Security News

On Oct. 31, Binance revealed a partnership with Amazon Web Services (AWS) to leverage Amazon’s generative artificial intelligence to streamline the Know Your Customer (KYC) verification process and handle service requests on the Binance platform. According to the announcement, the new KYC system auto-fills user information, performs proof-of-address checks, and makes screening against World-Check reviews […]

The Blockchain Association, a cryptocurrency and blockchain advocacy group, reported that the United States Securities and Exchange Commission had cost companies at least $426 million in litigation involving digital assets since Gary Gensler took over as chair. In an Oct. 31 update to its “regulation by enforcement” page, the Blockchain Association (BA) reported that the SEC had […]

An unknown PR agency that claims to know the true identity of Bitcoin creator Satoshi Nakamoto says it will reveal this long-held secret in a press conference on Oct. 31, inviting attendees in London to “Meet Satoshi.” There are more than a few red flags about the announcement however. In an Oct. 30 press release, a […]

The front-end websites of several online crypto apps were compromised on Oct. 30 after attackers injected malicious code into an update of a popular and widely used animation library. Decentralized finance apps, including 1inch and TEN Finance, showed popups asking users to connect their wallet, which was actually for the crypto drainer “Ace Drainer,” crypto security […]

Cryptocurrency exchange Coinbase, one of the biggest partners of the political action committee (PAC) Fairshake and the Stand With Crypto political initiative, said it was optimistic about pro-crypto legislation going into a new Congress. In its shareholder letter for the third quarter of 2024, released on Oct. 30, the company said it was “prepared to work with […]

Chris Larsen, one of the co-founders and the chair of payments firm Ripple, who has donated millions of dollars to support Kamala Harris for president of the United States, explained that his endorsement for the Democratic candidate came down to crypto policy. In an Oct. 28 interview with CNBC, Larsen said he believed that regardless of whether […]

The United States Department of the Treasury has released its national strategy for financial inclusion, only including cryptocurrencies as a potential risk for consumers. In an Oct. 29 notice, the US Treasury said its National Strategy for Financial Inclusion in the United States report resulted from a request from Congress and included recommendations to “advance consumer access to safe […]

United States President Joe Biden spoke to President Bola Tinubu of Nigeria, offering his appreciation that Binance’s head of financial crime compliance had been released on humanitarian grounds. According to an Oct. 29 notice from the White House, President Biden had a call with President Tinubu in which he thanked the Nigerian leader for helping […]

Share prices of Bitcoin miners soared as high as 24.4% on Oct. 28 as Bitcoin rallied over $70,000 — with an analyst pointing to an increasingly favorable macroeconomic climate and miners’ continued diversification into AI. “Deficit spending and lower interest rates are driving global liquidity higher [while] investors are fearful of high inflation over the […]

Kalshi will start taking deposits in USD Coin USDC$1.00, a popular stablecoin, as the prediction marketplace vies for users ahead of the United States’ November elections, the platform confirmed on Oct. 28. Cryptocurrency deposits will be live imminently, with offramping managed by ZeroHash, a crypto payments platform, according to a report by Fortune magazine. Competition is […]