20% of Binance’s new hires this year will be in compliance, says CEO
The company aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments.
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EY Exec: Most Ethereum Decentralized Apps Not Used Productively
83% of decentralized applications (DApps) on the Ethereum network are “not in the most productive uses,” according to Ernst & Young’s (EY) head of innovation.Paul Brody, Global Innovation Leader for blockchain at Big Four audit firm EY, spoke about developments in the blockchain and digital asset industries during a Fintech Forum hosted by the United…
Sam Bankman-Fried wants ‘close friends’ to visit without a security pat down
Under bail conditions, only Sam Bankman-Fried’s lawyers are exempt from security checks, now they've asked if this can be extended to “close friends." 73 Total views 1 Total shares Former FTX CEO Sam Bankman-Fried wants to be able to have his “close friends” visit him at his parent's home without them being subject to security…
Allegedly Fraudulent Crypto Exchange Shut Down by UK High Court
The UK Insolvency Service claimed that GPay is nothing but a “scam” after conducting confidential inquiries. 1323 Total views 17 Total shares The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd.According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange…
Grassroots initiatives are bringing Bitcoin education to communities across America
Bitcoin is becoming one of the biggest buzzwords in the world. Data from a July 2021 survey conducted by analysis firm Exploding Topics found that roughly 1,700 American adults, or 89% of participants, had heard of Bitcoin. A recent survey from the cryptocurrency platform Paxful also found that 95% of women out of 1,555 females…
Memecoin ‘retail mania’ could go the way of ICOs and NFTs, say execs
Memecoins are a great way to attract people to crypto, but the jury’s out on whether they’ll maintain their current momentum.
Bitcoin Starts Strongest Quarter Q2 With Price Down Just 10% YTD
Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion.That was according to the latest quarterly price data from monitoring resource Skew.com on March 31, which showed that for Q1 2020, BTC/USD is only down by around 10.7%. Bitcoin streets ahead of…
Bitcoin enters 'a new era' as whales scoop up over 47K BTC during price pullback
Bitcoin whales have added over $2.9 billion worth of BTC, which helped it recover above the $60,000 mark, but can Bitcoin price close the week above $60,000?
Japan: 13 Banks Invest in SBI’s Ripple-Powered Blockchain Payment App
Blockchain payment app MoneyTap, co-developed by Ripple and Japanese financial services giant SBI Holdings, has received investments from 13 local banks, according to an SBI press release published on March 28.In the announcement, SBI Holdings informs that Kiraboshi Bank, Shinsei Bank and Hokuriku Bank, along with ten other local financial institutions, have joined their project…