While challenges remain, Ripple’s victory has set a precedent that could shape the future of the cryptocurrency industry for years to come. Source: https://cointelegraph.com/news/xrp-ruling-anniversary-crypto-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Global Crypto Advocacy Movement Reaches Canada
Stand with Crypto, a global movement advocating for sensible crypto innovation and policy, has expanded to Canada. Originating in the U.S. with over 1.1 million advocates, the movement is now active in the UK and aims to amplify Canadian voices. With approximately 5 million crypto holders in Canada, there is significant support for blockchain technology […] Source: https://news.bitcoin.com/global-crypto-advocacy-movement-reaches-canada/
Binance faces verdict in Nigerian tax evasion trial on Oct. 11
Binance’s lawyer urged the judge to dismiss all charges, just as the charges against the detained executive were previously dropped, arguing that the case lacks substance. Source: https://cointelegraph.com/news/binance-tax-evasion-verdict-nigeria-october-11-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Marathon Digital Bitcoin Mine Manager Acquitted of Noise Violations In Texas
David Fischer, who serves as a plant manager for a Bitcoin mine owned by Marathon Digital, a public Bitcoin mining company, has been acquitted of having responsibility for several noise complaints brought by citizens living nearby. The operation, located in Texas, is one of the least remote mines managed by the company. Marathon Digital Plant […] Source: https://news.bitcoin.com/marathon-digital-bitcoin-mine-manager-acquitted-of-noise-violations-in-texas/
Open Source Tools Levels Playing Field for Smaller AI Firms Says Decentralized AI Proponent
To preempt lawsuits and counter allegations that they are training their respective artificial intelligence (AI) models with illegally obtained data, AI firms should rely on publicly available or open-source data, according to Alberto Fernandez. Fernandez, a proponent of decentralized AI and also the European representative of Qubic Ecosystem, emphasizes that AI firms should consider anonymizing […] Source: https://news.bitcoin.com/open-source-tools-levels-playing-field-for-smaller-ai-firms-says-decentralized-ai-proponent/
Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF
Three-quarters of the jurisdictions surveyed by the Financial Action Task Force (FATF) “are only partially or not compliant” with the anti-money laundering recommendation for the virtual assets sector. According to the latest FATF update, 60% (88 jurisdictions) have decided to permit virtual asset service providers (VASPs), while 14% (20 jurisdictions) explicitly prohibit them. The FATF […] Source: https://news.bitcoin.com/three-quarters-of-jurisdictions-partially-or-not-compliant-with-vasp-sector-recommendation-says-fatf/
Binance Seeks to Reduce Stake in Operator of South Korean Crypto Exchange Gopax to 10%
Binance is reportedly seeking to reduce its stake in the South Korean crypto exchange Gopax’s parent company, Streami, to approximately 10%. Binance’s mooted sale of the stake to Megazone comes just over a year after Binance acquired the controlling stake. The exchange needs to offload the stake well before the August 11 deadline for reporting […] Source: https://news.bitcoin.com/binance-seeks-to-reduce-stake-in-operator-of-south-korean-crypto-exchange-gopax-to-10/
Spot Bitcoin ETFs see highest flow day in over 5 weeks
The $310 million in flows was led by BlackRock and Fidelity’s Bitcoin ETFs, while Grayscale recorded a rare inflow day at $23 million. Source: https://cointelegraph.com/news/spot-bitcoin-etfs-see-highest-flow-day-in-over-5-weeks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80%
DBS, a leading financial services group in Asia, reports a significant increase in the trading value of digital payment tokens on its digital exchange for the first five months of this year. The surge reflects growing institutional interest in digital assets as part of alternative portfolios. “We are studying listing stablecoins on our exchange and […] Source: https://news.bitcoin.com/dbs-digital-exchange-sees-3-fold-surge-in-trading-value-custodied-crypto-up-80/
China and Kazakhstan Sign CBDC Collaboration Agreement
The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan, aims to enhance CBDC research through joint initiatives and professional development. China and Kazakhstan to Collaborate on Central Bank Digital Currencies […] Source: https://news.bitcoin.com/china-and-kazakhstan-sign-cbdc-collaboration-agreement/