Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation. Source: https://cointelegraph.com/news/crypto-industry-policy-white-house-roundtable?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action […] Source: https://news.bitcoin.com/federal-reserve-cites-significant-deficiencies-in-customers-bancorps-aml-compliance/
Algoz Partners with Zodia for Safer Crypto Management
Algoz, a prominent crypto asset manager based in Raanana, Israel, has announced a strategic partnership with Zodia Custody, a cryptocurrency custodian service backed by Standard Chartered, SBI Holdings, Northern Trust (NASDAQ:NTRS), and National Australia Bank. This collaboration is aimed at enhancing the security and compliance of Algoz’s digital asset investment vehicles, offering a safer and more efficient way to manage…
Ethereum Can’t Keep Up With Bitcoin Or Solana: What’s Going On?
Even after Ethereum’s celebrated arrival on Wall Street, the price of ETH has failed to keep in step with rival cryptocurrencies this cycle. As the crypto market nosedived on Sunday, the ETH-to-BTC conversion ratio tapped a yearly low of 0.041, according to TradingView. Although digital assets—including ETH—have posted a solid recovery since then, the ratio remains at 0.043 at writing…
Robinhood CEO Responds to SEC Scrutiny Over Crypto Business
Robinhood Markets Inc. (NASDAQ:HOOD) is currently navigating increased scrutiny from the U.S. Securities and Exchange Commission regarding its cryptocurrency operations. CEO Vlad Tenev revealed that the company has responded to a Wells notice issued by the SEC in May, signaling that an enforcement action could be forthcoming. This development comes as Robinhood continues to expand its business beyond traditional retail…
OpenAI claims GPT-4o poses ‘medium risk’ of political persuasion
On the bright side, the company says there’s little risk it’ll become sentient and begin updating itself. Source: https://cointelegraph.com/news/open-ai-claims-gpt-4o-poses-medium-risk-political-persuasion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Fed Orders Crypto-Friendly Bank to Tighten Risk Controls
Customers Bank, a financial institution known for its crypto-friendly stance, has recently been ordered by the U.S. Federal Reserve to tighten its risk management practices, specifically concerning its digital asset clients. This move comes as part of a broader effort by regulators to ensure that banks engaged with the cryptocurrency sector adhere to strict anti-money laundering and compliance standards. Customers…
Researchers identify key circuit layer vulnerabilities in SNARK systems
A study by Imperial College London examined 141 vulnerabilities in SNARK systems, mostly impacting system soundness and completeness. Source: https://cointelegraph.com/news/researchers-identify-key-circuit-layer-vulnerabilities-snark-systems?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
JPMorgan Remains Cautious on Bitcoin Market Outlook
JPMorgan Chase & Co. (NYSE:JPM) has maintained a cautious stance on the Bitcoin market outlook, despite the recent volatility in digital assets. The banking giant believes that the positive catalysts that could drive Bitcoin (BTC) and broader cryptocurrency markets higher have largely been factored into current prices. This cautious perspective comes after Bitcoin experienced its most significant selloff since the…
1Password patches flaw in Mac version that could have created attack vector
The flaw consisted of missing inter-process validations, which could have allowed an attacker to hijack the 1Password browser extension or command line interface. Source: https://cointelegraph.com/news/1password-patches-flaw-mac-version-attack-vector?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound