Category: ICO

In Mexico’s Biggest Election Yet, Crypto Remains on the Sidelines

Sheinbaum has indicated that the economic-integration between the U.S. and Mexico is such that whoever, Donald Trump or Joe Biden, comes to power, she’s confident of having a good relationship with both, if she came to power. Mexico is the largest market for remittances from the U.S. Her party’s government has so far kept crypto on the sidelines of financial integration, imposing a 20% tax on crypto gains, but without comprehensive legislation. A fintech law and other regulations require cryptocurrency exchanges in the nation to be registered under global requirements…

Binance Founder Changpeng Zhao Should Spend 3 Years in Prison, DOJ Says

“In part because Zhao failed to implement an effective AML program at Binance, illicit actors used Binance’s exchange in various ways, including operating mixing services that hid the source and ownership of cryptocurrency; transacting in illicit proceeds from ransomware attacks; and moving proceeds of darknet market transactions, exchange hacks, and various internet-related scams,” the filing said, pointing to fund movements from darknet markets and crypto mixers. Source

Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs

Gibran, the son of current President Widodo, vocally emphasized that Indonesia needs blockchain and crypto experts to advance the country’s technological sector during election campaign, while Prabowo and Gibran’s National Campaign Deputy Chairman, Erwin Aksa, previously mentioned that Prabowo and Gibran will improve tax compliance supervision for crypto assets as many are not compliant in reporting taxes. The official inauguration of Prabowo and Gibran is set for October 20, 2024. Source

The Ever-Dwindling Chances for a Stablecoin Law

Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It’s the latest effort to try and get something done in the U.S. legislative front – but is it enough? Source

Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17

Gambaryan, an American citizen and former Internal Revenue Service (IRS) special agent, is Binance’s head of financial crime compliance. He and a colleague, Binance’s regional manager for Africa Nadeem Anjarwalla, a dual U.K.-Kenyan national, were arrested and detained on Feb. 26 after flying to Nigeria’s capital city of Abuja to meet with the Nigerian government at the government’s request. Source

Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court

Sales of LUNA and MIR to institutional investors totaled $65.2 million and $4.3 million, respectively, sales of LUNA and UST through the Luna Foundation Guard (LFG) totaled $1.8 billion, and investors bought $2.3 billion in UST on various crypto asset trading platforms between June 2021 and May 2022, according to court documents. Source

AI Safety for Smart Contracts Is AI Safety for the World

Second, there’s authentication of inputs to LLMs, which means ensuring that inputs are trustworthy for a given purpose. For example, to decide whether to refund ticket purchases, Alice’s smart contract might accept from users not raw natural-language requests, but only pointers to trustworthy weather- and airline-information websites, whose data are interpreted by the underlying LLM. This setup could help filter out adversarial inputs. Source

Web3 Artist Shavonne Wong on the Future of NFTs

My husband told me about NFTs and I was like, “Don’t know what it is. Sounds very technical. But let’s try stuff, right?” So I basically got into NFT Twitter around January 2021 and started to check things out, ask questions, following people. And I was like, “All right, I’ll make something.” So I created a piece, minted it, and it sold. So I was like, “Okay, cool.” Created more pieces, they sold. I was like, “Oh, shit.” Source