UAE Central Bank Tightens AML Rules for Virtual Assets
The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidelines for financial institutions that deal with virtual assets, such as cryptocurrencies and non-fungible tokens (NFTs). The new guidance aims to enhance the regulatory framework and combat money laundering and terrorist financing in the rapidly growing sector. Strengthening the Regulatory Framework The new […]
John Deaton Predicts Bull Run: XRP to Ignite FOMO at $2
Prominent XRP lawyer John E. Deaton shares a bullish outlook for XRP prices, predicting a frenzy once XRP crosses $2. His forecasts align with other crypto analysts who share optimistic views for the digital currency. XRP, the native token of the Ripple network, is trading at around $0.481, down from its all-time high of $3.84 […]
MATIC Signals Bullish Trend After Resistance Break
MATIC, the native token of Polygon, has recovered from its recent decline and surpassed important resistance levels, indicating a possible bullish trend. MATIC, a scaling solution for Ethereum, has shown signs of recovery after a period of decline. The price of MATIC has risen above key resistance levels, hinting at a potential bullish trend. Over […]
Crypto Fuels Fentanyl Ingredient Trade In China
An Elliptic report revealed that Chinese chemical manufacturers accept cryptocurrencies for fentanyl precursors and have received over $27 million in crypto payments. Doctors legally prescribe fentanyl for severe pain, but illegal producers and sellers also offer it as a recreational drug. Fentanyl is highly addictive and can cause fatal overdoses. Most of the fentanyl trafficked […]
Trust Stamp Secures New Patent for Biometric Hashing
Trust Stamp announced that it has received a Notice of Allowance for a patent related to its AI-powered, tokenized-identity products that use biometric hashing for identity verification. Why Biometric Hashing? Biometric hashing is a process that employs neural network processing and pseudorandom matrix multiplication to generate anonymized vector representations of biometrics, such as face, palm […]