EU Commission Plans to Criminalize AI-powered Child Sexual Abuse
The European Union Commission has announced its contemplation of criminalizing deepfakes and imagery generated by artificial intelligence (AI) that depict child sexual abuse (CSA) as part of its efforts to update legislation in light of technological growth. The proposition entails the creation of a novel criminal offense about the live-streaming of child sexual abuse. Additionally, […]
DCG Says Genesis Bankruptcy Plan Overpays Customer
Genesis Capital’s parent company, Digital Currency Group (DCG), has objected to the lender’s bankruptcy plan, asserting that it contravenes the Bankruptcy Code and plans to pays creditors way more money than the amount of the petition. Genesis, a subsidiary of DCG, allegedly intended to pay its clients over what the law authorizes. On February 5, […]
Binance Announces Monero Delisting, Price Falls to 5-Month Lows
Privacy-focused cryptocurrency Monero has plummeted to to 5-month lows levels in response to Binance’s impending delisting of the token from its platform. On February 20, 2024, Binance will delist Monero in addition to Aragon (ANT), Multichain (MULTI), and Vai (VAI), the exchange announced on February 6. The delisting will lead to the elimination of all […]
South Korea Prosecutors Arrest Haru Invest Execs
Several executives affiliated with the troubled cryptocurrency yield platform Haru Invest, which halted withdrawals in June 2023, have been arrested and detained by South Korean prosecutors. Yonhap, a local news agency, reported on February 6 that the virtual asset crime investigation branch of the Seoul Southern District Prosecutors Office had arrested three key individuals responsible […]
FTX, Alameda-Linked Wallets Transfer $38.8M Worth of Digital Assets
Since January 2024, cryptocurrency wallets associated with the defunct FTX exchange and its subsidiary, Alameda Research, have transferred over $38.8 million of digital assets to multiple other cryptocurrency exchanges. Wallets affiliated with both organizations transferred a minimum of $7 million to exchanges in February, according to data tracking by blockchain analytics firm PeckShield. On February […]