Coinatory

Paxos, a fintech company specializing in blockchain technology, has recently formed a partnership with the online marketplace Mercado Libre. Their collaboration aims to introduce the Pax Dollar (USDP) stablecoin to users in Mexico. Transactions will be facilitated by MercadoPago, which happens to be a digital wallet app by Mercado Libre. This strategic decision by Paxos aligns with their overarching goal of becoming a prominent figure in the digital assets sector across the region. According to data provided by the company, more than 60% of their active wallets are presently serving customers in Latin America. In a statement, Arnoldo Reyes, Head of Latin America of Paxos, highlighted the increasing demand for “transformational technology” by digital asset consumers in the region. He added: “Mexico is one of the most active mar Read more about Introducing USDP: The New Stablecoin for Mexican Residents #Cryptonewstoday, #Mexico, #Paxos, #USDP

The primary banking authority in Italy has emphasized the importance of implementing a robust and risk-based regulatory framework for stablecoins. The aim is to prevent a potential worst-case scenario of a destabilizing "run" on these digital assets. In its latest report, titled "Markets, Infrastructures and Payment Systems" for June, the central bank specifically urges regulators to enforce comparable financial conduct standards on stablecoin issuers within the industry. The bank highlights the significant harm inflicted upon consumers in the cryptocurrency sector, considering the rise of cryptocurrencies and the inherent volatility witnessed in unregulated cycles. It particularly emphasizes the need for regulatory attention towards stablecoin issuers, given their close ties with decentralized finance (DeFi). The objective is to Read more about Bank of Italy advocates new regulations following crypto winter fallout #Adoption, #Altcoin, #BankOfItaly, #Bitcoin, #Bloc

The Financial Services and Markets Bill, which has been discussed in the British Parliament since July 2022, is now awaiting royal assent from King Charles in order to become law. Once approved, this legislation will bring cryptocurrencies under the same regulatory framework as traditional assets in the United Kingdom. The bill, which received approval from the upper chamber of the U.K. parliament on June 19, aims to provide legal clarity and support the adoption of cryptocurrencies in the country. It grants the Treasury, Financial Conduct Authority (FCA), Bank of England, and Payments Systems Regulator the authority to establish and enforce regulations for crypto businesses. This development is seen as a significant milestone for the local crypto community, as it paves the way for increased participation and growth. Andrew Read more about UK crypto bill reaches final stage, on track for passage #Adoption, #Altcoin, #Bitcoin, #Blockchain, #BritishParliament, #Cryptocurrency, #Cryptomar

BlackRock, a globally renowned investment powerhouse overseeing approximately $10 trillion in assets, has labeled artificial intelligence (AI) as a "mega force" capable of generating substantial returns for investors in the current "unusual" market climate. The recently published mid-year outlook report by the BlackRock Investment Institute elaborated on their rationale for heightened investment in AI, highlighting various "disruptive" trends that have the potential to propel the sector's rapid expansion in the upcoming years. Related: What is Polkadot (DOT)? Is it a good investment in 2023? The report specifically highlighted the growing concentration of gains in a select few tech stocks within the S&P 500, which tracks the largest US companies. BlackRock suggests that investing in AI presents a favorable opportunity to Read more about AI: The Best Investment Opportunity Right Now #AI, #BlackRock, #Cryptocurrency, #Cryptonewstoday

FTX, the bankrupt cryptocurrency exchange, is moving closer to relaunching itself as an entirely new exchange. In a report from the Wall Street Journal on June 28, FTX's restructuring chief, John Ray, revealed that the company has started seeking interested parties for the relaunch of FTX.com. Discussions have been underway with potential investors regarding financing for this endeavor, with Figure, a blockchain lending company, expressing interest in the process. Related:What is Polkadot (DOT)? Is it a good investment in 2023? Interested bidders have been given a deadline until the end of the week to submit Letters of Intent, outlining the terms and conditions of their participation. It is worth noting that current creditors of FTX may be offered a stake in the restructured crypto exchange, along with other forms of Read more about FTX 2.0 is coming #Cryptomarket, #Cryptonewstoday, #FTX, #SamBankmanFried

The European Commission unveiled its proposed legislative plan for a digital euro on June 28, aiming to establish it as a widely accepted and easily accessible payment method. The announcement emphasized the importance of ensuring convenient access to digital euros through banks, allowing individuals to acquire them upon request and avoiding the exclusion of citizens. In addition, the European Commission proposed a separate measure that would require banks, insurers, and funds to share customer data with fintech firms in exchange for compensation. This proposal aims to foster the advancement of digital finance by facilitating the sharing of customer information. The legislative plan also includes provisions for free essential digital euro services, robust privacy protection measures, and the facilitation of offline payments. Read more about Digital euro proposal from European Commission seeks universal approval #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket,

Project Mariana utilizes an automated market maker to minimize settlement risk and establish a liquidity pool instead of relying on order books. The Bank for International Settlements (BIS) Innovation Hub, in collaboration with the central banks of France, Singapore, and Switzerland, has published an interim report on Project Mariana. The project focuses on the use of wholesale central bank digital currency (wCBDC) in tokenized foreign exchange trading. It serves as a proof-of-concept to address concerns regarding credit, settlement risk, and interoperability. Specifically, the project explores the feasibility of an international FX interbank market using wCBDCs on a blockchain-based network by examining automated market makers (AMMs), token standards, and network bridges. AMMs are smart contracts used in decentralized finance Read more about BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency,

Block CEO Jack Dorsey has publicly criticized Apple CEO Tim Cook, accusing him of not supporting Bitcoin payments in line with Apple's app store policies. Dorsey's remarks come in response to Apple's decision to remove the Bitcoin-based social app, Damus, from its marketplace, a move that was recently confirmed by Apple. Damus is a decentralized social media application designed for engaging with Nostr, a Bitcoin-based protocol that enables information and message exchange in a censorship-resistant manner. One of Damus' notable features is "zaps," which allows users to tip each other in Bitcoin using the lightning network. These transactions operate on a peer-to-peer basis, and Damus does not take any fees from these transactions. However, Apple deemed this feature in violation of its terms of service two weeks ago. According to Read more about Why doesn’t Apple support bitcoin? #Apple, #Bitcoin, #Cryptocurrency, #Cryptonewstoday

According to a tweet by Glassnode, an on-chain analytics platform, Bitcoin miners have been transferring unprecedented quantities of BTC to centralized cryptocurrency exchanges, reaching a new record in revenue on June 27. Glassnode's recent observations highlight an "extremely high exchange interaction" occurring among Bitcoin miners. In the past week, these miners have sent an unprecedented amount of $128 million to cryptocurrency exchanges, which is equivalent to 315% of their daily revenue. This surge in miner revenue being transferred to exchanges is reminiscent of similar occurrences during the 2021 bull run when miners capitalized on profits. Additionally, there was a significant influx of capitulation during late 2022 as the market reached its cycle bottom. Related: Price of Bitcoin: 6 main factors influence the BTC Read more about Bitcoin miners send record $128M in revenue to exchanges #Bitcoin, #BitcoinMining, #BitcoinPrice, #Cryptonewstoday

Bitfinex, a digital asset exchange, has expanded its operations in Latin America by launching a peer-to-peer (P2P) trading platform in Venezuela, Argentina, and Colombia. The platform, called "Bitfinex P2P," enables users in these countries to engage in the buying and selling of cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Tether (USDT), Tether's euro-pegged stablecoin (EURT), and Tether Gold (XAUT). Paolo Ardoino, the chief technology officer of Bitfinex, stated that this expansion is part of the company's efforts to promote digital asset-related financial services in Latin America. This launch comes after Bitfinex obtained a digital asset service provider license from El Salvador's National Digital Asset Commission in April. Furthermore, the exchange formed a partnership with Chile-based crypto platform OrionX in May, with Read more about Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia #Adoption, #Altcoin, #Argentina, #Bitcoin

Circle is placing its primary focus on expanding into the Asian market, with a specific emphasis on monitoring regulatory developments in Hong Kong. The cryptocurrency company, renowned for introducing the stablecoin USDC, has announced its intentions to establish a stronger presence in Asia, giving particular attention to Hong Kong. During a Bloomberg Television interview at the World Economic Forum in Tianjin, China, CEO Jeremey Allaire revealed this plan. Allaire emphasized the significance of Hong Kong within the realm of digital currencies, as the city has implemented new regulations for crypto exchanges starting from June 1. As a result, Hong Kong has emerged as a prominent location for crypto businesses, with notable names such as BitMEX and Bitfinex already operating extensively in the region. Due to increasing regulations Read more about Circle targets Asian market in business expansion #Adoption, #Altcoin, #Asia, #Bitcoin, #Blockchain, #Circle, #Cryptocurrency, #Cryptomarket,

Over the past few months, a series of prominent U.S. grocery chains have fallen victim to scammers who have been issuing fake bomb threats and demanding money. According to a recent report by the Wall Street Journal, several major U.S. grocery chains, including Kroger, Walmart, and Whole Foods Market, have been targeted by scammers in recent incidents across Wisconsin and other locations. These scammers have been issuing false bomb threats, accompanied by demands for ransom payments. Law enforcement agencies are actively investigating these cases. One incident took place in a suburb north of Chicago, where an employee at a Whole Foods store received a call claiming that a pipe bomb had been placed within the premises. The caller threatened to detonate the bomb unless a payment of $5,000 in Bitcoin (BTC) was made. Similarly, an Read more about Scammers Target Major US Grocery Chains Demanding Bitcoin Payments #Cryptonewstoday, #Scam, #USA, #Walmart

Major U.S. financial institutions, actively aiming to offer clients Bitcoin exposure, are managing a staggering amount of assets totaling at least $27 trillion. On June 26, Meltem Demirors, the chief strategy officer at CoinShares, pointed out eight prominent institutions that have shown interest in the digital assets sector. These include BlackRock, which filed for a spot Bitcoin ETF, and Fidelity, which offers cryptocurrency wealth management solutions. Additionally, JP Morgan, Morgan Stanley, Goldman Sachs, BNY Mellon, Invesco, and Bank of America are among the institutions involved. Related: What is Polkadot (DOT)? Is it a good investment in 2023? “Many of the largest financial institutions in the US are actively working to provide access to Bitcoin and more,” she noted, adding that there is a whopping $27 trillion in ass Read more about $27 trillion AUM is perched over Bitcoin and crypto #Bitcoin, #BlackRock, #Cryptonewstoday, #JPMorgan

At a conference in Zurich, Thomas Jordan, the head of the Swiss National Bank (SNB), made an announcement regarding a project. Despite the announcement, the bank remains cautious about implementing a retail central bank digital currency (CBDC). According to a report, the SNB chair, Thomas Jordan, revealed plans to launch a pilot project for a wholesale CBDC (wCBDC). Reuters reported that Jordan stated the project would commence in the near future. The wCBDC will be issued on the Swiss SIX digital exchange and will run for a limited duration. Jordan made this statement at the Point Zero Forum in Zurich on June 26. It is worth noting that the SIX Group operates Switzerland's largest stock exchange. According to the report, Jordan emphasized that the pilot project is not merely an experiment, as it involves real money equivalent to Read more about Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’ #Adoption, #Altcoin, #Bitcoin, #Blockchain, #CBDC, #Cryptocur

Coinbase, a prominent global cryptocurrency exchange, has opted to eliminate an additional seven trading pairs for certain supported assets on its platform. In an effort to enhance trading conditions for its users and optimize liquidity, Coinbase has chosen to streamline the available trading options. Coinbase Exchange recently announced through a tweet on June 26 that trading will be suspended for several markets starting at approximately 9 AM PT on June 27, 2023. The affected trading pairs are as follows: BNT-GBP (Bancor Network Token – British Pound) BTRST-GBP (Braintrust – British Pound) CLV-GBP (Clover Finance – British Pound) DDX-EUR (DerivaDAO – Euro) ERN-EUR (Ethernity Chain – Euro) MEDIA-USDT (Media Network – Tether) TRB-BTC (Tellor – Bitcoin) It is common for cryptocurrency exchanges to remove o Read more about Coinbase exchange announces trading pair consolidation for supported assets #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Coinbase, #Cryptocurrency, #Cryptomarket, #Cry

Max Keiser, a well-known advocate and staunch supporter of Bitcoin, has recently expressed his disapproval of Ripple (XRP) once more, using Twitter as his platform to criticize the company. In addition to serving as El Salvador's President Bitcoin advisor, Max Keiser openly criticized Ripple, its CEO Brad Garlinghouse, and the native cryptocurrency of the company, XRP. While acknowledging that the US Securities and Exchange Commission (SEC) is overstepping its boundaries, Max Keiser holds the belief that this won't hinder them from eliminating XRP and other similar cryptocurrencies, which he refers to as "shitcoins." The only exception, according to Keiser, is Bitcoin. Related: XRP: Your Ticket to Financial Freedom or a Dead-End Investment? Going forward, he also said that: “… there’s virtually no rule of law whatsoever in Read more about Will the Securities and Exchange Commission (SEC) eliminate XRP? #Cryptonewstoday, #Regulations, #Ripple, #SEC, #Xrp

The Australian government has introduced a draft bill that cautions tech and social media giants about the consequences of allowing misinformation on their platforms. They may face significant fines if they fail to remove such content. Under the proposed bill, the Australian Communications and Media Authority (ACMA), the country's media regulator, would be empowered to require digital platforms like Google and Facebook to maintain records pertaining to disinformation. These companies would be obligated to provide these records whenever requested by the ACMA. Related: What is Polkadot (DOT)? Is it a good investment in 2023? Furthermore, the ACMA would have the authority to establish an industry-wide "code of practice" aimed at addressing misinformation, and they would be responsible for developing and implementing their own Read more about 'Keep Australia safe': Dystopian draft bill against 'misinformation' unveiled #Australia, #Cryptocurrency, #Cryptonewst

Speculation is spreading that Ripple, a fintech company based in San Francisco, is contemplating a buyback of 10 billion XRP. However, skeptics like lawyer John E. Deaton have cast doubt on these rumors. Deaton took to social media to express his skepticism, emphasizing the need for an official confirmation from Ripple before believing the buyback news. Awaiting clarification from Ripple, Deaton, a crypto lawyer, expressed his doubts on Twitter, indicating that he would only accept the buyback news as valid once it is officially validated by Ripple. The potential buyback carries significant implications for both the company and the broader XRP community. To begin with, it would demonstrate Ripple's confidence in XRP, implying that the company perceives the coin as currently undervalued and anticipates its future value to Read more about Unconfirmed reports say Ripple considering buying back 10 billion XRP, skeptics doubtful #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrenc

AWS is constructing a $100 million AI facility in response to the growing competition in cloud infrastructure services.Amazon's cloud division, known as AWS, is investing $100 million in an initiative to catch up with Microsoft and Google in the field of generative artificial intelligence. As reported by Bloomberg, the forthcoming AWS Generative AI Innovation Center will facilitate collaboration between Amazon's AI and machine learning experts and clients who want to develop applications based on the latest technologies. Generative AI employs algorithms to generate fresh content, such as audio, code, images, texts, simulations, and videos. Amazon has announced that companies like Highspot, Twilio, Ryanair, and Lonely Planet will be among the first to utilize the innovation center. By establishing this new facility, the company Read more about Amazon to invest $100M in generative AI center #AI, #Amazon, #AWS, #Bitcoin, #Blockchain, #ChatGPT, #Cryptocurrency, #Cryptomarket, #Cryp

A British hacker known as Joseph O'Connor also referred to as the PlugwalkJoe, has been sentenced to five years in a U.S. prison for engaging in a SIM swap attack and stealing crypto valued at $794,000. The SIM swap attack involved O'Connor and his accomplices targeting a cryptocurrency exchange executive in 2019. O'Connor was initially apprehended in Spain in July 2021 and subsequently extradited to the United States on April 26, 2023. In May, he pleaded guilty to multiple charges, including conspiracy to commit computer intrusions, wire fraud, and money laundering. The specific identity of the crypto executive who fell victim to the SIM swap attack has not been disclosed. During the period between March and May 2019, O'Connor and his associates successfully executed SIM swap attacks on three executives within the company. By Read more about Crypto hacker gets 5 years in prison after stealing $794,000 #Altcoin, #Bitcoin, #Blockchain, #BritishHacker, #Cryptocurrency, #C

What is Polkadot? Polkadot a protocol crafted with the aim of establishing a network comprising interconnected blockchains. Through this innovative approach, independent blockchains can effectively collaborate and exchange information. It’s also designed to be fast and scalable. In recent years, numerous blockchain projects have shifted their focus towards improving general infrastructure rather than concentrating solely on specific applications. Polkadot is a standout example in this realm, regarded as one of the most successful projects dedicated to enhancing the fundamental technology behind decentralized applications (dApps). By prioritizing infrastructure-related improvements, it plays a vital role in advancing the underlying technology that powers dApps, contributing to the overall growth and development of the blockchain Read more about What is Polkadot (DOT)? Is it a good investment in 2023? #Altcoin, #Cryptocurrency, #DOT, #Polkadot

Sequoia Capital's Alfred Lin defended the firm's investment of $213.5 million in the crypto exchange FTX, which has since filed for bankruptcy. During Bloomberg's Tech Summit, Lin expressed that if given the opportunity to evaluate FTX again, Sequoia would likely make the same investment decision. He stated, "I thoroughly analyzed our actions from multiple perspectives, and it is probable that we would have invested again." Sequoia Capital manages approximately $85 billion in assets and has investments in prominent technology companies as well as various crypto ventures. The venture capital firm allocated a total of $213.5 million across two of its funds for investments in FTX and FTX US. The Global Growth Fund III accounted for a $150 million investment in FTX, equivalent to 3% of the fund's capital. The Capital Global Equities Read more about Sequoia partner says investing in FTX was the right move #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency,

Belgium's Financial Services and Markets Authority (FSMA) has instructed Binance, the world's largest cryptocurrency exchange, to cease all virtual currency services in the country. The FSMA alleges that Binance was offering exchange and custody wallet services involving virtual currencies and legal currencies from countries outside the European economic area (EEA). The regulator's directive mandates Binance to immediately halt such services within Belgium. It emphasizes that individuals and companies governed by Belgian laws, but not belonging to the EEA, are prohibited from engaging in these services. Failure to comply with these regulations may result in criminal penalties, as stated by the FSMA. The call for stricter regulation comes in the wake of Johan Van Overtveldt, a member of the European Parliament and former finance Read more about Binance ordered by Belgian regulator to suspend crypto services #Altcoin, #Belgium, #Binance, #Bitcoin, #Blockchain, #Cryptocurrency

According to a cybersecurity firm based in Singapore, more than 100,000 login credentials for the popular artificial intelligence chatbot ChatGPT have been leaked and sold on the dark web over the past year. The findings, shared in a blog post by Group-IB on June 20, indicate that between June 2022 and May 2023, approximately 101,000 compromised logins for OpenAI's flagship bot were traded on dark web marketplaces. The login details were discovered in the logs of malware designed to steal information. The month of May 2023 recorded the highest number of ChatGPT-related credentials available on illicit online platforms, with nearly 27,000 being offered for sale. Related: What is Solana? Is it good investment in 2023? In terms of compromised logins available for sale, the Asia-Pacific region accounted for the largest share, Read more about Over 100,000 ChatGpt User Data Sold and Exposed #ChatGPT, #Cryptonewstoday, #Darknet, #Regulations

In the realm of a hypothetical "cage match" proposed by Elon Musk, where he would face off against Mark Zuckerberg, the founder and CEO of Meta, betting enthusiasts have expressed a strong inclination towards Zuckerberg. Within a span of 48 hours after Musk's challenge, sports betting companies and odds providers swiftly released preliminary odds for this clash of billionaires. If this fight were to materialize, the odds currently favor Zuckerberg, who possesses Brazilian Jiu-Jitsu training, with a 77% probability of emerging victorious. Despite standing at a relatively shorter height of 5 feet, 7 inches (170 cm), Mark Zuckerberg has actively engaged in Brazilian Jiu-Jitsu (BJJ) since September 2022. His dedication to the sport has yielded notable achievements, as he secured first and second place in two BJJ tournaments within Read more about Musk vs. Zuckerberg: Who Will Emerge Victorious in the Fight? #Bitcoin, #Cryptonewstoday, #Musk, #Zuckerberg

Mastercard has extended the reach of its Engage program, which facilitates connections between card issuers and potential partners possessing the necessary technical expertise to accelerate the launch of crypto credit cards. According to a recent press release, this advancement will allow a wider range of cryptocurrency companies to benefit from Mastercard's extensive global network. Accelerating cryptocurrency card initiativesMastercard has announced the expansion of its Engage program, which aims to connect potential card issuers with partners possessing the required technical expertise to expedite the introduction of cryptocurrency card initiatives. Through this initiative, an increasing number of crypto firms will have the opportunity to utilize Mastercard's vast global network, as indicated in a press release. The Read more about Mastercard boosts ‘Engage’ program to prioritize crypto integration #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #

Atomic Wallet's statement about the hack has caused user concerns following losses of around $100 million. Despite releasing a detailed event statement, the decentralized wallet provider has left users wanting more clarity. In a blog post on June 20, Atomic Wallet provided its first significant update since the exploit on June 3. They claimed that no new confirmed cases have emerged after the initial reports of the hack. The company reiterated their previous claim that less than 0.1% of app users were affected, but this statement has been met with skepticism and criticism online. Atomic Wallet did not disclose the exact cause of the exploit, instead presenting four potential causes, including a virus on user devices, an infrastructure breach, a man-in-the-middle attack, or malware code injection. While none of these Read more about Atomic Wallet’s hack statement raises user concerns amid $100m losses #Adoption, #Altcoin, #AtomicWallet, #Bitcoin, #Blockchain, #Cryptocurrency, #Crypt

The trading card game, which features NFT cards, will now be available to Epic Games. As per the announcement on June 21, Gods Unchained, a Web3 trading card game developed by Immutable Games, has been added to the Epic Games Store, making it accessible to Epic Games' vast customer base of 230 million users. Related: Discover how to create NFT in just 6 easiest steps! Similar to popular games like Hearthstone or Magic: The Gathering Arena, Gods Unchained revolves around collectible trading cards that players can own and trade. Notably, each card in the game is represented by a unique nonfungible token (NFT) on the Ethereum layer-2 network known as Immutable X. Since its launch in June 2019, Gods Unchained has steadily expanded its player base, attracting 80,000 weekly active players as of January 2022. Daniel Paez, executive Read more about New NFT Game Makes Its Debut on Epic Games #Cryptonewstoday, #EpicGames, #Games, #GodsUnchained, #NFT

Currently, there are over 34,000 different types of BRC-20 tokens in circulation. On June 21, BitKeep, a self-custody wallet provider, announced its support for BRC-20 tokens issued on the Bitcoin network. This feature allows users to view, rank, and transfer BRC-20 tokens and NFTs. The developers also mentioned that in-wallet swaps for BRC-20 tokens are planned for the future. OKX, a cryptocurrency exchange, also recently announced its support for BRC-20 assets through the OKX Wallet app. Many centralized and decentralized exchanges have followed suit by adding support for BRC-20 tokens. However, Trust Wallet and MetaMask currently do not support BRC-20 tokens, despite their growing adoption. The current market capitalization of BRC-20 tokens is $154.5 million, which is a significant decrease of nearly 85% from its all-time high Read more about Wallet providers introduce BRC-20 token support despite market drawdown #Adoption, #Altcoin, #Bitcoin, #Blockchain, #BRC20, #Cryptocurrency, #

The U.S. Senate leader, Chuck Schumer, intends to urge Congress to take immediate bipartisan action to develop comprehensive legislation for upcoming artificial intelligence (AI) systems. Schumer plans to deliver his message during a meeting at the Center for Strategic and International Studies in Washington D.C. on June 21, emphasizing the need for urgent bipartisan collaboration in Congress. Excerpts from his speech, released by his office, indicate that he recognizes the inevitability of AI's impact and advocates for a strategy that promotes both innovation and safety measures. "We will exert extensive efforts to craft all-encompassing legislation because of the paramount importance of this issue. We are committed to doing everything possible to achieve success." Schumer intends to highlight the unique challenges associated Read more about US Senator Chuck Schumer calls for ‘comprehensive’ AI legislation #AI, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryp

Deutsche Bank, the biggest bank in Germany in terms of total assets, is said to have requested regulatory authorization to venture into the role of a cryptocurrency custodian. “We’re building out our digital assets and custody business,” David Lynne, who runs the lender’s commercial banking unit, said at a conference Tuesday. “We just put our application into the Bafin for the digital asset license,” he said, referring to Germany’s securities watchdog.  Related: What is Solana? Is it good investment in 2023? According to Lynne, this initiative is a component of Deutsche Bank's broader strategy to enhance fee income within its corporate bank. Additionally, it aligns with similar endeavors pursued by DWS Group, the bank's investment arm, aimed at expanding revenue through products and services associated with digital assets. D Read more about Deutsche Bank Applies for Digital Asset License Amid Growth Push #Bitcoin, #Cryptonewstoday, #DeutscheBank, #Ethereum, #Regulations

Canadians are being urged to verify the authenticity of cryptocurrency trading service providers, as these platforms might employ fictional regulatory bodies to enhance their credibility. As stated in an Investor Alert released on June 20 by the Canadian Securities Administrators, certain crypto platforms are falsely asserting approval from regulatory authorities or dispute resolution organizations in an attempt to create the illusion of legitimacy. “The websites appear to be credible at first glance, with references to complaint processing, dispute resolution and providing redress to aggrieved investors,” the CSA said in a statement. One such website even said its “fictitious certification makes it ‘a reliable and trustable online trading platform,’” according to the CSA, adding: “But upon closer inspection, the websites’ Read more about Crypto firms tout ‘fictitious’ regulatory stamps, Canadian regulator warns #Canada, #Cryptonewstoday, #Ethereum, #Regulations

The United States cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has revealed plans to extend its operations into the Asia-Pacific region. In a blog post on June 19, Gemini announced its intentions to expand its Singapore office and establish an engineering division in India. The exchange expressed its belief that the APAC region holds significant potential for driving the next phase of growth in the crypto industry. This strategic move comes amidst a lawsuit filed against Gemini in January by the U.S. Securities and Exchange Commission (SEC) regarding its product called "Gemini Earn," which allows users to lend crypto assets. Gemini's expansion into different markets appears to be a response to the increased regulatory scrutiny faced by many cryptocurrency firms in the United States. The exchange has already Read more about Gemini plans Asia-Pacific expansion as part of 'next wave of growth for crypto' #Bitcoin, #Blockchain, #Cryptocurre

Elon Musk is currently facing a $258 billion lawsuit accusing him of manipulating the Dogecoin market, and as a result, his legal team is undergoing significant changes. Adam Gabor Mehes, a key litigator, has left the team, and Allison Huebert has taken his place. The world of cryptocurrencies is constantly evolving, but no story garners as much attention as that of Elon Musk, also known as the Dogefather and CEO of Tesla. One recent development in this legal battle involves a crucial member of Musk's legal team, Adam Gabor Mehes, who has filed a motion to withdraw as counsel. This alteration in Musk's legal team composition could potentially be a pivotal moment in the context of the ongoing $258 billion lawsuit. Mehes' departure comes after a notably contentious exchange between Musk's attorney, Alex Spiro, and Evan Spencer, the Read more about Elon Musk’s key litigator withdraws amid Dogecoin lawsuit saga #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Doge, #Dogec

ChatGPT has gained immense popularity since it was introduced in November 2022. The continuous updates, including the availability of GPT-4 for ChatGPT Plus subscribers, have ensured its constant presence in the media. Excitingly, the AI-driven Chatbot is expected to receive several new functionalities in the near future. These enhancements include collaborative and connected workspaces, as well as the ability for users to upload files alongside their inquiries. These additions will greatly enhance the Chatbot's ability to deliver accurate and intelligent responses. Reports circulating on social media and various news platforms suggest that leaked ChatGPT documents have revealed exciting details about upcoming developments. These revelations indicate that the AI platform will soon be equipped with a remarkable feature set. One Read more about Expanding ChatGPT's Capabilities: New Features Incoming #AI, #ChatGPT, #Cryptonewstoday, #Regulations

Bitcoin's dominance, which measures its share of the total cryptocurrency market capitalization, has exceeded 50%. On June 19 at 6 pm UTC, it briefly crossed the 50% mark and settled at 49.9% at the time of publication, according to TradingView data. This means that Bitcoin alone accounts for half of the cryptocurrency market's $1.1 trillion total capitalization. Currently, Bitcoin's market capitalization stands at $519 billion, as reported by Coingecko. Since November 27, 2022, Bitcoin's market dominance has increased by more than 10.5%, driven by investor interest in the flagship cryptocurrency as a safe haven amid the FTX crisis and heightened regulatory scrutiny of crypto assets in the United States. Related: Price of Bitcoin: 6 main factors influence the BTC price Over the past eight months, Bitcoin dominance has Read more about Bitcoin reaches 50% market dominance #Bitcoin, #Cryptomarket, #Cryptonewstoday, #Ethereum

After undergoing a third reading in the House of Lords, the Financial Services and Markets Bill will be returned to the lower house of the U.K. Parliament for members to review any potential modifications. Lawmakers in the upper house are advancing legislation to facilitate the acceptance of cryptocurrencies within the country. During a House of Lords meeting on June 19, numerous members expressed support for the passage of the Financial Services and Markets Bill, which aims to strengthen the financial services industry in the United Kingdom. The bill completed its third reading in the House of Lords, which is one of the final stages before it can be amended further and enacted into law. Lawmakers stated that the proceedings on June 19 were intended to "clean up" the bill and ensure its effectiveness. It will now return to the Read more about UK government moves forward on financial markets bill for potential regulation of crypto #Bitcoin, #Blockchain, #Cryptocurrency, #Crypt

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), recently disclosed that the IMF is actively working on a dedicated platform to facilitate transactions between countries using central bank digital currencies (CBDCs). This step demonstrates the IMF's commitment to promoting global interoperability by urging central banks to establish a unified regulatory framework for digital currencies. To avoid fragmented approaches at the national level, Georgieva stressed the importance of interconnected systems and global interoperability in achieving more efficient and equitable transactions. She emphasized the need to develop CBDCs that transcend national boundaries, highlighting the significance of establishing systems that connect countries and enable seamless interoperability. The conference Read more about IMF aims to unify CBDCs with global platform #CBDC, #Cryptocurrency, #Cryptonewstoday, #IMF, #News, #Regulations

The Singapore-based cryptocurrency exchange Crypto.com has been accused of engaging in proprietary trading and manipulating market prices, according to allegations reported by the Financial Times. Insiders familiar with the matter revealed that the exchange, which has the support of Hollywood actor Matt Damon, allegedly instructed its employees to conceal its "internal market maker type operation." However, Crypto.com has denied these accusations and maintains that its employees were not instructed to hide any information from external trading companies. According to the company's official report, Crypto.com acknowledges the existence of an internal market maker that operates on its exchange, claiming that it is treated no differently from third-party market makers who facilitate efficient markets and tight spreads. The company asserts Read more about Crypto.com denies allegations of market prices manipulation #Blockchain, #CryptoCom, #Cryptocurrency, #Cryptomarket, #Cryp

According to Kaiko, a crypto market data provider, USD Coin (USDC) holds the title for the most liquid stablecoin on centralized exchanges (CEXs). The analysis revealed that around $38 million worth of bids are in place, ensuring that the price of USDC deviates by no more than 0.1%. Following USDC, other stablecoins such as Tether (USDT), Binance USD (BUSD), True USD (TUSD), and Dai (DAI) also exhibit notable liquidity. The data compiled by Kaiko includes the depth of bids that maintain a 0.1% price deviation across all markets where USDC serves as a base asset. “Theoretically, stablecoin issuers maintain their peg. However, de-pegging can still happen on spot markets, especially considering #USDT redemptions start at $100k. Stablecoin spot markets are thus extremely important for price discovery. This data aggregates .1% b Read more about USDC Dethrones USDT as the Most Liquid Stablecoin #Kaiko, #USDollar, #USDC, #USDT

The Twitter account of the well-known AI-powered bot called "Explain This Bob," which is associated with a memecoin, has been suspended following Elon Musk's accusation that it was a fraudulent cryptocurrency account. Musk made this claim in a tweet on June 18 while responding to the bot, and shortly thereafter, the account appeared to have been suspended. This sure looks like a scam crypto account. If so, it will be suspended. After accumulating more than 400,000 followers, the Explain This Bob account has reportedly been suspended. Prabhu Biswal, the creator of the bot from India, utilized OpenAI's GPT-4 model to understand and provide responses to tweets from users who tagged the account. Related: Mastering Meme Coins: Your Ticket to Crypto Wealth or a Risky Gamble? This particular project was associated with the Read more about Twitter suspends "Explain This Bob" AI bot after Musk's "scam crypto" claim #Altcoin, #Cryptonewstoday, #ElonMusk,

As per reports, Binance, Binance.US, and the United States Securities and Exchange Commission (SEC) have reportedly reached an agreement on June 16th to temporarily limit access to customer funds exclusively to Binance.US employees. The proposed agreement, which is subject to approval from the overseeing federal judge, outlines various measures for Binance.US. These measures aim to prevent any access by Binance officials to private keys of wallets, hardware wallets, or root access to Binance.US's Amazon Web Services tools. Additionally, the agreement requires the U.S.-based crypto trading platform to disclose comprehensive information on business expenses, including estimated costs, in the coming weeks. The agreement is a direct response to a motion filed by the SEC, which sought to freeze all of Binance.US's assets during the Read more about SEC and Binance.​​US strike a temporary agreement on asset access #Binance, #BinanceUS, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptoma

Coinbase is taking strategic actions to gain an upper hand in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). To address the SEC's request for an additional 120 days to respond to Coinbase's rulemaking petition, the crypto exchange has filed a strong response in the U.S. Court of Appeals for the Third Circuit. Coinbase's Chief Legal Officer, Paul Grewal, emphasized the urgency of the situation and highlighted the SEC's lack of responsiveness to a previous court order, which is uncommon for a government entity. On June 13, the SEC sent a letter to the court seeking an extension to respond to Coinbase's petition, stating that it has not yet determined its course of action. Coinbase contends that it initially filed the petition in the summer of 2022 and accuses the SEC of intentionally avoiding Read more about Coinbase demands SEC respond to rulemaking petition #Adoption, #Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ne

Cardano stands out as a prominent cryptocurrency with a substantial market capitalization. Its primary objective is to offer a versatile and expandable blockchain platform that facilitates the execution of smart contracts. This platform opens the doors to a diverse array of decentralized financial applications, innovative cryptocurrency tokens, captivating games, and various other possibilities for development. What is Cardano? Established in 2015, Cardano has emerged as a prominent player among global cryptocurrencies in terms of market capitalization.Cardano's associated cryptocurrency is actually called ADA, but many people use ADA and Cardano interchangeably.  Cardano’s coin is named after Ada Lovelace, a 19th-century mathematician known as the first computer programmer. In 2021, Cardano made significant progress by i Read more about What is Cardano (Ada)? Is it a good investment in 2023? #ADA, #Altcoin, #Cardano, #Cryptonewstoday, #PricePredictions

In one of the world's toughest business environments, private businesses in Cuba have the potential to benefit from the cryptocurrency revolution. Erich Garcia Cruz, a Cuban businessperson and Bitcoin advocate, believes that Bitcoin adoption could grow in Cuba, especially if private businesses recognize the advantages of accepting Bitcoin as a currency. According to Cruz, using Bitcoin in Cuba serves as a tool for individuals to break free from the constraints of the country's centrally planned and officially communist economy. Cuba faces challenges such as limited access to independent press and the United States trade embargo, which restricts Cubans from accessing American products, services, and applications. In contrast, Bitcoin operates independently from the state and lacks a central authority. Cruz suggests that the Cuban Read more about Bitcoin in Cuba: Why some Cubans are adopting BTC to escape ‘The Matrix’ #Adoption, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptone

On June 9, at block height 793,607, an individual mining Bitcoin (BTC) on their own successfully mined a block using the services of the mining provider solo.ckpool. The accomplishment involved the solo miner receiving the block reward of 6.25 BTC, despite facing significant odds. Given the current conditions and a hash rate exceeding 390 EH/s as of June 11, it is highly unusual for a solo miner with a relatively low hash rate to successfully mine a Bitcoin block. Observers have identified the miner as "151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD," who likely operated a single S9 miner with a hash rate of 17 TH/s. The S9 is an outdated Bitcoin mining rig manufactured by Bitmain in 2016, primarily available in the secondary market. Under optimal conditions, it delivers a hash rate of 13.5 TH/s but is also notorious for its high energy Read more about Solo bitcoin miner beats odds to mine BTC despite record high difficulty #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptone

The Texas State Securities Board (TSSB) has taken legal action against Abra and its CEO, William John "Bill" Barhydt, alleging securities fraud and deceptive practices. Investors who participated in Abra Earn and Abra Boost have accused the defendants of engaging in these fraudulent activities. According to the TSSB, the defendants deliberately concealed important financial information, such as party capitalization, loan defaults, and asset transfers to Binance. The companies were reported to be on the verge of bankruptcy or already insolvent by March 31, 2023. In response to the alleged misconduct, the TSSB Enforcement Division has issued an Emergency Cease and Desist Order and a Notice of Hearing. The respondents are accused of selling Abra Earn to both accredited and unaccredited investors, and Abra Boost exclusively to Read more about Texas regulator accuses Abra Group of securities fraud #Adoption, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Re

According to a survey conducted by Nomura's digital asset division, professional investors in the crypto market still maintain interest but are hesitant to fully engage without the support of major traditional financial institutions. The survey revealed that 90% of the polled investors considered the backing of a "large traditional financial institution" as crucial before they or their clients would consider investing in crypto assets or funds. The interest of institutional investors in the crypto space has experienced a slowdown recently, primarily due to growing regulatory uncertainty and increased regulatory scrutiny in the United States affecting the broader industry. Related: What is Solana? Is it good investment in 2023? Despite this cautious approach, an overwhelming 96% of the surveyed investors acknowledged digital Read more about Investors want crypto, but not without TradFi backing #Bitcoin, #Cryptomarket, #Cryptonewstoday, #Ethereum

FTX co-founder Sam Bankman-Fried, who is currently under criminal investigation, is now facing the prospect of two separate trials due to the division of charges against him. The allegations against the former CEO primarily revolve around his alleged mismanagement of the crypto exchange. A total of 13 charges have been filed against Bankman-Fried, encompassing offenses such as fraud, fraud conspiracy, and bribery. Originally, a single trial was scheduled to commence on October 2, addressing all the charges collectively. However, a recent ruling from United States District Court Judge Lewis Kaplan on June 15 has resulted in the separation of five of the charges. These charges will now form the basis of a second trial, set to take place on March 11, 2024. Related:What is Tether (1 USDT)? How does it work? The charge split Read more about Sam Bankman-Fried, FTX founder, faces dual criminal trials #Cryptonewstoday, #FTX, #Regulations, #SamBankmanFried

According to a report from Radio Free Europe (RFE), Do Kwon, the co-founder of Terraform Labs, is set to be held in custody in Montenegro for a period of six months while the Montenegrin court reviews a request for his extradition from South Korea. Additionally, Kwon is facing inquiries regarding his connections to a local political figure. As stated by a spokesperson for the High Court of Montenegro, the court has ordered Kwon's custody for six months to deliberate on South Korea's extradition request. In September, a Seoul court issued an arrest warrant for Kwon, with his case being described as "the largest financial fraud or financial securities fraud case that has ever happened in South Korea." Furthermore, the United States has also requested Kwon's extradition to face charges brought by federal prosecutors and the U.S. Read more about Do Kwon heading into extradition custody in Montenegro after receiving bail: Report #Adoption, #Altcoin, #Bitcoin, #Blockcha