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HSBC Claims Quantum Breakthrough, Should Crypto Holders Be Alarmed?

HSBC recently announced a significant advancement in algorithmic trading through the application of quantum computing. Their researchers successfully tested a quantum computer in algorithmic bond trading, achieving a 34% improvement in predicting bond prices and the chances of filling orders without slippage. Philip Intallura, the head of quantum technologies at

KuCoin Faces $14M Canadian Action in Registration, Money Laundering Controls Dispute

KuCoin is appealing a substantial penalty issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for failing to properly register and not reporting suspicious transactions potentially linked to money laundering and terrorist financing. The exchange, operating as Peken Global Limited, faces a fine exceeding $19 million CAD

What a shortcut for ETF approvals could mean for crypto

The SEC's recent approval of new listing standards for commodity-based trust shares signals a potential acceleration in the launch of spot crypto ETFs. Experts like Bloomberg's James Seyffart view this as a positive step towards increased ETF offerings in the crypto market, particularly benefiting from clearer

AI Doomer Still Starving During Week Four of Anthropic Hunger Strike

Guido Reichstadter has been on a hunger strike outside Anthropic's San Francisco headquarters for 24 days, protesting against the perceived dangers of advanced AI. He demands that Anthropic, led by CEO Dario Amodei, recognize the existential risks associated with superintelligent AI and halt its development. Reichstadter has consumed

Cloudflare plans ‘NET dollar’ stablecoin to power AI-driven payments

Cloudflare has announced its entry into the digital asset market with the NET dollar, a US dollar-backed stablecoin aimed at supporting instant transactions by AI agents. The stablecoin is designed for programmatic payments, enabling tasks such as purchasing flights or ordering goods automatically. Matthew Prince, Cloudflare's CEO, envisions

Crypto Exchange KuCoin Hit With Record Anti-Money Laundering Penalty in Canada

KuCoin has been faced with a significant anti-money laundering penalty of $14 million (over $19.5 million CAD) from Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC). The regulator's announcement came after the exchange failed to comply with Canadian anti-money laundering regulations. Specific violations included not registering

Bitcoin Drops To 3-Week Low, Will $22B Options Expiry Help?

Bitcoin has fallen to a three-week low below $109,000, inciting concerns among traders ahead of a $22 billion monthly options expiry on Friday. In the lead-up to the expiry, market sentiment appears mixed as traders have reduced bullish positions, triggering $275 million in liquidations for leveraged bets. Amidst this