The recent plea deal by Paxful’s co-founder and former CTO, Artur Schaback, highlights a serious failure in the company’s implementation of an Anti-Money Laundering (AML) program. According to the US Department of Justice (DOJ), Schaback deliberately neglected to establish, develop, and maintain a compliant AML program as required by the Bank Secrecy Act. This failure
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The recent drop in Bitcoin price below $60,000 caused panic among investors as major holders, such as the German and US governments, engaged in rapid selling. This resulted in one of the largest downturns witnessed in the cryptocurrency’s market in the last two years, causing billions of dollars in losses. Despite this significant drop, the
Shatterline, a dynamic arena shooter available on PC, has been making waves in the gaming community since its early access release on Steam in 2022. The game offers both player-versus-player (PvP) and player-versus-environment (PvE) modes, providing players with a competitive and immersive experience unlike any other. Despite the impending shutdown of the early access servers
The Chief Compliance Officer of Bitwise, Katherine Dowling, recently mentioned that spot Ethereum ETFs are on the verge of approval. She highlighted that the SEC has been receptive to discussions about various financial products. In a recent interview with Bloomberg on July 9, Dowling stated that the SEC and ETF issuers are resolving fewer issues
Artur Schaback, one of the co-founders of Paxful Inc., recently pleaded guilty to conspiracy charges related to the failure to maintain an effective anti-money laundering (AML) program. The Department of Justice stated that Schaback’s negligence led to Paxful becoming a hub for various criminal activities, including money laundering, sanctions violations, fraud, romance scams, extortion schemes,
The implementation of Europe’s Markets in Crypto-Assets Regulation (MiCA) on June 30 has caused a significant shift in the stablecoin market. With the demand for compliant stablecoins on the rise, Circle’s USDC has emerged as a primary beneficiary of this trend. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently make
Sovereign Nature Initiative (SNI) has recently made headlines with the announcement of their partnership with Unique Network and WalletConnect on the Polkadot blockchain. This collaboration, known as DOTphin, is set to launch at Polkadot Decoded 2024. The initiative, backed by strong community support through Polkadot OpenGov, aims to utilize NFTs to drive environmental sustainability. Unlike
The recent unveiling of MetaMask’s Delegation Toolkit at the Ethereum Community Conference in Brussels marks a significant move towards improving user onboarding in the Web3 space. This toolkit is designed to eliminate user friction and simplify the process of accessing decentralized applications (dapps). One of the key features of the toolkit is its ability to
Recent analysis by Jacob Canfield, a trading mentor at the Trading Mastery, suggests that Bitcoin may experience further decline in price based on historical patterns observed in its pricing trends. Canfield notes that Bitcoin has a tendency to retest yearly open levels, with exceptions seen in 2023 and 2024. These retests have been a consistent
Bitcoin has been experiencing a downturn in recent days, with prices dropping to the lowest level since February 26. Despite the high volatility, Bitfinex analysts have identified on-chain signs that suggest the leading cryptocurrency may be nearing a potential local bottom. This analysis provides insight into the recent market movements and the outlook for Bitcoin’s
The Republican Party has taken a bold step by including Bitcoin and cryptocurrency in its official platform for the upcoming 2024 election, marking a significant shift towards embracing digital assets and blockchain technology. This move reflects former President Trump’s recent statements and signals a broader trend within the party to recognize the importance of these
Following a tumultuous week for the crypto market, Chainlink (LINK) experienced a surge of over 4%, defying bearish pressure. A key factor driving this uptrend is the increased accumulation of LINK by whales. Data from crypto analyst Ali Martinez reveals that whales have acquired over 6.2 million LINK in the past week, amounting to approximately
Legend of Arcadia (LOA) Season 2: Grandia World Tour continues to push the boundaries of innovative play-to-airdrop (P2A) campaigns that were proven successful in Season 1. Building upon the foundation laid by Arcadia Rune Quest in the first season, Season 2 introduces players to the bustling cityscape of Grandia, offering new opportunities to play-to-earn. By
Veteran trader Peter Brandt recently suggested that Bitcoin could potentially drop as low as $44,000 based on a technical indicator signaling a bearish outlook for the cryptocurrency. Brandt’s prediction hinges on the idea that Bitcoin may have completed a double top, indicating a possible severe reversal to the downside. However, another analyst, JK, challenged Brandt’s