UK gov’t calls for action on AI copyright, market competition
The U.K. government is under pressure to increase AI oversight following a House of Lords report highlighting the need for stricter regulations for AI standards.
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North Korea’s ‘Bureau 121’ Has an Army of 6000 Hackers
The U.S. Army has revealed that North Korea has a number of divisions dedicated to cryptocurrency and related cybercrimes. A report unveiled by the U.S. Army reveals that North Korea now has more than 6,000 hackers stationed in countries such as Belarus, China, India, Malaysia, Russia, among others.The operations of four sub divisions are overseen…
Politicians urge Biden to bring back Binance exec from Nigeria
The U.S. politicians have accused Nigeria’s government of charging Gambaryan, a Binance compliance officer and former federal agent, with “baseless” crimes.
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Novice traders are usually drawn to futures and options markets due to the promise of high returns. These novice traders watch influencers post incredible gains and at the same time multiple advertisements from derivatives exchanges that offer 100x leverage are at times irresistible for most. Although traders can effectively increase gains by recurring derivatives contracts, a…
SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26
A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport. 345 Total views 13 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTFormer FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till…
Yield Protocol to permanently ‘wind down’ operations by December 2023
Unfavorable crypto regulations in the United States, Europe and the United Kingdom was one of the factors for Yield Protocol’s untimely shutdown. 246 Total views 1 Total shares Decentralized finance (DeFi) lending protocol Yield Protocol announced its decision to shut down by the end of the year due to a lack of business demand and
Scale of OneCoin Scam Unravels Amid Ongoing Court Hearings
With each passing day, the financial nitty-gritty associated with the cryptocurrency-related OneCoin Ponzi scheme continues to become of increasing interest to members of the global crypto community. The U.S. government’s previous estimate of the scam that raked in a total of $4 billion seems to be well off the mark, as the figure could be more…
Singapore to introduce uniform screening standards for crypto bank accounts
Potential guidelines reportedly won’t have a binding force over banks, which can rely on their own risk assessment. 1031 Total views 10 Total shares Own this piece of history Collect this article as an NFTSingapore regulators are working with traditional banks to develop uniform standards for screening potential customers from the crypto industry. The collaboration…
Singapore: Crypto Exchange DragonEx Reports Hack of Both Platform, User Assets
Singapore-based cryptocurrency exchange DragonEx has notified its users that it suffered a hack, according to an official announcement on the platform’s Telegram Channel on March 25.The incident— described as “attacks from hackers” that resulted in the transfer and theft of both “users’ [...] and Platform crypto assets,” reportedly occurred on March 24, and was immediately…