Senator Elizabeth Warren recently voiced concerns about the potential dangers of regulating stablecoins without proper anti-money laundering laws in place. She emphasized the need for stringent regulations to protect consumers and the stability of the banking system. Warren’s letter to the House Financial Services Committee highlighted the risks associated with creating new regulatory frameworks for
Blockchain
Sapien AI, an artificial intelligence firm, recently secured $5 million in a seed funding round, with key investors such as Primitive Ventures, Animoca Ventures, Ravikant Capital, and Yield Guild Games showing support for the company’s mission. The funding will be utilized to enhance Sapien’s scalable annotation services, specifically focusing on training AI models through its
Recently, South Korean regulators have taken a firm stance against traders attempting to dump stolen coins on crypto exchanges. This move comes after a suspected hack on the NFPrompt platform, which led to a South Korean trader purchasing NFP coins from a hacker and selling them on the Coinone exchange. Regulators, including the Financial Supervisory
Senator Tim Scott recently stated that cryptocurrencies are being used as a scapegoat by the federal government to address concerns about illicit finance. During a crypto hearing held by the United States Senate Committee on Banking, Housing, and Urban Affairs, Scott expressed his views on how digital assets are being unfairly targeted. Deputy Secretary of
1inch, a decentralized exchange aggregator, has recently introduced an innovative crypto debit card in collaboration with Mastercard and Baanx. This cutting-edge card is designed to allow crypto enthusiasts to seamlessly make online and in-person purchases, bridging the gap between traditional finance and decentralized finance (DeFi). The 1inch Crypto Card offers users the convenience of cash
In the heart of Manhattan, a trial that has been highly anticipated has finally begun. Avraham Eisenberg, a crypto criminal accused of stealing around $110 million from Mango Markets using their cryptocurrency MNGO, is facing a legal battle as the jury selection kicks off in a federal court. Prosecutors claim that Eisenberg engaged in commodities
South Korean tax officials in the city of Pohang have intensified their efforts to seize cryptoassets from residents who have failed to pay local taxes. This decision is part of a national crackdown on tax evaders in the country. The move comes after tax officials managed to seize almost $29 million in coins and fiat
Russian fintech firms have recently started participating in the country’s digital ruble pilot program, indicating a significant advancement in Russia’s Central Bank’s CBDC project. Companies like SimbirSoft and Sinara Lab have been selected to assist the Central Bank and its banking partners in implementing digital ruble software products into their online and mobile banking applications.
In a recent announcement on April 4, Binance revealed its decision to suspend Bitcoin Ordinals trades and deposits starting from April 18, 2024. The exchange also urged Bitcoin-based NFT holders to withdraw their assets from the NFT marketplace before May 18, 2024. Although Binance did not provide a specific reason for this suspension, it mentioned
The recent delay in the arraignment of two Binance executives by Nigerian authorities has raised significant questions about the legal process and the actions of the government in this case. The postponement until April 19 comes amidst allegations of money laundering and operating a crypto exchange without proper licensing. The fact that one of the