Connect with us

Business

New York regulator hunts crypto and AI specialist for policy unit

Published

on

The New York Department of Financial Services (NYDFS) is actively recruiting for a new position focused on cryptocurrency and artificial intelligence (AI) policy. This role aims to bolster the department’s regulatory capabilities in the rapidly evolving sectors of digital assets and AI technologies.

The NYDFS is seeking a specialist with expertise in both cryptocurrency and AI to help shape and implement policies that address the unique challenges and opportunities presented by these technologies. The new hire will be responsible for developing regulatory frameworks, conducting in-depth analyses, and providing strategic guidance on issues related to digital assets and AI applications.

This recruitment effort underscores the NYDFS’s commitment to staying ahead of technological advancements and ensuring that its regulatory approach remains robust and effective. As cryptocurrency and AI continue to grow in prominence, the need for specialized knowledge and policy development has become increasingly critical.

The selected candidate will play a key role in overseeing the integration of these technologies into the financial system, ensuring that regulatory practices align with industry developments while safeguarding market integrity and consumer protection.

The NYDFS’s move to expand its team with a dedicated specialist reflects broader trends in regulatory bodies recognizing the importance of adapting to technological innovations. This position aims to enhance the department’s capacity to address complex issues and support the growth of emerging technologies within a regulated framework.

As the recruitment process unfolds, the NYDFS will be looking for a candidate with a strong background in both cryptocurrency and AI, along with a deep understanding of the regulatory landscape. The new specialist will contribute to shaping the future of financial technology regulation in New York.

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Published

on

Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

Continue Reading

Business

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Published

on

Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk