Binance UK Suspends New User Registrations As FCA Clamps Down
Binance UK said it blocked new users from its exchange so that it remain compliant with new rules governing how it communicates with local investors. Go to Source
Nishad Singh Found An $8 Billion Hole In FTX Accounts, Still Approved Transactions Using Customer Deposits
Former FTX executive Nishad Singh said yesterday that he found an $8 billion hole in the cyrptocurrency exchange’s accounts in September last year but continued Go to Source
Ethereum layer 2 zkEVM ‘Scroll’ confirms mainnet launch
Blockchain data from Etherscan suggest Scroll’s mainnet was live over a week ago. Scroll, a new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space that works to scale the…
Europe’s AML regulations come at a high cost — for your privacy and otherwise
The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high. The European Union’s financial regulatory landscape is in flux with…
Binance.US asks users to convert USD into stablecoins for withdrawals
Binance.US users “may convert” their U.S. dollar holdings to stablecoins or other digital assets to withdraw the funds from their accounts, the firm said. Cryptocurrency exchange Binance.US has updated its…
Russian telecoms giant MTS announces ads service targeting Telegram users
Telegram denies that it has entered any advertising-related agreements with Russian companies. Russia’s largest telecommunications firm, MTS, claims it will launch an advertising service targeting Russian Telegram users, but the…
Google requests dismissal of AI data scraping class-action suit
Google argued in its motion to dismiss the claims that using publicly available information shared on the internet is not “stealing,” as claimed. Big Tech player Google is seeking to…
Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting
Ohio Representative Jim Jordan, the Republican Party’s nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold…
South Korean regulator outlines steps to enhance digital asset legislation
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said. South Korea’s Financial Supervisory Service (FSS)…
US expands export controls for AI semiconductor chips to China
The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others. The United States Department of Commerce’s Bureau of…
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated. Federal Reserve Board governor Michelle Bowman shared her views on financial innovation…
Baidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’
The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images, and video. Baidu, one of China’s largest technology companies, released version 4.0 of its popular…
Nishad Singh says there is ’a lot’ he doesn’t remember about FTX in 2022 — SBF trial
Sam Bankman-Fried’s defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16. Lawyers representing former FTX CEO Sam “SBF” Sam Bankman-Fried conducted their…
BTC price models hint at $130K target after 2024 Bitcoin halving
Bitcoin is due to double its current all-time high price within two years of the April 2024 halving, the models suggest. Bitcoin (BTC) is destined to hit $128,000 or more…
Ethereum or Bitcoin: Which one is a better investment in 2023?
Although digital assets are volatile, some virtual currencies appeal to investors, as they are considered relatively safe investments because they have shown their ability to recover from hard periods. Also,…