Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange. Hidden Road, a Citadel-backed brokerage firm, has officially halted access to the ByBit exchange for Hidden Road clients, who were notified of the impending change weeks ago. According to Bloomberg, the restriction on services resulted from differences…
One of the primary and most essential tasks of the financial and banking industry is to prevent money laundering and terrorism financing. The term ‘money laundering’ originates from the infamous gangster Al Capone, who used a chain of laundromats to launder or legitimize vast amounts of cash. Money laundering is the process of legalizing funds…
Mastercard Inc. (NYSE:MA) has launched a new service called “Crypto Credential,” aimed at enhancing the security and ease of peer-to-peer crypto transactions across various European and Latin American countries. This service enables users to create a Mastercard username for sending and receiving Bitcoin and other cryptocurrencies via exchanges such as Bit2Me, Lirium, and Mercado Bitcoin,…
A $25 million donation from Andreessen Horowitz (a16z) hit the campaign coffers of the industry’s U.S. political action committee (PAC), according to a Thursday announcement from the firm, putting the amount raised by some of crypto’s biggest names at about $136 million and potentially elevating the sector to the upper echelon of campaign donors. Source…
The EU has often been accused of being slow-moving with a tendency to over-regulate industries. However, in the fields of both blockchain technology and artificial intelligence, it leads much of the rest of the world, quickly penning well-considered regulations to support innovation and mitigate risks. In yet another example of this trend, on May 24,…
OCEAN Mining has announced the establishment of a global hub in El Salvador. The Bitcoin mining pool is backed by Jack Dorsey. OCEAN Mining, a Bitcoin mining pool backed by Jack Dorsey, the founder of payments firm Block (formerly Square), has established its headquarters in El Salvador. OCEAN opens international hub in El Salvador In…
Internet Computer (ICP) brings the concept of a World Computer to life. It is an open, safe, blockchain-based network that can store data and applications in the form of smart contracts, execute those computations in a reliable and secure manner, and grow forever. The project brings together a sizable number of individually configured node machines…
Matter Labs, the developer behind zkSync, has sparked controversy within the crypto community by filing trademark applications for the term “zero-knowledge” (ZK) in nine countries, which many believe goes against the industry’s cooperative nature. Matter Labs has also previously attempted to register a token under the symbol “ZK” on several crypto exchanges. ZK technology is vital in cryptographic…
May 30th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has published its May 2024 Proof of Reserves (PoR) report, transparently demonstrating a reserve-deposit ratio of 115.34% and a total reserve value of $6.49 billion (USD) at the time of completion. This latest report covers over 209 digital assets, an increase of 20…
Crypto trading has substantially developed, providing investors with diverse strategies to manage the dynamic market. Let’s talk about some popular crypto trading strategies that people use: manual trading and API trading. Each method has its perks, and we’ll explore them here to help traders figure out what works best for their style and goals. Understanding…