Circle, a leading stablecoin company, has vehemently denied allegations linking it to terrorist financing. In a letter addressed to Senators Sherrod Brown and Elizabeth Warren, Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, refuted the claims made by the Campaign for Accountability (CfA) that the company’s USDC stablecoin was involved in crypto
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The Bitcoin price has soared past $38,000 in recent hours, marking a significant milestone for the cryptocurrency. This surge has been fueled by various factors, one of which is the anticipation around the potential approval of a spot Bitcoin exchange-traded fund (ETF). Bloomberg ETF analyst James Seyffart recently stated that the window for potential spot
Kraken, the renowned cryptocurrency exchange, is not backing down in the face of charges filed by the U.S. Securities Exchange Commission (SEC). The company’s Chief Legal Officer (CLO), Marco Santori, recently confirmed in an interview with CNBC that Kraken plans to fight and respond to the complaint in court. This article delves into Kraken’s stance
The crypto industry in East Asia has been grappling with a series of alarming scams and regulatory challenges, shaking investor confidence in the region. One such incident involved Hong Kong-based crypto exchange Hounax, which was allegedly involved in defrauding 145 victims of $18.9 million. Scammers posing as investment experts lured investors with promises of high
The highly anticipated launch of Robinhood’s brokerage services in the UK took place today, marking the company’s first venture outside of the United States. This move signifies Robinhood’s ambition to expand its reach internationally and bring its innovative investment platform to new markets. UK customers now have access to an extensive selection of over 6,000
Hong Kong, known for its thriving financial sector, is considering revolutionary changes to its digital asset approach. In a recent letter, Mr. Chen Zhihua, President of the Hong Kong Securities and Futures Association, proposed the introduction of an “Initial Coin Offering (ICO) mechanism” in Hong Kong. This suggestion, among others, is seen as a potential
XRP, the cryptocurrency associated with Ripple, has experienced a period of consolidation following a significant rise in its price. However, analysts have noticed an interesting pattern in the XRP monthly price chart that could have bullish implications for the future. The pattern in question is a series of three consecutive monthly green candles, a phenomenon
The decentralized network Algorand (ALGO) has recently formed partnerships with several influential organizations in India as part of its efforts to strengthen India’s Web3 foundation. These partnerships include NASSCOM, TiE Bangalore, and the Mann Deshi Foundation. Through these collaborations, Algorand aims to enhance Web3 capabilities, promote financial inclusion, and support women entrepreneurs in India. Collaboration
In the past few months, the cryptocurrency market has witnessed a surge in the value of DEX-traded tokens. These tokens, traded on decentralized exchanges, have experienced massive pumps, catching the attention of traders and investors alike. One such token that has recently gained significant attention is XCEPT ($XCEPT). XCEPT token positions itself as a pioneering
Artificial Intelligence (AI) has the potential to revolutionize the auditing of smart contracts and enhance cybersecurity in the crypto industry. However, the current capabilities of AI, particularly GPT-4, fall short in these areas. Coinbase’s experiment with ChatGPT revealed that the AI system wrongly classified high-risk tokens as low-risk in 25% of cases. James Edwards from