The U.S. Securities and Exchange Commission (SEC) has advised finance professionals to apply “heightened scrutiny” when recommending complex or risky products such as crypto assets. In a new bulletin, the SEC recommended that finance professionals thoroughly understand the risks associated with certain investment products, including cryptocurrencies, or “crypto asset securities” in the agency’s language, before offering related products and services.…
Bitcoin’s downturn continued on Friday, as prices fell for a third consecutive session, leading to a move below $28,000. Market sentiment has shifted in recent days, as traders began taking profits from last week’s high. Ethereum was also lower, and is now trading around the $1,900 region. Bitcoin Bitcoin (BTC) moved lower for a third consecutive session on Friday, as…
Hot on the heels of the European Parliament passing the Markets in Crypto-Assets (MiCA) regulation, Ukrainian regulators have stated publicly that they will adopt the legislative package in their own country as well. The Deputy Chairman of the Tax Committee of Ukraine, Yaroslav Zheleznyak, said on his Telegram channel on April 20 that “We, along with colleagues from the NKCPFR…
Solana is now measuring data pertaining to its carbon emissions in real time, the Solana Foundation announced today. It’s a claimed first-of-its-kind move for “a major smart contract blockchain network.” Smart contracts hold the code that powers decentralized apps (dapps) and NFT projects. Beginning today, Solana will regularly update a dedicated dashboard with statistics monitoring key environmental metrics for the…
More respondents said AI will “hurt” American workers more than it will “help” them over the next 20 years. Source: https://cointelegraph.com/public/index.php/news/over-half-of-americans-fear-major-impact-by-ai-on-workers-survey
Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified that Russia has built a “safety cushion” in these assets while it continues working on creating new reserves in non-U.S. sanctioned assets. Russia Built Bank Reserves out of Non-Sanctioned Assets…
The Onatario Teachers’ Pension Plan (OTPP) has decided to steer its investment away from cryptocurrencies. The decision comes after the OTPP — which manages over $190 billion in assets — lost the entirety of its $95 million investment in crypto exchange FTX after it went bust in November 2022. OTPP was one of the many backers of the now-bankrupt crypto…
Google parent company Alphabet has announced the launch of Google DeepMind, a new AI-focused group within the company that combines its existing DeepMind and Brain teams. The move will “significantly accelerate our progress in AI,” Google and Alphabet CEO Sundar Pichai wrote in a blog post accompanying the announcement. He added that, “To ensure the bold and responsible development of…
press release PRESS RELEASE. The team behind Worker or Sheikh is excited to announce the launch of their groundbreaking Play-to-Earn game, designed to provide players with an immersive and sustainable gaming experience. With its unique economic model, easy-to-learn gameplay, and AI-driven optimization, Worker or Sheikh is set to redefine the Play-to-Earn landscape. Worker or Sheikh offers players two distinct roles…
Bitcoin’s price continued its downturn for a third day, dropping below $28,000 briefly on the morning of April 21. The last trading price of Bitcoin, per CoinGecko data, was $28,070, down 2.7% over the last 24 hours. Bitcoin’s decline dragged the rest of the market with it, with the total market capitalization of all cryptocurrencies slipping by 2.2% to $1.24…
