While the term “fake news” has been floating around for a while, the phrase was given new life and popularity when former United States President Donald Trump turned it into a viral campaign slogan. “Fake news” eventually became a generation-defining meme, and this is likely because there is a certain truth to the phrase that resonates with the public to…
Bitcoin (BTC) continues to hold key support which new analysis says “improves bullish probabilities.” In an X (formerly Twitter) thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground. Analysis: Enduring Bitcoin support “a great sign” Bitcoin is wedged between the 200-week simple moving average (SMA) and…
Jesse Powell, the co-founder and Chairman of the Board at crypto exchange Kraken, has argued that Reddit should have “offered a redemption path” for owners of its discontinued crypto-powered Community Points. In a post on Reddit, Powell wrote that, “I personally don’t see the regulatory problems” cited by Reddit in its explanation for the “sunsetting,” adding that, “I get that…
SUI, the native token of the eponymous proof-of-stake (PoS) blockchain, faced another significant drop over the past 24 hours, plummeting to an all-time low of $0.367 in the early hours on Wednesday. The altcoin managed to climb back to $0.377 at press time, marking a 5.5% drop in value on the day. SUI is down 8.7% over the past week,…
Major cryptocurrency exchanges and businesses are being lured to a proverbial crypto oasis around the Persian Gulf, according to Binance FZE’s general manager. Alex Chehade, who heads Binance’s local operation in Dubai, tells Cointelegraph reporter Ezra Reguerra that progressive regulatory frameworks in the region are a major drawcard for startups and established industry players: “What stands out in the Middle…
During her opening speech at the International Monetary Fund’s (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva said digitalization is “the most important way” to scale up financial inclusion. “It is digital that moves help to people, investment and ability of the economy to accelerate,” Georgieva said, citing digital cash transfers in the African nation…
The eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, was formally adopted by the Council of the European Union on Oct. 17. The regulation will enter into force after it’s published in the Official Journal of the EU. DAC was sanctioned in May 2023 following the enactment of the Markets in Crypto-Assets (MiCA) legislation.…
The United Kingdom (U.K.) will be hosting the world’s inaugural international summit on artificial intelligence (AI) safety in Nov. 2023. This event seeks to establish the U.K.’s presence as a mediator between the United States, China and the European Union in the critical field of technology, post-Brexit. The summit scheduled for Nov. 1-2 will place significant emphasis on the potential…
Decentralized autonomous organizations (DAOs) need a comprehensive regulatory framework if they are to make a place in the future of the financial sector, suggests the European Central Bank (ECB) occasional paper (OP). The OP “The future of DAOs in finance – in need of legal status,” authored by Ellen Naudts, Market Infrastructure Expert Payments at ECB, highlighted how technology outpaced regulation…
Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry. Yuga Labs CEO Daniel Alegre took to X (formerly Twitter) on Oct. 17 to report that the company has finalized its restructuring that was announced in early October. “We now begin the task of…
