Paxful co-founder Artur Schaback pleads guilty to conspiracy to fail to maintain an effective anti-money laundering program.
Schaback faces up to five years in prison and will face sentencing on November 4.
The guilty plea stems from Schaback’s actions between July 2015 and June 2019.
Paxful exposed to criminal activities and money laundering due to AML and KYC negligence.
Schaback to pay a $5 million fine in installments.
T…
Institutional investors are buying the dip, pouring millions into Bitcoin ETFs.
This trend signals a growing confidence in Bitcoin’s long-term value among major players.
Solana and Ethereum are also gaining traction, diversifying institutional crypto portfolios.
Bitcoin ETFs Rebound as Institutions Seize Buying Opportunity
Institutional investors are not shying away from the recent Bitcoin price dip. Instead, they are seizing the…
In a significant development in the cryptocurrency and technology sectors, private equity firms are increasingly eyeing Bitcoin miners as potential partners in the rapidly expanding field of artificial intelligence (AI). This trend has been highlighted by a recent deal between Core Scientific and CoreWeave, which has sparked a wave of interest and investment in the Bitcoin mining industry.
The Core Scientific-CoreWeave Deal: A Game Changer…
3AC’s wallet successfully purchased a “Neon Village” NFT for 20 ETH ($60,000) during liquidation proceedings.
The bid was placed in August 2021 and overlooked by Teneo, the company handling the liquidation.
3AC filed for Chapter 15 bankruptcy in July 2022 due to liquidity issues following the collapse of the Terra ecosystem.
The incident highlights the need for better oversight and management of assets during liquidation proceedin…
Web3 apps reach an all-time high of 10 million daily active users.
Social sector sees a 66% increase in dUAW.
NFT marketplaces experience a surge in trading volume.
TVL in decentralized finance applications sees a decline.
The future of Web3 is bright, with continued growth and innovation expected.
In an exciting turn of events, the decentralized application (dApp) industry has reached a new peak, with daily active users so…
