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Tether Dubbed 'Money Launderer's Dream Currency' by Media

Tether Dubbed ‘Money Launderer’s Dream Currency’ by Media

The founders of Tether may have envisioned USDT as a tool for financial inclusion and a gateway to the crypto market, but the stablecoin has ultimately facilitated the movement of funds beyond regulatory oversight, writes The Economist. The arrest of a courier carrying £250,000 by British police in November 2021 exposed a large-scale money laundering […]

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OKX CEO Apologizes for Compliance Control Failures

OKX CEO Apologizes for Compliance Control Failures

Star Xu, founder and CEO of the bitcoin exchange OKX, has apologized to users for unjustified account suspensions. The entrepreneur attributed these issues to “false positives” in the exchange’s compliance control system. According to the head of the exchange, these processes still face challenges such as “a high rate of erroneous judgments and suboptimal information […]

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Analyst forecasts the collapse of Strategy imitators

Analyst forecasts the collapse of Strategy imitators

The tactic of boosting market capitalisation by building corporate bitcoin treasuries may prove less durable than many expect, according to on-chain analyst James Check. My instinct is the Bitcoin treasury strategy has a far shorter lifespan than most expect, and for many new entrants, it could already be over. It’s not about a measuring contest. […]

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Expert Suggests Possible Breach of Bitcoin Wallets Holding $8.6 Billion

Expert Suggests Possible Breach of Bitcoin Wallets Holding $8.6 Billion

There is a slight chance that the recent transfers of 80,000 BTC, which had remained dormant for over 14 years, are linked to a breach of addresses or the compromise of private keys. This was stated by Coinbase’s Director of Product, Conor Grogan. There is a small possibility that the $8B in BTC that recently […]

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Alex Petrov: Meditation is better than psychedelics

Alex Petrov: Meditation is better than psychedelics

Interest in biotechnology and biohacking is a logical next step for cryptocurrency business owners. Hyperfusion CIO Alex Petrov spoke to ForkLog about promising avenues in these fields, as well as climbing Everest, microdosing, ayahuasca and the military uses of biotech. ForkLog (FL): Alex, hello. Why is the crypto community turning to biotech, and why did […]

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A cartel spy, a dismantled Spanish ring, and other cybersecurity news

A cartel spy, a dismantled Spanish ring, and other cybersecurity news

We have gathered the week’s most important cybersecurity news. A drug cartel hired a hacker to spy on the FBI. A Spanish ring stole more than €460m. Hackers broke into gamers’ PCs via Call of Duty: WWII. An app for reporting the whereabouts of immigration agents went viral. A drug cartel hired a hacker to […]

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Solana Staking ETF Debuts with $12 Million Inflow

Solana Staking ETF Debuts with $12 Million Inflow

The United States has witnessed the launch of its first Solana-based ETF with a staking feature — the REX-Osprey Solana Staking ETF (SSK). This was reported by Bloomberg analyst Eric Balchunas. $SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but […]

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The Intersection of Psychedelics and AI: Popularity and Risks

The Intersection of Psychedelics and AI: Popularity and Risks

An increasing number of individuals are turning to AI bots as a substitute for a “sober person” during psychedelic experiences for reassurance. This trend is highlighted by MIT Technology Review. Due to the high cost and limited availability of professional therapists, thousands have sought psychological support from artificial intelligence in recent years. This notion has […]

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Turkey Blocks Access to PancakeSwap and CryptoRadar

Turkey Blocks Access to PancakeSwap and CryptoRadar

The Capital Markets Board of Turkey (CMB) has blocked access to the decentralized exchange (DEX) PancakeSwap and the price comparison platform CryptoRadar, as reported by local media. The reason cited was “providing services with crypto assets without permission.” This marks the first instance of sanctions being applied to a DEX in the country. The CMB […]

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Just add water: Pakistan between a crypto dream and hard reality

Just add water: Pakistan between a crypto dream and hard reality

Pakistan seeks technological sovereignty, yet these ambitions collide with hard economic and political realities, low living standards and a long-running conflict with India, which controls the headwaters of key rivers. ForkLog examines how an Islamic republic with vast human capital is trying to build a digital future amid instability. First steps into the digital economy […]

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Europe's AI Future: Focus on Application, Not Infrastructure

Europe’s AI Future: Focus on Application, Not Infrastructure

Europe does not require a surge of new data centres to compete in the AI sector, according to Christian Klein, CEO of one of the region’s largest companies, SAP SE, as reported by Bloomberg. “Do we really need to build five data centres and fill them with powerful chips? Is this what Europe needs? I […]

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FTX Proposes New Payment Plan for 'Problematic' Countries

FTX Proposes New Payment Plan for ‘Problematic’ Countries

Representatives of the bankrupt exchange FTX have filed a court motion proposing a new payment procedure for users in ‘problematic’ jurisdictions. This was reported by Sunil Kavuri, a representative of the platform’s largest creditor group. FTX: Restricted countries Disputed claims 49 Jurisdictions -5% allowed claims in restricted countries 82% of value in China Due to […]

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