Bitcoin soared 6% overnight, briefly retaking $30,000—a level not seen since earlier this summer. The largest cryptocurrency by market cap has retraced some, however, and is now trading hands at $29,938, per CoinGecko data. The latest uptick comes amid a raft of refilings and amendments from finance’s biggest players, as the race for a spot Bitcoin ETF heats up. A…
Ripple’s new win in the legal battle against the United States securities regulators has been marred for crypto enthusiasts by news of the blockchain platform LBRY shutting down operations, which has triggered the community to react. The U.S. Securities and Exchange Commission (SEC) announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen…
After a series of remarks about the potential benefits of central bank digital currency (CBDC) for the national economy, the Central Bank of Argentina said it has accelerated its work on the legislation to implement the CBDC workflow in the country. On Oct. 18, during a public discussion on the Filo News channel, Argentina Central Bank director Juan Agustín D’Attellis Noguera…
Solana (SOL) has surged past $25 in the early hours on Friday, hitting a three-month high of $26.84 and returning to levels not seen since July. At press time, SOL is up 12% over the past 24 hours, and as much as 26% over the last week, according to data provided by CoinGecko. The move has squashed bears in their…
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) on Oct. 20 jointly released a consultation paper featuring two drafts. These drafts encompass the assessment of the suitability of management body members and shareholders or members holding qualifying stakes in issuers of asset-referenced tokens (ARTs) and crypto-asset service providers (CASPs). The proposed joint guidelines for evaluating…
On Oct. 18, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion statement on the regulation of “digital euro,” proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European central bank digital currency (CBDC). The EDPB and EDPS suggest…
While the development of artificial general intelligence (AGI) comes with a truckload of benefits, it also comes with massive risks if the technology falls into the wrong hands. However, decentralization using blockchain technology might help prevent a catastrophe, according to Janet Adams, the chief operating officer of the artificial intelligence and Web3-focused project SingularityNET. At the Future Blockchain Summit event…
In the fraud trial of Sam Bankman-Fried, prosecutors have requested the judge to inform the jury that the defendant’s assertion that he is an effective altruist should not serve as a legitimate defense. Bankman-Fried faces allegations of misappropriating billions of dollars from FTX customers for personal purposes, such as political contributions, real estate and investments. In a letter presented on…
Bitcoin (BTC) passed $29,500 on Oct. 20 after an eventful 24 hours boosted BTC price trajectory while XRP price jumped above $0.50 in response to Ripple’s big legal win. BTC/USD 1-hour chart. Source: TradingView Hawkish Fed’s Powell fails to dent BTC price Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it edged closer to two-month highs from the start of…
According to cybersecurity analysts at 0xScope and CertiK, threat actors may prefer using BNB Smart Chain contracts because it’s cheaper and seen as having lowe… Source: https://cointelegraph.com/public/index.php/news/ether-hiding-why-hackers-prefer-binance-bnb-smart-chain
