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SEC charges fund adviser Galois Capital over crypto custody failures

September 3, 2024 coinpulsehq

The SEC has charged investment adviser Galois Capital with crypto custody violations, including holding of investor assets on FTX. Galois Capital has settled with the regulator and will pay $225,000 in civil penalty. The US Securities and Exchange Commission has charged Florida-based investment adviser Galois Capital Management LLC over the company’s failure to properly custody […]

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Dimensionals Drops Blockchain Features, Shifts to Web2 Model

September 3, 2024 coinpulsehq

Dimensionals, a roguelike deck-building game developed by Mino Games, has officially transitioned to a purely web2 model, marking a significant departure from its initial integration with blockchain technology and NFTs. After launching a non-blockchain version on Steam in March 2024, Mino Games explained the challenges that led to this decision, emphasizing that the project ultimately […]

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UK adjusts AI strategy to navigate budget constraints

September 3, 2024 coinpulsehq

The new UK Government is developing an AI strategy that prioritises public sector adoption over direct industry investment, as part of broader cost-cutting measures ahead of the autumn budget. Since taking office, the government has been reviewing AI-related expenditures and has already cancelled £1.3 billion worth of investments in related technologies proposed by the previous […]

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Nexo resumes onboarding of UK clients with full FCA compliance

September 3, 2024 coinpulsehq

Key Takeaways Nexo resumes UK client registrations with updated compliance measures. The company recognizes the importance of educating clients about the regulatory framework and aims to provide tailored educational resources to help clients make informed decisions. Share this article Nexo, a leading digital asset service provider, has resumed accepting new client registrations in the United […]

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Whale Investor ‘Humpy’ Influence Compound DAO’s Governance

September 3, 2024 coinpulsehq

Decentralized Autonomous Organizations or DAOs are often hailed as the future of governance in the crypto world, promising a new era of community-driven decision-making. However, despite their decentralized nature, many DAOs remain vulnerable to the influence of large tokenholders, or “whales,” whose actions—or inactions—can have outsized impacts on these supposedly democratic structures. This scenario played […]