Author: Dren.H

According to a Reuters report, Binance helped Bitzlato move around $346 million worth of Bitcoin. Bitzlato, which was identified as a “money laundering” operation, recently halted its operations after US authorities arrested its founder Anatoly Legkodymov. The accused allegedly ran the unlicensed exchange, which “processed” around $700 million illegally. Controversially enough, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) stated that among the top three “counterparties” of Bitzlato was also Binance, the world’s leading crypto exchange. Others illegally involved were Hydra and Finiko, also allegedly illegal enterprises. Hydra was a drugs marketplace in the dark web, and Finiko was a…

As per Reuter’s report, more crypto regulation may come into the EU in accordance with Environmental, Social, and Governance (ESG) rules. On Tuesday, EU legislators will cast their ballots on a bill that incorporates stricter regulations for cryptocurrencies and Environmental, Social, and Governance (ESG) risks for financial institutions. The bill, which is being proposed by the European Parliament’s economic affairs committee, is based on the remaining elements of Basel III, a global agreement that necessitates banks to hold more capital to endure market shocks without depending on taxpayer support. One of the key provisions in the bill states that banks…

In a recent tweet, Elon Musk hinted at the possibility of AI dominating various industries throughout 2023. On January 22nd, tech billionaire Elon Musk took to Twitter to say that 2023 will be a “big year for AI.” This comes in response to a tweet from a user highlighting several upcoming AI projects and companies, including OpenAI’s GPT-4, AnthropicAI’s ‘Claude,’ DeepMind’s ‘Sparrow,’ and Text-to-Video technology. The tweet also mentions StabilityAI, a company that is currently working on developing AI systems that can “enhance” humans’ potential. The tweet also mentions Google’s “Code Red” regarding ChatGPT and the latter’s potential to “kill”…

A new crypto report by CoinWire highlights the current state of the market, as well as users trusting Binance more than any other exchange. The Crypto Report 2022, published by CoinWire and TK Ventures, provides an in-depth analysis of the crypto market, using statistics on various aspects of the crypto market. The report is based on research conducted by a team of over 10 members and surveys of over 10,000 participants. It covers several topics within the cryptocurrency market such as market overview, fundraising, layer 1 and 2 solutions, DeFi statistics, NFTs, Web3 gaming overview, Web3 gaming transition, Web3 awareness,…

The number of NFT transactions has increased in the last 30 days after the crypto market continues to recover during this bear run. The market for NFTs on Ethereum and other blockchain networks has seen a significant increase in recent months. According to data from Crypto Slam, NFT sales in USD on Ethereum increased by 33% in the last 30 days. This is a significant increase. It shows that more and more people are interested in buying and selling NFTs on the Ethereum network. Furthermore, NFT transactions on Ethereum have increased by more than 50%, indicating that there is a…

Terra’s Mars Protocol is set to be launched soon, with many having mixed feelings given Terra’s collapse in 2021. The Mars Hub team plans to launch its independent Cosmos application chain on January 31st, 2023. The mainnet debut marks the final phase of a three-step process that began with a private testnet for developers and select community members, followed by a public testnet. The mainnet will go live with 16 genesis validators, including Block Pane, Chill Validation, Chorus One, Cosmology, CryptoCrew Validators, ECO Stake, among others. After launch, the team will open 34 additional slots for permissionless validators. To protect…

Twitter CEO, Elon Musk, recently took to the social media platform to announce some upcoming updates that will take place in the coming months. In the first tweet, Musk stated that Twitter will be translating and recommending tweets from users in other countries and cultures. Also, he emphasized that there are many “epic tweets” being posted every day in other countries, particularly in Japan. These tweets will be translated before being recommended to users. This change aims to increase the diversity of content available on the platform. That will make it easier for users to discover and engage with tweets…

Christy Goldsmith, CFTC Commissioner, recently called for more regulation in the crypto market after what happened with FTX. The recent case involving cryptocurrency exchange FTX has sparked a conversation about the need for proper regulation in the crypto industry. CFTC Commissioner Christy Goldsmith Romero recently appeared on Bloomberg to discuss the impact of the FTX case on crypto regulation. The Commissioner called for a more comprehensive whole-of-government approach to regulating the crypto industry. That is somewhat similar to what is currently in place for traditional finance. This would involve multiple government agencies working together to provide greater customer protection and…

Sam Bankman-Fried (SBF) may be forced to give out $700 million worth of assets if he is found guilty of fraud. Sam Bankman-Fried (SBF), the infamous founder of FTX, could be forced to forfeit $700 million worth of assets if he is found guilty of fraud. This announcement comes from the United States District Court for the Southern District of New York. The latter is currently investigating SBF for his involvement in the fraudulent scheme of FTX and Alameda. According to court documents, those assets include SBF’s personal property, real estate, cryptocurrencies, etc. This includes his shares in Robinhood, valued…

Bitcoin, the world’s leading cryptocurrency, recently reached a record-breaking hash rate, following the recent price surge. Bitcoin’s hash rate has reached an all-time high, breaking the previous record set just a few months ago. This increase in hash rate is a significant milestone for the cryptocurrency. It indicates a growing level of interest and investment in the network. Hash rate is a measure of the power of the computers that are working to validate Bitcoin transactions and add new blocks to the blockchain. The higher the hash rate, the more powerful the network is and the more secure it becomes.…