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…
Author: Crypto Flexs
Read More
The Ethereum Foundation is pleased to announce the winners. Data Merge Challenge 🐼. The challenge took place over a period of up to nine weeks centered on Merge, which allowed data analysts to collect and review information before and after the large-scale event. Participants submitted valuable data and analysis in 45(!) different blog posts. Explore lots of insights and since everything is open source, you are free to open the content and extend/modify your analysis! reward Products are divided into three tiers based on overall quality, scope, scalability, and usefulness to the community. Gold ($30,000 prize) 🥇 Silver Prize (Prize…
Dubai, United Arab Emirates – Farmsent, a leader in agricultural technology, prepares for monumental change as it partners with The Belt and Road Initiative, led by the Chinese government. This collaboration isn’t just about partnership. This is a game-changer for global agriculture. At the center of this groundbreaking collaboration is Farmsent’s traceability system, which wields immutability to redefine product tracking. Every step based on immutable records sets the standard for transparency and efficiency. This isn’t just a technology upgrade. This is the first step towards a future where transparency and efficiency reign supreme in agriculture. In this alliance, global partnerships,…
Bitcoin spot ETFs continue to be a hot topic in the cryptocurrency industry. According to Standard Chartered Bank, the Bitcoin ETF spot launch will push the price of Bitcoin to $100,000 by the end of 2024. However, the SEC delayed approving a spot Bitcoin ETF. The question is whether this delay will affect Bitcoin’s chances of reaching $100,000. Meanwhile, other popular tokens Pullix and NEO are preparing for price increases. Analysts predicted a 100-fold surge in DeFi cryptocurrency Pullix. Could Bitcoin (BTC) Hit $100,000 With SEC’s ETF Delay? Approval of a Bitcoin ETF has been a widely discussed topic for…
quick take Institutional digital asset brokerage Nonco has secured $10 million in a seed funding round led by Valor Capital Group and Hack VC. Other notable investors also participated, including Morgan Creek Digital and Bullish. Nonco aims to use the capital to meet growing institutional demand in the Americas and establish itself as a leading brokerage firm for digital assets with an emphasis on technology, services and compliance. Nonco has seen rapid growth since its launch in April, achieving transaction volume of approximately $6 billion. The company’s non-custodial approach and experienced leadership team positions it as a strong competitor in…
In a relatively rare move, US presidential candidates took a key stance on cryptocurrency-related issues at an event organized as part of Coinbase’s grassroots initiative Stand with Crypto. Republican presidential candidates Asa Hutchinson and Vivek Ramaswamy and Democratic presidential candidate Dean Phillips spoke Monday at the New Hampshire Institute of Politics at St. Anselm College. We spoke with CoinDesk, which sponsors the event. The candidates elaborated on the details. Especially Ramaswamy, who mentioned Tornado Cash in his opening speech. Last August, the judge agreed It worked with the Treasury Department after sanctioning cryptocurrency mixers last year. Critics in the cryptocurrency…
reporter Posted on: December 12, 2023 Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author. AVAX has very strong bullish momentum and has sparked debate about overextension. A violation of the $30 zone was critical for long-term investors. Avalanche (AVAX) was one of the best-performing large-cap altcoins in December. In fact, it was up more than 62% this month before recently plummeting to $32. A move above long-term resistance and the psychological round figure of $30 was a signal of the intentions of cryptocurrency buyers.…
Bitcoin (BTC) closed last week up 9.55%, but started the new week weak, falling close to $40,500. Bitcoin’s sharp correction also led to the liquidation of several altcoins. According to CoinGlass data, as of December 11, the volume of liquidated buys between cryptocurrencies was over $300 million.Sharp drops do not change the trends of Bitcoin and altcoins. Because corrections are part and parcel of every upward trend. Typically, a vertical rally is followed by a sharp decline, which shakes weak hands and allows long-term investors to buy more at lower levels.Daily cryptocurrency market performance. source: Coin360The correction is unlikely to…
OurSky, a technology company based in Southern California, seeks to provide amateur astronomers with the tools they need to add artificial intelligence and open source technology to star scanning. On Monday, OurSky launched the beta version of its network of telescopes connected via APIs after raising nearly $10 million in seed funding.Founded in 2021 by Dan Roelker and Alex Hawkinson, Los Angeles-based OurSky recently announced that it closed a $9.5 million seed round with investments from Upfront Ventures, Oceans Ventures, Venrex Investment Management, Marlinspike Partners, and Embedded Ventures. .“What OurSky has done is really unique. We’ve made the sky respond…
Unlike its competitors, Mistral AI has decided to offer its models as free downloads rather than providing access through an API. This approach allows developers to run models on their own devices and servers. French artificial intelligence (AI) startup Mistral AI is valued at $2 billion after a successful funding round that raised 385 million euros ($415 million) to further develop its innovative technology and open source software. Achieved. Significance of Mistral AI’s new funding round The funding round, led by Andreessen Horowitz (a16z) and supported by early backer Lightspeed Ventures, closed on December 11, following a successful initial funding…