Bitcoin (BTC) traders braced for classic volatility on July 26 as the United States Federal Reserve interest rate decision dawned. BTC/USD 1-hour chart. Source: TradingView “Let the games begin” for Bitcoin — FOMC day arrives Data from Cointelegraph Markets Pro and TradingView showed BTC price action hovering near $29,200. While barely moving since the start of the week, Bitcoin volatility…
Leading cryptocurrency exchange has withdrawn its cryptocurrency license application in Germany. The exchange confirmed its withdrawal to Cointelegraph on July 26, nearly a month after reports of rejections from The German Federal Financial Supervisory Authority (BaFin). On June 29, BaFin reportedly rejected crypto exchange’s custody license. However, at the time it was unclear whether the crypto exchange’s application was denied…
For Binance’s newly-appointed General Counsel Eleanor Hughes, one of the most exciting aspects of the job is working on the frontier of an industry that is still new. “Every day I’m faced with a legal question which there’s no precedent for,” Hughes explained on a call with Decrypt. To tackle these, she and the team turn to examples in other…
Big Tech giants Google, Microsoft, ChatGPT maker OpenAI and AI startup Anthropic announced on July 26 they would form a new industry watchdog group to help regulate AI development. In a joint statement released on the Google blog, the companies revealed their new Frontier Model Forum aimed at monitoring the “safe and responsible” development of frontier AI models. It pointed…
The recently introduced stablecoin, FDUSD, which was scheduled to be listed on Binance on July 26, 2023, at 08:00 (UTC), enabling trading for FDUSD/BUSD and FDUSD/USDT spot and margin trading pairs has now been postponed to restart at 2023-07-26 14:00 (UTC) due to FDUSD pairs’ liquidity providers experiencing technical issues. Binance released a statement that it will halt trading for…
South Korea is taking steps to tackle the uptick in criminal activities linked to crypto by launching a specialized investigations unit. The multi-agency joint virtual asset crime investigation unit aims to safeguard the interests of investors while the country awaits comprehensive regulations for the industry. The Joint Investigation Centre for Crypto Crimes, operating from the Seoul Southern District Prosecutors’ Office,…
Social media platform Reddit continues exploring digital collectibles despite a significant downturn in the non-fungible tokens (NFT) industry. According to an official announcement on r/CollectibleAvatars, Reddit will drop its latest series of collectible avatars on July 26. According to social media reports, the new drop will be launched at 3:00 pm Eastern Time. Titled “Retro Reimagined,” Reddit’s new collectibles drop…
The industry’s most popular liquid staking solution Lido Finance is unpacking a whole new layout for its tokenomics. LidoDAO’s business development contributor Marin Tvrdić told Decrypt during this year’s EthCC event that its members are “pushing” for a dual governance model. If passed, it would give Lido users–specifically those who are staking Ethereum and hold stETH–veto power on governance proposals…
The judge didn’t see any difference between crypto, fiat money or shells as long as all those objects, physical or not, share value created by mutual faith in t… Source: https://cointelegraph.com/app/public/index.php/news/crypto-singapore-high-court-rules-crypto-personal-property-compares-it-to-fiat-money
Traditional ransomware attacks are in decline as businesses refuse to pay up—but according to a new report by cybersecurity firm SonicWall, cryptocurrencies are still being used to extort unsuspecting victims. A staggering 332.3 million cryptojacking attacks were recorded in the first half of 2023—a 399% increase when compared with the whole of last year. To put this figure into context,…
