Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday. Source: …

Source: https://www.coindesk.com/consensus-magazine/2023/05/01/bitcoin-set-new-record-of-daily-transactions-the-same-day-the-us-government-quietly-engineered-a-bank-buyout/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Sotheby’s Metaverse will now offer fully on-chain secondary transactions via Ethereum and Polygon. Source: https://www.coindesk.com/web3/2023/05/01/sothebys-launches-on-chain-secondary-nft-marketplace/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The fundraise was led by C Squared Ventures and Goat Capital, the firm co-founded by Twitch founder Justin Kan. Source: https://www.coindesk.com/business/2023/05/01/crypto-firm-fare-protocol-raises-62m-ahead-of-token-launch/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

“Killer Whale” will allow entrepreneurs to pitch ideas for new Web3 products and projects to a panel of judges. Source: https://www.coindesk.com/web3/2023/05/01/shark-tank-but-make-it-crypto-coinmarketcap-launching-new-competition-tv-show/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

“Binance LaunchPool are meant as air drops for our retail users, not just for a few whales,” Binance CEO Changpeng Zhao tweeted after Sun transferred $56 million in TUSD …

The bitcoin kiosk company, its subsidiary Up Global and the CEO of both entities were accused of conducting “unregistered offers and sales of securities.” Source: https://www.coindesk.com/policy/2023/05/01/coinme-subsidiary-and-ceo-fined-4m-by-sec-over-uptoken-offering/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The regulator is considering applications for digital asset exchanges on a trial basis. Source: https://www.coindesk.com/policy/2023/05/01/nigerias-sec-mulls-allowing-tokenized-equity-property-but-not-crypto-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty. …

The former NSA whistleblower shared his hopes that AI’s intelligence could exceed that of humans and ultimately benefit humanity, despite fears the technology could be co-opted by bad actors. …