Month: May 2024

The Grayscale-Harris Poll survey, conducted in April-May 2024, reveals crucial insights into American likely voters’ views on cryptocurrency and its potential impact on the upcoming presidential election. The survey, involving over 2,000 adults, highlights key trends such as high interest in crypto among young, minority, male, and Democratic voters. Significant findings include 97% of likely […] Source: https://news.bitcoin.com/survey-77-believe-presidential-candidates-should-be-informed-on-ai-and-crypto/

Just days after OpenAI announced the formation of its new Safety Committee, former board members Helen Toner and Tasha McCauley publicly accused CEO Sam Altman of prioritizing profits over responsible AI development, hiding key developments from the board, and fostering a toxic environment in the company. But current OpenAI board members Bret Taylor and Larry Summers fired back today with…

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A new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind. Overall, cryptocurrency adoption is rising worldwide, with notable increases seen across all continents. ‘562 Million […] Source: https://news.bitcoin.com/global-crypto-ownership-reaches-562-million-6-8-of-world-population-now-own-and-use-digital-currencies/

Two Estonian nationals have been extradited from Estonia to the U.S. to face charges for their roles in “a massive multi-faceted cryptocurrency Ponzi scheme,” according to an announcement by the U.S. Department of Justice (DOJ). Sergei Potapenko and Ivan Turõgin are accused of operating a $575 million Ponzi scheme involving the fraudulent cryptocurrency mining service […] Source: https://news.bitcoin.com/estonian-nationals-extradited-to-us-for-575m-crypto-fraud/

U.S. President Joe Biden issued a veto against H.J.Res. 109, a resolution that would disapprove of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121). In its veto document, Bides states that the approval of this Republican-led resolution would “inappropriately constrain the SEC’s ability to set forth appropriate guardrails and address […] Source: https://news.bitcoin.com/president-biden-vetoes-sec-sab-121-repeal-resolution/

Capping off a dizzying week in both crypto and political spheres, U.S. President Joe Biden on Friday notified Congress that he has vetoed a bipartisan-passed resolution that sought to roll back a Security and Exchange Commission that critics said discouraged banks from offering crypto custody services. “This reversal of the considered judgment of SEC staff in this way risks undercutting…

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The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair resolution of issues, maintain records for regulatory review, and provide quarterly analyses. New York Regulator Requires Crypto Firms to Adopt New […] Source: https://news.bitcoin.com/new-york-tightens-customer-service-regulations-for-crypto-companies/

Penguiana, the distinctive penguin-themed meme coin on the Solana blockchain, continues to captivate the crypto community, achieving a new milestone by doubling its market cap to over $2.5 million according to Dexscreener. This surge in valuation underscores the strong investor confidence and community enthusiasm surrounding the project, especially with the impending launch of the GUIANA […] Source: https://news.bitcoin.com/penguiana-doubles-market-cap-to-over-2-5-million-ahead-of-guiana-nft-mint/

The rising trend of “re-staking” has driven significant cryptocurrency investments into platforms that reward users for locking up their tokens. Leading this movement is Seattle-based startup Eigenlayer, which secured $100 million in funding from Andreessen Horowitz’s crypto arm in February. Eigenlayer has attracted $18.8 billion worth of crypto to its platform from less than $400 […] Source: https://news.bitcoin.com/crypto-re-staking-platform-attracts-18-8-billion/