BlockFi partners with Coinbase for fund distribution amid shutdown
The plan administrator will continue to use Coinbase for upcoming distribution rounds, potentially involving recovered funds from FTX.
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Computer science experts say US should create new fed agency for AI: Survey
According to the 213 computer science professors surveyed, AI might not be as big of a displacer as the C-suite claims. 368 Total views 3 Total shares A plurality of experts believe the United States should create a new federal agency dedicated to artificial intelligence (AI) governance, according to a survey conducted by Axios, Generation

Bitcoin’s current setup creates an interesting risk-reward situation for bulls
The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement.Bitcoin/USD 12-hour price at Kraken. Source: TradingViewFor those unfamiliar with technical analysis, a…

AML Bitcoin creator convicted of wire fraud, money laundering
With the pending conclusion of the criminal case, the SEC could now move forward with civil litigation after a judge signed off on staying the lawsuit in January 2021. The founder of a cryptocurrency exchange whose namesake was tied to Anti-Money Laundering (AML) was found guilty of wire fraud and money laundering in a California

Coinbase asks appeals court to rule crypto trades aren’t securities
Coinbase wants the Second Circuit Appeals Court to address whether crypto transactions are investment contracts, calling the matter of “immense importance to the crypto industry.”

Hong Kong Unveils New Rules for Cryptocurrency Exchanges
Today, Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — has published a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges. The initial announcement, reported by Reuters, was made by Chief Executive Ashley Alder at a local fintech event on Nov. 6. Regulatory clarity for crypto exchangesThe new requirements detail how…

Today’s Cryptocurrency Trusts and Hedge Funds Amid Financial Crisis
On July 22, 2020, the United States Office of the Comptroller of the Currency published a letter clarifying that national banks and federal savings associations can indeed take custody of cryptocurrency assets. In the letter, Bitcoin was also acknowledged as “the first widely-adopted cryptocurrency.” On the same date, VISA, one of the largest payment companies with…

Binance Global Law Enforcement Training Program is official after year of activities
The cryptocurrency exchange has been holding workshops for law enforcement worldwide since hiring a prominent IRS cybercrime investigator to head its anticrime unit. 83 Total views 1 Total shares Binance announced the existence of its Global Law Enforcement Training Program in a blogpost on Sept. 27. The creation of the program could be considered retroactive,…

Ethereum ETFs would’ve ‘done better’ if launched in January: Bitstamp exec
Bitstamp’s Bobby Zagotta said Ether ETFs came at a “burdened moment” for risk assets but was optimistic things would pick up at the end of the year.