After the U.S. Justice Department on Wednesday announced that cryptocurrency exchange BitMEX pled guilty to violating the Bank Secrecy Act (BSA) between 2015 and 2020, the company said it will seek expedited sentencing—arguing that it should not face any further fines than those already imposed in a prior case. “The BSA charge is old news,” BitMEX said in a prepared…
Venture capital firm Hypersphere has announced the launch of its new liquid fund, Atlas, managing over $130 million in assets. Atlas aims to capitalize on the inefficiencies in the young crypto markets through a diverse range of trading strategies. Hypersphere’s New Atlas Fund Aims to Target Optimized Crypto Returns The Atlas fund, which began quietly […] Source: https://news.bitcoin.com/vc-firm-hypersphere-reveals-130-million-atlas-liquid-fund/
Coinbase’s new Wallet app will allow users to connect any self-custodial wallet for an aggregated view of assets. Source: https://cointelegraph.com/news/coinbase-unified-onchain-monitoring-new-wallet-app?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports One of Joe Biden’s most prominent pro-crypto backers in Washington switched course on the president’s struggling re-election effort Wednesday, shifting within days from firmly backing Biden’s…
83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022. Source: https://cointelegraph.com/news/bitcoin-traders-under-pressure-after-deepest-correction-since-2022-erases-profits?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation. Source: https://cointelegraph.com/news/bitmex-guilty-bank-secrecy-act-justice-dept?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In a recent examination, the […] Source: https://news.bitcoin.com/federal-reserve-fines-citigroup-60-6-million-for-ongoing-risk-management-deficiencies/
OpenAI is partnering with historic research facility New Mexico-based Los Alamos National Laboratory to study the use of artificial intelligence in bioscience research, the company announced on Wednesday. According to OpenAI, the White House’s Executive Order on AI safety tasks the U.S. Department of Energy’s labs, which includes Los Alamos, with evaluating the capabilities of “frontier” AI models across disciplines…
Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market Pullback a Gift for Investors, Claims Bitwise CIO Bitcoin’s recent market pullback presents a unique opportunity for long-term investors, says Matt […] Source: https://news.bitcoin.com/bitwise-cio-predicts-bitcoin-surge-to-100000-despite-current-price-dip/
About 1,800 people were laid off, however the company plans on hiring about the same number of replacements. Source: https://cointelegraph.com/news/intuit-lays-off-10-focus-on-ai-artificial-intelligence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
