U.S. Sen. Elizabeth Warren, D-Mass., has garnered more support from her colleagues for legislation to crack down on alleged use of cryptocurrencies for illicit finance.Warren, who has often been critical of the cryptocurrency industry, said Monday that five senators had: joined We jointly propose the ‘Digital Asset Money Laundering Prevention Act’. bill, Criticism of the cryptocurrency industry It aims to extend Bank Secrecy Act requirements, including know-your-customer rules, to miners, validators, wallet providers, and more.Three of the five new additions, Sens. Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif), and Chris Van Hollen (D-Md.), sit on the Senate Banking Committee along with…
Author: Crypto Flexs
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Dubai has established itself as a leading center for blockchain and cryptocurrency innovation, creating an environment conducive to the expansion of digital assets. The city’s progressive stance on technology has led to a significant increase in cryptocurrency adoption and investment.As the cryptocurrency market gains momentum in Dubai, it is essential for individuals to understand the intricacies of acquiring and disposing of digital assets. This comprehensive guide provides a roadmap to ensure users can make informed decisions in a dynamic financial environment.Understanding CryptocurrencyCryptocurrency, a form of digital or virtual currency that relies on encryption for security, operates on a decentralized network…
XRP price is expected to see a fresh rise from the $0.600 support. A break out of the $0.625 resistance area could allow the price to gain bullish momentum. XRP is slowly rising above the $0.612 level. The price is currently trading below $0.625 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair (data source from Kraken), a break occurred below the main bullish trendline with support near $0.628. A break above the $0.625 and $0.628 resistance levels will initiate a new rally for the pair. XRP Price Aims for a New Rise After…
The growth of both Shiba Inu and LUNC tokens has been hampered by the fact that their circulating supplies are incredibly large. As a way to curb this, both communities came up with burn plans to reduce token supply as much as possible. So far, community members have sent a significant amount of tokens to burn addresses. But which community efforts have had the greatest impact on token prices? The LUNC community hit $85 billion. The LUNC community burn has received a lot of attention since it began about a year ago. Millions of tokens are being removed from circulation…
On Monday, the largest international trade union confederation announced a deal with tech giant Microsoft, opening the door for employees to form unions and starting a conversation about how artificial intelligence will be used and implemented at the company. “By working directly with labor leaders, we can help AI serve our nation’s workers,” Microsoft President Brad Smith said in a statement. “This groundbreaking partnership respects workers’ rights, learns from the input of labor leaders as we develop our skills, and helps provide people with the skills essential for the new era of AI.” According to the AFL-CIO, the agreement’s goals…
The world of football is witnessing an incredible convergence of sporting and digital innovations with the upcoming FIFA Club World Cup Saudi Arabia 2023™. In a groundbreaking move, FIFA+ Collect is teaming up with tech company Modex to launch a series of exclusive digital collectibles. This initiative marks the start of a new partnership that combines the joy of football with the cutting-edge realm of digital collectibles. Digital Festival: From Rare Collectibles to Memorable Moments This unique collection will be released on December 15th with the launch of 100 rare digital collectibles on FIFA Collect+. These collectibles are more than…
PLANET ReFi Unveils Visionary RWA Blueprint Targeting USD 16 Trillion Market – Chainwire housenewsroomPLANET ReFi unveils visionary RWA blueprint targeting US$16 trillion market We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access…
The U.S. Securities and Exchange Commission (SEC) and prominent investment firms such as BlackRock and Fidelity have been discussing technical details about a spot Bitcoin ETF, which will determine whether the agency will approve the product. It may mean that you are close to making a decision.According to the note, the companies have been meeting with the agency over the past few weeks to discuss details of how the redemption process for spot Bitcoin ETFs will work. Vivian Fang, a finance professor at Indiana University, said the SEC appears to be in the midst of an investigation and reviewing details…
Traders who bottomed out the 2018 Bitcoin (BTC) bear market remain bullish on Solana (SOL) despite the previous day’s big correction move. Alien analyst Bluntz told his 231,500 followers on social media platform “Surprise, surprise. Guess which top 10 (cryptocurrencies) recovered the fastest? brush.” source: Blunts/X According to a cryptocurrency strategist, the correction has rattled over-leveraged traders. putting SOL and the rest of the cryptocurrency market are positioned to end the week on a positive note. “Open interest was completely wiped out and sold off early in the week after the weekly close. This was needed. I think we will…
Today, U.S. Senator Elizabeth Warren introduced legislation to address concerns surrounding the alleged misuse of digital currencies in illicit activities, citing money laundering, drug trafficking, sanctions evasion, and more.The bill, which has the support of a coalition within the Banking Committee, marks a significant push to strengthen oversight and regulation within the Bitcoin and cryptocurrency space. Senator Warren addressed the risks associated with cryptocurrencies, stressing that digital currencies are used as a vehicle for criminal activity and that this must be addressed through a rigorous regulatory framework.“Treasury believes that terrorist groups, rogue states, drug lords, ransomware gangs and fraudsters can…