Cryptocurrency

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The U.S. Department of Justice’s chief of the National Cryptocurrency Enforcement Team has announced the agency’s intention to take strict action against crypto exchanges that disregard money laundering regulations.The report, which was released by the Financial Times, reveals that the scrutiny will not just be for the exchanges, but also the crypto mixers. This is primarily due to the fact that crypto mixers are frequently used by criminals for money laundering with the aim of concealing the trace of funds.Choi also commented on the activities of criminals, stating that these platforms are allowing criminals to run away and profit from their crimes.Recently, the U.S. Department of Justice (DOJ) stepped up its efforts to stop illicit activity in the digital currency industry. The DOJ has launched a number of crackdowns aimed at different players in the cryptocurrency business, with a special emphasis on money laundering and other illegal financial operations.Binance was also under scrutiny recently as the DOJ launched an investigation for alleged Russian sanctions violations. The whole point of the investigation was to look into the possibility of the exchange being used by Russians.The cryptocurrency realm has been under tighter scrutiny by US regulators. With numerous crackdowns by the SEC and other regulators, major crypto industry players are beginning to stand up, asking for a clear-cut regulatory framework.The post DOJ Aims to Stamp Out Money Laundering by Focusing on Crypto Mixers and Exchanges appeared first on Coin Edition.See original on CoinEdition More

After closing the weekly candle at just below $27,000, BTC/USD is attempting to cement support as a stubborn trading zone holds.Continue Reading on Coin Telegraph More

In today’s fast-paced world, entrepreneurs always seek innovative opportunities to expand their portfolios. With the rise of blockchain technology, delving into projects offering staking and mining services has become an increasingly popular way to earn passively. Such projects offer a chance to diversify your investments and potentially earn more with relatively little effort. While various projects in the market offer similar features, this particular one may be an excellent way to explore hassle-free services and transparency, which are crucial in the rapidly changing business landscape.GoMining, an innovative mining infrastructure that provides clear, simple access to Bitcoin (BTC) mining, is rebranding as part of its second-anniversary celebrations. The project has launched a new website, changed its name from GMT to GoMining, and has continued developing its native token and the NFT project. With a focus on transparency and fairness, users can earn stable BTC rewards through native tokens and NFTs. Besides the availability of its data centers and seamless replenishment of computing devices for mining, another outstanding feature of GoMining is the introduction of fixed and flexible rewards.With fixed rewards, users can conveniently lock tokens for mostly 90 days and receive a whopping 20% annual percentage yield (APR). On the other hand, with the flexible reward, users can opt to receive BTC rewards daily with a variable percentage of APR.In addition to launching its native token — an advanced utility token that offers holders exclusive access to certain features — GoMining has established a set of NFTs backed by real computing power called NFT by GoMining. Unlike regular profile picture-styled NFTs with few to no use cases, the GoMining NFTs are images capable of mining Bitcoin. These NFTs are not only aesthetically pleasing, but they also possess varying computing powers and energy efficiencies. Additionally, they allow holders to play games similar to Bitcoin mining — solving blocks and creating pools to earn additional discounts and benefits. These NFTs are simpler and more yield-earning alternatives to traditional mining. Owning these NFTs offers the best electricity price on the market, access to GoMining’s unparalleled, first-class service, and loads of fantastic bonuses and discounts. NFT by GoMining, per the team, offers digital arts that mine Bitcoin, daily BTC rewards, a pool game with the potential to mine more BTC, and an opportunity to choose from a wide range of NFTs of computing power and efficiency. GoMining has also introduced the unique Khabib Nurmagomedov collection. It represents a set of NFTs designed to celebrate the career of Mixed Martial Art’s longest reigning UFC lightweight champion, Khabib, also known as the “The Eagle.” These special NFTs grant holders access to some of the former fighter’s private events and parties held several times per year. Besides offering holders access to staking rewards, GoMining Token will act as a payment tool for NFT purchases, game mechanics, item purchases from numerous online stores, partner programs, hosting actual equipment, etc. Ultimately, GoMining introduces a new, advanced approach to Bitcoin mining, staking, and NFT usage. The project is poised to be a genuine game-changer in the crypto mining industry, offering users better, more rewarding mining and staking options. A representative of GoMining has affirmed that the company is committed to promoting transparency in the industry. According to CEO Mark Zalan, the firm believes in providing clear and open communication to its users. GoMining achieves clarity through various measures, including regular updates on mining performance and payouts and clear and concise information on fees and charges. In Zalan’s words:GoMining’s updated website and app provide users with comprehensive information about the project infrastructure and reward details, enhancing their understanding of the company’s operations and offering a more precise vision — a feature many contemporary blockchain projects lack.Moreover, GoMining encourages users to ask questions and engage with the company. GoMining’s commitment to transparency is a crucial component of its vision to change the perception of blockchain technology and make it more accessible to the masses. The post Effortless Crypto Earnings: GoMining’s User-Friendly Approach appeared first on Coin Edition.See original on CoinEdition More

Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role in various aspects of Amazon’s operations. This includes using AI for transportation, such as mapping and route planning, and considering factors like weather conditions. Additionally, AI assists customers in finding the desired products when searching on Amazon.Continue Reading on Coin Telegraph More

The market intelligence platform, Santiment, shared a post on Twitter earlier this morning about the current conditions in the crypto market. According to the post, investors and traders seem to be growing impatient with the fact that markets have been rather stagnant.Adding to investors’ frustration is the fact that there has been an uptick in social volume for stablecoins. Santiment explained that this could suggest a disinterest in speculative cryptos. In addition, things have not been going great for the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), either.CoinMarketCap indicated that at press time, BTC was worth about $27,432.60 after a 2.18% price increase over the past 24 hours of trading. Despite this, BTC’s weekly performance is still down by more than 2%.ETH was also able to print 24-hour gains of about 1.33% and was trading hands at $1,830.38. As with BTC, ETH’s weekly performance still had some work to do to get back into the green zone since the altcoin was down 1.63% over the past seven days.Santiment’s claim about the market being stagnant was also proven by the fact that various polarizing assets such as Pepe (PEPE) and HEX had experienced large price drops recently.PEPE was a trending project in the crypto space over the past few weeks after its more than 2000% price increase over the last month. Unfortunately, things have been slowing down for the meme coin as, at press time, PEPE was trading hands at $0.000001729 after a price drop of more than 10% over the past day alone.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Crypto Market Stagnation Continues: BTC and ETH Fail To Impress appeared first on Coin Edition.See original on CoinEdition More

On May 11, Ethereum developers reported that the Beacon Chain was experiencing problems confirming transactions. Although new blocks could be proposed, an unknown issue prevented their finalization. The outage lasted around 25 minutes. A similar issue occurred on May 12, preventing block finalization for over an hour. Continue Reading on Coin Telegraph More

Despite its advantages, America is bungling its chance to dominate the digital economy. In what Messari CEO Ryan Selkis aptly dubs “a colossal public policy failure,” America’s semi-official stablecoin, USD Coin (USDC), is losing ground to its ex-U.S. rival, Tether (USDT). If policymakers don’t step up soon, America may fall behind for good.Continue Reading on Coin Telegraph More