Tag: ai_powered
Mystery Shrouds US Transfer of $2 Billion in Seized Bitcoins
The U.S. government has triggered a wave of speculation by transferring nearly $2 billion worth of Bitcoin (BTC) to a new address. The transferred funds are believed to be linked to the now-defunct illegal marketplace Silk Road, which was shut down by fed...
Cryptocurrency Giant Binance Takes Stance Against Russia in Ukraine Charity Drive
Binance, the world’s leading cryptocurrency exchange, has signaled a shift in its stance on the Ukraine conflict by explicitly referring to “Russia’s invasion” in a recent announcement for a charity event. This marks a notable departure from the company’s...
Ethereum ETF Launch: Strategic Delay or Stalling Tactic?
Bitwise Asset Management, a company with a pending application for a spot Ethereum exchange-traded fund (ETF), is urging the US Securities and Exchange Commission (SEC) to postpone its approval decision until December. This unexpected request has raised e...
Hong Kong Crypto Exchange Application Stalled by US Lawsuit
Hong Kong’s burgeoning cryptocurrency landscape hit a snag this week after HKVAEX, a platform reportedly affiliated with KuCoin, withdrew its application for a virtual asset trading license. This move comes on the heels of a lawsuit filed against HKVAEX b...
Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange
The United States and United Kingdom are reportedly investigating a significant volume of cryptocurrency transactions linked to a sanctioned Russian exchange. According to sources familiar with the matter, authorities are scrutinizing roughly $20 billion...
U.S. Compliance Takes Center Stage at OKX Following Industry Jitters
The cryptocurrency exchange OKX has reportedly undergone a significant internal shift, prioritizing its US-based compliance department above all other operational units, according to industry journalists. This move comes amidst growing regulatory scrutiny...
Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo
A recent court decision has delivered a mixed verdict for cryptocurrency exchange Coinbase in its ongoing legal battle with the Securities and Exchange Commission (SEC). The crux of the dispute centers around whether certain Coinbase offerings qualify as...
HSBC Streamlines Gold Investment for Hong Kong Residents with Tokenized Product
Hong Kong residents looking to invest in gold can now do so through a more convenient and accessible method thanks to HSBC’s launch of a tokenized gold product. This innovative initiative, a first-of-its-kind for retail investors in the region according t...
Hong Kong Seen Granting Mainland Investors Access to Crypto via ETFs
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), is expected to approve a structure for Bitcoin exchange-traded funds (ETFs) that could lure mainland Chinese investors into the cryptocurrency market, according to a Bloomberg I...
Musk’s Legal Bid Against Watchdog Thwarted
Elon Musk’s attempt to silence a watchdog organization known for its research into online hate speech backfired in a California courtroom yesterday. The judge presiding over the case dismissed Musk’s lawsuit entirely, siding with the research group, which...
Spot Bitcoin ETF Outflows Grab Investor Attention
The cryptocurrency market’s spotlight has shifted dramatically towards the movement of money in spot Bitcoin exchange-traded funds (ETFs), pushing traditional market fundamentals aside, according to a recent report by Coinbase. This shift comes on the hee...
Steer Clear: Common Pitfalls to Avoid When Entering the Bitcoin Market
Bitcoin, the trailblazer of cryptocurrencies, continues to capture headlines with its volatile price swings and potential for disruption. However, for the uninitiated, venturing into the world of Bitcoin can be fraught with risk. Here, we explore seven cr...
Apple Faces Mounting Antitrust Scrutiny After DOJ Lawsuit
Apple faces an intensifying global antitrust challenge after the U.S. Department of Justice (DOJ) filed a lawsuit accusing the tech giant of stifling competition through its control of the iPhone ecosystem. This lawsuit adds to a growing chorus of interna...
Tragedy in Treble: Authorities Nab Suspects After Deadly Concert Hall Assault
A horrific attack on a Moscow concert hall has left the nation reeling. Officials report at least 133 fatalities after gunmen stormed the Crocus City Hall venue on Friday evening. In a swift response, authorities have apprehended eleven individuals, inclu...
Patch It Up: Indian Authorities Urge Chrome Users to Update Browser
Indian cybersecurity officials are urging Google Chrome users to take immediate action and update their web browsers to the latest version. The Indian Computer Emergency Response Team (CERT-In) issued a high-severity warning on March 20, 2024, highlightin...