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This is insufficient, prosecutors said in Wednesday's filing. If Zhao did not return to the U.S., they wouldn't be able to secure the $175 million bond as most of his assets are outside the country, and Zhao is wealthy enough that he could pay off the rest of the funds
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U.S. prosecutors claim SafeMoon CEO Braden John poses “serious risks of flight.” SafeMoon (SFM) CEO Braden John will not get a quick resolution of his case as prosecutors have secured a hold on his bail release, citing flight risk concerns. A New York judge delayed SafeMoon CEO Braden John Karony’s bail on
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IBM vice president and chief technology officer of IBM Automation, Jerry Cuomo, recently published a blog post laying out what he claims are several risks associated with using ChatGPT for enterprise. There are several key risk areas, according to the blog post, that businesses should consider before operating ChatGPT. Ultimately, however,
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On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language.The price of Curve DAO (CRV) dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. The next day, the
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The largest stablecoins have all endured periods of turmoil in the last few months. In February, New York state regulators ordered Paxos to halt minting Binance USD (BUSD), the third largest stablecoin at the time. Next month, the collapse of Silicon Valley Bank (SVB) temporarily froze a sizable portion of
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The U.S. Department of Treasury issued a stark warning, stating that the rise of decentralized cryptocurrency markets poses a significant threat to national security, with concerns ranging from illicit activities to financial stability risks. The U.S. Department of Treasury (DoT) recently released a statement expressing concern over the impact of decentralized
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The Arbitrum Foundation has released a raft of new improvement proposals following the fracas that ensued after its first failed attempt at governance.On April 5, Ethereum layer-2 solutions provider Arbitrum posted new Arbitrum Improvement Proposals (AIPs) for the governance of the network.The new proposals include AIP-1.1, which covers a smart
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Other, smaller-circulation stablecoins lost their pegs, too, including BUSD, issued by Paxos, and crypto-backed stablecoin DAI, issued by MakerDAO. Only USDT seemed to benefit from the turmoil, briefly exceeding $1, most likely because of investors shifting out of the depegged stablecoins. Original Source
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The governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst of inflation is behind us.” India’s Central Bank
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The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over the weekend. G20 Agrees Crypto Poses Major Risks to Financial
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