SEC charges siblings over $60M Ponzi touting a crypto trading bot
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
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Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards
Binance’s peer-to-peer (P2P) cryptocurrency exchange in Russia has continued facilitating transactions through sanctioned banks like Rosbank after denying relationships with “any banks.”On Aug. 23, multiple local news sources reported that Binance P2P has renamed some of its troubled payment options for withdrawals and deposits, namely the sanctioned Russian banks like Tinkoff and Rosbank.The P2P exchange…
Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards
Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards. On Aug. 4, four U.S. congressional representatives wrote to the Internal Revenue Service (IRS) asking the tax authority not to overtax rewards from Proof-of-Stake blockchains. Explaining the difference in energy consumption between PoS and Proof-of-Work…
Google gets in on Ethereum Merge excitement with nifty easter egg
The new feature has been added with just days left until the long-awaited Ethereum Merge. 303 Total views 39 Total shares As a sign of support for the upcoming Ethereum Merge, tech juggernaut Google is marking the time left until the upgrade with a new countdown timer. Typing any variation of "Ethereum Merge" or "The Merge"…
Meta’s new ‘Voicebox’ AI is a text-to-speech tool that learns like ChatGPT
Meta AI recently unveiled a “breakthrough” text-to-speech (TTS) generator it claims produces results up to 20 times faster than state-of-the-art artificial intelligence models with comparable performance. The new system, dubbed Voicebox, eschews traditional TTS architecture in favor of a model more akin to OpenAI’s ChatGPT or Google’s Bard.Among the main differences between Voicebox and similar TTS…
Japan: Finance Giant SBI Makes New Investment in LastRoots Crypto Exchange, Will Aid License Acquisition
Japanese financial services giant SBI Holdings announced in a press release Monday, August 20, that it had made a second investment in troubled cryptocurrency exchange LastRoots. SBI, which last month opened its own cryptocurrency exchange after gaining regulatory licensing, without disclosing the amount of the investment, which follows its initial cash injection in December 2017.…
SEC Cryptocurrency Approach ‘Measured,’ Chairman Clayton Tells Senate
United States regulators believe they have adopted a “measured yet proactive approach” to cryptocurrency regulation which aids both retail and institutional investors.That was the formal view of Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), who updated lawmakers on official policy on Dec. 10.Clayton: SEC fosters innovationSpeaking in testimony before the Senate…
‘Massive’ crypto use cases to surface by 2030 — Coinbase exec
Coinbase launched Base, its new blockchain, in late July, and it has already become a major player among Ethereum-based layer-2 chains. On Sept. 21, for instance, the chain notched some 677,000 transactions, with 870,163 “new addresses seen,” according to Etherscan. By comparison, Arbitrum, a prominent layer 2 that launched in June 2021, had 925,000 transactions and 54,233
Major Donations Are Coming From Crypto Industry to Fight COVID-19
All over the world, doctors, nurses and medical resources are strained as the fight against the coronavirus continues. In response, many charitable organizations and philanthropists from various industries have come forward to offer their support. In the cryptocurrency industry, companies such as BitMEX, Binance and the Stellar Foundation have been making headlines week after week for…