Erik Voorhees, founder of Shapeshift, announced the debut of Venice, an artificial intelligence (AI) application that promises enhanced privacy and unrestricted freedom of speech. Unlike mainstream AI services, Venice is designed to operate without the typical “Orwellian” oversight of centralized platforms, providing a truly private and uncensored user experience. New AI on the Block: Venice(…)
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The Justice Department designated Forensic Risk Alliance as Binance’s external watchdog after it pleaded guilty to violating U.S. money laundering regulations and trade sanctions. The Forensic Risk Alliance (FRA) was selected over Wall Street law firm Sullivan & Cromwell and several other major contenders, according to sources who requested anonymity due to the confidentiality of the matter. Neither the Justice Department, Sullivan & Cromwell nor FRA spokespeople had immediate comment. The monitor’s appointment followed Binance’s November plea agreement. The world’s largest cryptocurrency exchange also agreed to pay a $4.3 billion fine. Binance founder Changpeng Zhao pleaded guilty, agreed to step…
The Securities and Exchange Commission said Coinbase should reject its move to appeal the decision to regulators. Last month, Coinbase intermediate appeal according to the judge decision This is to ensure that lawsuits involving the SEC and platforms can proceed without being dismissed. In its appeal, Coinbase asserted a disagreement with the Howey test. It’s a 1946 U.S. Supreme Court case that the SEC often cites to determine whether assets qualify as investment contracts, or securities. The SEC countered Friday, saying there was “no substantive basis for disagreement.” “More broadly, it is clear that Coinbase does not like Howey and…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportU.S. banking giant Wells Fargo disclosed investments in several Bitcoin ETFs, according to a regulatory filing on Friday, becoming the latest institution to participate in the cryptocurrency-based vehicle.According to a filing with the U.S. Securities and Exchange Commission (SEC), the bank purchased shares of Grayscale’s GBTC spot Bitcoin exchange-traded fund (ETF) and Bitcoin ATM provider Bitcoin Depot. Depot Inc.) was also found to be exposed.The document also shows that the…
Salvor, a well-known peer-to-peer NFT and memecoin lending protocol built on the powerful pillars of the Avalanche C Chain, has joined the Avalanche Rush program. They participated in the Avalanche program with a maximum total of $1 million in $AVAX provided by the Avalanche organization. Salvor provides a vibrant peer-to-peer lending and borrowing ecosystem that allows users to leverage non-fungible tokens and meme coins to obtain financial support from AVAX. These NFTs play a key role in improving the financial flexibility and liquidity of the Avalanche framework. Avalanche Rush will be the mining utility that transforms Avalanche DeFi, creating an…
London, UK, May 10, 2024, Chainwire Kintsu, a leading innovator in the DeFi space, is excited to announce the launch of its highly anticipated testnet on May 13th. This exclusive event invites a select group, including Kintsu OG, to pioneer a new era of liquid staking on the cutting-edge Aleph Zero blockchain. Aleph Zero is a permissionless layer 1 blockchain that combines Proof of Stake (PoS) consensus mechanism and Directed Acyclic Graph (DAG) for scalability, security, and efficiency. Advanced privacy features include zero-knowledge proof (ZK-SNARK) and secure multi-party computation (sMPC) within the Liminal privacy layer. About Kintsu Kintsu aims to…
BNB (BNB) price is up 5.5% in a two-day rally, trading below $600 after reaching a high of $605 on May 9. BNB/USD daily chart. source: TradingViewDespite today’s decline, data shows that BNB price remains strong over the long term. The layer 1 token has surged 83% in the past 30 days and 91% in 2024 alone, reaching a multi-year high of $645 on March 16. The rally brought BNB within 7% of its all-time high of $690 reached in May. October 10, 2021.Since then, BNB has consolidated within a wide range from $500 to $620, leaving many traders wondering…
The price of Bitcoin (BTC) fell more than $2,000 in an hour on May 10 as a sudden wave of volatility threw quiet markets into disarray.Data from Cointelegraph Markets Pro and TradingView showed that the BTC price suddenly fell from a high of $63,494 on May 10 to an intraday low of $60,308, putting leveraged long traders offside.BTC/USD 1-hour chart. source: TradingViewAs of this writing, losses are still mounting, with the flagship cryptocurrency losing more than 2.5% of its value in the last 24 hours.“The final accumulation is happening,” said Michaël van de Poppe, founder of MN Capital. react Bitcoin’s…
Share this article The U.S. Department of Justice (DOJ) selected Forensic Risk Alliance (FRA) for Binance Holdings’ three-year monitoring over its initial preferences, Sullivan & Cromwell (S&C) and BNB Bloomberg. reported today.This is a requirement of Binance’s November plea deal for violating money laundering rules and trade sanctions. Binance also agreed to a $4.3 billion fine and CEO Changpeng Zhao resigned and was sentenced to four months in prison.The FRA’s role includes scrutinizing Binance’s internal operations to ensure compliance and reporting findings to the government. The firm has a history of performing similar work, including consulting for Gunvor SA during…
Legal • May 10, 2024, 2:47 PM EDT Posted 1 minute ago In ~ Colombian President Gustavo Petro reportedly received more than $500,000 worth of digital tokens from a fraudulent cryptocurrency project to finance his 2022 election, according to local media reports.Colombia-based cryptocurrency project Daily COP illegally donated 2 billion Colombian pesos, or about $514,036 worth of cryptocurrency, to Petro’s 2022 campaign, Omar Hernández, a former contractor on the token project, told Caracol Radio on Wednesday. The donation was discussed at a meeting between Daily COP co-founder Sebastián Betancourt and Petro’s then-campaign manager Ricardo Roa at a Bogotá bakery in…