Canadian law enforcement has started using specialized software to trace crypto while investigating cybercrimes. Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited. As revealed by the local policeman to the Lethbridge Herald newspaper, the police forces are already enjoying access to Chainalysis Reactor software. The program helps to trace cryptocurrency…
The rise of artificial intelligence (AI) has been subject to growing concerns over identity verification tools at cryptocurrency exchanges. With rapidly evolving AI technology, the process of creating deepfake proofs of identity is becoming easier than ever. The concerns about AI-enabled risks in crypto have triggered some prominent industry executives to speak out on the matter. Changpeng Zhao, CEO and…
The Federal Reserve on Tuesday issued a statement announcing incoming guidance for chartered banks dealing with dollar-pegged stablecoins. In particular, the Fed is looking to monitor the transaction validation process such as “timing and finality of settlement of transactions, potential irreversibility of transactions, and the central authority of transaction records.” Blacklisting addresses and reversible transactions are already quite common among…
Meme coins Shiba Inu (SHIB) and PepeCoin (PEPE) led the market’s gain since yesterday as Bitcoin (BTC) briefly breached $30,000. Meme coins are tokens inspired by internet memes or have become popular within online communities. SHIB gained 9.8% overnight, while PEPE recorded 12.7% according to CoinGecko data. On Tuesday, Bitcoin reached a new monthly peak of $30,126, however, it subsequently…
Bitcoin (BTC) consolidated at a key flip zone on Aug. 9 as BTC price strength staged a sudden return. BTC/USD 1-hour chart. Source: TradingView BTC price toys with $29,700 “party” level Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $29,800 after a surge during the previous day’s Wall Street trading hours. That followed a recovery from local…
Cryptocurrency exchange Bitstamp has announced its decision to “permanently” suspend trading for several altcoins for its U.S.-based users, effective from August 29, 2023. The assets that will be affected by the suspension include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR Protocol (NEAR), The Sandbox (SAND), and Solana (SOL). Established in 2011 and currently headquartered in Luxembourg, Bitstamp…
Nvidia, one of the world’s leading developers of semiconductor chips, revealed its latest chip on Aug. 7 which is designed to power high-level artificial intelligence (AI) systems. The company said its next-generation GH200 Grace Hopper Superchip, is one of the first to be equipped with a HBM3e processor and is designed to process “ the world’s most complex generative AI…
Within the report, Coinbase noted that 19% of New York residents who participated in a study own cryptocurrencies. In addition, a study commissioned by Coinbase also showed that 1 in 3 New York residents agree that crypto makes the financial system fairer and described it as a “worthwhile investment for the future.” Bitcoin ATMs in Manhattan, New York City. Source:…
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds. Source: https://cointelegraph.com/wp-content/plugins/ccx/index.php/news/ftx-law-firm-fenwick-west-faces-class-lawsuit
The CEO of the crypto exchange Bitsonic, who was under investigation for stealing investments and deposits, was arrested by South Korean police. The Vice President of Bitsonic would also be put on trial, but without preliminary detention. As reported by South Korean news outlet Chosun Biz, on August 7 local prosecutors arrested Jinwook Shin, who’s being accused of forgery. According…
