On Monday, the seventh consecutive week of outflows from Digital Asset Investment products accounts for $62M which then totals around $329 million. This indicates the one percent of overall assets under management (AuM). However, on a statistical basis, this coincides with the proportion of outflows seen in earlier 2022. The
The global cryptocurrency market has been significantly jolted, including digital currencies such as Bitcoin (BTC) and Polygon (MATIC). This disturbance is mainly due to the recent measures undertaken by the U.S. Securities and Exchange Commission (SEC) against Binance, a leading cryptocurrency exchange. Market Instability and Dipping Prices Bitcoin, the leading
In a major legal development, the Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, one of the world’s largest cryptocurrency exchanges. The SEC complaint specifically identifies ten tokens, including popular cryptocurrencies such as SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI, as unregistered crypto
As the long-running SEC vs. Ripple lawsuit comes to an end, it’s interesting to hear that pro-XRP attorney John Deaton has expressed such a prediction regarding the possibility of winning. He stated that Ripple had an outright win against the Securities and Exchange Commission. Also, the SEC has a less
Artificial intelligence (AI) technology is now in the hands of criminals, increasing the risk of deep fakes and malware. When it comes to improving and quantifying AI-driven cybersecurity solutions, OpenAI, the startup behind popular AI tools like ChatGPT and Dall-e, has set up a $1 million grants scheme. The AI
Binance, the major cryptocurrency exchange, and its CEO, Changpeng Zhao have received nearly 13 case files from the United States Securities and Exchange Commission (U.S. SEC) so far. Meanwhile, on Monday, a case complaint was raised in US Federal Court against Binance. The case file includes the unregistered security exchanges
On Saturday, US Senator Elizabeth Warren hinted at the prospect of presenting a measure to prohibit loopholes in the cryptocurrency business. After her recent accusation that cryptocurrency payments were implicated in the Chinese fentanyl trade. According to previous reports, Warren has provided evidence from her own study that supports assertions
Binance CEO Changpeng Zhao (CZ) recently had a “ask me anything” session in which he answered questions about his day, the future of Web3 in Dubai, and Binance’s plans. Binance, the largest cryptocurrency exchange in the world, has no interest in or plans to enter the cryptocurrency mining industry. The
1/ST RACING & GAMING and 1/ST TECHNOLOGY Lead Investors in MyRacehorse with the collective goal of making horse ownership even more accessible LEXINGTON, Ky.–(BUSINESS WIRE)–#myracehorse–Experiential Squared (E2), parent company to the popular global racehorse ownership platform, MyRacehorse, today announced a $7 million funding round. The funding round is comprised of
The UAE Central Bank has updated its regulations for financial institutions. To follow in order to prevent money laundering and the funding of terrorism in connection with digital currencies and NFTs. New anti-money laundering and counter-terrorism funding criteria for financial institutions are being adopted. This is being done by central
