Explore the UK passes bill to curb crypto crime by seizing and freezing digital assets The U.K’s. Financial Wrongdoing and Corporate Straightforwardness Bill, which will help to police seize and freeze crypto utilized for wrongdoing, made a stride nearer to entering the rule book in the wake of being passed by Parliament’s upper chamber on Tuesday. While the Place of Masters didn’t change crypto parts of the bill, during prior procedures, it was corrected to guarantee the actions stretched out to psychological warfare cases and measures to assist specialists with holding onto property that can help recognize crypto connected to…
Author: Harshini
Harshini
Harshini is a content writer at CryptoTechTimes specializing in the analysis and writing of content. In addition to covering cryptocurrency, innovations, and the academic sector, she also writes about the newest technological advancements.
Checkout the information of the Crypto exchange Binance has burned 2.65 billion terra classic tokens The largest cryptocurrency exchange in the world, Binance, has completed its 11th burn cycle by burning 2.65 billion Terra Classic (LUNC) tokens. Over 35.5 billion LUNC tokens have been burnt by Binance, while over 68 billion have been burned by the community. The burn received a favorable response from investors, as seen by a 3% price gain for LUNC. Based on a transaction on July 1, Binance sent 2.65 billion LUNC tokens to the burn address, lowering the total quantity in circulation. A transaction fee…
Checkout Singapore orders cryptocurrency platforms to keep client money in a trust Singapore will require digital currency trades to keep client resources in a trust before the year’s end, part of endeavors to guarantee reserves are defended following the collapse of FTX in November. The city-state will likewise push ahead with a proposition to boycott loaning and marking for retail financial backers, the Money-related Power of Singapore said in an explanation on Monday. MAS began a counsel on those actions in October last year before FTX disentangled. Singapore’s moves come after the counsel that looked to fix its administrative system…
Check out more about why the ghost rate is so crucial to blockchain technology Every one of the organizers in the blockchain classification talks about the significance of reception. Everyone is chasing adoption at any cost. This makes sense because a blockchain’s resiliency, network effect, and value depend on the number of people using the infrastructure to transact with one another on a large scale. Organizers in blockchain have constructed streets that presently lead to a gigantic, lacking scene. Therefore, concentrating on adoption is perfectly reasonable. While a growing user base is excellent, it may imply something other than meaningful,…
Explore how miner economics were affected when bitcoin inscriptions first appeared on the scene A method for directly inserting data into the Bitcoin blockchain is known as an “inscription.” This new technology has been used in various ways on the BTC blockchain since it was first introduced earlier this year. As a result, the blockchain is now more than just a network for peer-to-peer transfers. Any data can be used to make the Inscriptions. Text, audio, video, and images are among the types of Inscriptions on the blockchain that have received the most attention. The Inscriptions were initially used primarily…
The UAE will emerge as the next big crypto hub, as stated by Binance Dubai’s general manager Alex Chehade, general manager of Binance Dubai, said that the UAE is an excellent place for crypto businesses looking for a clear way forward and friendly toward digital assets. Binance discovered that the UAE’s senior leadership wanted to make the region a hub for Web3. Chehade said, “They’re trying to diversify away from fossil fuels, and they see crypto as a great driver.” Ultimately, the UAE’s clear crypto regulations make the region appealing to exchanges like Binance, which is currently engaged in legal…
Explore how AI tools help cryptocurrency traders for better business in the crypto industry Even though ChatGPT, an artificial intelligence (AI) tool developed by OpenAI, has only been operating for a few months, it has already learned how to rotate the globe. Bitcoin and the evolution of the internet are two instances of its effect. Utilizing natural language processing (NLP) technology, ChatGPT is developed as a language model. It can be used in various ways by cryptocurrency traders, as well as in language and content-based tasks and analytics. ChatGPT is a technology that can serve as the foundation for specialized…
Know more about the BIT launches options trading for Cardano’s cryptocurrency ADA On Wednesday, the cryptocurrency derivatives exchange BIT launched options based on Cardano’s ADA token and pledged to add alternative cryptocurrencies in the coming months. In a press release provided to CoinDesk, BIT stated that the ADA options are currently available on the platform and are denominated and settled in US dollars. According to the exchange’s spokesperson, one ADA is represented by one option contract. At the time of this writing, ADA, the native token of Ethereum rival Cardano, has a market value of US$9.73 billion and is the…
Know about the Shiba Inu tokens turn profitable as meme coin spikes 10% in the crypto market Shiba Inu (SHIB) has been stirring the market with a fantastic price hike. The price of SHIB has increased significantly in recent market data, bringing token holders some relief. Over a trillion SHIB tokens have now exceeded their break-even point, regained their initial value, and attracted the interest of crypto enthusiasts and investors. The cryptocurrency community is excited about the price rise of SHIB. Questions about the causes of this sudden price rise arise as investors closely monitor the market. Price Rally for…
Explore the details of Binance BNB Chain Leverages Optimism for Layer-2 Testnet A new layer-2 chain has been unveiled by BNB Chain, a Binance-established layer-1 blockchain, to address its scalability challenge. opBNB, a testnet that went live, was announced by BNB Chain. The Optimism OP Stack is the foundation for the new layer-2 scaling solution, which the company claims will improve the security and scalability of the Binance blockchain network. Being a layer-2 chain compatible with the Ethereum Virtual Machine (EVM), the system is compatible with Ethereum-based smart contracts, networks, and ERC-20 token specifications. During increased network demand, blockchains frequently…