BitMEX Pleads Guilty to Bank Secrecy Act Violations

As an experienced financial analyst, I find the situation with BitMEX deeply concerning. The exchange’s blatant disregard for U.S. anti-money laundering laws is not only a violation of federal regulations but also poses significant risks to the financial system as a whole. BitMEX, a cryptocurrency exchange, has admitted to breaching the Bank Secrecy Act in … Read more

Intuit to Lay Off 1,800 Employees in Shift to Focus on AI

As a crypto investor with a background in technology and experience working for a large software company, I see Intuit’s decision to lay off employees and focus on AI as a necessary step towards innovation and staying competitive in the industry. However, I also understand the impact this will have on the lives of those … Read more

Animoca Brands Reports 72% Growth and $291M in Assets in Q1 2024

As a crypto investor with a few years of experience under my belt, I’m always on the lookout for promising investments in the Web3 space. Animoca Brands’ first-quarter investor update for 2024 has certainly piqued my interest. The impressive year-over-year growth and diverse revenue streams are noteworthy. As a crypto investor following Animoca Brands closely, … Read more

Payeer Fined €9.3 Million for Sanctions Violations and Money Laundering

As an analyst with a background in financial regulation and experience following the fintech scene in Europe, I’m deeply concerned by the €9.3 million ($10.1 million) fine imposed on Payeer, a crypto payment company, by Lithuania’s Financial Crime Investigation Service (FNTT). The violation of international sanctions and enabling transactions through EU-sanctioned Russian banks is a … Read more

AI in the Lab: OpenAI Tags Los Alamos to find is it SafE

As a researcher with experience in artificial intelligence and bioscience, I am excited about OpenAI’s collaboration with Los Alamos National Laboratory to study AI safety in bioscientific research. This initiative is a crucial step towards addressing the potential risks and challenges associated with advanced AI systems in laboratory settings. OpenAI has announced a new collaboration … Read more