Author: e_cash_top
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Kuwait imposes ‘absolute ban’ on virtual assets to combat money laundering risks
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bankrupt FTX sues Sam Bankman-Fried for $71M to recover ‘political capital’ payments
[ad_1] Bankrupt exchange FTX filed a lawsuit against Sam Bankman-Fried, FTX Foundation, and several other entities to recover over $71 million, according to a July 19 court filing. FTX alleged that Latona, a sham non-profit company in the Bahamas, in compliance with the FTX Foundation, took over $71 million in commingled funds from Alameda and…
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Push Protocol announces web3 Twitter Spaces competitor ‘Push Spaces ‘
[ad_1] Push Protocol, the web3 messaging project, announced the launch of its innovative, decentralized, community-based streaming solution, Push Spaces, at EthCC. This introduction marks a notable step towards a future of improved online communication, which the company believes will revolutionize how web3 users interact. Harsh Rajat, co-founder and lead of Push Protocol, told CryptoSlate, “Our…
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Conflux partners with WorldMobile as WMT token bridges outside of Cardano, CFX up 3%
[ad_1] A new partnership between Conflux Network (CFX), China’s first regulatory-compliant public blockchain, and World Mobile, a global mobile network based on blockchain, aims to expand blockchain-based mobile access. The collaboration follows the successful launch of Conflux’s BSIM, which saw its CFX token surge over 100%. It focuses initially on four key strategic areas: Public…
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Tesla reports no change to $184M Bitcoin holdings amidst record $25B revenue
[ad_1] Tesla reported no change to its digital asset holdings during its Q2 2023 investor report, as seen in its shareholder deck on July 19. That document indicates that Tesla held $184 million worth of digital assets on June 30, the same amount that it held at the end of March 2023 and December 2022.…
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An indecisive options market keeps Bitcoin flat
[ad_1] Bitcoin (BTC) has been locked in a tight trading range, fluctuating between $30,000 and $31,000. While some on-chain metrics show that this ongoing sideways movement has been observed before Bitcoin’s previous bull runs, there is little to indicate that a significant shift could happen soon. Graph showing Bitcoin’s price in July 2023 (Source: CryptoSlate…
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Apple developing its own AI chatbot as an internal tool
[ad_1] Apple is developing artificial intelligence (AI) tool including a chatbot that is similar to ChatGPT, Bloomberg reported on July 19. Company members have reportedly been working on an internal framework for large language models called “Ajax” since 2022. That development in turn led to the creation of an AI chatbot that is internally referred…
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Societe Generale subsidiary receives France’s first crypto services license
[ad_1] Société Générale subsidiary Forge has become the first entity to obtain a crypto services license in France, according to a July 19 announcement. The company is the blockchain subsidiary of France’s third-largest bank, Société Générale. It is currently the only firm to hold France’s digital asset service provider (DASP) license, which is offered by…
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Terraform Labs appoints Chris Amani as CEO to replace Do Kwon
[ad_1] Terra and Luna creator Terraform Labs has appointed a new CEO in an effort to make a recovery, the Wall Street Journal reported on July 20. Chris Amani, who has been with Terraform Labs since 2021, initially serving as COO and later CFO, has now been appointed as the company’s CEO. He succeeds the…
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DeFi bill introduced in Senate would hold major investors responsible for illegal use
[ad_1] Senators Jack Reed (D-RI) and Mark Warner (D-VA) have introduced a new bill that aims to combat illicit financial activity like money laundering and terrorism financing in decentralized finance (DeFi), Bloomberg News reported on July 19. The legislation stipulates that any violations or illegal transactions on a DeFi protocol should be punished to discourage…