Month: April 2024

South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading media reports. FSCA Continues to Receive License Applications The Financial Sector Conduct […] Source: https://news.bitcoin.com/south-african-regulator-licenses-75-institutions-as-crypto-asset-service-providers/

A misinterpreted announcement by the HBAR Foundation suggested that Blackrock’s ICS US Treasury Fund was tokenized on the Hedera blockchain in partnership with Archax and Ownera, leading to a significant misunderstanding and a 96% increase in the HBAR token price within 24 hours. However, Blackrock had no direct involvement in the tokenization process, as clarified […] Source: https://news.bitcoin.com/hbar-token-price-soars-96-after-misinterpreted-blackrock-announcement/

Ray Youssef, the former Paxful CEO, has commented on the negative impact of high transaction fees on bitcoin adoption in emerging markets. Youssef stated on social media that the recent developments in the bitcoin fee market have pushed users to alternatives such as USDT on the Tron blockchain over bitcoin in Global South countries. Noones […] Source: https://news.bitcoin.com/noones-ceo-ray-youssef-blasts-bitcoin-fees-we-have-failed-the-global-south/

The Securities and Exchange Commission (SEC) of the Philippines has requested that tech giants Apple and Google remove Binance apps from their respective app stores. The SEC chairman stated that the blockade on Binance, coupled with the removal of its app, curbs the further spread of its unlawful activities in the country. Binance Apps Pose […] Source: https://news.bitcoin.com/philippines-securities-regulator-requests-apple-and-google-to-remove-binance-apps/

Cosmos developers have successfully rectified a critical security vulnerability in its Inter-Blockchain Communication (IBC) protocol, which had placed assets worth at least $126 million in jeopardy, following a private notification from Asymmetric Research. This flaw, existing in the protocol since its 2021 inception, became exploitable recently with the introduction of new codebase developments but was […] Source: https://news.bitcoin.com/cosmos-developers-patch-critical-flaw-in-ibc-protocol-safeguarding-126-million-in-assets/

Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, is launching a popular initiative to amend the country’s constitution to allow its central bank to purchase and hold bitcoin. The initiative is also supported by Bitcoin Suisse President Luzius Meisser, who believes the bank should add bitcoin to its reserves. A Reform […] Source: https://news.bitcoin.com/bitcoiners-seek-constitutional-reform-to-allow-swiss-national-bank-to-purchase-bitcoin/

Virtual personal assistants powered by artificial intelligence are becoming ubiquitous across technology platforms, with every major tech firm adding AI to their services and dozens of specialized services tumbling onto the market. While immensely useful, researchers from Google say humans could become too emotionally attached to them, leading to a host of negative social consequences. A new research paper from…

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The Bitcoin halving has come and gone, and along with the milestone, the new Runes token protocol went live on the Bitcoin network. Since its launch on April 20, the Runes protocol has seen over eight thousand “etchings”—the preferred term for the deployment of Runes tokens—created on the Bitcoin blockchain, according to Ordinals and Runes launchpad Luminex. One trend that…

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Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their entirety,” Ripple stated. Ripple Files Opposition to […] Source: https://news.bitcoin.com/ripple-asks-court-to-reject-secs-2-billion-penalty-request-in-xrp-case/

To fight the spread of child sexual abuse material (CSAM), a coalition of top generative AI developers—including Google, Meta, and OpenAI—vowed to enforce guardrails around the emerging technology. The group was pulled together by two non-profit organizations: children’s tech group Thorn and New York-based All Tech is Human. Formerly known as the DNA Foundation, Thorn was launched in 2012 by…

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