The recent case involving Paxful’s co-founder and former CTO, Artur Schaback, sheds light on the serious consequences of neglecting Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Schaback pleaded guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program, as required by the Bank Secrecy Act. This failure
admin
Katherine Dowling, the Chief Compliance Officer (CCO) of Bitwise, recently indicated that spot Ethereum ETFs are nearing the final stages of approval. In an interview with Bloomberg on July 9, Dowling mentioned that discussions with the Securities and Exchange Commission (SEC) have been positive, with fewer issues to address in each S-1 amendment. This progress
Despite the recent drop in Bitcoin price below $60,000, the majority of Bitcoin investors are still seeing profits in their positions. According to data from the on-chain tracker IntoTheBlock, around 83% of the approximately 53.57 million Bitcoin holders worldwide are currently in profit, even as the price hovers just above $56,000. This leaves only 17%
Shatterline, a dynamic arena shooter available on PC, has been making waves in the gaming community since its early access release on Steam in 2022. The game offers both player-versus-player (PvP) and player-versus-environment (PvE) modes, providing players with a competitive and immersive gaming experience. Despite the early access servers shutting down on August 1st, Shatterline
The introduction of the MiCA regulation has sparked a surge in demand for compliant stablecoins, with Circle’s USDC emerging as a key player in this space. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently dominate the market, accounting for 88% of total stablecoin volume. However, with the implementation of MiCA
Recently, Artur Schaback, the co-founder and former CTO of Paxful Inc., pleaded guilty to conspiracy charges related to the failure to maintain an effective anti-money laundering program. The Department of Justice stated that Schaback’s negligence allowed Paxful to become a hub for various criminal activities, including money laundering, fraud, and prostitution. Schaback pleaded guilty to
MetaMask, a product of Ethereum firm ConsenSys, recently introduced the MetaMask Delegation Toolkit at the Ethereum Community Conference (EthCC) in Brussels. This toolkit aims to simplify user onboarding and enhance the Web3 experience by streamlining the process of accessing decentralized applications (dapps). One of the key features of this toolkit is its ability to provide
The Republican Party has made a surprising move by including Bitcoin and crypto in their official platform for the upcoming 2024 election. This shift reflects the influence of former President Trump’s statements and signals a broader acceptance of digital assets and blockchain technology within the party. The platform opposes the creation of a central bank
Bitcoin has experienced a significant drop in price, reaching its lowest level since February 26 and stabilizing around the $57,000 range. This decline in price has been attributed to recent events such as substantial BTC sales by the German law enforcement agency, the Bundeskrimanalamt (BKA), and the creditor redemptions from the defunct crypto exchange Mt
The recent price crash in Bitcoin has sparked concerns among investors and analysts alike. Jacob Canfield, a trading mentor at the Trading Mastery, predicts a potential further decline in the Bitcoin price based on historical patterns observed in Bitcoin’s pricing trends. Canfield’s analysis highlights the tendency of Bitcoin to retest yearly open levels throughout the
