Four United States senators have written to Federal Trade Commission (FTC) Chair Lina Khan requesting information on efforts taken by the FTC to track the use of artificial intelligence (AI) in scamming older Americans. In the letter addressed to Khan, U.S. Senators Robert Casey, Richard Blumenthal, John Fetterman and Kirsten Gillibrand highlighted the need to…
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Two brothers, responsible for the theft of $8.5 million from decentralized finance (DeFi) protocol Platypus, were allowed to walk free with no repercussions by a French court. On Feb. 16, hackers managed to drain and move $8.5 million from Platypus through a flash loan attack, forcing the protocol to suspend trading services until a resolution…
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Crypto mining companies Hut 8 Mining Corp. and US Bitcoin Corp (USBTC) have combined operations in an all-stock merger of equals to form a new United States-domiciled entity named Hut 8 Corp (New Hut). On Nov. 30, Canadian Bitcoin (BTC) mining facility Hut 8 Mining Corp announced an all-stock merger with USBTC, which has been…
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A consultation paper on a new framework for addressing consumer and business scams proposed by Australia’s Department of the Treasury considers applying sector-specific codes and standards to banking and cryptocurrency scams, among others. The paper adds to the efforts of the Australian Competition and Consumer Commission (ACCC) to combat scams via the annual Scams Awareness…
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Spanish financial services giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH). On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a new Bitcoin and Ether trading service for clients with Swiss accounts. A Santander spokesperson told Cointelegraph that…
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An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH). Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. ETH…
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Crypto investment platforms eToro and M2 received various degrees of approval from Abu Dhabi Financial Markets Authority (ADGM) to offer their services in the United Arab Emirates. eToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broker for securities, derivatives, and crypto assets. Cryptocurrency exchange M2, on…
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Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold, and silver as inflation threatens to worsen living standards globally. The price of gold recently crossed $2,000 per ounce, marking a steady recovery amid the weakening value of fiat currencies. As a…
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In response to the feedback received on its proposed Digital Payment Token (DPT) regulations, the Monetary Authority of Singapore (MAS) laid down measures for DPT service providers to discourage speculation in cryptocurrency investments. The de-facto central bank of Singapore, MAS, announced five ways DPT service providers can help retail clients avoid price speculation. DPT service…
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Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an X (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders. Over the last 12 months, leaders of major crypto exchanges, such as FTX and Binance, have come under federal scrutiny by United States government agencies for allegations…
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