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THORSwap enters ‘maintenance mode’ to curb illicit flow of funds 

THORSwap, a multichain decentralized exchange (DEX) that runs on the cross-chain liquidity protocol THORchain, is under “maintenance mode” to prevent further illicit movement of funds on the platform. THORSwap entering maintenance mode On Oct. 6, THORSwap said it would temporarily transition into maintenance mode amid concerns of bad actors moving illicit funds

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Terra Luna Classic contemplates deposit hike to curb spam proposals

The Terra Luna Classic is presently voting on multiple proposals, with concerns raised about an uptick in "spam" proposals following a decline in LUNA prices. A new proposal seeks to raise the minimum deposit requirement from 1 million LUNA to 5 million LUNA, with expectations of a potential price increase

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Hollywood studios offer new proposal for AI and data transparency to curb strike

The Alliance of Motion Picture and Television Producers (AMPTP) released details of its proposal for striking actors and writers on Aug.22, which included standards for the entertainment industry surrounding the usage of artificial intelligence (AI) and data transparency. Under the proposed conditions, generative AI cannot be considered a writer. Therefore, any

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US passes military spending bill, aims to curb crypto money laundering

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Senate has approved the 2024 National Defense Authorization Act (NDAA). The bill included a provision to strengthen regulatory scrutiny of financial institutions involved in crypto trading, particularly mixers and anonymity-enhancing tokens, focusing on

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EU Regulator Proposes to Curb Leverage in Crypto Trading Activities

The ESRB recommended restrictions on crypto firms’ lending to clients, especially for leveraged bets, and suggested higher collateral requirements for distributed finance products and stablecoins. On Thursday, May 25, an EU watchdog – the European Systemic Risk Board – recommended that European authorities should curb leveraged bets on digital assets by

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Mastercard launches Web3 user verification solution to curb bad actors

Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential” and its launch was announced on April 29. In an accompanying explainer video

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Crypto Exchange Binance’s Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin

The BTC-TUSD trading volume had recently grown tenfold compared to Tuesday, Dustin Teander, an analyst at crypto research firm Messari, said in an email. However, the asset pair’s $50 million spot trading volume in the past 24 hours is dwarfed by the dominant stablecoin USDT’s $6 billion and BUSD’s $1

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U.S. authorities preparing ‘material action’ to curb SVB contagion

United States authorities are working on "material action" over the weekend in an attempt to limit the ripple effect across the country's banking system after the Silicon Valley Bank abruptly collapsed on March 10.According to a Reuters report citing unnamed sources, officials in the Joe Biden administration assessed the impact

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