Ad Since the last wMarket update, the cryptocurrency market cap saw net inflows of over $50 billion in the previous 24 hours and currently stands at $1.01 trillion — up 6.14%. Over the reporting perio...
Tag: Measures
US Plans Emergency Measures to Backstop Banks After SVB
(Bloomberg) — The Federal Reserve and the Treasury Department are preparing emergency measures to shore up banks and ensure they can meet potential demands by their customers to withdraw money, ...
Judge Says Flip Phone And Restricted Laptop May Still Be Too Lenient For Bail Measures
Topline A federal District Court judge in New York said Friday he was not satisfied with a proposal from prosecutors to restrict former billionaire Sam Bankman-Fried’s internet use while the disgraced...
White House Proposes New Measures Ensuring Safety in the Crypto Market
In response to the market vulnerability, the White House announces safety plans for the investors. The action comes in light of major frauds exposed over time, including the infamous FTX collapse.&nbs...
India Introduces New AML Measures
The Indian government has put the crypto sector under Prevention of Money Laundering Act (PMLA). But is it a signal of greater regulation to come? According to the Ministry of Finance, all Virtual Dig...
Coinbase exec claims Layer-2 Network could include AML measures
Base’s upcoming launch is expected to come with AML features Base is an Ethereum layer-2 network that offers users a secure and convenient way to develop decentralised applications Brian Armstrong, CE...
New Layer-2 Network May Include AML measures, Coinbase CEO Says
Due to this increased watch over the crypto space, many firms have been scrutinized and found non-compliant with specific rules. Coinbase is one of the firms under the radar of financial watchdogs. On...
Coinbase CEO hints its new layer-2 network could include AML measures
Coinbase chief executive Brian Armstrong has hinted that the firm’s new Layer-2 blockchain network Base may be subjected to transaction monitoring and anti-money laundering measures at launch. In an i...
Coinbase’s Base will likely feature transaction monitoring, AML measures
Ad Coinbase CEO Brian Armstrong said on March 6 that his company’s layer-2 network, Base, will likely feature transaction monitoring and anti-money laundering measures. Base will feature compliance me...
BNB sides with bulls as Binance adopts safety measures to combat DeFi hacks
A Joint Anti-Scam Campaign was launched by Binance to combat crypto-related scams. High-profile hacks have eroded customers’ confidence in centralized exchanges. The world’s largest cryptocurrency ex...
Crypto Industry Continues to Experience Hacks and Exploits: Can Increased Security Measures Help?
The crypto industry has been plagued with hacks, fraud, scams, and rug pulls in the past year, with losses totaling approximately $4 billion in 2022 alone. The largest crypto hack of 2022 was the Axie...
Crypto Exchange CEO Criticizes Regulators Over Their Regulatory Measures
The United States Securities and Exchange Commission (SEC) has been cracking down on some prominent crypto firms. The regulator tackled Binance and Kraken crypto exchanges within a very short period. ...
Hong Kong takes measures to get virtual asset operators licensed by SFC
The Securities & Futures Commission (SFC) takes inspiration from the Securities & Futures Ordinance with the difference that the SFC is dedicated to the operators of virtual assets. Hong Kong ...
Janet Yellen Warns of “Extraordinary Measures” to Save Economy. What Does This Mean for BTC?
Bitcoin, Ethereum, and several other forms of crypto have been enjoying something of a rally over the past few weeks. These assets, along with many others, have enjoyed easing market conditions that h...
India to Introduce Measures Around Crypto This Year, Says Government Official – Regulation Bitcoin News
The Indian government is planning to introduce “measures around crypto” this year, according to the country’s Economic Affairs Secretary Ajay Seth. India’s finance minister says cryptocurrency regulat...
EU lawmakers impose stringent measures for banks holding cryptocurrencies – Cryptopolitan
On Tuesday, European lawmakers gave a mandate requiring banks holding cryptocurrencies to abide by more stringent measures. The Parliament’s Economic and Monetary Affairs Committee enforced increased ...
US debt ceiling forces Treasury into ‘extraordinary measures’
The federal government officially reached its $31.38 trillion debt limit on Thursday, prompting the Treasury Department to begin using its “extraordinary measures” to avoid defaulting on t...
Treasury Will Take ‘Extraordinary Measures’ To Prevent Government Default—Here’s What That Means
Topline The federal government could reach its $31.4 trillion borrowing cap as soon as Thursday, Treasury Secretary Janet Yellen warned last week, as she prepares to take “extraordinary measures” to s...
US debt ceiling will require Treasury ‘extraordinary measures’ to avoid default
Treasury Secretary Janet Yellen disclosed the debt bomb on Friday noting the government will reach that ceiling next week on Jan. 19 when the debt balloons to $31.38 trillion. “Once the limit is...
Singapore Takes Big Measures to Protect Crypto Holders
When it comes to risky assets like crypto, Singapore banks are no longer required to hold 1:1 in collateral, but rather 1.25:1. What this means is that for every $1 in cryptocurrency, a financial inst...
OKX enhances user protection with API key security measures
Leading cryptocurrency platform OKX has implemented extensive application programming interface (API) key security protection measures to increase user safety against external threats. OKX introduces ...
Coinbase Fined $50 M for Lax Anti-Money Laundering Measures
Per a report from the New York Times (NYT), crypto exchange Coinbase (COIN) reached an agreement with the New York Department of Financial Services (NYDFS). The company will pay around $100 million to...
Coinbase had “inadequate” AML measures; settles for $100M with NYDFS
Coinbase will pay a penalty of $50 million for failing to comply with the New York Banking Law and other state regulations, according to a press release on Jan. 4. The largest crypto exchange by tradi...
Former DoJ prosecutor urging DeFi platforms to integrate robust security measures
Ari Redbord, a former prosecutor with the US Department of Justice (DoJ), now serving as Head of Legal and Government Affairs at TRM Labs, say hackers are getting more sophisticated. To protect themse...
US SEC may take steep measures against HEX
The U.S. Security and Exchange Commission (SEC) could reportedly take steep measures on HEX, PulseChain, and PulseX’s initial coin offering (ICO). HEX founder accused of fraud Per reports from individ...
Binance takes measures to end attacks; BNB’s on-chain position remains in…
Binance clears the air of doubts about its comprehensive well-being. Futures and options traders hang back on trading BNB. On-chain data shows losses for investors amid recovering deposits. After week...
Pundit Outlines Measures that Could Take Terra Classic To $1
– Advertisement – Among the measures outlined by Classy is a decrease of the several proposals periodically reviewing burn tax rates. Classy Crypto, an anonymous yet notable Terra Classic ...
The New House Financial Services Committee Head Wants To Postpone Crypto Tax Measures
Representative Patrick McHenry, a Republican from the United States, sent a letter to the Treasury Department in which he asked for clarification on a portion of the digital asset tax that had been po...
Central Bank Executive Says Hong Kong Working On Investor Protection Measures
The chief executive officer of the central bank in Hong Kong seemed to have an optimistic perspective on the future of decentralized technology in the wake of the current crypto pandemic; nevertheless...
DoorDash to Lay Off 1,250 Employees in Cost Cutting Measures
DoorDash CEO acknowledged that they were not rigorous in managing team growth. The company has also announced severance benefits to all the departing employees. On Wednesday, November 30, the food del...