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US Deputy Treasury Secretary Proposes Reforms to Enhance Crypto Enforcement Against International Bad Actors
US Deputy Treasury Secretary Adewale Adeyemo proposes reforms to enhance enforcement against cryptocurrencies, including secondary sanctions, extraterritorial jurisdiction, and a new secondary sanctions tool.
Arbitrum DAO Explores Grants to Boost Web3 Gaming Development
Arbitrum DAO is discussing grants to support Web3 gaming, with phases of development receiving $100,000 to over $1.5 million. This effort aims to capitalize on the growing $272 billion gaming industry, enhance Arbitrum's gaming ecosystem, and position it competitively in the Web3 space.
Treasury Secretary Yellen Highlights Economic Recovery and Addresses Financial Risks
Treasury Secretary Janet Yellen highlighted Biden Administration's economic achievements and ongoing financial stability efforts, focusing on banking, climate change, cybersecurity, AI, and digital assets in a testimony to the House Committee on Financial Services.
Tether's Financial Triumph: Record $2.85B Q4 Profit and Strategic Asset Growth
Tether Holdings Limited reported a Q4 2023 profit of $2.85 billion, boosted by US Treasuries, Gold, and Bitcoin reserves, and a net profit of $6.2 billion, showcasing strong financial health.
AI in Emergency Medicine: Evaluating ChatGPT and Google Bard
A study reveals ChatGPT and Google Bard's performance in mass casualty incident triage is significantly different, with Google Bard outperforming ChatGPT with a 60% accuracy rate, highlighting the need for continued advancement and human supervision in AI's healthcare integration.
CoinList Settles with OFAC for $1.2 Million Over Crimea Sanctions Violations
CoinList settles with OFAC for $1.2 million over transactions for users in Crimea, promising to invest $300,000 in compliance enhancements.
FASB Finalizes New Accounting Standards for Crypto Assets
FASB's new ASU No. 2023-08 mandates fair value measurement for certain crypto assets, enhancing transparency and relevance in financial reporting, effective post-December 2024.
US Government Removes Cryptocurrency AML Provisions from NDAA
The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.
Coinbase is challenging the U.S. Treasury over the recent tornado cash sanctions
Coinbase is suing the U.S. Treasury for listing Tornado Cash on the SDN List, arguing it violates digital privacy and regulatory authority in the cryptocurrency sector.
U.S. Intensifies Sanctions on Hamas, Targeting Crypto Assets
The U.S. Treasury has imposed sanctions on Hamas, a Palestinian terrorist group, following their attack on Israel, focusing on their use of cryptocurrency assets. The sanctions include sanctions on officials, a Gaza-based crypto exchange, and individuals involved in Hamas' financial operations.