The verification process on adult platforms can be more cumbersome than Know Your Customer (KYC) checks on cryptocurrency exchanges — though added difficulty doesn’t necessarily reflect stronger compliance. Signing up as a model on OnlyFans or Pornhub isn’t all that different from opening an account on a crypto trading platform. The process often begins with…
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Bitcoin snapped a three-year streak of negative summer average returns, but it now enters its worst month, known as “red September.” September carries the dreaded nickname because it has delivered the lowest monthly returns for Bitcoin (BTC), averaging –3.77% across 12 years from 2013. It is also the month China imposed a pair of major…
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The number of Bitcoin (BTC) treasury firms keeps on climbing, but announcing a BTC strategy is no longer a guaranteed way to pump a company’s share price. The model was pioneered by Strategy (formerly MicroStrategy), now the world’s largest publicly traded corporate holder with 632,457 BTC at the time of writing. Since its first purchase…
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Crypto funds and market makers are buying tokens at steep discounts through private over-the-counter deals and hedging them with shorts, locking in double-digit returns while retail traders take the risk. Venture capitalists, funds and market makers can often secure allocations at roughly a 30% discount with three- to four-month vesting, then hedge by shorting the…
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The cryptocurrency industry is abuzz with speculation after recent reports suggested China may soften its stance on a yuan-backed stablecoin, but law experts caution against overinterpreting the news. Reuters reported Wednesday that Beijing is considering approving a stablecoin pegged to the renminbi as part of a roadmap to boost the currency’s internationalization. It was the…
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A crypto lobby group claims that the US is back on track to lead the cryptocurrency industry after the White House’s latest crypto report called for the nation’s finance regulators to align on digital assets. The report, released last week, marks a possible end to the long-standing turf war between the Securities and Exchange Commission…
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The “stripper index” — an anecdotal measurement that connects economic health with spending on adult entertainment — appears unable to predict Bitcoin’s (BTC) price. Kodi Rose, a self-described “dollar stripper” and adult content creator, alluded to these frontline insights in a recent viral TikTok video, saying she believes the economy is already in a recession…
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A hacker-turned-defender warns that most of the industry is asleep on crypto’s existential threat: quantum computing. David Carvalho, CEO of post-quantum infrastructure firm Naoris Protocol, began hacking at the age of 13, experimenting with spam emails to attract job offers and gain attention from employers. Eventually, that curiosity shifted into formal cybersecurity work, where he…
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Tornado Cash co-founder Roman Storm is set to stand trial on Monday in the Southern District of New York (SDNY) on federal charges that could put him behind bars for more than 40 years. Prosecutors allege he conspired to launder money, violated US sanctions and operated an unlicensed money-transmitting business stemming from his role in…
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Major centralized exchanges (CEXs) have been exposed to nearly $1 billion in USDt transfers linked to wallets associated with Huione since its illicit marketplace was supposedly shut down, according to new data from Global Ledger. On May 1, the US Financial Crimes Enforcement Network (FinCEN) designated Huione as a primary money laundering concern under the…
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