RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present. Source: https://cointelegraph.com/news/reserve-bank-australia-launches-three-year-program-wholesale-cbdc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Crypto influencer hit with bot claims after nabbing ‘best content creator’ award
Crypto influencer “Professor Crypto” deleted posts of him celebrating the award shortly after being accused of using bots to boost his following. Source: https://cointelegraph.com/news/crypto-influencer-bot-allegations-after-kol-award-win?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC Hits Flyfish Club With Charges for Unregistered NFT Offering
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […] Source: https://news.bitcoin.com/sec-hits-flyfish-club-with-charges-for-unregistered-nft-offering/
House Republicans demand SEC’s Gensler clarify crypto airdrops stance
US Representatives Tom Emmer and Patrick McHenry gave Gary Gensler until the end of the month to answer questions about the SEC’s approach to crypto airdrops. Source: https://cointelegraph.com/news/republicans-demand-sec-gary-gensler-clarify-crypto-airdrops?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility […] Source: https://news.bitcoin.com/binance-rejects-wazirxs-claims-denies-responsibility-for-hack-consequences/
South Korea’s crypto market growth fueled by rising Premium Index: Chainalysis
The Korea Premium Index drives price surges in South Korea’s crypto market, where institutional trading plays a pivotal role. Source: https://cointelegraph.com/news/south-korea-crypto-market-growth-korea-premium-index-chainalysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin ETFs Add $250 Million in Surge Ahead of Expected Rate Cut
Bitcoin exchange-traded funds (ETFs) are seeing a fresh surge of interest. Figures shared by blockchain data firm Arkham Intelligence show that the American funds collectively added approximately $250 million worth of Bitcoin on Monday, the most added in a single day for more than a month. Following the jump, the price of Bitcoin itself touched over $61,000 per coin on…
SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors
The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from unsuspecting investors. The charges mark the first SEC enforcement actions against such scams. SEC Targets Crypto Scams in Latest Enforcement Action […] Source: https://news.bitcoin.com/sec-takes-action-against-fake-crypto-platforms-using-social-media-to-deceive-investors/
California Governor Signs Actor Union-Supported AI Deepfake Bills into Law
California Governor Gavin Newsom signed two bills into law on Tuesday that require the consent of actors and performers before a digital replica can be created and used. The bills, AB2602 and AB1836, also aim to put in place protections from unauthorized AI-generated deepfakes for living and deceased performers. Last year, the use of artificial intelligence became a major sticking…
Let Americans Have Their Crypto Airdrops, Lawmakers Tell Gary Gensler
In a letter to the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, Representative Tom Emmer (R-MN)—the House Majority Whip—expressed concerns about how the regulator views crypto airdrops under the lens of securities law. In the letter, co-signed by Chairman of the House Committee on Financial Services Patrick McHenry (R-NC), Emmer pointed to a lack of regulatory framework in…