Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

[ad_1] The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the advantages of digitalization.The project leveraged the central banks’ diverse experience to incorporate a number of predefined policy, security, technology

Bankman-Fried’s request for temporary release denied amid upcoming trial

[ad_1] Former FTX boss Sam Bankman-Fried will likely remain behind bars while until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release.Judge Lewis A. Kaplan explained on Sept. 12 that Bankman-Fried's lack of internet access in prison to prepare for his upcoming trial wasn't a sufficient ground to grant his temporary release."Whatever time pressure defendant now claims to face given the

Bitcoin derivatives data suggests BTC price holds the current range

[ad_1] Bitcoin (BTC) experienced a 5% increase after testing the $25,000 support level on Sept. 11. However, this breakout rally doesn't necessarily indicate a victory for bulls. To put today’s price action in perspective, BTC has witnessed a 15% decline since July. In contrast, the S&P 500 index and gold have maintained relatively stable positions during this period. This underperformance demonstrates that Bitcoin has struggled to gain momentum, despite significant catalysts

Gary Gensler confirms SEC’s use of AI for financial surveillance

[ad_1] United States Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation. [embed][/embed]Gensler gave a public speech before the National Press Club on July 17 wherein he laid out the case for integrating AI technologies into the SEC’s surveillance scheme, but until

OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering

[ad_1] Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced to 20 years in prison and ordered to pay $300 million in the United States on Sept. 20. Ignatova remains at large.Greenwood, who is a citizen of the United Kingdom and Sweden, was sentenced in the U.S. Southern District Court of New York. In a statement by the U.S. Justice Department, U.S. Attorney Damien Williams called OneCoin “one of the
Bitcoin News

LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem

[ad_1] AdvertismentDubai, UAE, September 12th, 2023, Chainwire Unveiling a new era in cryptocurrency trading, LeveX brings to the fore an unprecedented integration of social trading into its platform, fostering a vibrant and connected trading community. Beyond this landmark feature, LeveX also offers a plethora of innovations, enhancing the trading experience like never before. LeveX: A Leading Edge in Cryptocurrency Exchanges At its heart, LeveX presents itself as a superior cryptocurrency

Petition hopes to stop US government agencies from using Chainalysis’ forensics

[ad_1] A petition was created on on Sept. 12 to oppose the use of Chainalysis forensic services by federal agencies. The petition questioned Chainalysis’ accuracy and raised legal issues related to the activities of the blockchain data analysis firm. The petition, started by “Stop Chainalysis,” stated that Chainalysis’ software assists law enforcement crime prevention efforts “by linking the real world to crypto payments.” It stated:“It is our belief that the

NYU law professors argue ‘personal growth bets’ using smart contracts should be legal

[ad_1] New York University School of Law professors Max Raskin and Jack Millman recently published a paper in the Journal on Emerging Technologies discussing the legalities surrounding the use of blockchain-based smart contracts for the purpose of ‘personal growth bets.’ According to the duo, personal growth bets are single-party contracts that a person would engage in with themselves. The purpose of these contracts would generally be for the purpose of self

Bitcoin data highlights 3 key reasons why investors don’t care about BTC price

[ad_1] Much has been made of Bitcoin’s (BTC) poor price action as of late, with many analysts making the case for further bearish momentum in the weeks ahead.Yet it wasn’t too long ago that many investors and crypto pundits were raving about some note-worthy fundamental metrics that were, and continue to be, quite bullish.Let’s take a look at three Bitcoin metrics that bulls might keep in mind.Bitcoin’s hashrate hovers near

CoinEx exchange suspected of being hacked as $27M worth of crypto moved

[ad_1] On Sept. 12, crypto exchange CoinEx experienced abnormally large outflows to an address with no prior history, leading security experts to suspect the exchange was hacked. Blockchain security platform Cyvers Alerts has estimated the losses to be approximately $27 million.Red CodeOur AI-powered model detected suspicious transactions related to @coinexcom 2 hours agoThe potentially stolen funds amount to $18.12M #Eth $8.5M #Tron and $291K in #PolygonPossible causes: access control violations,