Day: November 21, 2023

Binance CEO Changpeng Zhao to resign as part of DOJ settlement: report

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[ad_1] Crypto flips red, with Bitcoin falling below $37k and BNB tanking 7% to $240 amid reports Binance CEO may resign’ A report by Forbes suggest the DOJ will make an announcement to that effect today. The cryptocurrency market was retracing sharply on Tuesday afternoon as reports surfaced that Changpeng Zhao, the founder and CEO of Binance, may step down as part of a settlement with the US Department of Justice (DOJ). CZ’s resignation could be part of DOJ’s anticipated announcement later on Tuesday, according a report by Forbes. Richard…

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Mastercard Partners With Artificial Intelligence Firm To Combat Crypto Fraud

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[ad_1] Payments giant Mastercard is partnering with an artificial intelligence (AI) firm to combat crypto fraud. Mastercard plans to integrate its crypto intelligence solution, CipherTrace Armada, with a platform developed by financial risk management solution Feedzai, according to a recent press release. Feedzai estimates that 40% of scam transactions exit directly from a bank account to a crypto exchange. The AI risk management firm’s platform, RiskOps, analyzes transaction data and aims to prevent fraud and financial crime with AI-based solutions. CipherTrace Armada aims to assist banks, crypto exchanges, wallets and…

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Why this time is different

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[ad_1] A wave of optimism around the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has ignited bullish price action in the crypto market in recent weeks.  But that could be just the beginning: If a spot Bitcoin ETF receives a greenlight by the U.S. Securities and Exchange Commission (SEC), it would mark a major milestone in the history of digital assets. The spot Bitcoin ETF will provide institutional investors with a simple and regulated way to get exposure to Bitcoin with potentially explosive consequences…

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Future3 Campus and TON Foundation Announce Bootcamp for Mini-App Builders in Telegram’s Web3 Ecosystem – CoinJournal

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[ad_1] Zug, Switzerland, November 21st, 2023, Chainwire Future3 Campus, in partnership with The Open Network (TON) Foundation, has today announced the launch of The TON Bootcamp, an incubation program to foster mini-app development within TON’s Web3 ecosystem in Telegram. The 15 selected teams may receive support for integrating into TON’s Web3 ecosystem and stand a chance to get up to USD $500,000 in funding from Future3 Campus. Applications to be selected for The TON Bootcamp are open until December 18, 2023. The TON Bootcamp is a Web2.5 incubator, empowering developers to…

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DOJ Seeks Over $4 Billion from Binance Amidst Years of Legal Challenges

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[ad_1] According to Bloomberg, the United States Department of Justice is attempting to negotiate a settlement to a lengthy criminal investigation by requesting more than four billion dollars from Binance Holdings on behalf of the company. Since at least 2018, the United States Department of Justice has been conducting an investigation into Binance, which is the biggest cryptocurrency exchange in the international market. A significant point has been reached in the federal investigation, which covers a variety of intricate legal and regulatory problems that are associated with Binance’s activities. Internal…

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DOJ seizes $9M worth of Tether linked to crypto scam

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[ad_1] The US Department of Justice (DOJ) has allegedly seized $9 million in the stablecoin Tether (USDT). The funds were linked to a crypto romance and confidence scam called “pig butchering.” On Monday Tether announced it had frozen $255 million linked to a human trafficking scheme. The US Department of Justice (DOJ) has announced the seizure of $9 million in the stablecoin Tether (USDT), the government agency said in a press release on Tuesday. Another Tether news related to a scam follows yesterday’s announcement that the USDT issuer had frozen…

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