The deadline for President Joe Biden to decide whether to veto or sign a resolution overturning the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules is approaching. The resolution passed both the House of Representatives and Senate despite a prior White House veto threat. Biden Faces Veto Deadline The resolution to overturn the U.S. […] Source: https://news.bitcoin.com/deadline-looms-for-biden-to-veto-congressional-overturn-of-secs-crypto-rules/
The collection will launch on 29 May with fixed pricing across most items. Source: https://cointelegraph.com/news/cristiano-ronaldo-unveils-4th-nft-collection-binance-lawsuit
It was unexpected—but it happened. Despite the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry observers were pessimistic about the United States Securities and Exchange Commission (SEC) giving the green light to an Ethereum equivalent. But on May 23, after months of little engagement with applicants, the regulator quietly said yes to the products. An exchange-traded fund…
The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new phase, finalized in 2025, and will also feature the implementation of smart contracts to nurture use cases […] Source: https://news.bitcoin.com/brazilian-cbdc-pilot-postponed-to-2025-due-to-inefficiency-of-privacy-solutions/
In a recent analysis by Kaiko, it has been found that hedge funds are currently holding net short positions on bitcoin (BTC) and ether (ETH) futures. This strategic move reflects a cautious stance amid fluctuating market dynamics and speculative trading activities. Study Shows Hedge Funds’ Net Short Positions in Bitcoin and Ether Futures Amid Market […] Source: https://news.bitcoin.com/hedge-funds-adopt-net-short-positions-on-btc-and-eth-futures-kaiko-analysis-reveals/
There is undeniable appeal to running AI tools on your own computer, versus relying on online services offered by big tech players like OpenAI, Google, or Meta. But since most are published with software developers in mind, installing AI apps locally can get very complicated, very fast. (We have step-by-step guides for Stable Diffusion and FaceFusion, for example.) It’s not…
Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots. Source: https://cointelegraph.com/news/former-google-china-boss-ai-arificial-intelligence-50-2027
Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners in two new operations. The ministry, which recently declared that it would disconnect all bitcoin miners due to its high energy consumption, has already confiscated over 17,000 miners from several mining farms. Venezuelan Authorities Advance […] Source: https://news.bitcoin.com/venezuelan-authorities-seize-over-6000-bitcoin-miners-in-2-new-operations-over-17000-confiscated-in-total/
The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […] Source: https://news.bitcoin.com/fdusd-supply-shrinks-by-29-amid-stablecoin-supply-shifts/
While the U.S. Securities and Exchange Commission (SEC) has approved several spot ethereum exchange-traded fund (ETF) 19b-4 filings, and ether alongside numerous digital assets have experienced double-digit increases over the past week, the much anticipated ‘altcoin season’ has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of such a season […] Source: https://news.bitcoin.com/despite-ethereum-etf-approvals-altcoin-season-remains-far-off/
