Binance.US, the American arm of Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). The recent decision by the Court to allow the SEC’s case against Binance.US to proceed signals that the exchange is in for a tough legal fight. US District Judge Amy Berman
Safety
The co-founder of Cardano, Charles Hoskinson, recently expressed his belief that artificial intelligence (AI) models are losing their utility over time. According to him, the reason for this decline is the alignment training that comes with AI censorship. This practice involves using machine learning algorithms to automatically filter content that is deemed objectionable, harmful, or
When it comes to traveling with cryptocurrency, one of the most important aspects to consider is the security of your digital wallet. There are several time-tested strategies that can help ensure the safety of your funds while on the move. Another crucial factor to keep in mind when accessing your crypto accounts while traveling is
In the midst of significant turbulence in the cryptocurrency market, investors have started gravitating towards Bitcoin as a safe haven amidst chaos. Recently, Bitcoin’s dominance has reached a nine-week high of 57%, showcasing a clear preference for the leading digital asset. Altcoins, on the other hand, have suffered from a massive sell-off, losing significant market
The recent integration of BloFin Exchange with the Chainalysis blockchain data platform signifies a major milestone in the world of cryptocurrency trading. This development is not only aimed at bolstering the exchange’s security measures but also at enhancing its compliance capabilities. By implementing the Chainalysis crypto risk solution, BloFin can now monitor cryptocurrency transactions in
In a shocking incident in Hong Kong, four men abducted a 55-year-old crypto investor from Tai Lau Leng Village in the Sheung Shui district. The victim, along with her husband, was in a car when the suspects stopped them and attacked the husband with a stun gun. The woman was taken away in a seven-seater
The recent exclusive report by The Wall Street Journal shed light on some troubling allegations surrounding Binance, the world’s largest crypto exchange. The report revealed that the head of Binance’s market surveillance team was fired after raising concerns about potential market manipulation by a high-profile client. This client, DWF Labs, was said to have engaged
In response to reports of state actors using Tether’s USDT tokens to bypass US sanctions, the stablecoin issuer has taken a firm stance on regulatory compliance. Tether has vowed to freeze any addresses linked to sanctioned entities, aligning with the Office of Foreign Assets Control (OFAC) SDN list. This proactive approach reflects Tether’s dedication to
Recent discussions between House leaders and Senate Majority Leader Chuck Schumer have sparked speculation about potential action on stablecoin legislation in the upcoming sessions. The House Financial Services Chair Patrick McHenry and ranking member Maxine Waters have engaged in talks with Schumer, highlighting the need for regulatory clarity in the field of financial technology. Reports
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.