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Are non-KYC crypto exchanges as safe as their KYC-compliant peers?

Are non-KYC crypto exchanges as safe as their KYC-compliant peers?

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Many see implementing Know Your Customer (KYC) tools in crypto as a deterrent to the Bitcoin (BTC) Standard, which has predominantly promoted anonymized peer-to-peer transactions. However, regulators stay put on promoting KYC and Anti-Money Laundering (AML) implementations as a means to ensure investors’ safety and protection against financial fraud. While most crypto exchanges have begun implementing
Fei Protocol founder proposes ghosting Tribe DAO following hack repayment

Fei Protocol founder proposes ghosting Tribe DAO following hack repayment

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Refuting TIP-121, members of the community questioned the lack of timelines and hard numbers within the proposal. 2680 Total views 24 Total shares An attack in April 2022, which drained off nearly $80 million from various Rari Fuse pools, required the decentralized finance (DeFi) platform Fei Protocol to come up with a solution that minimizes
3 reasons why Bitcoin’s drop to $21K and the market-wide sell-off could be worse than you think

3 reasons why Bitcoin’s drop to $21K and the market-wide sell-off could be worse...

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On Aug. 19, the total crypto market capitalization dropped by 9.1%. But, more importantly, the all-important $1 trillion psychological support was tapped. The market’s latest venture below this just three weeks ago, meaning investors were pretty confident that the $780 billion total market-cap low on June 18 was a mere distant memory.Regulatory uncertainty increased on
United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’

United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to...

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Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.” 3485 Total views 28 Total shares Scott Beck, CEO of United Texas Bank, called on members of the state’s blockchain working group to recommend a policy for leaving stablecoins to banks rather
FTX blocks Aztec Network privacy DApp, calling it a ‘high risk’ mixer

FTX blocks Aztec Network privacy DApp, calling it a ‘high risk’ mixer

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Some users took to Twitter to bemoan what some are calling a continuing attack on privacy in the wake of the U.S. Treasury Dept.’s action against Tornado Cash. 4158 Total views 33 Total shares FTX has reportedly begun blocking accounts that have sent coins through zk.money, a private layer-2 chain provided by the Aztec Network
FTX US among 5 companies to receive cease and desist letters from FDIC

FTX US among 5 companies to receive cease and desist letters from FDIC

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The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance. 6967 Total views 6 Total shares The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies.FDIC issued a Friday
Crypto Unicorns founder says P2E gaming is in a long ‘maturation phase’

Crypto Unicorns founder says P2E gaming is in a long ‘maturation phase’

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As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented. In the most recent episode of NFT Steez, Alyssa Expósito and Ray Salmond spoke with Aron Beierschmitt, the CEO of Laguna Games and founder
US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

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Four members of the U.S. House Committee on Energy and Commerce said they were “deeply concerned” that proof-of-work mining could increase demand for fossil fuels. 1864 Total views 32 Total shares Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms
A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction

A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction

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After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a "technical adjustment," but the network’s deposits and decentralized applications reflect worsening conditions.Avalanche (AVAX) index, USD. Source: TradingViewTo date, Avalanche remains 83% below
Nigeria aims for millions of new eNaira users as it increases features, targets unbanked

Nigeria aims for millions of new eNaira users as it increases features, targets unbanked

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Nigerian Central Bank governor Godwin Emefiele told attendees at the eNaira Hackathon that technical upgrades will add to the attractiveness and accessibility of the CBDC. 1867 Total views 9 Total shares The eNaira, Nigeria’s central bank digital currency (CBDC), will enter the second phase of its expansion with new technology to beef up its user
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CFTC to double down on consumer education for retail digital asset investors

CFTC to double down on consumer education for retail digital asset investors

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Home » Business » CFTC to double down on consumer education for retail digital asset investors The Commodity Futures Trading Commission (CFTC) has pledged to double down on educating retail digital assets investors to protect the faction of the market, which is made up of a significant population of minorities that are underserved by the financial
The Bitcoin Association for BSV’s Annual Report Video

The Bitcoin Association for BSV’s Annual Report Video

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Zug, Switzerland, 23 August 2022: Managing Director of the Bitcoin Association for BSV Patrick Prinz introduces the highlights of the last twelve months for the Association where the BSV blockchain reached an important milestone by becoming the biggest blockchain in the world with CryptoFights alone processing more daily transactions than ETH and BTC combined. BSV
Is the US Congress pro proof-of-work?

Is the US Congress pro proof-of-work?

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On August 17, the United States Committee on Energy and Commerce has sent letters to four digital currency miners, Core Scientific (NASDAQ: CORZ), Marathon Digital Holdings (NASDAQ: MARA), Riot Blockchain, Inc. (NASDAQ: RIOT), and Stronghold Digital Mining (NASDAQ: SDIG), looking for more information on Proof-of-Work mining and the impact it has on the environment. The