energy Signs Share Purchase Agreement with B. Riley

The issuance of new shares is meant to help Iris Energy strengthen its capital base to support its Bitcoin mining operations amid the market downturn.

Damus, a decentralized social network teased an upcoming feature
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Damus, a decentralized social network teased an upcoming feature

One community member called the feature the future of monetization.

MetaMask Developer ConsenSys Responds to European Banking Authority's Consultation on Anti-Money Laundering Measures
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MetaMask Developer ConsenSys Responds to European Banking Authority's Consultation on Anti-Money Laundering Measures

The European Banking Authority (EBA) has closed its public consultation on revising guidelines for money laundering and terrorist financing risk factors, extending the scope to include crypto-asset service providers (CASPs). ConsenSys, MetaMask's development lead, defended the EBA's approach, stating self-hosted wallets should not be considered a risk factor and praised the EBA's recognition of blockchain analytics' role in risk mitigation.

Square Establishing Bitcoin Hardware Wallet, Confirmed by CEO Jack Dorsey
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Square Establishing Bitcoin Hardware Wallet, Confirmed by CEO Jack Dorsey

Digital payment company Square is building an "assisted custodial" bitcoin hardware wallet, confirmed by founder and CEO Jack Dorsey and head of hardware Jesse Dorogusker.

‘Rich Dad, Poor Dad’ Author Kiyosaki Praises Bitcoin, and Says “Bitcoin is In, Real Estate & Gold are Out”
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‘Rich Dad, Poor Dad’ Author Kiyosaki Praises Bitcoin, and Says “Bitcoin is In, Real Estate & Gold are Out”

In a talk radio segment, New York Bestseller Robert Kiyosaki and crypto investor Anthony Pompliano discussed the growth of Bitcoin (BTC) and the major role the cryptocurrency will play in the future.

UK Authorities Make Record-Breaking Crypto Seizure Worth Approximately $250 Million
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UK Authorities Make Record-Breaking Crypto Seizure Worth Approximately $250 Million

UK Police have seized a cryptocurrencies crime worth nearly £180million, approximately $250 million. A 39-year-old woman was released on bail after under arrested.

U.S. Intensifies Sanctions on Hamas, Targeting Crypto Assets
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U.S. Intensifies Sanctions on Hamas, Targeting Crypto Assets

The U.S. Treasury has imposed sanctions on Hamas, a Palestinian terrorist group, following their attack on Israel, focusing on their use of cryptocurrency assets. The sanctions include sanctions on officials, a Gaza-based crypto exchange, and individuals involved in Hamas' financial operations.

Crypto Traders See Safe Haven in a Brokerage Newcomer in Turkey
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Crypto Traders See Safe Haven in a Brokerage Newcomer in Turkey

Istanbul-based BtcTurk has established a securities brokerage, offering its millions of clients new options to satisfy their trading itch.

Bitcoin Bull Peter McCormack Slams Bank of England Andrew Bailey’s Narratives About Bitcoin
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Bitcoin Bull Peter McCormack Slams Bank of England Andrew Bailey’s Narratives About Bitcoin

Bitcoin bull Peter McCormack has slammed the narratives of Andrew Bailey, the Governor of the Bank of England (BOE) regarding Bitcoin and cryptocurrencies.

Block's Cash App Bitcoin Revenue Falls 7%
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Block's Cash App Bitcoin Revenue Falls 7%

Jack Dorsey's Block Inc. reported a 7% reduction in Bitcoin sales in Q4, with its Cash App producing $25 million of BTC gross profit, down 25% YoY.

Coinbase CEO Criticizes Anti-Crypto Stance of American Politicians
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Coinbase CEO Criticizes Anti-Crypto Stance of American Politicians

Coinbase CEO Brian Armstrong warns that anti-crypto politicians may face strategic disadvantages in 2024 elections due to growing crypto adoption and the proposed Digital Asset Anti-Money Laundering Act's impact.

RippleNet Expands Access to Cross-Border Payments in the Asian Market with Thai FinTech Partnership
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RippleNet Expands Access to Cross-Border Payments in the Asian Market with Thai FinTech Partnership

Thailand-based fintech company DeeMoney has joined RippleNet to process more efficient money transfers with competitive rates and low fees for all of Asia.

Hong Kong's Market Regulator Elected as new FCA Chair
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Hong Kong's Market Regulator Elected as new FCA Chair

With PM Boris Johnson expected to leave after a new leader is elected, the UK’s Financial Conduct Authority (FCA) has appointed Ashley Alder as its new Chair, commencing his term in January 2023.

Co-Founder of AirBit Club Sentenced to 12 Years for Cryptocurrency Ponzi Scheme
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Co-Founder of AirBit Club Sentenced to 12 Years for Cryptocurrency Ponzi Scheme

Pablo Renato Rodriguez, co-founder of AirBit Club, has been sentenced to 12 years in prison for orchestrating a global cryptocurrency pyramid scheme. Co-defendants await sentencing, and the group has been ordered to forfeit approximately $100 million in assets.

OpenSea: A Glimpse into January 2024's NFT Landscape
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OpenSea: A Glimpse into January 2024's NFT Landscape

OpenSea's January 2024 digest reveals exciting NFT trends, including Dmitri Cherniak's 'Ringers' sculpture, Disney's 'Steamboat Willie' entering the NFT space, and The Fabricant's AI-driven digital fashion collection. These developments showcase the growing intersection of art, technology, and digital ownership in the NFT marketplace.

Spanish Authorities Arrest Bitzlato Exchange Executives for Money Laundering
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Spanish Authorities Arrest Bitzlato Exchange Executives for Money Laundering

On Jan. 18, 2023, police enforcement closed Bitzlato.

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency
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China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the personal legal property left by she/he.” Personal legal property in this case also means “internet property” including virtual currencies. Chinese citizens will be able to leave their cryptocurrency and virtual assets to their heirs, coming into effect on January 1, 2021.

Square Becomes Block a Week after Dorsey's Exit as Twitter CEO
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Square Becomes Block a Week after Dorsey's Exit as Twitter CEO

Square Inc, originally a credit card-reader business, renames itself as Block Inc as it plans to broaden its services towards blockchain, music and cash transfers.

Crypto Adoption Among Women on the Rise
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Crypto Adoption Among Women on the Rise

A new poll suggests crypto is recruiting women. According to eToro's e-Survey of 10,000+ crypto investors, women's ownership climbed from 29% to 34% in Q4 2022.

Hong Kong Security Chief Vows to Hunt Down JPEX Crypto Scam Ringleaders
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Hong Kong Security Chief Vows to Hunt Down JPEX Crypto Scam Ringleaders

Hong Kong authorities are intensifying efforts to apprehend the key operators behind JPEX, a cryptocurrency platform implicated in the city's largest alleged financial fraud. The police have arrested 15 individuals and seized assets worth HK$85 million ($10.8 million). Financial Secretary Paul Chan Mo-po emphasized the need for a proper regulatory framework for Web3-related businesses.

The Central Bank of the Republic of Turkey Plans to Launch CBDC in 2023
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The Central Bank of the Republic of Turkey Plans to Launch CBDC in 2023

The Turkish government has submitted the President’s annual plan, which included discussions on the launch of CBDC. The administration plans to launch its country’s CBDC by next year.

Lesley O'Neill was Appointed as Binance.US Chief Compliance Officer
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Lesley O'Neill was Appointed as Binance.US Chief Compliance Officer

Lesley O’Neill's appointment as Binance.US Chief Compliance Officer marks a strategic response to heightened SEC scrutiny, emphasizing the crypto industry's shift towards compliance and regulatory adherence.

NY Fed New Rules Cast Uncertainty on Circle's Access to Reverse-Repurchase Program
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NY Fed New Rules Cast Uncertainty on Circle's Access to Reverse-Repurchase Program

The New York Federal Reserve has updated its rules for reverse repurchase agreements (RRP), potentially hindering Circle's access to the Fed's reverse-repurchase program. The Circle Reserve Fund is a money market fund only available to Circle and could be deemed ineligible under the Fed's updated guidelines.

US Government Removes Cryptocurrency AML Provisions from NDAA
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US Government Removes Cryptocurrency AML Provisions from NDAA

The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.

The Old World. What is going on with Digital Assets in Europe?
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The Old World. What is going on with Digital Assets in Europe?

Europe is an enormous market of more than half a billion people. As small amounts up to 8 million euros may be raised without registration of the offering, it is a very attractive market for international projects looking to reach new investors for their security token offering.

MoneyGram CEO Sees Stablecoin As Future of Payments as Service Needs Grow
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MoneyGram CEO Sees Stablecoin As Future of Payments as Service Needs Grow

Stablecoins provide low-cost and easily accessible digital payments across international borders.

EU Proposes Cap on Anonymous Crypto Transfers
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EU Proposes Cap on Anonymous Crypto Transfers

The European Union is proposing a 1,000 euro cap on anonymous crypto transfers to combat money laundering and terrorist financing. The limit would apply to transfers when a customer cannot be identified, and the proposal also caps cash transactions at 7,000 euros. The Anti-Money Laundering and Countering the Financing of Terrorism package is expected to be confirmed in April.

Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement
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Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement

Warren wants the SEC to "double down" on crypto enforcement. The U.S. senator said that the previous SEC administration "basically gave the green light" to a cryptocurrency market "full with trash tokens".

ADA Price Surges Over 100% As Cardano Goguen Update Set For March
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ADA Price Surges Over 100% As Cardano Goguen Update Set For March

The ADA price surged by over 100% this week and with Cardano’s Goguen update and functional smart contract integration set for March, ADA’s price rally looks far from over

Disney's new CEO Bob Iger and crypto
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Disney's new CEO Bob Iger and crypto

Bob Iger has announced a surprise return to his former role as CEO of Disney. The Disney executive became known in the crypto community after becoming a director, adviser and investor in Genies. He will reportedly work with the board to set the strategic direction for the company and work to develop a successor.

EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets
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EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets

The EBA is requesting input on draft guidelines for liquidity stress tests for crypto assets, aiming to improve market resilience and comply with data protection regulations until February 8, 2024.

Binance Responds to U.S. Senators Letter, Excludes Financial Data
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Binance Responds to U.S. Senators Letter, Excludes Financial Data

Binance has responded to a letter from U.S. Senators sent earlier this month requesting information about the crypto exchange’s operations in the country, including its balance sheet. Despite omitting financial data from the letter, Binance reportedly sent the information to U.S. regulators. In the 14-page document, Binance's chief strategy officer, Patrick Hillman, addressed the exchange's compliance history and recognized previous mistakes while claiming the firm has built solid Know Your Customer and Anti-Money Laundering policies in recent years. However, the response failed to address the senators’ concerns about Binance’s lack of transparency.

EY Unveils AI Platform EY.ai After a US$1.4 Billion Investment
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EY Unveils AI Platform EY.ai After a US$1.4 Billion Investment

EY has launched EY.ai, a platform integrating artificial intelligence (AI) into businesses. The 18-month development process and $1.4 billion investment have enabled the integration of AI into EY Fabric, a proprietary EY technology used by 60,000 clients and 1.5 million unique users. EY.ai will also introduce tailored AI learning programs for its workforce. The platform will be anchored by AI-powered tools and services, including the EY.ai Confidence Index and EY.ai Value Accelerator.

Ernst & Young’s Blockchain Technology to Create NFTs for Award-Winning Italian Film
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Ernst & Young’s Blockchain Technology to Create NFTs for Award-Winning Italian Film

Big-four accounting and auditing firm Ernst & Young’s blockchain-as-a-service dubbed EY OpsChain will create NFTs for the award-winning Italian film La Leggenda Di Kaspar Hauser.

Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report
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Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report

The Q3 2023 Global Web3 Security Report, jointly initiated by Beosin and SUSS NiFT, reveals a concerning escalation in the Web3 security landscape. The report shows that losses from hacks, phishing scams, and rug pulls reached $889.26M in Q3 2023, exceeding the combined losses of the first two quarters. The report also highlights the increasing threat posed by North Korea's Lazarus group.

Richard Teng Signals Unchanged Core Values at Binance Amid Leadership Transition
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Richard Teng Signals Unchanged Core Values at Binance Amid Leadership Transition

Richard Teng, Binance's new CEO, prioritizes user protection and appeal amid leadership changes following Changpeng Zhao's resignation and $4.3 billion legal settlement for anti-money laundering violations.

Naspers and Prosus Undergo Key Leadership Transition
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Naspers and Prosus Undergo Key Leadership Transition

Prosus and Naspers Limited have announced a change in executive leadership, with Bob van Dijk stepping down as CEO and Board member. Ervin Tu will take over as Interim CEO. Van Dijk's tenure has seen significant growth and strategic expansion for Prosus, solidifying its position as a leading global consumer internet entity.

New York Attorney General Recovers $1.7 Million from CoinEx for Operating Illegally
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New York Attorney General Recovers $1.7 Million from CoinEx for Operating Illegally

New York Attorney General Letitia James has successfully recovered over $1.7 million from CoinEx (COINEX) following a lawsuit against the cryptocurrency platform. CoinEx was found to be operating without the necessary registration as a securities and commodities broker-dealer and falsely representing itself as a crypto exchange.

United States DoJ Files to Freeze Assets of OneCoin Money Launderer and Recoup $400 Million
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United States DoJ Files to Freeze Assets of OneCoin Money Launderer and Recoup $400 Million

The United States Department of Justice has filed to freeze the assets of OneCoin Money Launderer Mark Scott, and Recoup $400 Million.

Overnight collapse of two traditional banks triggers chaos
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Overnight collapse of two traditional banks triggers chaos

The collapse of Silicon Valley Bank and Signature Bank caused major chaos, resulting in stablecoins depegging from the U.S. dollar. The federal government has taken action to protect depositors, and President Joe Biden has vowed to hold those responsible accountable.

Former British Politician Godfrey Bloom Announces First Bitcoin Purchase
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Former British Politician Godfrey Bloom Announces First Bitcoin Purchase

Godfrey Bloom, the former British Member of Parliament, has revealed that he is making his first purchase of Bitcoin.

Jay-Z and Jack Dorsey to Fund Bitcoin Development in Africa and India with $24.5M
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Jay-Z and Jack Dorsey to Fund Bitcoin Development in Africa and India with $24.5M

To enable the penetration and adoption of Bitcoin on African and Indian soils, Jay-Z and Jack Dorsey are to give away $24.5 million in BTC.

China Revamps AML Law, Targets Crypto Crimes
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China Revamps AML Law, Targets Crypto Crimes

China is set to implement significant revisions to its Anti-Money Laundering Law by 2025, marking the first major overhaul since 2007. The amendments focus on including cryptocurrency transactions to combat rising crypto-related money laundering crimes.

FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services
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FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services

The FDIC has asked banks interested in acquiring failed U.S. lenders, Silicon Valley Bank and Signature Bank, to submit bids by March 17. The authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms. The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank. This news comes amid concerns expressed by U.S. Representative Tom Emmer that the federal government is “weaponizing” issues around the banking industry to go after crypto.

Sean Patrick Maloney's OECD Role Amidst Crypto Advisory Background
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Sean Patrick Maloney's OECD Role Amidst Crypto Advisory Background

Sean Patrick Maloney, after serving in the U.S. House and on Coinbase's Advisory Council, faces scrutiny over potential conflicts in his OECD ambassador role, signaling a pivotal moment for crypto regulation.

At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study
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At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study

Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions.

Square Announces Its Purchase of 4,709 Bitcoins for $50 Million
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Square Announces Its Purchase of 4,709 Bitcoins for $50 Million

Square, with Jack Dorsey as the CEO, announces it has purchased 4,709 bitcoins for $50 million.