The complainants and Coinbase disagree on whether a government contract to custody seized crypto breaches campaign finance laws or not. Source: https://cointelegraph.com/news/crypto-critics-file-updated-complaint-against-coinbase?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Video Game Actors Strike Continues Over AI Protections
The video game actor strike has entered its second week, and there appears to be no progress in returning to the bargaining table. SAG-AFTRA—the union representing approximately 160,000 actors, performers, and other professions across the entertainment industry—walked away from negotiations with several video game publishers over what they deemed unacceptable terms regarding the use of artificial intelligence in video game…
French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and […] Source: https://news.bitcoin.com/french-regulator-begins-accepting-crypto-service-provider-applications-ahead-of-mica-regulation/
US Bitcoin, Ethereum ETFs hit $6B volume amid market rout
Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs. Source: https://cointelegraph.com/news/us-bitcoin-ethereum-etfs-6-billion-volume-crypto-crash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Wharton Professor Calls for Emergency Rate Cut Following Market Downturn
Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing […] Source: https://news.bitcoin.com/wharton-professor-calls-for-emergency-rate-cut-following-market-downturn/
US senators urge CFTC to finalize ban on election betting
It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election. Source: https://cointelegraph.com/news/us-senators-call-cftc-ban-election-betting?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil
The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button for liquid assets during broad-based panics. But from my seat, today’s events play into the long-term story for […] Source: https://news.bitcoin.com/market-panic-bitwise-cio-reflects-on-bitcoins-resilience-amid-market-turmoil/
Meet the Long-Shot Candidate Letting AI Run His Campaign
The relationship between artificial intelligence and politics is fraught, to say the least. Policymakers at the highest levels are fighting against deepfakes and disinformation campaigns, while all major AI platforms place tight guardrails around election-related prompts and many prohibit use by politicians. But one candidate for U.S. president—albeit not on any ballots to date—is all-in on AI. Thomas Ross is…
Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with Russia using crypto, and how this might encourage other nations to do the same. El Salvador Might Start […] Source: https://news.bitcoin.com/latam-insights-encore-el-salvadors-proposal-opens-the-door-for-crypto-based-international-settlements/
Trump cautions current administration not to sell Bitcoin
The former president continues to stress that if the United States does not innovate in the digital asset sector, other countries will. Source: https://cointelegraph.com/news/trump-cautions-current-administration-not-sell-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound