The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its know-your-customer (KYC) procedures comply with Japan’s strict regulations. Liquid to Provide Binance Japan With AI-Based KYC Solution Binance, the largest crypto exchange in…
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Worldcoin project has remained controversial right from its announcement and is currently facing regulatory trouble in multiple jurisdictions where it has launched. The iris-scanning crypto project Worldcoin has now made it possible for even unverified customers to reserve their Worldcoin (WLD) tokens. In an announcement on Aug. 11, the Worldcoin project noted that the World App…
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The regulatory body asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns. Legal proceedings have been initiated by the Commodity Futures Trading Commission (CFTC) against individuals and their organization, Fundsz, citing their involvement in a deceptive scheme concerning cryptocurrencies and precious metals trading. Rene Larralde from Melbourne, Florida, Juan…
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The platform further emphasizes its current priority, which revolves around assessing the proportional portions of each impacted user. Curve Finance, a decentralized finance (DeFi) platform for lending stablecoins, has officially stated its intention to reimburse users who were impacted by the recent breach resulting in a $62 million loss from the system. According to a…
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The company entered into a $150 million share purchase agreement with B. Riley Financial on Aug. 10. Bitcoin miner Bitdeer Technologies, a firm spun off from prominent Bitcoin application-specific integrated circuit (ASIC) manufacturer Bitmain, recorded a net loss of $40.4 million in the second quarter of 2023, up from a net loss of $15.6 million…
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Cointelegraph analyst and writer Marcel Pechman explains why the downgrading of U.S. government debt will negatively impact the price of Bitcoin over the next few months. On this week’s episode of Macro Markets, Cointelegraph analyst and writer Marcel Pechman explores the United States debt downgrade by Fitch Ratings. According to Pechman, this change signaled diminished…
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The San Diego State University team uncovered nearly a million dollars were scammed from victims via the Lists feature on Twitter — now called X. Researchers from San Diego State University in California developed an artificial intelligence (AI) system to identify, track and expose free cryptocurrency giveaway scams on X (formerly Twitter). Called GiveawayScamHunter, the…
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The football club has been keen on creating nonfungible token collections for much of the past year. Spanish soccer club FC Barcelona has secured a 120 million euro ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Vision. According to the Aug. 11 announcement, FC Barcelona sold…
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U.S. inflation metrics saw a notable rise recently, with the Consumer Price Index (CPI) experiencing a 3.2% increase over the past year leading up to July. Despite the financial development indicated by this data released by the Bureau of Labor Statistics (BLS) on Thursday, the performance of Bitcoin and Ethereum has been relatively lackluster, with…
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The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for or obtain a license. Hong Kong’s SFC Threatens Crypto Exchanges…
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