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Italy Proposes Stringent Measures to Tackle Crypto Market Manipulation


Italy is taking steps to enhance surveillance of crypto assets and address associated risks. According to a draft decree reviewed by a news agency, the plan includes imposing high fines on those who manipulate the market. The fines range from $5,400-$5.4 million (€5,000 to €5 million) for offenses...

zkSync faces criticisms for anti-Sybil measures in token distribution


zkSync is attracting criticism from across the industry. Many are saying that the layer-2 scaling solution based on Ethereum lacked sufficient measures against Sybil attacks. Allegations have come at a time when zkSync has its focus on token airdrop. The allegation is that while it has listed seven...

Solana implements drastic measures against sandwich attacks


Solana, one of the leading blockchain platforms known for its high-speed transactions and low fees, has announced a series of drastic measures aimed at enhancing network stability and security. This move comes in response to recent challenges that have tested the resilience of the Solana ecosystem...

Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover


Bitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted takeovers. Riot Platforms Inc., which owns 11.62%...

Baroness’ Letter Sparks Debate on UK’s AI Market Competition


The UK government faces pressure to address copyright concerns and promote fair competition within the UK’s AI Market Competition. Learn about the challenges posed by generative AI, the role of Big Tech companies like Amazon and Microsoft, and the ongoing efforts to ensure a thriving and ethical AI ...

South Korea to Make Temporary Crypto Investigative Unit Permanent


South Korea is taking decisive measures to combat the surge in cryptocurrency-related crimes and fraud cases by moving to establish its temporary crypto investigative unit as a permanent entity. The post South Korea to Make Temporary Crypto Investigative Unit Permanent appeared first on Cryptonews

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