The Central African Republic (CAR) has extended its Sango blockchain project to tokenization of its land and natural resources. The country, one of the poorest and most crypto-friendly in the world, is one of the most active in crypto innovation. According to an announcement posted on X (formerly known as Twitter), the CAR National Assembly passed a law on tokenizing…
Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares. Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone. This week in Fund Flows…
Institutions are “disappointed” by the SEC’s lack of decision-making regarding an ETF, according to the most recent report from CoinShares, prompting a widespread sell-off by large entities totalling an impressive $55 million worth of digital asset outflows in the past seven days. As James Butterfill, head of research for CoinShares wrote, “Disappointment from SEC ETF decisions has impacted sentiment,” with Bitcoin’s…
Institutions are “disappointed” by the SEC’s lack of decision-making regarding an ETF, according to the most recent report from CoinShares, prompting a widespread sell-off by large entities totalling an impressive $55 million worth of digital asset outflows in the past seven days. As James Butterfill, head of research for CoinShares wrote, “Disappointment from SEC ETF decisions has impacted sentiment,” with Bitcoin’s…
Blockchain-based games with cryptocurrency or NFT elements are banned on Valve’s Steam PC gaming marketplace—but the developers of such games have found ways to launch them on the popular platform, finding apparent ways to get around the restrictions. Steam initially added the restrictions in 2021, prohibiting games “built on blockchain technology that issue or allow the exchange of cryptocurrencies or…
Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to taxation of digital assets. In an Aug. 21 letter to Senators Ron Wyden and Mike Crapo, Coin Center pointed to the Virtual Currency Tax Fairness Act — a bill previously introduced in other sessions of Congress — for provisions including having…
Cryptocurrency exchange Coinbase has received approval from the United States National Futures Association to offer investments in crypto futures to eligible customers. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading Commission-regulated derivatives exchange. Meanwhile, citing sources familiar with the matter, The Wall Street Journal reported that the U.S. Securities and…
New York fintech firm Titan Global Capital Management has agreed to pay the U.S. Securities and Exchange Commission over $1 million in fines after the regulator charged it with misleading investors over its crypto product. In a statement Monday, Wall Street’s top watchdog said that Titan made “conflicting disclosures to clients” about how it custodied crypto assets. Titan, according to…
More than five percent of jobs in the developed world could be eliminated through automation powered by artificial intelligence—while those in lower-income countries might see less than half a percent of workers impacted. That’s one of the conclusions of the International Labour Organization (ILO), which recently released a report titled “Generative AI and Jobs: A global analysis of potential effects…
In the past few months, Bitcoin (BTC) traders had grown used to less volatility, but historically, it’s not uncommon for the cryptocurrency to see price swings of 10% in just 2 or 3 days. The recent 11.4% correction from $29,340 to $25,980 between August 15 and August 18, took many by surprise and led to the largest liquidation since the…
