The order was used to seize a safety deposit box at CIBC Bank as well as an account. The safety deposit box contained C$250,200 ($184,250) in cash, gold bars, two Rolex watches, a Chanel J12 Black Diamond watch, and other jewelry. A 45-caliber Ruger 1911 pistol with ammunition was also found in the box, as well as identity documents under the names of Omar Dhanani and Omar Patryn, the Order says. Source
In another example of crypto using the courts to fight back against unwarranted regulatory interference, blockchain advocates stopped a U.S. statistics agency from issuing an “emergency” request for mining energy metrics. Source
The government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray list, putting crypto service lenders under the oversight of the local securities watchdog. Argentina Reportedly Set to Regulate Cryptocurrency Service Providers by […] Source CryptoX Portal
Early Tuesday, bitcoin’s 2% market depth across 33 centralized exchanges, or the combined value of buy and sell orders within 2% of the market price, rose to $539 million. That’s the highest since October and a roughly 30% increase since the spot ETFs hit the market on Jan. 11, according to data tracked by Paris-based Kaiko. Source
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Renewable Bitcoin (BTC) mining firm Iris Energy is set to increase its total hash rate to 10 exahashes per second (EH/s) in 2024 by acquiring new Bitmain T21 mining rigs. The company announced it had acquired an additional 1.6 EH/s of Bitmain T21 miners, set for delivery in the second quarter of 2024. The company currently has 5.6 EH/s of operational capacity as of December 2023. The newest generation of Chinese manufacturer Bitmain’s mining hardware will also improve the efficiency of Iris’ operations from 29.5 joules per terahash (J/TH) to 24.8…
The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 billion. However, the DeFi market has also been prone to significant corrections. In 2021, the DeFi market experienced a correction that saw the TVL fall from $100 billion to $40 billion. Despite the volatility of the DeFi market, there are ways…
According to Bloomberg analyst James Seyffart, who covers ETFs and the broader industry, no indication of a delay order for the Franklin Bitcoin ETF filing is evident. The deadline for an answer is tomorrow, Nov. 17, the same as Hashdex, according to the Nov. 16 post on X. Adding suspense In a separate post made on Nov. 14, Seyffart shares that there is a pretty good chance the crypto community will delay orders from the SEC, stating that even if this is the case, it would not change anything about…
Last week the administration of United States President Joe Biden issued a lengthy executive order intended to protect citizens, government agencies and companies through ensuring AI safety standards. The order established six new standards for AI safety and security, along with intentions for ethical AI usage within government agencies. Biden said the order aligns with the government’s own principles of “safety, security, trust, openness.” My Executive Order on AI is a testament to what we stand for: Safety, security, and trust. pic.twitter.com/rmBUQoheKp — President Biden (@POTUS) October 31, 2023 It includes…
The United States National Institute of Standards and Technology (NIST) and the Department of Commerce are soliciting members for the newly-established Artificial Intelligence (AI) Safety Institute Consortium. Participate in a new consortium for evaluating artificial intelligence (AI) systems to improve the emerging technology’s safety and trustworthiness. Here’s how: https://t.co/HPOIHJyd3C pic.twitter.com/QD3vc3v6vX — National Institute of Standards and Technology (@NIST) November 2, 2023 In a document published to the Federal Registry on Nov. 2, NIST announced the formation of the new AI consortium along with an official notice expressing the office’s request…