“Yes, there have been such discussions and we have spent recent months clarifying the situation with the banks,” Treccani said. “I think we have been successful. Going forward, you are going to see more tier one bank partnerships that we will soon be announcing in Europe, the U.S., APAC and Africa.” Source
The U.S. Justice Department hinted that Changpeng Zhao, Binance’s founder and former CEO of Binance, could potentially spend up to a decade in prison. A recent DOJ court filing not only reinforced restrictions on Zhao’s travel but also unveiled the possibility of a potential 10-year prison sentence. This development unfolds within a complex legal saga involving a substantial $4.3 billion fine and various compliance shortcomings on the path of the world’s largest Bitcoin (BTC) trading venue. In an unexpected turn of events, legal experts have made it clear that Zhao…
Still, as of writing, ATOM traded 3.5% lower on the day at $9.59, according to CoinDesk data. The cryptocurrency peeped above $10 over the weekend but failed to establish a foothold above the three-week-long resistance. The weakness perhaps stems from bitcoin, the industry leaders, struggling to get past the $38,000 mark. Source
Ethereum (ETH) remains resilient, trending above $2,000 amid the overall market downturn. Shiba Inu (SHIB) has made significant strides, notably with the launch of the Shibarium layer-2 network. Meme Moguls (MGLS) is firm as it approaches the conclusion of the Beta presale stage, drawing considerable investor interest. Ethereum accumulating Ethereum is in a stage of accumulation following news of BlackRock filing for a spot Ethereum ETF. The layer-2 network, Blast, has bridged over $230 million worth of ETH crypto and stablecoins. Blast has reached $230 Million in TVL within 48 hours. 37,131…
A Bored Ape Yacht Club (BAYC) owner says he has managed to avoid a potentially “dreadful day” after being asked to retrieve a banana for a photo from someone they initially believed was interviewing them for Forbes. On Nov. 27, NFT collector ‘Crumz’ detailed his run-in with a scammer posing as a Forbes journalist. He reported that someone pretending to be Robert LaFanco — a real Forbes editor, contacted him by direct message from an impersonator account with the offer of an interview for a new article about BAYCs. SCAM…
“Based on all the relevant facts, including Mr. Zhao’s voluntary self-surrender, his intent to resolve this case, and the sizable bail package he proposed, Judge Tsuchida found that Mr. Zhao presents no risk of flight, even while residing in the UAE,” last week’s filing said. Source
The United States, United Kingdom, Australia, and 15 other countries have released global guidelines to help protect AI models from being tampered with, urging companies to make their models “secure by design.” On Nov. 26, the 18 countries released a 20-page document outlining how AI firms should handle their cybersecurity when developing or using AI models, as they claimed “security can often be a secondary consideration” in the fast-paced industry. The guidelines consisted of mostly general recommendations such as maintaining a tight leash on the AI model’s infrastructure, monitoring for…
Solana rallied above the $65 resistance against the US Dollar. SOL price is now correcting gains and might even slide below the $50 support. SOL price started a major rally above the $60 resistance before the bears appeared against the US Dollar. The price is now trading below $60 and the 100 simple moving average (4 hours). There was a break below a short-term rising channel with support near $58.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could accelerate lower below the $55.00…
DappBay, a web3 dApp store for users on the BNB Chain, has flagged over 100 risky decentralized applications (dapps) in its recent update. BNB Chain shared the findings on X (formerly Twitter). See below. BNB Chain launched DappBay in July 2022, allowing users to discover new web3 projects while being kept abreast of their risk levels in real-time. At the heart of DappBay is its Red Alarm component, a risk screening tool that can help identify possible rug pulls and scam projects by checking logic flaws or fraud risks in…
Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan. Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin the strategic expansion of USDC into Japan. Circle and SBI Holdings are joining forces to boost $USDC circulation and transform the financial landscape in Japan with $USDC and Web3 Services! This partnership signifies a major leap in digital asset innovation and a strategic…