Several New York lawmakers have shown their support for the state’s new Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act. The proposed bill was unveiled by New York Attorney General Letitia James on May 5 and seeks to extend the regulatory authority over crypto companies. According to James, the proposed legislation aims to “tighten regulations
Several major media outlets, including The New York Times, The Financial Times, and Bloomberg, have requested access to a list containing the names of approximately 9 million FTX customers and creditors who lost their money when the exchange filed for bankruptcy in November 2020. While transparency is typically beneficial in legal situations, concerns have been
In recent years, the play-to-earn (P2E) gaming sector has gained significant popularity among gaming and crypto enthusiasts as it offers cryptocurrencies or non-fungible tokens (NFTs) as rewards for completing in-game tasks. Axie Infinity ($AXS) is a prime example of this trend, offering a metaverse gaming environment where players can acquire creatures known as “Axies.” However,
DeeLance, a web3 start-up, is disrupting the $761 billion recruitment sector and remote working with its crypto and NFT-powered metaverse. The platform aims to unite freelancers and employers while offering lower fees compared to existing major web2 freelance websites. DeeLance is conducting a presale of the $DLANCE crypto token to fund the development of its
As the competition for dominance among established cryptocurrencies continues, a new wave of digital assets has emerged in the crypto sphere. One of these new currencies is SUI, whose network went live on Wednesday. About SUI The founders of SUI come from Mysten Labs, and like Aptos, its founders stem from Facebook’s crypto project. SUI
Senator Elizabeth Warren recently testified before the Senate Armed Services Committee about the use of cryptocurrency in crime and sanctions evasion. During her testimony, Warren highlighted crypto’s use in funding weapons programs, supporting spying, and promoting cyber attacks. She noted that while much cryptocurrency-related crime is hidden, over $20 billion in illicit transactions took place
The Nigerian Federal government has approved the country’s “national blockchain policy.” This policy is a result of extensive consultations with 56 Nigerian institutions and public figures. The country’s minister of communications and digital economy, Isa Pantami, announced the new policy, stating that it institutionalizes blockchain technology in Nigeria. The minister added that the National Information
Amid Argentina’s ongoing financial and economic crisis, Brazilian President Luiz Inacio Lula da Silva has pledged to act as a link between Argentina and the BRICS bloc. The BRICS bloc is made up of Brazil, Russia, India, China, and South Africa. Lula’s commitment is to facilitate economic assistance to help Argentina in its current crisis.
The UK’s Financial Conduct Authority (FCA) is taking measures to curb the threat of money laundering posed by illegal cryptocurrency ATMs in the country. The regulator recently collaborated with local police to conduct inspections of sites in Exeter, Sheffield, and Nottingham. While crypto ATMs are legal, they must be registered with the FCA before they
Democratic Senator Elizabeth Warren plans to reintroduce a crypto bill with the aim of cracking down on money laundering and terrorist financing. During a Senate Armed Services Committee hearing, Warren announced that she would reintroduce the Digital Asset Anti-Money Laundering Act. The Purpose of the Bill The Digital Asset Anti-Money Laundering Act seeks to ensure