Crypto community slams WazirXs socialized losses plan after hack

As WazirX navigates a crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.

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Switzerland takes a tech neutral approach to AI regulations

As the world races to regulate high-level AI systems, Switzerland is taking a more tech natural approach, focusing on sector-based use cases while still having a major voice on the global stage.

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Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years

The bill introduced in the House would impose a fine of up to $100,000 for handling funds from mixers, while the Treasury writes a report.

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Bitcoin Price Surge: Predicted Blow-Off Top at $128K as New All-Time Highs Approach

Bitcoin Price Surges to $128K, Eyes New All-Time Highs Bitcoin’s price witnessed a meteoric rise, reaching $128,000 as it sets its sights on breaking all-time highs. The cryptocurrency market has been characterized by volatile fluctuations, with Bitcoin experiencing a blow-off top. This spike in price has left investors and traders alike speculating on whether this [...]

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Elliptic Co-Founder Reveals Major Change in Crypto Firms Compliance Approach

The cryptocurrency industry is undergoing a significant transformation when it comes to regulatory compliance, with many firms now prioritizing compliance measures more than ever before. Elliptic, a leading provider of crypto compliance solutions, has observed this shifting mindset among industry players. There is a growing recognition within the crypto space that compliance is essential for [...]

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Pakistan Crypto Council suggests utilizing surplus energy for Bitcoin mining a sustainable approach to crypto production

Pakistan’s Crypto Council is suggesting a novel solution to address the issue of excess energy in the country by proposing the use of Bitcoin (BTC) mining. In a groundbreaking move, the council aims to capitalize on Pakistan’s abundant natural resources to power the cryptocurrency mining operations. By harnessing excess energy from various sources such as [...]

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Kraken Approaching $1.5 Billion Deal to Launch US Crypto Futures: Latest Report

Kraken, a popular cryptocurrency exchange, is reportedly on the verge of closing a billion-dollar deal that will enable futures trading on its platform. The potential agreement, as reported by a US media outlet, is expected to significantly enhance Kraken’s offerings and solidify its position in the competitive crypto market. This latest development highlights Kraken’s commitment [...]

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Tax Authorities Intensify Focus on Cryptocurrency as Bitcoin Approaches $1 Million

Tax authorities are ramping up efforts to crack down on cryptocurrency activities. The increasing popularity of digital currencies has prompted tax agencies to strengthen their monitoring and enforcement mechanisms to ensure compliance. With the rise of crypto trading and investments, governments around the world are stepping up their scrutiny of individuals and businesses involved in [...]

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Bitcoin Activity on the Rise: Is the Market Bottom Approaching?

Bitcoin’s active addresses reach a critical market turning point Bitcoin, the leading cryptocurrency, is witnessing a significant increase in active addresses, indicating a potential market turning point. This surge in active addresses suggests growing interest and participation in the Bitcoin network. The number of active addresses is a key metric used to gauge the level [...]

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Bank of Koreas Strategic Stance on Bitcoin Reserve: A Cautious Approach

The Bank of Korea (BOK) is taking a cautious approach to the potential of holding Bitcoin as part of its reserve assets. Despite the growing interest in cryptocurrencies worldwide, especially among central banks, the BOK remains hesitant about incorporating Bitcoin into its reserves. Central banks worldwide have been exploring the idea of diversifying their reserve [...]

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Vermont Embraces SECs Approach, Ceases Legal Action Against Coinbase

Vermont Dismisses Legal Action Against Coinbase Over Staking The state of Vermont has recently dismissed a lawsuit that was filed against the cryptocurrency exchange Coinbase over the staking of cryptocurrencies. The lawsuit, which was initially brought forward by a group of individuals who claimed to have suffered financial losses due to Coinbase’s staking practices, has [...]

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Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures

On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report on Signature Bank’s collapse and [...]

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Total crypto market cap approaches $1.2 trillion: is this an opportunity to invest in AltSignals?

The cryptocurrency market underperformed earlier this week but has now resumed its upward ascension. The positive performance has seen the total cryptocurrency market cap approach the $1.2 trillion mark. Major cryptocurrencies, including Bitcoin and Ether, have all recovered from their weekly lows and could be set to rally higher in the near term. With the …

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Plenty To Look Forward to For Cardax as Tweag Audit Date Approaches

It is certainly a good time to be a fan of Cardax right now. This is because during the internal testnet, the Cardax development team hit a significant milestone as they were successful in completing the first full user round-trip. Put simply, the user creates a pool, registers for the pool, submits an action, the […]

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Cryptocurrencies Approach New Year in Positive Mood

Cryptocurrencies moved toward the year-end in a positive mood, with bitcoin – the largest by market value – adding about 3% over 24 hours and ether, the No. 2, also gaining more than 3%, CoinDesk data show. Bitcoin climbed above $48,000, the highest in three days, while ether topped $3,800, the most since Wednesday. All […]

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Yellen calls for a unified regulatory approach to address risks in the digital asset market

In a recent hearing United States Treasury Secretary Janet Yellen emphasized the urgent need for federal oversight of stablecoins, … Source link

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Building AI Apps and an Open-Source SDK Platform: Tethers Innovative Approach

Tether Unveils Open-Source SDK Platform for AI Applications Tether, a prominent player in the blockchain and cryptocurrency space, has recently announced the release of an open-source software development kit (SDK) platform specifically designed for building artificial intelligence (AI) applications. The platform, which aims to empower developers and researchers in the AI field, provides a wide [...]

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CFTC Acting Chair Announces End of Regulatory Enforcement Approach

The Chair of the Commodity Futures Trading Commission (CFTC) has recently declared a shift in the agency’s approach towards regulation and enforcement. This change in direction seeks to align the CFTC’s policies with the current market realities and technological advancements in the financial sector. The Acting Chair emphasized the importance of fostering innovation and competition [...]

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Bitcoin Miners AI and Chip Sales Under Scrutiny as Q4 Earnings Approach

Bitcoin miners are expected to see a surge in profits in the fourth quarter, thanks to the increased demand for AI chips. Analysts predict that the combination of Bitcoin’s rising price and the growing interest in AI technology will drive sales for miners using these specialized chips. This optimistic outlook comes after a challenging period [...]

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Bitcoin Implied Volatility Approaching Historic Lows: Expert Strategy Indicates Opportunity to Buy BTC

Bitcoin’s implied volatility has hit record lows as a trading strategy suggests it may be time to buy. This is significant because low volatility can indicate a lack of uncertainty in the market, potentially leading to more stable prices. Despite recent fluctuations in the price of Bitcoin, the overall trend has been relatively calm. The [...]

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