The Role of KYC and AML in Crypto Exchanges
KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations play a crucial role in ensuring the security and legitimacy of cryptocurrency transactions on exchanges. In this article, we’ll provide an overview of what KYC and AML are, how they work, and their importance in the world of crypto. What is KYC? KYC is the process of verifying the identity of …
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Massive $34 Billion Ethereum (ETH) Influx Set to Shake Up Market in 24 Hours
As the Shapella upgrade approaches, Ethereum is finalizing its transition to a proof-of-stake (PoS) consensus mechanism. This will enable validators to withdraw approximately $34 billion worth of staked Ethereum. The imminent release has given rise to speculation about its potential impact on the cryptocurrency market, especially since a substantial proportion of the locked ETH is already liquid due to staking …
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Arkansas Legislature Takes Bold Step to Safeguard Bitcoin Mining Industry with New Bill
The Arkansas State House, which accommodates the Senate and House of Representatives, has effectively passed a bill with the aim of safeguarding Bitcoin mining in the state. The bill was introduced by representative Rick McClure, along with Senator Joshua Bryant, and was initially presented in the House on March 30. After undergoing multiple readings and committee stages in both the …
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Ethereum-based Solutions for Cross-Border Payments and Remittances
Introduction Cross-border payments and remittances are an essential part of the global economy. However, traditional methods of sending money across borders are often slow, expensive, and prone to errors. Ethereum-based solutions offer a faster, cheaper, and more secure way to send money across borders. In this article, we’ll explore some of the Ethereum-based solutions for cross-border payments and remittances. Ethereum-based …
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The Role of Cryptocurrency in Peer-to-Peer Lending and Borrowing
Introduction Peer-to-peer (P2P) lending and borrowing have gained popularity in recent years as an alternative to traditional banking systems. P2P lending and borrowing allow individuals to lend or borrow money directly from one another without the need for intermediaries such as banks or financial institutions. With the emergence of cryptocurrency, P2P lending and borrowing have become even more accessible and …
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RippleNet: A beginner’s guide to the decentralised network of banks
RippleNet is a decentralised network of banks and financial institutions that use blockchain technology to facilitate fast and secure cross-border payments. In this beginner’s guide, we will explore RippleNet in detail and explain how it works. What is RippleNet? RippleNet is a blockchain-based network of banks and financial institutions that enables cross-border payments in real-time with minimal fees. RippleNet uses …
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