US AML watchdog wants info on all international crypto transactions over $250

The proposed change would cut down FinCEN’s longstanding $3,000 threshold. The Financial Crimes Enforcement Network (FinCEN) and Federal Reserve are looking to get more information on smaller transactions than ever before.  According to a notice of proposed rulemaking published on Friday, the agencies want to lower the $3,000 threshold established in 1995 to $250 for international transactions, […]

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South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers

Can anyone hold North Korea responsible for its attacks on the crypto industry? There has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges. Recently, South Korea’s financial watchdog made it clear that they do not see this issue as any of their […]

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Binance VC arm leads $1.3M raise for decentralized streaming protocol

Decentralized music sharing service Audius has raised nearly $10 million so far. Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm. According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music […]

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Quantstamp will audit the entire blockchain of a new DeFi project on Polkadot

Quantstamp’s audit is crucial to ensure a smoothly operating blockchain. One of the first audits of a decentralized finance project connected with the Polkadot (DOT) blockchain is set to be carried out by blockchain security firm Quantstamp.  The project, Equilibrium, had first announced its plans to develop an interoperable protocol on Polkadot in summer of this year. […]

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