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Bitfinex Case Defendant Credits Bitcoin Fog in Laundering Scheme: Bloomberg


The Bitfinex Case Defendant, Ilya Lichtenstein, has taken the stand as a witness for federal prosecutors in the trial of Bitcoin Fog, a mixing service associated with concealing illicit assets. The post Bitfinex Case Defendant Credits Bitcoin Fog in Laundering Scheme: Bloomberg appeared first...

U.S. Republican Senators Renew Efforts to Block CBDC Implementation


US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches....

Atlanta Federal Reserve Warns Banks About Crypto Risks


Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptocurrencies. The post Atlanta Federal Reserve Warns Banks About Crypto Risks appeared first on Cryptonews

Republican Senators Propose Legislation to Prohibit CBDC: The Hill


U.S. GOP legislators have proposed a bill to ban Federal Reserve-backed central bank digital currencies, citing concerns over privacy and government access to citizens’ spending data. The post Republican Senators Propose Legislation to Prohibit CBDC: The Hill appeared first on Cryptonews

FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report


Bankrupt cryptocurrency exchange FTX has been permitted to sell its shares in the artificial intelligence firm Anthropic, according to an issue ordered by U.S. Federal Judge John Dorsey on Thursday, reports Reuters. The post FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report appeared...

FTC Updates Rules to Address AI Deepfake Threats to Consumer Safety


The US Federal Trade Commission (FTC) proposed making new updates on an artificial intelligence (AI) deepfake rule on February 16. The government agency said the proposed rule changes would protect users from AI impersonations. According to the ‘Rule on Impersonation of Government and Businesses’...

USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor


The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in Nassau, Bahamas on Thursday, Waller said that decentralized finance (DeFi) could actually boost dollar dominance. He stressed...

Digitex CEO Charged for Illegally Operating Crypto Futures


Digitex crypto futures exchange CEO Adam Colin Todd willfully failed to include adequate anti-money-laundering (AML) program, Florida federal court alleged. The US Attorney’s Office for the Southern District of Florida said in a statement Tuesday that the offender “willfully caused Digitex Futures...

FOMC Likely to Keep Rates Unchanged in March After Hot Inflation Report


Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished...

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