US BlockFi Clients Free to Withdraw Funds After Court Order
Numerous US-based clients of the defunct crypto lending firm, BlockFi, have reported being able to access their accounts following a directive from the U.S. Bankruptcy Court. Following an injunction from a U.S. bankruptcy court, many clients of the now-defunct crypto lending company BlockFi have reported being able to withdraw money for the first time in […]
US Congressman Proposes to Ban CBDC
Central bank digital currencies (CBDCs), according to US congressman Warren Davidson, should be outlawed and criminalized. The congressman referred to the Federal Reserve’s initiatives as “building the financial equivalent of the death star” in a tweet on July 23. This suggests that he has serious reservations about the central bank receiving potential power and control […]
eToro Limits Crypto Trading for U.S. Customers Due to SEC Lawsuits
eToro trading platform announces that it will stop offering new positions in four crypto assets for U.S. customers following the SEC’s legal actions against Coinbase and Binance. eToro, a leading social trading platform that offers access to various asset classes, including stocks, ETFs, options, and cryptocurrencies, has decided to limit its crypto offerings for customers […]
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 […]