News around the world: FTX, Mossad, and more
We have three separate pieces of news for you. We will talk about BITH11, Mossad's latest job vacancy, and FTX's KYC norms. How to identify if a news provider is the best? By checking if the news source offers regular and authentic news. Do you think we are the best cryptocurrency news provider online? Do you need some help with deciding that? Then you must go through the list of news we have compiled for you. The first news is about an ETF (exchange-traded fund), BITH11, that is launched in Brazil. This ETF is launched by a company named Hashdex Asset Management, and the purpose is to create the first-ever green Bitcoin. A problem with Blockchain is that it produces a lot of carbon, and it is never considered good news. To prevent that, Hashdex has teamed up with Crypto Carbon Ratings Institute (CCRI) an institute that measures the amount of carbon emission during BTC production. It will be interesting to see if it can truly meet the expectations. All around the world, regulatory bodies are putting pressure on different cryptocurrency-based organizations. But there are notable exceptions to this rule. The CEO of FTX, a renowned exchange, says that businesses need to comply with the updated rules and regulations as well. He provides an example of his own company. He says that the company is taking initiatives to improve the KYC procedures and streamline the experience. The KYC procedure aims to confirm identity and prevent incidents of theft, malpractice, and corruption. He said the company checks twice, and thrice the details provided by investors (consumers) before commencing any activity. For employees, consumer safety is the number one priority. The company is also planning to incorporate more techniques, and tools to make businesses compliant with rules and regulations. Two-step authentication is one technique that the organization will like to hone in. Moreover, FTX thinks that after some time, it can surpass the competition, like Coinbase, and Binance. And they dream to achieve big things (like collaborating or even acquiring Goldman Sachs), and that will
sound like a good game. How this will pan out in the future is the real thing to consider. Throughout the world, crypto-related crimes are on the rise. It is because it's still a novel concept, and not all people have a clear idea about it. Also, crime units are unfamiliar with the situation, which leads to many criminals getting away with it. Different anti-criminal units, being aware of this, are recruiting cryptocurrency experts. Israeli intelligence agency (Mossad) is one of them. According to their job description, this person must have three years of experience in the fintech sector. He must be aware of DeFi, digital currencies, eCommerce, and their multiple applications. The reason for releasing this vacancy can be two-fold. One, Mossad may need to understand the loopholes of this system and prevent the crimes. Or two, it can be to pay agents in these currencies. These are the top news we can bring for you. So, do we succeed to be the best cryptocurrency news provider online?