Variant Fund chief legal officer Jake Chervinsky says geofencing is an extreme measure to ensure compliance with US law. Source: https://cointelegraph.com/news/crypto-founders-geofencing-as-compliance-strategy-crypto-lawyer?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Binance Confirms Access Restrictions on Sanctioned Russian Users
Crypto exchange Binance says it is complying with international sanctions by denying sanctioned Russian individuals and entities access to its platform. “Compliance remains our top priority. We are deeply committed to our users and maintaining their trust in our platform. We constantly invest in our teams and systems to protect our users,” Binance claimed. Binance […] Source: https://news.bitcoin.com/binance-confirms-access-restrictions-on-sanctioned-russian-users/
CleanSpark still to restore 165MW in aftermath of Hurricane Helene
The massive category 4 hurricane has killed at least 137 people, and many more are still missing — while millions of homes and businesses remain without power. Source: https://cointelegraph.com/news/cleanspark-restore-bitcoin-hashrate-lost-hurricane-helene?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC wins case against defunct crypto firm over $18M ICO
A US federal judge found Rivetz and its CEO Steven Sprague sold unregistered securities when it offered an Ethereum-based token in 2017. Source: https://cointelegraph.com/news/sec-win-judgment-rivetz-case-18-million-crypto-ico?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UK’s anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled […] Source: https://news.bitcoin.com/fca-secures-first-conviction-for-illegal-crypto-atm-operation-in-uk/
Restaking is growing like crazy… but it could crash and burn
Users are flocking to yield farm restaking protocols, but poor risk management and due diligence is a ticking time bomb. Source: https://cointelegraph.com/news/restaking-growing-crazy-crash-and-burn?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance Founder CZ Reflects on Release — Plans to Focus on Blockchain, AI, Biotech
Former Binance CEO Changpeng Zhao (CZ) has shared a personal update, reflecting on his recent experiences and future aspirations. He emphasized his intention to focus on various projects related to education, blockchain, artificial intelligence (AI), and biotechnology. Zhao expressed confidence that future opportunities will exceed those of the past. CZ Shares Vision Following Prison Release […] Source: https://news.bitcoin.com/binance-founder-cz-reflects-on-release-plans-to-focus-on-blockchain-ai-biotech/
Diamond Hand Moo Deng Millionaire Still Hodling Despite Rapidly Declining Price
Moo Deng (Moodeng), the latest meme coin sensation based on Thailand’s pygmy hippo star of the same name, has begun its rapid descent. Yet, big-time token holders are still hoping for a rebound. After reaching a market capitalization peak of $322.7 million on Sept. 28, Moodeng has fallen 50% to $0.18 in just three days, clocking a 26% drop in…
UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings
Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies like currency hedging and diversifying into other currencies and assets like […] Source: https://news.bitcoin.com/ubs-warns-of-further-us-dollar-decline-advises-investors-to-reduce-usd-holdings/
Elon Musk-Themed Telegram Game ‘X Empire’ Ends Mining Phase Ahead of Airdrop
Just days after breakout Telegram crypto game Hamster Kombat launched its HMSTR token, another prominent Telegram game has ended its gameplay phase ahead of its own impending token launch and airdrop to players. X Empire, the Elon Musk-themed game that has you tap to earn in-game coins and then invest in various upgrades for Musk and his businesses, concluded its…