Category: ICO

Binance Boosts Compliance Staff by 34% Year-Over-Year, Citing Industry’s ‘Rapid Maturation’

Though Teng’s short tenure as CEO has certainly accelerated Binance’s compliance efforts, the exchange began making an effort to be more compliant with regulators well before Zhao stepped down in November 2023. Tigran Gambaryan, Binance’s head of financial crime compliance, left the Internal Revenue Service (IRS) in 2021 to join the exchange. Noah Perlman, Binance’s chief compliance officer, started in January 2023. In 2023, Binance increased its compliance spend by 36%. Source

Data protection is not an excuse when tackling scams and fraud

We are calling on organisations to share personal information responsibly to protect their customers from scams and fraud. Fraud is the most frequently experienced crime in the UK, accounting for 39% of all reported crime in England and Wales. 1 We’re warning that reluctance from organisations to share personal information to tackle scams and fraud can lead to serious emotional and financial harm. Data protection law does not prevent organisations from sharing personal information, if they do so in a responsible, fair and proportionate way. This International Fraud Awareness Week,…

SOL Price Hits Record, Continuing Turnaround From Crypto Winter Crash

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Why the Media Loves the Worst of Crypto

Not all crypto projects have clear value, however. Memecoins, digital tokens whose value is driven by internet attention rather than tangible use, are divisive — even within crypto circles. For example, dogecoin, a favorite of Elon Musk, has a market value exceeding 94% of companies in the S&P 500, despite lacking a product or business model. Recently, Chris Dixon, at Andreessen Horowitz, even criticized memecoins’ as undermining understanding of the sector’s utility. If one was looking for a reason to argue crypto is a scam, you could find it in…

Ethereum Layer-2 Teams Welcome Proposal to Overhaul Blockchain

“A big problem with Ethereum right now is that for a block to be considered finalized, it generally takes 12 to 19 minutes,” Farmer said. “If you’re moving funds between like Arbitrum and Polygon: until that transaction has been withdrawn from Arbitrum and deposited to Polygon, Polygon can’t safely credit those funds to a user until that transaction has been finalized on the L1. So that just leads to a bad user-experience, whereas if you have 12-second finality, that becomes a better user experience.” Source

Gary Gensler, We Won’t Miss You

Gary Gensler is stepping down. And no one in crypto is going to miss the SEC chair. Under his tenure, the lead U.S. securities regulator led a wide-ranging campaign against digital assets companies that was both damaging and frequently unfair. Meanwhile, Gensler offered no clarity to crypto companies wanting to do business the right way. At times, it seemed that Gary, along with his ally, Senator Elizabeth Warren, simply wanted to let crypto die on the vine — such was their obvious distaste for the industry and its arguments. Source