Author: e_cash_top

[ad_1] The U.S. government has raised concerns about digital asset companies failing to address the flow of illicit funds in the industry adequately. In an Oct. 27 speech delivered at London’s Royal United Services Institute, Wally Adeyemo, the U.S. Deputy Treasury Secretary, pointed out that some companies in the crypto industry are primarily focused on…

[ad_1] The dYdX Foundation has launched the dYdX Chain mainnet, a significant development that enhances the utility of the DYDX token in the realms of staking, security, and governance. This proof-of-stake network, built using the Cosmos SDK, positions DYDX as its Layer 1 token, further cementing its role in the dYdX Chain. According to information…

[ad_1] Lido DAO has distanced itself from LayerZero’s rollout of a wstETH bridge on Avalanche (AVAX), BNB, and Scroll. In an Oct. 26 statement, the staking protocol said the bridge was “not canonical and has not been audited or endorsed by the Lido DAO.” “Please exercise extreme caution if you choose to interact with the…

[ad_1] Quick Take The United States PCE Price Index reveals a generally stable financial landscape, with most figures aligning with expectations. A fine-grained analysis, however, unveils some notable nuances. The Core PCE Price Index MoM stood at 0.3%, completely mirroring the consensus, which projects a climate of steady inflation. Personal Income MoM, interestingly, slightly underperformed,…

[ad_1] Quick Take The Bitcoin market is currently witnessing pivotal changes in its liquidity dynamics. With the illiquid supply reaching an all-time high at 15.3 million BTC, representing approximately 78% of the Bitcoin circulating supply, it suggests a growing pool of holders committed to their long-term Bitcoin investments. Concurrently, the liquid supply has retraced to…

[ad_1] In a proactive move against the potentially catastrophic risks posed by frontier AI technology, OpenAI is developing its approach to risk preparedness, featuring establishing a new team and launching a challenge. As OpenAI reported on Oct. 2023, this initiative is aligned with its mission to build safe Artificial General Intelligence (AGI) by addressing the…

[ad_1] Blockchain analyst ZachXBT has highlighted that several Trezor hardware wallet users are receiving phishing emails, raising concerns about potential data breaches at the hardware wallet company. Users, taking to social media platforms like Reddit and X (formerly Twitter), have reported receiving suspicious emails that direct them to a fake Trezor website, urging them to…

[ad_1] The global push for central bank digital currencies (CBDCs) faces a compelling challenge: the necessity of private-sector collaboration to ensure their widespread acceptance, Nikkei Asia reported Oct. 26. According to the report, CBDCs have emerged as a potential alternative to fiat and other digital currencies to increase financial inclusion and enhance efficiency in the…

[ad_1] U.S. lawmakers are pressuring the Justice Department to investigate Binance and Tether for allegedly facilitating substantial illicit financing to terrorist groups, including Hamas. In a letter to Attorney General Merrick Garland, Sen. Cynthia M. Lummis (R-WY) and Rep. French Hill (R-AR) called for “decisive action” if the firms are found complicit. Senator Lummis wrote…

[ad_1] SBF’s trial resumed on Oct. 27, with the former billionaire taking the stand in the latter half of the day after the prosecution’s final witness in the case was excused. The hearing began with the prosecution bringing their witness — FBI agent Mark Troiano — to the stand to primarily provide insights into the…