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The recent news of Paxful’s co-founder and former CTO, Artur Schaback, pleading guilty to conspiracy has sent shockwaves through the cryptocurrency community. Schaback’s failure to establish, develop, implement, and maintain a compliant AML program as required by the Bank Secrecy Act has raised serious concerns about the company’s practices. The US Department of Justice’s Office
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Katherine Dowling, the Chief Compliance Officer of Bitwise, recently stated that spot Ethereum ETFs are on the verge of approval. In a discussion with Bloomberg, she mentioned that the Securities and Exchange Commission (SEC) is receptive to discussions about various financial products. Dowling highlighted that the SEC and ETF issuers are making progress with each
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The implementation of Europe’s Markets in Crypto-Assets Regulation (MiCA) on June 30 has resulted in a significant shift in the cryptocurrency market. With an increased demand for compliant stablecoins, Circle’s USDC has emerged as a primary beneficiary of this trend. According to French blockchain analytics firm Kaiko, non-compliant stablecoins currently account for 88% of the
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Artur Schaback, co-founder and former CTO of Paxful Inc., recently pleaded guilty to conspiracy charges related to the failure of maintaining an effective anti-money laundering (AML) program. This negligence allowed Paxful to become a hotspot for various illicit activities, including money laundering, sanctions violations, fraud, romance scams, extortion schemes, and prostitution. Criminal activities flourished under
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MetaMask, the popular browser extension wallet developed by Consensys, has introduced a groundbreaking innovation with the MetaMask Delegation Toolkit. This toolkit is specifically designed to revolutionize user onboarding in the Web3 space. By simplifying the process of accessing decentralized applications (dapps), MetaMask aims to eliminate user friction and provide a more seamless experience for users.
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Bitcoin (BTC) has recently experienced a significant drop in price, reaching its lowest level since February 26. Despite hovering around the $57,000 range in the face of high volatility, Bitfinex analysts have identified on-chain indicators that suggest the leading cryptocurrency may be on the verge of a potential recovery. The correction in Bitcoin’s price was
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Bitcoin has seen a significant decrease in price by more than -22% since its peak in mid-March, raising concerns among traders and investors. Jacob Canfield, a trading mentor at Trading Mastery, has conducted a thorough analysis of Bitcoin’s historical pricing trends, pointing to a potential further decline in the cryptocurrency’s value. According to Canfield, Bitcoin
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Sovereign Nature Initiative (SNI) has recently partnered with Unique Network and WalletConnect on the Polkadot blockchain to launch a unique initiative called DOTphin. This collaboration is set to revolutionize the use of NFTs in promoting environmental sustainability and community engagement within the blockchain ecosystem. DOTphin is an initiative that leverages dynamic NFTs to create personalized
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Binance, known as the world’s largest cryptocurrency exchange, recently made the decision to delist four digital assets from its platform. This move caught many traders and investors off guard, causing panic in the market. The delisted cryptocurrencies include BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). Support for all spot trading pairs involving these
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Messari, a prominent US-based crypto market intelligence platform, has taken a bold and decisive step by declaring independence from the Securities and Exchange Commission (SEC). This move comes in response to the perceived stringent approach of the regulatory body towards the emerging industry. In a statement on July 7, Ryan Selkis, CEO of Messari, made
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The highly anticipated Moku NFT sale is set to go live on the Mavis Launchpad on July 9th at 1 PM UTC. This event marks the debut of Moku’s first collection, featuring Moki Eggs that will reveal unique Moki NFTs. The rarity of the egg will determine the likelihood of obtaining a rare Moki, making
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In a landscape where multiple blockchain networks have emerged offering lower fees and faster transaction times, Ethereum continues to dominate the space. Despite the competition, users seem willing to pay higher fees on the Ethereum network. Data compiled by Lookonchain reveals that Ethereum has surpassed Bitcoin in terms of 1-year fee revenue. Ethereum leads the
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Real-world Assets (RWA) have gained significant traction in recent months as they offer a tangible backing to digital currencies. These assets can represent physical objects or properties and are governed by smart contracts on the blockchain. Earlier this year, the market capitalization of the RWA niche surged to nearly $9 billion. However, a recent correction
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In recent days, Bitcoin experienced a significant correction, dropping below the $54,000 mark. This sharp decline caught the attention of many investors as the cryptocurrency had not seen such low prices since February. Some individuals may interpret this as a potential signal that the bull market for Bitcoin is coming to an end. While some
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Opeyemi is a writer who has found his passion in the world of cryptocurrency. Despite not originally intending to work in the digital asset industry, he has become deeply immersed in it over the past two years. He takes pride in creating content that demystifies blockchain technology and discusses the latest trends in the cryptocurrency
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