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The Netherlands took the lead among European Union member states by mandating that crypto companies adhere to the 5th Anti-Money Laundering Directive (5AMLD). Leading cryptocurrency exchange Gemini has decided to halt its operations in the Netherlands, citing mounting regulatory hurdles imposed by the Dutch central bank De Nederlandsche Bank (DNB).  The move follows the footsteps of Binance, another digital asset trading platform that withdrew from the market earlier this year due to similar regulatory constraints. In an emailed statement addressed to its Dutch users on September 26, Gemini conveyed its intention to suspend its services in the Netherlands, effective November 17, 2023. Gemini to Exit Netherlands Due to Regulatory Pressure Gemini explained in the email that the decision was influenced by stringent requirements imposed by the country’s central bank, DNB, on crypto exchanges. However, the company plans to return to the Dutch market once it achieves full regulat...

Since 2007, the 10-year Treasury Yield has struggled to reach its long-term average of 4.5%. The 10-year US Treasury yield, a critical indicator of economic health, has reached a significant milestone. For the first time since the Global Financial Crisis (GFC) of 2008-09, it has risen back to the 4.5% yield. This development has brought optimism to long-term Treasury investors, offering the prospect of positive annual real yields, especially with inflation moderating. A Return to Historical Norms The 10-year US Treasury yield’s resurgence to 4.5% marks a return to its long-standing historical average. This rate has served as a benchmark for the bond market and has been a reliable gauge of economic conditions for over 200 years. A notable aspect of this milestone is that the 10-year yield now comfortably surpasses the annual U.S. inflation rate. As of August, inflation was measured at 3.7%. This means that investors in 10-year Treasury notes can earn a positive annual real yiel...

A court filing by the SEC has shown the contents of leaked chats between Do Kwon , founder of the Terra blockchain which collapsed in 2022, and co-founder Daniel Shin , the CEO of the Chai payment app. Chat History Between The Two Co-founders On September 22, 2023, a court filing revealed the chat history between Do Kwon and Daniel Shin, the founder of the payment app Chai. The chats between both founders date back to 2019.  In the filing, it was revealed that Do Kwon and Shin had allegedly planned to create fake transactions to generate fees during the project’s development and to help support their activities. “I can just create fake transactions that look real…which will generate fees… and we can wind that down as Chai grows.” Do Kwon said this to Shin in response to a question asking about when will participants start engaging in staking and when the token airdrops end. Shin was concerned about Do Kwon’s suggestion and he asked “What if people find out it is fake?” Do...

The legal counsel representing Sam Bankman-Fried (SBF), the former boss of the now-defunct FTX exchange, has raised some questions about the government’s proposed queries during jury selection. The FTX co-founder faces a six-week trial, which will commence with a jury selection process on October 3, 2023. The prosecutors and the defense counsel submitted their questions for jury selection on September 11. As Bitcoinist reported , the prosecutors challenged Sam Bankman-Fried’s proposed questions, calling it “unnecessarily intrusive.” Sam Bankman-Fried’s Lawyer Accuses Government Of Prejudice According to a court filing on Friday, September 29, Bankman-Fried’s attorney, Mark Cohen, argued that the questions proposed by the United States for jury selection contain bias that could result in an unfair judgment for the defendant.  Cohen wrote in the letter to Judge Lewis Kaplan: The Government’s proposed voir dire discourages full disclosure from potential jurors, fails to elic...

In an example of the wide-reaching and growing impacts of artificial intelligence (AI) worldwide, Western University has created a senior executive role dedicated to overseeing a university-wide AI strategy. The role also positions Western to claim that it is the first university in Canada to have a chief AI officer among its senior executives. And it may not be the last. “I want colleagues,” laughed Mark Daley, who will begin his five-year term on Oct. 15. He imagines some institutions may decide to create a new position, or add management of AI matters to existing duties, he said. “For some institutions, it makes sense to give this portfolio to an existing executive. And each will have to find its own way.” Currently, Daley serves as the chief digital officer, leading Western’s technology services. He has also served as vice-president of research at the Canadian Institute for Advanced Research. He said that currently there’s “a huge variety in terms of how much people are alrea...

The future XRP price is one topic that has been keenly debated since Judge Analisa Torres’ ruling in favor of Ripple against the US Securities and Exchange Commission (SEC), with many crypto analysts chiming in on the token’s future trajectory.  Some have stated that XRP could go as high as $10,000 , while others have taken a more conservative approach, setting the token’s price at around $25 . Meanwhile, others have presented a bearish outlook before XRP can actualize any upward trend.  The Most Bullish XRP Price Predictions A particular crypto analyst (Bitforcoinz) stated that each XRP could cost $10,000. His assertion stems from the belief that Ripple could disrupt the global financial structure and take a huge chunk of the market share once that happens. It is believed that XRP’s market cap could rise tremendously if this happens, leading to a surge in the token’s price. However, another analyst, Zach Rector, doesn’t believe that ‘$10,000 XRP’ could happen as ...

The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. The victim, who remains unnamed, was based in Westport and followed advice to transfer funds out of a retirement account, intending to reinvest the money in an account supposedly linked to Kraken. However, their decision led to more than $3 million swiftly disappearing into crypto wallets they could not access. Recovery Of Stolen Crypto Funds Fortunately, the victim sought help from law enforcement, and local detectives, collaborating with the state’s Organized Crime Task Force, launched an investigation. This diligent effort enabled them to trace the transactions and freeze accounts involved in the scam. While they managed to r...

Crypto research firm Paradigm has filed an amicus brief in the ongoing court case between the US Securities and Exchange Commission (SEC) and Binance, its US affiliate – Binance.US – and the exchange’s global CEO Changpeng “CZ” Chao. Back in June, the US top securities watchdog launched a lawsuit against the defendants, accusing them of operating unlicensed exchanges, broker-dealers, and clearing agencies among 13 charges. In a statement released on September 29, Paradigm, who claims to have zero interest or investment in the defendants, has taken a stance against the SEC, accusing the commission of governmental overreach. SEC Wants To Change The Law, Paradigm Says According to Paradigm, the SEC is attempting to bypass the rulemaking process and rewrite the law, utilizing the “disturbing allegations” in its lawsuit against Binance and its co-defendants. The San Francisco-based research firm backs its claims by firstly stating that the SEC’s prayers being granted would mean that t...

In a significant development for the cryptocurrency industry, Su Zhu, co-founder of the failed hedge fund Three Arrows Capital (3AC), was arrested at Changi Airport in Singapore while attempting to leave the country.  Zhu’s arrest led to a subsequent court order sentencing him to four months in prison, as confirmed by 3AC’s joint liquidator, Teneo. Three Arrows Capital Co-Founder Apprehended  According to reports , While Zhu now serves his prison term, the liquidators will actively engage with him to address matters concerning Three Arrows Capital.  Their primary focus will be on recovering assets belonging to 3AC or acquired using the fund’s resources. The liquidators seek to maximize returns for the hedge fund’s creditors and will initiate further court proceedings as necessary. The arrest and subsequent sentencing of Zhu follow the earlier granting of a committal order on September 25. This order was obtained due to Zhu’s intentional non-compliance with a court ...

Without SEO, your gym might not show up on Google, and that means fewer people will know it exists. SEO for gyms, both local and national SEO, is important. Prospective members often search for fitness centers near them. However, leveraging national SEO can position your gym as an industry leader beyond local boundaries. SEO for Gyms: Build Local SEO With an effective SEO strategy, your fitness center can attract members locally. At the same time, you can build a robust national online presence. Besides the points mentioned in the following paragraphs, make sure to: Consistently update your details everywhere Gather positive reviews Incorporate local keywords in your gym website content  Set up Your Google Business Profile (Google My Business) A GBP (Google Business Profile) listing ensures your local fitness studio is showcased in Google’s Map Pack during searches. The Map Pack is a distinct feature on Google’s search results page. It helps users quickly pinpoin...

If you’ve honed your photography skills and learned how to take high-quality photos, you may be wondering how to make money from photography. While your photography passion could just stay a hobby, if you have a keen eye for taking a great shot, you can cash in and enjoy a new income stream. Whether you’re an aspiring photographer just starting out or a professional photographer looking to bump up your earnings, this article is going to review different ways to make money from your talents online and offline. How to Make Money from Photography Online Read on to learn how to make money from your photography talents in the online marketplace. 1. Photography Blog A top way to make money with photography is to start your own website. Once you’ve learned how to start a blog , you need to create content regularly and promote your articles on social media. As traffic levels start to increase, you can monetize your site with adverts and affiliate marketing partnerships. A few ideas ...

In this post, we’re looking at the best niches for affiliate marketing . So, if you’re struggling to choose a niche for your blog or YouTube channel, this list will help. In this list, you’ll learn some key information to help you determine which is the right niche to choose for you. Information like: How big the niche is and its market share The products you can promote Sub niche ideas And some commission rates you can expect Keep reading. Best Niches for Affiliate Marketing We’ve researched and broken down 21 of the best niches for affiliate marketing, so you don’t have to. Let’s dive in. 1. Artificial Intelligence The Artificial Intelligence industry has exploded in recent years and is projected to be valued at close to US$2 trillion by 2030. That’s what makes this one of the best niches for affiliate marketing today. There is also a wide range of AI tools to promote with generous commissions. For example, LinkWhisper is an AI content optimization tool for SEO of...