Lawmakers in the United States have proposed two new bipartisan bills targeting issues of transparency and innovation in artificial intelligence (AI). On June 8, Democratic Senator Gary Peters, and Republican Senators Mike Braun and James Lankford, introduced the first bill, which would require the government to be transparent with its AI usage. Under such a measure, U.S. government agencies would…
Publication of the European Union’s crypto law MiCA in its official journal signals the start of the official process of bringing licencing, stablecoin and anti-money laundering regulations into effect by the end of 2024. The European Union’s Markets in Crypto Assets (MiCA) legislation was published June 9 in the Official Journal of the European Union (OJEU). This move triggers the…
Under escalating pressures from the Securities and Exchange Commission (SEC), Binance’s US subsidiary has made a radical decision affecting its clients. Binance.US announced late on Thursday that it would suspend dollar deposits on its platform. Similarly, it informed its customers that banking partners are preparing to temporarily halt the fiat (USD) withdrawal channels as early as next Tuesday. “Irrespective of…
Bitcoin (BTC) may be in line for 60% upside if a long-term chart feature stays intact. In part of his latest analysis on June 8, popular trader Mikybull Crypto flagged encouraging signs on the BTC/USD weekly chart. Weekly Bitcoin price chart keeps $40,000 on the table With Bitcoin still wedged in a narrow trading range it entered almost three months…
As Meta strives to lead in virtual and augmented reality (VR/AR), Apple’s recent entry into the market has generated curiosity and apprehension. With the official release of Vision Pro, speculations arise about Mark Zuckerberg’s viewpoint as Meta CEO on the competition posed by Apple’s VR headset. During an all-hands meeting observed by The Verge, Zuckerberg discussed his response to the…
Stablecoin issuer Tether (USDT) has reached into its own war chest to invest in El Salvador’s $1 billion renewable energy project to help drive Bitcoin (BTC) adoption in the Central American nation. The firm responsible for issuing USDT across cryptocurrency markets is one of a handful of companies investing in El Salvador’s renewable power generation project. Volcano Energy is set to…
Whether XRP is ruled as a security or not in the Ripple case will certainly have an influence on the two latest crypto exchange lawsuits, crypto lawyers told Co… Source: https://cointelegraph.com/public/index.php/news/ripple-sec-case-outcome
ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, after buying another $19.9 million shares of Block Inc. right after buying $21 million of shares in Coinbase. Wood’s latest buying spree comes despite the United States Securities Commission suing two of the industry’s exchange heavyweights — Binance (June 5) and Coinbase (June 6)…
The list of around nine million FTX customers is “extraordinarily valuable” and could harm the crypto exchange’s sale value if released, a member of the FTX restructuring team has argued. In a court hearing released June 8, Kevin Cofsky, a partner at the investment bank Parella Weinberg on retainer to FTX, said if competitors were to gain knowledge of FTX’s…
Crypto venture capital firm Paradigm has slammed the U.S. Securities and Exchange Commission’s attempt to redefine the term “exchange” — which would if accepted, bring decentralized exchanges under its purview. On June 8, the firm sent a lengthy 14-page letter to the SEC Secretary, Vanessa Countryman, regarding the regulator’s proposed redefinition of the term “exchange” in the 1934 Securities Exchange…
