The United Kingdom Financial Services and Markets Act’s provisions on a digital securities sandbox are scheduled to come into force in January 2024 after being presented to Parliament. In a Dec. 18 publication, the U.K. government announced the Digital Securities Sandbox (DSS) regulations of the 2023 Financial Services and Markets Act, which were laid before Parliament, paving the way for…
What a time to be a dog-themed Solana meme coin. For weeks, BONK, a Shiba Inu-inspired Solana token, soared with no end in sight, dominating crypto discourse and enriching holders hundreds of times over. Now, another Solana meme coin is catching fire, apparently by ever so slightly innovating on the BONK aesthetic. It’s a dog, yes—but this time, it has…
Nowadays, everyone has an opinion on artificial intelligence (AI) and its potential risks. Even Pope Francis — the head of the Catholic Church — warned humanity of AI’s potential dangers and explained what needs to be done to control it. The Pope wants to see an international treaty to regulate AI to ensure it is developed and used ethically. Otherwise,…
Neobank Revolut will temporarily halt cryptocurrency purchases on its business platform in the United Kingdom at the beginning of the new year, according to a media report. An email informing customers of the decision mentioned only purchasing, implying holding crypto and selling it could go on uninterrupted. Revolut said the pause was needed to give it more time to comply…
Big investors have pulled some money out of Bitcoin products, but they’re still eyeing up the alts—with Solana (SOL) attracting the most attention. Investors plugged $21 million into crypto funds last week, digital asset fund manager CoinShares said in a Monday report. Most of the cash—$10.6 million—went into SOL products, the report added. SOL, the sixth biggest cryptocurrency by market…
The S&P 500 Index (SPX) rose 2.49% last week, extending its string of weekly gains to seven weeks, the longest such winning streak since 2017. However, Bitcoin (BTC) could not maintain its momentum and succumbed to profit-booking by the bulls. Trading resource Material Indicators said in a X (formerly Twitter) post that “ year-end profit taking and tax loss harvesting”…
Actor Jonathan Goldsmith, who appeared as ‘The Most Interesting Man in the World’ in an advertising campaign for Dos Equis beer, is reviving his persona to promote Bitcoin (BTC) exchange-traded funds (ETFs) for Bitwise Asset Management. In a Dec. 18 post on X — formerly Twitter, Bitwise released an ad spot with Goldsmith showing the ‘Most Interesting Man’ in an…
A Lido holder initiated a class action lawsuit against the governing body for liquid staking protocol Lido, according to a complaint filed in a San Francisco United States District Court on Dec. 17. The lawsuit alleges that the Lido token is an unregistered security and that Lido decentralized autonomous organization (Lido DAO) is liable for plaintiffs’ losses from the token’s…
The $383 million Zilliqa ecosystem is experiencing disruptions due to a “critical situation” impacting the network. According to a Dec. 18 post by developers, the Zilliqa blockchain faces a “technical issue that has resulted in an interruption to block production.” Blockchain data shows that daily transactions on Zilliqa subsequently plunged by roughly 50% to 30,906, compared to an average of…
Irys, a prominent layer-2 network within the Arweave ecosystem, allegedly has plans to fork the Arweave network with the intent to “drop the dataset and reset the token supply,” according to a Dec. 17 post by Arweave founder Sam Williams. He alleges that despite the existence of a safe upgrade mechanism with Arweave, Irys developers plan to proceed with a hard…
