The Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury has recently commended the popular crypto exchange Coinbase for its significant role in aiding major criminal investigations. Through a letter addressed to Coinbase CEO Brian Armstrong, FinCEN highlighted how the exchange has assisted law enforcement efforts through its compliance and reporting practices.
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The European Securities and Markets Authority (ESMA) recently issued a warning about the high level of concentration in the crypto markets. The agency expressed concerns that the crypto ecosystem is vulnerable to disruptions due to this concentration. ESMA’s findings revealed that a small number of assets, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), make
The viral trend surrounding ANSEMWIF, a spin-off coin inspired by influencer Ansem, has taken the crypto market by storm. Despite its explosive growth, with a price increase of +2,950% in the first 5 hours, it is crucial to acknowledge the inherent risks associated with meme coins such as ANSEMWIF. The current market price of $0.0003
Ethena Labs, the creators of USDe, have taken a significant step in scaling USDe’s supply by incorporating Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. The decision to include BTC as a backing asset was strategically important as it aimed to leverage BTC’s superior liquidity and scalability for delta hedging, ultimately providing a more
Singapore’s Payments Service Act (PSA) underwent significant amendments by the Monetary Authority of Singapore (MAS) to strengthen its jurisdiction and amplify user protection within the cryptocurrency industry. These changes reflect Singapore’s dedication to establishing itself as a crypto-friendly hub that prioritizes investor security alongside fostering innovation. Expansion of Digital Payment Token Services MAS integrated three
The recent report by blockchain security firm PeckShield for March 2024 has highlighted a worrying trend in the cryptocurrency industry. Despite an overall improvement in investor sentiment, the report indicates that there has been a significant increase in crypto hacks, resulting in losses amounting to approximately $187.29 million. One of the most shocking incidents mentioned
In the wake of the October 7th attacks on Israel, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have intensified their efforts to crack down on entities associated with terrorism financing through cryptocurrency. This crackdown has led to the imposition of fresh sanctions on two
The landscape of artificial intelligence (AI) is rapidly evolving, with generative AI models becoming more prevalent. However, the so-called “open” models touted by various vendors are far from being truly open. While some vendors provide access to model weights, documentation, or tests, the training data sets remain shrouded in opacity. This lack of transparency poses
CFTC Commissioner Caroline Pham recently expressed concerns about her agency’s charges against KuCoin, suggesting that they may infringe on the duties of the SEC. Pham acknowledged the enforcement action taken by the Division of Enforcement as aggressive, but raised questions about the interpretation of the allegations. Specifically, she pointed out that the complaint implies that
Discover the safety of cryptocurrency for beginners as we debunk myths and provide valuable tips. Stay informed and make smart investment decisions!