Samurai Wallet, River, Strike, Swan and other cryptocurrency industry companies sent a letter to the Financial Crimes Enforcement Network (FinCEN), challenging the proposed hybrid trading system introduced last October. Commented on the rules. The companies are asking FinCEN to withdraw the proposal, which they believe is inappropriate for a number of reasons and criticizes that its scope includes lawful activities. Samurai Wallet Blasts FinCEN Cryptocurrency Mixing Proposal Requirements A group of 26 companies with ties to the cryptocurrency industry sent a letter to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) questioning the validity of rules the agency proposed in…
Author: Crypto Flexs
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The Bank of England and the UK Treasury published their response to a consultation paper on the ‘digital pound’ in February.In a response published on Thursday, the BoE and the UK Treasury decided that it was still too early to definitively decide whether a digital pound would be needed. However, it said it plans to continue its research and design efforts on central bank digital currency (CBDC).“The Bank and the Treasury consider that additional preparatory work is warranted to respond to developments in the payments environment and to substantially reduce lead times if a decision is made to introduce a…
Zhao Chanfeng will remain in the United States BNB continued to trend with the market as it continued to fall. Recent court documents show that Chanpeng Zhao, the former head of Binance (BNB), is facing a challenge with US authorities. However, despite Zhao’s difficulties, BNB’s price showed notable resilience and pointed its way. Former Binance CEO Stays Grounded Recent court documents show that former Binance leader Chanpeng Zhao has denied requests to travel outside the United States. The request through his lawyer was for Zhao to be allowed to travel to the United Arab Emirates for a close colleague’s surgery…
price Bitcoin There has been a bearish trend over the past few days, which has led several cryptocurrency analysts to predict even more bearish behavior for the cryptocurrency asset in the near future. Bitcoin price plummets to $38,130 Ali Martinez, a renowned cryptocurrency analyst and enthusiast, shared This is a worrying prediction for Bitcoin’s near-term price movement. The analyst took to social media platform X (formerly Twitter) a few hours ago to share his predictions with the cryptocurrency community. Martinez’s prediction comes amid the recent crash frenzy that has encompassed the entire cryptocurrency market. The largest crypto assets have been…
South Korea’s SK Hynix, the world’s second-largest memory chip manufacturer, announced a return to profit in the fourth quarter of 2023. The company recorded an operating profit of 346 billion won ($259.8 million), significantly exceeding market expectations of 192 billion won. We suffered an operating loss. This is in stark contrast to the deficit of 1.9 trillion won in the same quarter last year. The gain followed a 47% surge in sales driven by increased demand for AI-centric memory chips. The company’s focus has shifted to advanced memory semiconductors, particularly those used in AI chipsets. SK Hynix’s advanced DRAM chips,…
SatoshiVM seems to have included most of the popular buzzwords when defining the protocol. It claims to be a Bitcoin Layer 2 protocol powered by zero-knowledge rollup technology. This protocol is a set of terms that can be thought of as a network that settles transactions in Bitcoin without the need to share additional data with network validators.
In an unprecedented move toward transparency in the evolving cryptocurrency ETF landscape, asset management company Bitwise has publicly disclosed the wallet addresses holding Bitcoin for its cash exchange-traded fund (ETF). Bitwise, which holds over 11,858 BTC worth approximately $465 million, recently became the first spot Bitcoin ETF issuer to disclose on-chain details of its holdings. TLDR Bitwise became the first Bitcoin ETF issuer to disclose its BTC wallet address, holding 11,858 BTC worth approximately $465 million. The wallet received more than 16,000 inscriptions worth more than $6,000, including rare Bitcoin ordinals such as RSIC airdrop, Bitcoin punk, Bitcoin store, etc.…
Hong Kong, Hong Kong, January 25, 2024, Chainwire LBank Labs, at the forefront of Web3 venture capital, is pleased to announce a major investment in Entangle. This strategic move is focused on strengthening Entangle’s innovative mission to unify Web3 communications and improve ecosystem liquidity. Entangle sets a new standard for data interoperability and secure composability in the blockchain domain with a custom interoperability infrastructure designed to scale and secure decentralized applications (dApps) across diverse blockchain networks. tangled outline Entangle is a custom interoperability infrastructure designed to unify Web3 communications and optimize ecosystem fluidity. It provides a platform for builders and…
Posted 1 minute ago In ~ Elwood Technologies has received approval from the UK Financial Markets Regulator to operate as a services company.Elwood CEO Chris Lawn said: “Securing FCA approval supports this need and marks another step in Elwood’s mission to deliver an end-to-end digital asset platform in a regulated and transparent manner in the UK, one of the world’s leading financial services jurisdictions. “He said. From the statement.Elwood said it has received certification related to its execution management system for security tokens and derivatives. The platform allows customers to connect to cryptocurrency exchanges and OTC trading venues.In May 2022,…
Today, Dr Craig S Wright, who claims to be Satoshi Nakamoto despite providing no concrete evidence, announced a settlement offer to Crypto Open Patent Alliance (COPA) members and all other relevant parties. The letter, posted on Wright’s personal blog, outlines the terms of the proposed settlement.Dr. Wright’s letter expresses his desire to reach settlements on several protracted legal standoffs he has initiated. The proposed settlement proposes to waive Wrights database rights and copyrights related to the BTC, BCH and ABC databases and “give the other party a perpetual, irrevocable license to jointly manage, operate and/or own such databases.” . It…