BitGo Terminates Plans to Buy Prime Trust
Digital assets custodian BitGo has decided to cancel its planned acquisition of crypto custody platform Prime Trust. BitGo expressed that this decision was not taken lightly and emphasized its continued dedication to providing trust in digital assets. The termination of the agreement came two weeks after BitGo announced its letter of intent to buy Prime […]
Google Launches AI-Powered Anti Money Laundering Product
Google Cloud has launched Anti Money Laundering AI (AML AI), an AI-powered product to assist global financial institutions. AML AI utilizes machine learning to develop risk profiles, track transactions, and analyze data. Instead of relying on manual rules, the AI transaction monitoring provided by AML AI uses financial institutions’ data to train advanced ML models, […]
Gods Unchained hits Epic Games Store ahead of mobile expansion
Gods Unchained, a web3 digital trading card game developed by Immutable Games, has gained a larger audience with its recent release on the popular Epic Games Store. The store has a user base of 230 million and 34.3 million daily active users as of 2022, which significantly expands the potential player base for Gods Unchained. […]
TrueUSD Assures Clients Regarding Prime Trust
TrueUSD asserted on Twitter that its TUSD stablecoin had “no exposure” to troubled Prime Trust, reportedly confronting regulatory problems. Based in Nevada, Prime Trust reportedly ceased all fiat and cryptocurrency deposits and withdrawals in response to state financial regulators’ orders. As a result of the abrupt disruption, several customers now find themselves in a predicament, […]
XRP Attorney Recalls Gary Gensler’s Interview for ‘Crypto Blueprint’
Gary Gensler made some remarks regarding the widespread adoption of cryptocurrencies in an interview from the past. In response to claims that ‘the great accumulation of Bitcoin’ has begun, traders have investigated how the U.S. Securities and Exchange Commission (SEC) treated crypto-native enterprises in the past. This comes after corporate titans in the United States […]