Crypto

Source: Bitcoinist The turbulent UK cryptocurrency landscape sees the Financial Conduct Authority report that 87% of crypto registration applications failed in the last fiscal year. This is a staggering fact that brings up very serious questions concerning the effectiveness of anti-money laundering controls in the industry. Only four out of 35 applications were approved, underlining…

Source: Coin Tegraph According to a recent FBI warning, North Korean hackers are “aggressively targeting” the crypto industry with “well-disguised” attacks. Read Full Article

Source: Bitcoinist The Shiba Inu team has announced two major milestones that promise to enhance the utility and dynamics of its network. Shibarium, Shiba Inu’s Layer 2 solution, has successfully achieved a substantial milestone in NFT minting. Concurrently, K9 Finance, the ecosystem’s official staking solution, is set to launch a staking solution for BONE after…

Source: Coin Tegraph This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan. Read Full Article

Source: Bitcoinist The US Treasury Department is intensifying its efforts to regulate crypto transactions linked to terrorist organizations, notably Hamas, as it seeks to address national security risks associated with virtual assets.  According to a recent Bloomberg report, Treasury officials revealed they are investigating approximately $165 million in cryptocurrency transactions believed to support Hamas, a…

Source: Coin Tegraph Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July. Read Full Article

Source: Bitcoinist Shiba Inu is one of the altcoins that have been hit, especially in the crypto market crash, seeing a substantial decline from its 2024 highs. However, this has not deterred community members from their mission of trying to reduce the meme coin’s supply through burning. Over the last day, there has been a…

Source: Coin Tegraph The CFTC’s director warned that other DeFi ecosystems may also be fined for offering illegal trading services, while Polygon’s native token executed a key technical upgrade. Read Full Article

Source: Bitcoinist Input | Output, the research and engineering entity behind Cardano, along with Hedera, have been named the final founding members of the Decentralized Recovery (DeRec) Alliance, a new coalition aimed at fostering interoperability and enhanced security across the crypto industry. The alliance, established by leaders within the Hedera and Algorand ecosystems and formalized…

Source: Coin Tegraph With Lula supporting Moraes and the Bar Association challenging the decision, Brazil’s Supreme Court must decide X’s fate amid free speech concerns. Read Full Article