Money

XRP has been making significant strides in the cryptocurrency market recently, with a remarkable recovery that has seen gains of over 40% in the past week. This surge in price has been driven by a broader market recovery, demonstrating strong investor confidence and heightened trading activity. According to on-chain analytic platform Santiment, trader sentiment has
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Cardano, once considered one of the largest cryptocurrencies in the market, has been facing significant challenges in recent months. This is evident from the substantial drop in its market cap, plummeting from over $90 billion in 2021 to a mere $15.9 billion as of Wednesday. The number of monthly developer commits has also dwindled, showcasing
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Decentralized Autonomous Organizations (DAOs) have garnered significant attention as innovative blockchain-based communities designed to achieve common goals. However, the UK Law Commission’s scoping paper raises critical questions about the legal characterization of DAOs within the country. The Commission’s central thesis revolves around the lack of consensus on what exactly constitutes a DAO and how it
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Railgun, a popular crypto privacy protocol, recently made headlines for successfully foiling Inferno Drainer’s latest attempt to launder stolen funds. The anti-money laundering tracking system, MistTrack on X, intercepted an effort to launder over 174 ETH, valued at approximately $533,000. This led the perpetrators to return the stolen funds to their original wallet’s address. Inferno
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The recent news of Artur Schaback, co-founder and former CTO of Paxful, pleading guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program has sent shockwaves through the fintech industry. The US Department of Justice’s revelation that Schaback neglected to collect necessary KYC information of customers who traded on
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The recent developments at Paxful Inc. have shocked the cryptocurrency community, as co-founder and former CTO Artur Schaback pleaded guilty to conspiracy charges related to failing to maintain an effective anti-money laundering (AML) program. According to the Department of Justice, Schaback’s negligence turned Paxful into a hub for money laundering, sanctions violations, fraud, romance scams,
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