Day: October 11, 2022

Why blockchain is more efficient than a traditional database

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Daniela Barbosa, executive director of the Hyperledger Foundation, explains how enterprise-grade blockchain can be more efficient than a regular database and why central bank digital currencies should be built on open code. 0:00 Intro 0:15 What is the Hyperledger team focusing on at the moment? 1:12 How has the WEF’s attitude toward crypto changed over the last few years? 2:16 How did you get to know Bitcoin? 3:21 What is your view on CBDCs? 5:45 Why do enterprises need blockchain? 8:30 What…

Here’s Why SUSHI Is Down More Than 10% In The Last 24 Hours

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Over the last day, the price of SUSHI, the native cryptocurrency of the SushiSwap ecosystem, has been on the decline. However, this was not just a normal market decline and was tied to rumors that have been circulating in connection to its new ‘Head Chef’ Jared Grey’s conduct in the past and inappropriate sexual conduct with a… horse. Accused Of Running Scams A little over a week ago, the SushiSwap decentralized finance (DeFi) protocol appointed Jared Grey as its new head chef. All was fine for a while until the…

US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex

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Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.” The United States Department of the Treasury’s Office of Foreign Assets Control and Financial Crimes Enforcement Network took enforcement actions against crypto exchange Bittex for allegedly violating sanctions programs as well as reporting requirements under the Bank Secrecy Act, or BSA. In an Oct. 11 announcement, the U.S. Treasury said Bittrex had agreed to a more than $24-million settlement with…

Founder of Crypto Exchange Giant Huobi Sells His Shares to Hong Kong-Based Asset Manager

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Huobi founder Leon Li is selling his shares in the crypto exchange to Hong Kong-based asset manager About Capital Management. Li was a controlling shareholder in the company and sold 100% of his holdings, according to a press release from Huobi. After purchasing a majority stake in the exchange, About Capital Management formed a new advisory board for Huobi, which includes About Capital CEO Ted Cheng and Tron (TRX) founder Justin Sun. I am very honored to be appointed as a member of the Global Advisory Board of @HuobiGlobal and…

Ooki DAO Case So ‘Egregious,’ CFTC Had No Choice, Chair Behnam Says

Behnam has been pursuing a much longer reach for his agency when it comes to crypto, asking Congress to give it power to oversee the spot market for digital commodity tokens. That’s a favored idea in more than one piece of legislation introduced this year, but the bills will likely have to wait for the next Congress after November’s midterm elections (and the bills themselves don’t always clearly define where the CFTC’s jurisdiction might begin and end). Source