Taiwan To Implement Strict Crypto AML Regulations on Nov. 30
The AML rules were set to go into force next year, but recent breaches have spurred the FSC to speed up its implementation. Taiwan’s Financial Supervisory Commission (FSC) is set to enforce new anti-money laundering (AML) rules for cryptocurrency service providers starting November 30. These regulations require crypto exchanges and virtual asset service providers (VASPs) to register […]
SHIB Burn Soars 7400% As Exec Burns 80M Coins, Shiba Inu Eyes $0.0004
The SHIB burn rate jumped 7,400% in the past week, as nearly 2 billion tokens were destroyed. Shiba Inu price to rise $0.0004? Shiba Inu (SHIB) is drawing renewed attention from market watchers as its weekly burn rate surged dramatically by 7,400%, fueled by the destruction of nearly 2 billion SHIB tokens. Enthusiasts are now eyeing the possibility of the […]
Binance CMO: Memecoin Listings Come with No Guarantees
Binance CMO Rachel Conlan says that “community feedback and input” are crucial considerations for crypto exchanges when determining which cryptocurrencies to list, but nothing is “guaranteed.” The recent rise in memecoin popularity has heightened pressure on cryptocurrency exchanges to scrutinize projects and protect users, according to Binance’s chief marketing officer, Rachel Conlan. Due Diligence on Listings […]
David Marcus: Political Pressure Killed Facebook’s Libra Project
Gemini co-founder Cameron Winklevoss revealed that US Secretary Janet Yellen’s decision to close Facebook Libra was a political witch hunt. David Marcus, the former head of Facebook’s now-defunct Libra stablecoin project, later renamed Diem, disclosed how the Biden administration halted its progress despite meeting all regulatory requirements. In his post titled “How Libra Was Killed,” […]
HYPE Token Soars 60% After Hyperliquid’s Billion-Dollar Airdrop
On November 29, Hyperliquid distributed over 300 million HYPE tokens to eligible community members. Decentralized finance (DeFi) protocol Hyperliquid has achieved one of the largest airdrops in history. During its genesis event on November 29, the protocol distributed 310 million HYPE tokens to its community. At launch, the HYPE token was priced at $3.90, valuing […]