Timothy Morano December 6, 2024 10:33 The Hong Kong Monetary Authority fined China CITIC Bank International Limited HK$4 million for violating the Anti-Money Laundering and Terrorist Financing Ordinance. The Hong Kong Monetary Authority (HKMA) has imposed a fine of HK$4 million on China CITIC Bank International Limited (CITIC) for violating the Anti-Money Laundering and Terrorist Financing Ordinance (AMLO), the Hong Kong Monetary Authority reported. . This disciplinary action concludes a comprehensive investigation into CITIC’s compliance with AMLO. Findings The HKMA’s investigation found serious deficiencies in CITIC’s AMLO compliance systems and controls. In particular, the…
Author: Crypto Flexs
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XRP has fallen nearly 18% since hitting a yearly high on December 3, but traders are still hoping for a strong rebound. One cryptocurrency analyst said their optimism could be tested if Bitcoin dominance continues to increase.“The real risk of the current highly leveraged XRP bull run is that Bitcoin dominance increases again. The swap from XRP to Bitcoin is very likely to lead to mass liquidations.” Pav Hundal, senior analyst at cryptocurrency exchange Swyftx, told Cointelegraph.The market has developed a ‘thirst’ for XRP long positions.Bitcoin (BTC) dominance at the time of publication was 55.30%, down 5% from last week,…
Rebecca Moen December 6, 2024 09:02 Binance is launching an upgraded P2P Seller Program that introduces Bronze, Silver, and Gold tiers to improve user experience and recognize the best sellers. In a strategic move to strengthen the P2P trading ecosystem, Binance announced significant upgrades to its P2P seller program. According to Binance, this latest improvement introduces a structured tier system designed to better recognize and reward the most active and trustworthy sellers on the platform. Introduction of tiered levels The revamped program now categorizes sellers into three levels: Bronze, Silver, and Gold. Each tier…
Are you looking for a reliable way to make money without huge investments or complicated equipment? Cloud mining may be the solution.DDB Miner Simplifying cloud mining to make it accessible and profitable for beginners. With a simple sign-up process, new users receive a $12 bonus and start earning daily rewards. The platform’s simple design and low investment requirements make it an excellent choice for anyone looking to start mining.Let’s take a closer look at what DDB Miner offers to its users.Why Cloud Mining Is Everyone’s Best Profit OpportunityCloud mining is one of the best ways to mine cryptocurrency without having…
The Hong Kong government published the ‘Stablecoin Bill’ in the Official Gazette on December 6 to introduce a regulatory system for fiat currency stablecoin issuers in Hong Kong. The bill is scheduled to be submitted to the Legislative Council for first reading on December 18.The draft bill seeks to strengthen the regulatory framework for cryptocurrency activities to address potential risks associated with fiat stablecoins. The bill also aims to promote financial stability, ensure sufficient protection for users and leverage the benefits that “virtual assets” and related technologies can bring.According to local media reports, the licensing system mentioned in the bill…
JasmyCoin surged 119% to $0.05534, driven by IoT usage and strong investor sentiment. iDEGEN has raised $2.5 million through an ongoing, dynamic, community-led presale. iDEGEN adapts through AI and social media to provide speculative pre-listing. JasmyCoin (JASMY) has soared to new heights, captivating investors and cryptocurrency enthusiasts around the world. Its incredible performance has resulted in significant gains and has established it as one of the best-performing altcoins on the market. But for those who may have missed JasmyCoin’s initial rise, a new opportunity is emerging. iDEGEN, an AI-based meme token, is gaining momentum and could be the next big…
jack anderson December 6, 2024 06:33 Web3 is driving growth through stablecoins, TradFi integration, and tokenization. Bitcoin reaches new highs and tokenization expands, marking a major milestone in the industry. According to Chainalytic, the cryptocurrency sector is witnessing a phase of transformation characterized by the increasing influence of stablecoins, the integration of traditional finance (TradFi), and a burgeoning tokenization sector. This evolution is occurring as Bitcoin (BTC) has achieved unprecedented price levels, with BTC prices exceeding $100,000 in March and December 2024, indicating strong market demand. Stablecoins Drive Global Adoption Stablecoins have emerged as…
The widely respected analyst and trader is taking a bullish stance on the large-cap altcoin, which has surged more than five-fold in a month. The analyst, who goes by the pseudonym Sherpa, told his 233,400 followers on social media platform XRP is trading at $2.65 at the time of writing, about 23% below its all-time high of $3.40. Source: Altcoin Sherpa/X The third-largest cryptocurrency asset by market capitalization is up about 434% since November 4. According to an anonymous analyst, the XRP/Bitcoin pair offers a “much better” risk-reward ratio. According to Sherpa’s chart, XRP/BTC is sitting below a resistance level…
Trump aims to establish more cryptocurrency-friendly regulations under his administration by creating a new cryptocurrency position in the White House. He chose David Sacks. US President-elect Donald Trump announced that venture capitalist Craft Ventures David Sacks will be the White House’s AI and cryptocurrency czar. This position is a new addition to the government agency after Trump set a goal of making the United States the cryptocurrency capital of the world. Sacks will guide artificial intelligence and cryptocurrency regulation and establish the legal framework for both industries. He will also lead the President’s Council of Advisors on Science and Technology.…
Terrill Dickey December 6, 2024 04:17 Perplexity AI leverages NVIDIA’s inference stack, including H100 Tensor Core GPUs and Triton Inference Server, to manage over 435 million search queries per month, optimizing performance and reducing costs. Perplexity AI, a leading AI-powered search engine, successfully manages over 435 million searches every month thanks to NVIDIA’s advanced inference stack. According to NVIDIA’s official blog, the platform integrates NVIDIA H100 Tensor Core GPUs, Triton Inference Server, and TensorRT-LLM to efficiently deploy large language models (LLMs). Provides multiple AI models To meet diverse user needs, Perplexity AI operates more…