The recent news of Paxful’s co-founder and former CTO, Artur Schaback, pleading guilty to conspiracy charges of deliberately failing to establish, develop, and maintain a compliant AML program as required by the Bank Secrecy Act, serves as a stark reminder of the consequences of non-compliance in the financial industry. Schaback’s failure to collect necessary KYC
Crypto
The landscape of stablecoins is undergoing a significant shift with the implementation of Europe’s Markets in Crypto-Assets Regulation (MiCA). According to French blockchain analytics firm Kaiko, non-compliant stablecoins currently dominate 88% of the total stablecoin volume. However, the tide is turning as market makers are beginning to favor compliant stablecoins over their non-compliant counterparts in
Bitcoin (BTC) has recently hit its lowest level since February 26, causing concern among investors. However, Bitfinex analysts have identified on-chain signals that suggest the leading cryptocurrency may be on the verge of a turnaround. Despite recent volatility and market fear, there are indications that BTC may not experience any further significant dumps in the
Despite a challenging week in the crypto market, Chainlink (LINK) managed to see a brief respite with a gain of over 4%. This positive movement was supported by the accumulation of over 6.2 million LINK by whales. The current value of these holdings is estimated to be around $76.88 million according to popular crypto analyst
Bitcoin’s recent price action has caused fear and uncertainty across the crypto market, with many participants worrying that the bull market may be coming to an end. The price has been steadily making lower highs and lows since dropping below the $70K mark, indicating a clear bearish trend. Last week, the market broke below the
The recent announcement by Binance regarding the delisting of four cryptocurrencies has caused a stir in the digital asset market. Binance, being the largest cryptocurrency exchange in the world, regularly updates its services to improve user experience. However, the delisting of BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) has led to a significant
The cryptocurrency market is currently experiencing a significant decline, with major coins such as ETH and XRP seeing notable decreases in their prices. ETH is trading below $3K once again, marking a 4% decrease for the day. XRP has dropped by 5%, and the bulls are struggling to defend the critical $0.4 level. As shown
The cryptocurrency market recently experienced a rebound, with Bitcoin nearly hitting the $58,000 mark and Ethereum rising above $3,000. Alongside these major players, meme coins like Shiba Inu also saw significant gains in value. The surge in prices brought about some hope for investors who had witnessed losses in the previous week. Among the meme
In the world of blockchain networks, Ethereum continues to reign supreme despite the emergence of competitors offering lower fees and faster transaction times. Recent data compiled by Lookonchain reveals that Ethereum has outperformed Bitcoin in terms of one-year fee revenue, raking in an impressive $2.728 billion. This staggering figure solidifies Ethereum’s position as the frontrunner
Real-World Assets (RWA) coins have been gaining popularity in recent months, with the market capitalization of the sector reaching nearly $9 billion earlier this year. However, a recent correction in the broader cryptocurrency market has led to a dip in the RWA niche, bringing the total market cap down to approximately $6 billion. This fluctuation
