Binance’s new compliance obligations include cooperation to grant U.S. authorities access to all documents, records and resources upon request. Binance compliance commitments with the United States Department of Justice (DOJ) were unsealed on Dec. 8, revealing a significant government oversight of the crypto exchange operation and business activities. In an analysis shared on X (formerly...Continue Reading

Binance’s CZ will have to wait for his sentencing in the United States, the U.S. Congress passed a bill supporting blockchain, and Elon Musk’s xAI seeks $1 billion in capital. Binance founder Changpeng CZ Zhao has been ordered to stay in the United States until his sentencing in February, with a federal judge determining theres...Continue Reading

Tether is expanding control sanctions to the secondary market in an effort to cooperate with regulators in the United States. Stablecoin issuer Tether has announced another step toward cooperation with law enforcement and regulatory agencies by initiating a voluntary wallet-freezing policy, according to a blog post on Dec. 9.  Since Dec. 1, Tether has been...Continue Reading

A bug on an Immediate-or-Cancel order led to the drainage of nearly $700,000 from Lifnity’s LFNTY-USDC pool. Decentralized exchange (DEX) Lifinity had its LFNTY-USDC pool drained by an arbitrage bot on Dec. 8. According to Lifinity’s Discord channel, an unexpected response to a failed trade caused the $699,090 loss. A Lifinity’s core member known as...Continue Reading

Bitcoin analysis suggests that all may not be well for BTC price strength as altcoins make their move. Bitcoin (BTC) risks “rolling over” to cancel its latest uptrend, new analysis warns as altcoins surge. In a post on X (formerly Twitter) on Dec. 9, popular analyst and social media commentator Matthew Hyland flipped cautious on...Continue Reading

Unwrap the magic of how blockchain reshapes the landscape of Christmas giving, bringing innovation and efficiency to the age-old tradition. From enhancing transparency and trust in charitable donations to introducing the concept of tokenized gifts, blockchain is infusing a new spirit into the season.  As the festive lights begin to twinkle and the scent of...Continue Reading

The latest transfer of $23.59 million was spread across 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI, and SOL. In four days, wallets linked to defunct crypto trading firms FTX and Alameda Research moved $23.59 million worth of digital assets to top cryptocurrency exchanges. Blockchain analytics firm Spot On Chain identified the...Continue Reading

The agreement mandates models like ChatGPT and general AI to follow transparency rules before market entry. The EU Parliament and Council negotiators reached a provisional agreement on the rules governing the use of artificial intelligence on Friday, Dec 8. The agreement covers the governmental use of AI in biometric surveillance, how to regulate AI systems such as...Continue Reading

Analysts on the X platform, formerly known as Twitter, say ticker code could help avoid negative attention on adviser statements. Asset manager VanEck filed a fifth amended application for a spot Bitcoin exchange-traded fund (ETF) on Dec. 8. According to the regulator’s database, the amended filing to the S-1 Form with the U.S. Securities and...Continue Reading

The Platypus hacker managed to walk free from a court after claiming to be an ethical hacker despite stealing $8.5 million from the protocol. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Cointelegraph interviewed Velvet...Continue Reading