Beleaguered crypto business Digital Currency Group (DCG) has hired top white collar defense lawyer Barry Berke, according to reports. Bloomberg first reported on Wednesday that Berke will defend the DCG against a civil lawsuit from New York Attorney General Letitia James filed last month. “This misguided and meritless lawsuit proves the adage that ‘no good deed goes unpunished,’” Berke said in…
NFTs have changed our understanding of digital assets since gaining more mainstream attention in recent years. With this, the relationship between NFTs and physical assets has also emerged as an intriguing and innovative use-case for this technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique digital tokens…
Bitcoin (BTC) will “reassert” itself to deliver over 100% annual BTC price gains, says one of the crypto industry’s major proponents. In an interview with CNBC airing Oct. 5 and published Oct. 31, Dan Morehead, CEO of hedge fund Pantera Capital, predicted continued crypto expansion. Morehead: “We could easily see” 40% stocks meltdown Bitcoin closed October up 29%, seeing its…
Payments firm PayPal yesterday achieved registration with the U.K.’s Financial Conduct Authority (FCA) as a crypto service provider, as confirmed by the FCA’s official site. The registration of “Paypal UK Limited” now allows the firm to offer crypto-related services and products to British users. Before offering such services in the U.K., businesses must first gain approval, aligning with FCA’s regulations…
The stars are lining up for Bitcoin price, but a few major price threats remain in play. Source: https://cointelegraph.com/public/index.php/news/bitcoin-futures-highlight-investors-bullish-view-but-theres-a-catch
Sam “SBF” Bankman-Fried’s trial has entered the final stages, with the prosecution delivering its closing arguments in the case on Nov. 1. Closing arguments are the last opportunity for lawyers to convince the jury and judge that they should win the case. Prosecutors had previously estimated that their closing arguments would take up to four hours. Right after, Bankman-Fried’s defense…
Bitcoin (BTC) is at 17-month highs with just 164 days until the next Bitcoin halving event, alongside anticipation of a spot Bitcoin exchange-traded fund (ETF) approval in the coming months. Yet, amid Bitcoin’s 106.38% year-to-date gains, the stablecoin supply rate oscillator (SSRO) has raised a major flag despite suggesting the beginning of a new bull cycle. Stablecoin buying power weakens ahead of Bitcoin ETF…
The United Kingdom’s global summit on artificial intelligence (AI) safety, “AI Safety Summit” began on Nov. 1 and will carry on through Nov. 2 with government officials and leading AI companies from the world in attendance, including from the United States and China. U.K. Prime Minister Rishi Sunak is hosting the event, which is taking place nearly 55 miles north…
Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom. According to official FCA data, PayPal has been registered to offer “certain crypto asset activities” in the U.K. since Oct. 31, 2023. According to the register, PayPal has requirements or restrictions placed on the financial services activities that it…
AI developers are taking revenue, data and users away from news publications by building competing products, the News Media Alliance claims. Source: https://cointelegraph.com/public/index.php/news/ai-chatbots-ripping-off-news-media-group-says
