G7 finance ministers have asked the international anti-money laundering watchdog to review regulations governing transactions of crypto assets between individuals. Currently, only transactions through service providers such as encrypted exchanges are regulated, and transactions between individuals may become a loophole for money laundering and economic sanctions. Therefore, measures to strengthen the supervision of encrypted asset transactions between individuals will be explored. When the G7...

G7 finance ministers have asked the international anti-money laundering watchdog to review regulations governing transactions of crypto assets between individuals. Currently, only transactions through service providers such as encrypted exchanges are regulated, and transactions between individuals may become a loophole for money laundering and economic sanctions. Therefore, measures to strengthen the supervision of encrypted asset transactions between individuals will be explored. When the G7...

Shandong Province issued the "Three-Year Action Plan for Improving Manufacturing Innovation Capabilities in Shandong Province (2023-2025)", which proposed to accelerate the layout of future industries. Research and formulate the action plan for the high-quality development of future industries in Shandong Province, accelerate the deployment of frontier fields such as humanoid robots, metaverse, quantum technology, future networks, carbon-based semiconductors, brain-like computing, deep-sea po...

Shandong Province issued the "Three-Year Action Plan for Improving Manufacturing Innovation Capabilities in Shandong Province (2023-2025)", which proposed to accelerate the layout of future industries. Research and formulate the action plan for the high-quality development of future industries in Shandong Province, accelerate the deployment of frontier fields such as humanoid robots, metaverse, quantum technology, future networks, carbon-based semiconductors, brain-like computing, deep-sea po...

South Korean prosecutor Dan Sung-han, who is investigating Terraform Labs, said that repatriating Do Kwon is the most effective way to bring justice to the victims of the TerraUSD and LUNA debacles, according to The Wall Street Journal. If extradited, Do Kwon could face charges of fraud, breach of trust and embezzlement, which could carry up to 40 years in prison. In late April, South Korean authorities indicted Terraform Labs co-founder Shin Hyun-seong and nine others on similar charges. Pro...

South Korean prosecutor Dan Sung-han, who is investigating Terraform Labs, said that repatriating Do Kwon is the most effective way to bring justice to the victims of the TerraUSD and LUNA debacles, according to The Wall Street Journal. If extradited, Do Kwon could face charges of fraud, breach of trust and embezzlement, which could carry up to 40 years in prison. In late April, South Korean authorities indicted Terraform Labs co-founder Shin Hyun-seong and nine others on similar charges. Pro...

The UK government is considering giving the UK tax agency the power to seize digital assets from the escrow wallets of tax-evading companies. The proposal is being considered by the government under new rules regulating payments in digital assets, which are currently undergoing public consultation. In addition, the amendments proposed in the consultation paper will allow the tax agency to access escrow wallets and PayPal accounts, and the government will consult with "wallet operators" to dev...

The UK government is considering giving the UK tax agency the power to seize digital assets from the escrow wallets of tax-evading companies. The proposal is being considered by the government under new rules regulating payments in digital assets, which are currently undergoing public consultation. In addition, the amendments proposed in the consultation paper will allow the tax agency to access escrow wallets and PayPal accounts, and the government will consult with "wallet operators" to dev...

Interactive Brokers (Interactive Brokers: IBKR), one of the largest stock and bond investment trading platforms, said in its first quarter report that the company’s encrypted assets held in the name of customers through Paxos Trust Company increased to $109 million in the quarter, compared with 2022. $80 million in the fourth quarter of 2019 was up 27%. These encrypted assets include $66 million in BTC, $40 million in ETH, and $3 million in other cryptocurrencies. It is reported that Paxos Tr...

Interactive Brokers (Interactive Brokers: IBKR), one of the largest stock and bond investment trading platforms, said in its first quarter report that the company’s encrypted assets held in the name of customers through Paxos Trust Company increased to $109 million in the quarter, compared with 2022. $80 million in the fourth quarter of 2019 was up 27%. These encrypted assets include $66 million in BTC, $40 million in ETH, and $3 million in other cryptocurrencies. It is reported that Paxos Tr...

The White House has added cryptocurrencies to its latest list of emerging technologies to watch. In the latest national security standards report, the Biden team listed some areas of science and technology that will "prioritize" the development of standards. The White House said in a statement Thursday that the strategy aims to "strengthen technology for consumer protection and U.S. leadership and competitiveness in international standard-setting." The statement added that common standards en...

The White House has added cryptocurrencies to its latest list of emerging technologies to watch. In the latest national security standards report, the Biden team listed some areas of science and technology that will "prioritize" the development of standards. The White House said in a statement Thursday that the strategy aims to "strengthen technology for consumer protection and U.S. leadership and competitiveness in international standard-setting." The statement added that common standards en...

Christine Kim, Vice President of Galaxy Research, published a post summarizing the 108th consensus meeting of Ethereum core developers. The developers agreed to consider including EIP-4788 and EIP-6987 into Deneb for testing. EIP-4788 will enable consensus layer state proofs on the execution layer for trustless verification by smart contracts. Previously PR #3175 was in the process of being formatted as an EIP, and will be changed to EIP-6987, which prevents slashed validators from being elec...

Christine Kim, Vice President of Galaxy Research, published a post summarizing the 108th consensus meeting of Ethereum core developers. The developers agreed to consider including EIP-4788 and EIP-6987 into Deneb for testing. EIP-4788 will enable consensus layer state proofs on the execution layer for trustless verification by smart contracts. Previously PR #3175 was in the process of being formatted as an EIP, and will be changed to EIP-6987, which prevents slashed validators from being elec...

Former FTX CEO Sam Bankman-Fried (SBF) on Monday asked a U.S. judge to dismiss criminal charges brought against him by the country’s prosecutors over the collapse of the now-bankrupt FTX. In a filing in Manhattan federal court, attorneys for SBF said several of the charges failed to properly state criminal conduct. Prosecutors have until May 29 to respond to Bankman-Fried's motion to dismiss, and U.S. District Judge Lewis Kaplan will hear arguments on June 15.

Former FTX CEO Sam Bankman-Fried (SBF) on Monday asked a U.S. judge to dismiss criminal charges brought against him by the country’s prosecutors over the collapse of the now-bankrupt FTX. In a filing in Manhattan federal court, attorneys for SBF said several of the charges failed to properly state criminal conduct. Prosecutors have until May 29 to respond to Bankman-Fried's motion to dismiss, and U.S. District Judge Lewis Kaplan will hear arguments on June 15.

Binance has launched a new platform called “Capital Connect” to facilitate connections between its VIP clients and investment fund managers. Catherine Chen, Head of Binance VIP and Institutions, stated that Binance does not charge any fees or commissions for providing the Capital Connect platform. Some non-trading investors want to use the assets they hold for investment rather than secondary market transactions. The platform is designed to serve such users. He also revealed that Binance has ...

Binance has launched a new platform called “Capital Connect” to facilitate connections between its VIP clients and investment fund managers. Catherine Chen, Head of Binance VIP and Institutions, stated that Binance does not charge any fees or commissions for providing the Capital Connect platform. Some non-trading investors want to use the assets they hold for investment rather than secondary market transactions. The platform is designed to serve such users. He also revealed that Binance has ...

Binance tweeted that all pending bitcoin withdrawal requests have been completed. Binance temporarily shut down the BTC withdrawal service at 23:07 yesterday due to network problems, and resumed at 00:38 this morning. Today, Binance once again suspended BTC withdrawals due to a large number of unprocessed transactions and BTC network gas fees that exceeded expectations. Binance then resumed bitcoin withdrawals about 9 hours ago, saying pending transactions were being processed instead with hi...

Binance tweeted that all pending bitcoin withdrawal requests have been completed. Binance temporarily shut down the BTC withdrawal service at 23:07 yesterday due to network problems, and resumed at 00:38 this morning. Today, Binance once again suspended BTC withdrawals due to a large number of unprocessed transactions and BTC network gas fees that exceeded expectations. Binance then resumed bitcoin withdrawals about 9 hours ago, saying pending transactions were being processed instead with hi...

Binance tweeted: “We are resolving unprocessed BTC withdrawal transactions with higher fees so that mining pools can accept them. Our goal is to reopen the Bitcoin withdrawal service within the next hour.” Earlier today, it was reported that Binance once again suspended BTC withdrawals due to a large number of unprocessed transactions.

Binance tweeted: “We are resolving unprocessed BTC withdrawal transactions with higher fees so that mining pools can accept them. Our goal is to reopen the Bitcoin withdrawal service within the next hour.” Earlier today, it was reported that Binance once again suspended BTC withdrawals due to a large number of unprocessed transactions.

HKUST Xunfei officially released the iFLYTEK Spark Cognitive Model today. At the press conference, according to Liu Qingfeng, chairman of HKUST Xunfei, the large model can not only automatically generate content, but also automatically synthesize speech from the generated text content and perform intelligent broadcasting. In addition, it has multi-level and cross-language comprehension capabilities, and has reached the industry-leading level in multi-language comprehension and error correctio...

HKUST Xunfei officially released the iFLYTEK Spark Cognitive Model today. At the press conference, according to Liu Qingfeng, chairman of HKUST Xunfei, the large model can not only automatically generate content, but also automatically synthesize speech from the generated text content and perform intelligent broadcasting. In addition, it has multi-level and cross-language comprehension capabilities, and has reached the industry-leading level in multi-language comprehension and error correctio...