Global regulatory landscapes are once again proving to be a turning point for crypto companies, demanding constant adaptation to navigate shallow regulatory waters across the world, particularly in the United States. In the latest developments, Coinbase and Circle decided to dissolve the Centre Consortium in a strategic realignment driven by demand for regulatory clarity on stablecoins, possibly as an anticipation…
An individual calling themselves Nadir Hajarabi, who claimed to have previously worked for Worldcoin, has alleged the human identity verification project may have committed illegal acts during their employment. In an Aug. 23 YouTube video, Hajarabi said they witnessed “very questionable” activities at Worldcoin including “sloppy and/or illegal things” prior to quitting the project before its token launch on July…
In a swift and intriguing turn of events, a previously enigmatic Bitcoin (BTC) address managed to catapult itself to the esteemed position of the third-largest holder of BTC. As reported by Cointelegraph on Aug. 22, the address in question accumulated a staggering 118,000 BTC. While its identity has now been attributed to Robinhood, questions still linger, as the financial giant…
House Financial Service Committee Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.” Source: https://cointelegraph.com/app/public/index.php/news/irs-releases-draft-proposed-reporting-rules-digital-asset-brokers
Deputy governor of the Bank of Spain Margarita Delgado spoke to university students and others about the introduction of the digital euro in Pamplona on Aug. 25. Looking into a future through the lens of the recent European Commission’s recently proposed digital euro legislative plan, she spoke at length about how private payment solutions will interact with the digital euro…
Bitcoin and altcoins lose more ground after comments from the Federal Reserve suggest that the regime of interest rate hikes could continue into 2024. Source: https://cointelegraph.com/news/price-analysis-8-25-btc-eth-bnb-xrp-ada-sol-doge-dot-matic-ton
As tech giants compete to bring artificial intelligence to the masses and own the burgeoning market, the AI arms race is fueling an increase in “deepfake” videos and audio—content that often looks or sounds convincingly legitimate, but is actually a fraudulent misrepresentation. And they’re impacting businesses too, according to a new report. Deepfakes are AI-generated creations like images, videos, and…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi saw developers behind Base and Optimism protocols join hands to develop a revenue and governance sharing framework. The $1.5-billion Multichain hack has seen some new evidence —…
Stephen King, the iconic horror author behind novels like “It” and “The Shining,” believes that opposing AI is futile—and he should know, since his works have already been used to train it. In a world where artificial intelligence is rapidly becoming a part of our daily lives, the debate over its use in creative fields is heating up. The best-selling…
Crypto exchange Binance has removed “yellow” and “green” payment options from its peer-to-peer service after being criticized for using these code words to represent sanctioned Russian banks, Cointelegraph confirmed on Aug. 25. Payment method searches for color-themed code words result in no hits. Source: Binance. Binance’s peer-to-peer exchange service is a message board allowing users to offer to buy or…
