Singapore regulators work together with traditional banks to develop uniform standards for screening potential customers from the crypto industry. The collaboration has been ongoing for the last six months. According to a Bloomberg report from Apr. 6, the Monetary Authority of Singapore (MAS) has been working alongside the police forces to help local banks optimize their procedures for opening accounts…
Month: April 2023
Jane Street, Tower Research and Radix are Binance’s ‘VIP’ clients in CFTC suit: Report
Trading firms Jane Street Group, Tower Research Capital and Radix Trading have been reportedly identified as Binance’s three “VIP” clients that were cited anonymously in the recent lawsuit filed against Binance by the United States commodities regulator. According to an April 5 Bloomberg report citing “people familiar with the matter,” Radix Trading is “Trading Firm A” as described in the…
the Bitcoin Film Festival in Warsaw
The bear market might rage on, but that won’t stop the Bitcoin (BTC) shooters, creators and filmmakers from producing new content. Hosted in the capital of Poland, Warsaw, the first edition of the Bitcoin Film Festival took place in March. The Bitcoin Film Festival brought together Bitcoin advocates and film lovers from across the globe to sit through some of…
Names of non-US FTX users demanded by mainstream media outlets
Some mainstream media outlets have objected to attempts to withhold the identities of non-United States customers of cryptocurrency exchange FTX during its bankruptcy proceedings. In an April 4 filing to a Delaware Bankruptcy Court, media outlets Bloomberg, The Financial Times, The New York Times, and its parent firm the Dow Jones & Company jointly objected to the names of the…
Every Modern Copy of macOS Contains a Copy of Bitcoin’s White Paper – Bitcoin News
On April 5, 2023, the independent blogger Andy Baio published a post on his Waxy Blog that explained every version of macOS from Mojave 10.14.0 to the current version hosts a copy of Satoshi Nakamoto’s seminal Bitcoin white paper. Mac users can type a simple command in the terminal, and all nine pages describing Nakamoto’s invention will appear in a…
OpenAI faces Canadian privacy probe alleging personal info harvesting
OpenAI, the creators of artificial intelligence (AI) chatbot ChatGPT, is under investigation by Canada’s privacy commissioner for alleged collection and use of personal information without consent. On April 4, The Office of the Privacy Commissioner of Canada (OPC) stated its investigation was brought about following a complaint from an unidentified person. Head Privacy Commissioner Philippe Dufresne said his office is…
Arbitrum poses new governance proposals after community furor
The Arbitrum Foundation has released a raft of new improvement proposals following the fracas that ensued after its first failed attempt at governance. On April 5, Ethereum layer-2 solutions provider Arbitrum posted new Arbitrum Improvement Proposals (AIPs) for the governance of the network. The new proposals include AIP-1.1, which covers a smart contract lockup schedule, spending, budget, and transparency. The…
Indian Government Answers Questions About Crypto Legalization, Fraud Prevention – Regulation Bitcoin News
The Indian government has responded to parliamentary questions about the legalization of cryptocurrency and the steps it has taken to prevent crypto-related fraud. “Crypto assets are currently unregulated in India. Frauds relating to crypto are dealt with under extant laws against fraud and cybercrime,” the Minister of State for the Ministry of Finance told parliament. Indian Ministry of Finance on…
Coinbase supports new court action to remove Tornado Cash ban
The United States Treasury faces a renewed legal challenge that aims to overturn the decision to sanction the crypto mixer Tornado Cash from six individuals backed by cryptocurrency exchange Coinbase. A motion for a partial summary judgment was filed on April 5 in a Texas District Court, the Coinbase-backed plaintiffs moved for the U.S. Office of Foreign Asset Control (OFAC)…
OpenSea collector fat fingers a 100 ETH bid for a free NFT
A nonfungible token (NFT) trader has seemingly fat-fingered a trade for a free NFT, buying it for 100 Ether (ETH), currently valued at $191,239, representing a 250,000% increase on the floor price of 0.04 ETH. The token was part of NFT marketplace OpenSea’s Gemesis NFT collection — free NFTs intended to commemorate the launch of OpenSea Pro on April 4.…