US Attorney behind Sam Bankman-Fried case will resign on Dec. 13
Deputy US Attorney Edward Y. Kim will serve as the acting head for the Southern District of New York until the Senate confirms one of Donald Trump’s nominees.
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KuCoin recovered 84% of stolen crypto after $280M hack, says co-founder
KuCoin has resumed full services for 176 out of the total 230 tradable assets to date. 3127 Total views 19 Total shares KuCoin cryptocurrency exchange has recovered the majority of funds lost in a $280 million hacking incident in September, a senior executive has said.Johnny Lyu, co-founder and CEO of KuCoin, announced on Nov. 11…
Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
Cryptocurrency exchanges in Canada will be legally required to register with the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) as of June 1, 2020, according to a notice published on July 10.This requirement will come into effect along with other amendments to Canada’s new anti-money-laundering (AML) laws next year.Crypto exchanges will also reportedly…
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple wants to put an AI in your pocket Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers…
EU bans providing ‘high-value crypto-asset services’ to Russia
Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal. 393 Total views 1 Total shares The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s…
XRP court ruling marks milestone, but new crypto law could take years
The recent court ruling that Ripple’s XRP (XRP) token is not considered a security when sold on digital asset exchanges has sparked a wave of positive sentiment across the cryptocurrency ecosystem. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that he believes the most important part of this ruling is that the court unequivocally said…
Former PayPal employees launch decentralized cross-border payment network on Algorand
“Fueling cross-border transactions with regulated stablecoins to represent fiat on-chain has never been done before,” said Borderless Capital CEO David Garcia. 2500 Total views 18 Total shares Two former PayPal workers in business and technology have launched a cross-border payment system aimed at “faster, cheaper, and more transparent payments.”In an announcement today, fintech infrastructure firm…
Ripple vs. SEC: ‘Victory,’ or another chapter in the legal battle?
Some lawyers question whether the latest court decision in the Ripple case should be regarded as a victory over the SEC.
Market maker Keyrock closes $72 million in Series B funding round
Investors in the round included Ripple, SIX Fintech Ventures, and Middlegame Ventures. 539 Total views 5 Total shares Digital asset market maker Keyrock has raised $72 million in a Series B round of funding, according to an announcement on Nov. 30. Ripple, SIX Fintech Ventures, and Middlegame Ventures are among the investors in the round.Funds…