The report also suggests that the race for a remarkable AI across various industries lies majorly in integrating enabling technologies and building blocks, such as advanced chips, rich data sets, computational power, and many more. The report further went on to note that AGI systems are either as good as or better than human abilities….
Bitcoin Magazine CEO David Bailey has suggested that President-elect Donald Trump could elevate Bitcoin to the status of a “strategic reserve asset” without requiring approval from Congress. In a Nov. 15 statement on X, Bailey suggested that the President could use executive authority to initiate a national Bitcoin reserve. According to unnamed experts he cited,…
The Digital Chamber of Commerce has urged the US Office of Government Ethics to reconsider prohibiting federal employees from holding crypto. In a Nov. 13 letter to Acting Director Shelley Finlayson, the blockchain advocacy group proposed that the Ethics Office allow federal employees to own a small, limited amount of digital assets. Under current regulations…
US Senator Cynthia Lummis remains hopeful that her proposal to establish a national Bitcoin reserve could pass within the first 100 days of Donald Trump’s second presidential term. On Nov. 11, Lummis shared on X that bipartisan backing could propel the bill forward if public support strengthens. She argued that this legislation would improve the…
Digital asset funds saw inflows of $1.2 billion last week, marking a fifth straight week of positive momentum, according to crypto asset manager CoinShares. The increase pushed year-to-date inflows to an unprecedented $31.3 billion, bringing global assets under management to a record $116 billion. CoinShares’ head of research, James Butterfill, highlighted that trading volumes for…
Venture capital firm Andreessen Horowitz (a16z) views Donald Trump‘s reelection as a significant catalyst for the US crypto industry. In a Nov. 11 post, firm leaders Miles Jennings, Brian Quintenz, and Michele Korver shared their optimism that this political shift could bolster bipartisan efforts and open doors for US-led crypto innovation on a global scale….
The predictions of Polymarket are so precise with major prominence that in the current times, various media companies keep an eye on Polymarket data along with traditional polling data. At present, there are more than $2.7 billion in total bets over the platform only in the United States alone. Polymarket has not accepted any accusations…
Gautam Chhugani has commented on the current situation and said that this election will undoubtedly have a short-term impact on cryptocurrency sentiment. Between October 29 and November 3, a significant rise was observed as the election was approaching, and there was great turmoil in the market. Crypto lovers as well as investors are worried about…
The excitement surrounding a potential Republican victory spurred $2.2 billion in weekly inflows, pushing year-to-date inflows to a whopping $29.2 billion. This increase, along with rising prices, propelled assets under management past $100 billion. Interestingly, this level was last seen in early June 2024, when AuM hit $102 billion. As a result, the trading volume…
Asia has surpassed North America as the leading hub for crypto developers, according to a report from Electric Capital. Maria Shen, partner at Electric Capital, pointed out that Asia has steadily increased its share of global crypto developers, climbing from 13% to 32% since 2015. In contrast, North America’s share dropped from 44% to 25%…
U.S. President Joe Biden has praised Nigeria’s efforts in combating crypto-related financial crimes, including the recent release of a former Binance executive. Biden, Tinubu Strengthen US-Nigeria Ties With Crypto Crime Initiative The White House announced Tuesday that U.S. President Joe Biden held a call with Nigerian President Bola Tinubu, touching on recent humanitarian and diplomatic…
The United States and Nigeria have formed a Bilateral Liaison Group to counter cryptocurrency-related crimes and illicit finance. An Oct. 23 announcement reaffirmed the United States’ dedication to working closely with Nigeria. The US Department of Justice pledged to support Nigeria in strengthening its capabilities for investigating and prosecuting cybercrimes. While the two nations have…
Dmitry Medvedev, Deputy Chairman of Russia’s Security Council, called for weakening Western influence, stating Russia’s goal is the collapse of U.S. power or re-establishing a Soviet-era global counterbalance. He emphasized that Russia must distance itself from the West to avoid hostility and highlighted new alliances, like BRICS, as signs of shifting global dynamics toward a…
As the US presidential race becomes more intense with less than a month away until Election Day, data from last week suggests that digital asset inflows have surged to $2.2 billion. This figure marked the highest level since July, spurred by optimism for a potential Republican success in the election. Inflows Surge Amid US Election…
Former Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC’s value surging in fiat terms, with newly printed dollars flooding the market. But while bitcoin’s future looks bright, Hayes warns investors…
The demand for US dollar-powered assets has been rising dramatically on the global level and it is directing the shift in global stablecoin use. One more factor because of which the United States is not performing well in stablecoin adoption is unpredictable administration of stablecoin as well as virtual assets. Chainalysis has also reported that…
On Oct. 9, the US Federal Bureau of Investigations (FBI) announced it took an “unprecedented step” of creating a crypto token, NexFundAI, to catch individuals accused of manipulating crypto markets and inflating token values. However, concerns have surfaced regarding the smart contract tied to NexFundAI, with analysts pointing out potential copyright violations and the unintentional…
A recent survey by Consensys and HarrisX reveals that nearly half of US voters support pro-crypto policies as a significant factor in the upcoming elections. According to the report, 49% of surveyed voters view a pro-crypto stance as an important issue, and 13% of respondents are likely to cross party lines for a candidate favoring…
October 2, 2024 at 01:23 AM GST updated: October 1, 2024 at 08:23 PM 2 mins read News In 2024, a new list of countries will take the lead in this digital monetary change Each country’s adoption is driven by unique factors, including regulatory environments and economic conditions. The shift in adoption leaders signals a…
Zhu Guangyao, China’s former vice minister of Finance, has called on the country to continue researching crypto as the US changes its attitude towards the asset class. During the 2024 Tsinghua PBOC Chief Economist Forum, Guangyao stated that crypto should be studied “because it is a crucial aspect of the development of the digital economy.”…
September 28, 2024 at 03:45 AM GST updated: September 28, 2024 at 05:21 AM 2 mins read News US and international forces seize over $1 billion in crypto from Russian money laundering networks. Rewards up to $20 million offered for capture of Russian cybercriminals Sergey Ivanov and Timur Shakhmametov. U.S. indicts Russians for laundering billions…
Robinhood’s Chief Legal Officer Daniel Gallagher criticized the US Securities and Exchange Commission’s (SEC) approach to crypto regulation in written testimony submitted for a Sept. 18 hearing before the House Financial Services Subcommittee on Digital Assets. Gallagher detailed Robinhood’s efforts to comply with SEC regulations, citing over a dozen meetings and calls over 18 months….
Crypto investment products experienced a sharp turnaround last week, with inflows reaching $436 million to partly reverse weeks of previous outflows totaling $1.2 billion, according to CoinShares‘ latest weekly report, Despite the influx, ETF trading volumes remained flat at $8 billion, significantly lower than the yearly average of $14.2 billion. What triggered the inflows? James…
GS Partners, a European-based entity involved in multiple cryptocurrency investment schemes, has agreed to refund all funds to investors in a settlement with five U.S. states. The agreement will see the firm pay back 100% of investor deposits in exchange for the dismissal of all civil claims and ongoing investigations. Investors Will Get Full Refunds…
The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges of AI development and use. Participants will work to identify and harmonize tech governance strategies to ensure AI is adopted…
Fintech start-up and trading app Robinhood has signed a $3.9 million settlement with the state of California. Indeed, all this settlement relates to numerous complaints regarding the platform’s activities, including odd manipulations with users’ accounts and cryptocurrency transactions. The main problem was associated with the limitation of any cryptocurrency withdrawals and other restrictions preventing users…
OpenSea CEO Devin Finzer announced that the firm received a Wells Notice from the US Securities and Exchange Commission (SEC) because the regulator considers the NFTs on its platform securities. In an Aug. 28 statement on X, Finzer expressed surprise at the SEC’s broad action against creators and artists. He stated: “We’re shocked the SEC…
OpenSea has received a Wells Notice from the SEC as the commission believes NFTs to be securities The platform’s head has claimed that it would oppose this claim and has pledged millions to cover artists legal costs OpeanSea, a leading NFT marketplace, seems to have drawn the attention of the US Securities and Exchanges Commission…
Coinbase has expressed the belief that young, pro-crypto voters might influence the 2024 US presidential elections and potentially could become the deciding factor on who wins. In a report released on August 19, the exchange states that Gen Z and Millennials—who now represent 40% of the electorate—are increasingly supporting candidates who advocate for crypto and…
Binance plans to hire 1,000 new employees this year, with a substantial focus on compliance roles. A large portion of these hires is specifically aimed at expanding the company’s compliance team from its current 500 members to 700 by the end of 2024. CEO Richard Teng, who is currently in the US for discussions with…
The funding for the U.S. Presidential Election 2024 from the crypto market has surged significantly- report. Over $200M in donations are piled from crypto companies, and Ripple and Coinbase lead the donation list. Donald Trump, a prominent contender for the presidential election 2024, has recently disclosed his crypto holdings. For the past few years, cryptocurrencies…
The Bernstein Research states that US miners have easier access to capital. The report states that US BTC miners will dominate the crypto-mining market. It also declared that combining Bitcoin mining with AI data centers is challenging. The Bitcoin miners based in the U.S. are well-positioned compared to unlisted miners. U.S.-based BTC miners have more…