Blockchain

The U.K.’s Financial Conduct Authority (FCA) has added crypto exchange Poloniex to its warning list of non-authorized companies. The Seychelles-based exchange is one of the three companies owned by or related to entrepreneur Justin Sun, that have cumulatively suffered four hacks in the last two months. The warning to Poloniex was published on the FCA’s
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IBM announced the unveiling of its 1,121-qubit “Condor” quantum computing processor on Dec. 4th. This is the company’s largest by qubit count and, arguably, the world’s most advanced gate-based, superconducting, quantum system. Alongside the new chip, IBM delivered an updated roadmap and a trove of information on the company’s planned endeavors in the quantum computing
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“As part of the settlement, CZ cannot be involved in the day-to-day running of the company’s operations,” Richard Teng explains. Despite that, the incumbent CEO of Binance cuts the figure of a man reveling in the challenges ahead. Speaking to Cointelegraph just two weeks after taking over from outgoing CEO Changpeng ‘CZ’ Zhao, Teng seems
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According to United States cybersecurity firm Recorded Future, North Korean hackers have stolen around $3 billion in cryptocurrency since 2017, with more than half of that amount stolen in the past year alone. Recorded Future indicated in a recent report that the amount of stolen crypto equates to approximately half of North Korea’s entire military expenses for
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The legal duel between the United States Securities and Exchange Commission (SEC) and Kraken, a leading cryptocurrency exchange, looks like another misguided attempt by the SEC to exert control over an industry that fundamentally challenges an outdated regulatory playbook. The agency’s lawsuit, filed in November, accuses Kraken of operating as an unregistered securities exchange. The
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Elon Musk made some of his boldest claims yet concerning the future of artificial intelligence (AI) during an interview with CNBC’s Andrew Ross Sorkin. During a wide-ranging interview, Musk responded to questions concerning recent lawsuits levied against some of the billionaire’s competitors in the AI space related to alleged copyright infringement. Related: Elon Musk launches
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The Central Bank of Solomon Islands has launched a proof-of-concept for a central bank digital currency called Bokolo Cash. Japanese blockchain Soramitsu is providing support. Bokolo Cash will be worth one Solomon Islands dollar. Project participants can use it in retail settings in the island nation’s capital Honiara and for person-to-person transfers. Wholesale transfers between
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Crypto firm Paxos has secured in-principle approval from Abu Dhabi’s regulator on two fronts: to issue stablecoins and conduct digital asset services. In a Nov. 29 announcement, Paxos said the Financial Services Regulatory Authority in the Abu Dhabi Global Market had granted in-principle approval for the company to issue U.S. dollar-backed stablecoins, as well as
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Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exchange Binance. A Nov. 27 filing to a Florida District Court claimed Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with
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