The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions […] Source: https://news.bitcoin.com/experts-defi-thrives-where-banks-falter-fragmentation-a-hurdle/
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
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
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/
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
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/
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 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…
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 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…
