UK Prime Minister Rishi Sunak considering new rules to regulate AI amid concerns of ‘existential threats’

UK Prime Minister Rishi Sunak aims to update his government’s guidelines around regulating artificial intelligence (AI) and its development, The Guardian reported May 26. Earlier suggestions are out of date The Guardian said that Sunak’s government published a white paper in March, but the suggestions in that paper are now out of date. дальше »

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Will This Political Deal In The US Save Bitcoin and Crypto?

Politicians in the United States will likely strike a deal and raise the government’s $31. 4 trillion debt ceiling for two more years. Amid this debate, the price of Bitcoin is firm but lower, tracking below the psychological $30,000 level as bulls recover after posting sharp losses mid-this week. дальше »

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South Korea Passes Law Requiring Disclosure of Cryptocurrency Holdings by Officials

On May 25, the South Korean National Assembly passed the "Kim Nam Guk Prevention Law," which requires legislators and high-ranking government officials to disclose their cryptocurrency holdings. дальше »

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WEF publishes crypto asset regulation recommendations for government, industry

The World Economic Forum analyzed regulatory approaches to urge cooperation between international organizations, regulators and the crypto industry. дальше »

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Blockchain.com CEO says there’s never been ‘as high a chance’ of US default, while Tether CTO considers it unlikely

Executives from Tether and Blockchain. com both commented on the U. S. government’s potential upcoming debt default on May 25. Tether is not at risk, CTO says Tether CTO Paolo Ardoino said that it is unlikely that the U. дальше »

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Bitcoin Lingers Below $26.5 Amid Debt Ceiling Worries

Unemployment and productivity data arrived stronger than expected but investors seemed focused narrowly on the ongoing negotiations that will determine if the U.S. government has to default on its debts. дальше »

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US stocks could fall by 45% if the US defaults. What does this mean for the crypto?

The situation with the US government debt is becoming increasingly tense, as the deadline for raising the debt limit expires in early June. If lawmakers fail to reach an agreement, this could lead to serious consequences for the American and global economy. дальше »

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Gate Group penetrates Hong Kong market with new crypto trading platform

Crypto exchange Gate Group launched a trading platform in Hong Kong. The group announced its plans to establish in Hong Kong in February after the government allocated $6.4 million to Web3 actiThe post Gate Group penetrates Hong Kong market with new crypto trading platform appeared first on AMBCrypto. дальше »

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North Korean crypto wallets sanctioned; Binance says it helped Treasury seize $4.4M

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned several addresses linked to North Korean cybercrime on May 23. Six wallets sanctioned OFAC sanctioned six crypto addresses belonging to North Korean national Kim Sang Man, who was involved in cyber activities and fraudulent IT worker job placements that generated revenue for North Korea’s government […] The post North Korean crypto wallets sanctioned; Binance says it helped Treasury seize $4.4M appeared first on CryptoSlate. дальше »

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Billionaire Mark Cuban says SEC crypto attacks will be futile

According to reports, billionaire Mark Cuban recently noted that the ongoing attack on crypto tokens by SEC and the U.S. government would ultimately not work.  дальше »

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South Korea's Ruling Party Calls to Expedite Bill on Lawmakers' Crypto Disclosures: Report

The leader of South Korea's ruling People Power Party wants a new bill requiring lawmakers and high-level government officials to declare their cryptocurrency-related assets to be implemented within two months. дальше »

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Bitcoin and Crypto Under Threat as JPMorgan Warns of Debt Talks Going Wrong

Coinspeaker Bitcoin and Crypto Under Threat as JPMorgan Warns of Debt Talks Going Wrong All eyes are on whether the US government manages to increase the debt ceiling further. Any failure to do so will put significant pressure on risk assets. дальше »

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First Mover Asia: Bitcoin Holds Steady Near $27K as Investors Weigh Debt Ceiling Developments

ALSO: Former CoinDesk head of research writes that despite government efforts in such large, emerging countries as Pakistan and Nigeria to curb crypto activity, citizens there seem to be turning to digital assets as a hedge. дальше »

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Treasury Secretary Yellen repeats warning of US debt default

U.S. Secretary of the Treasury Janet Yellen published a letter on May 22 warning of a debt default within as little as ten days. Inability to pay bills Yellen wrote in a letter to U.S. Congress:  “… It is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations […] The post Treasury Secretary Yellen repeats warning of US debt default appeared first on CryptoSlate. дальше »

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Blockchain Life 2023 in Dubai: Crypto Whales Meeting Point

Influential figures such as heads of global funds, government officials, investors, business owners, and promising startups come together in Dubai to shape the future of cryptocurrencies at the 11th International Blockchain Life Forum on October 24-25 in Dubai, Festival Arena. дальше »

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Ledger CEO says ‘sharded’ recovery seeds could be disclosed on subpoenaes

Pascal Gauthier, the CEO of Ledger, suggested on May 22 that wallet keys stored via Ledger Recover could be disclosed in the event of government sanctions. Subpoenas could reveal user seeds Under Ledger’s new Recover program, user wallet seeds can be “shared” and stored by three different parties. дальше »

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Crypto Market Forecast: Week of May 22nd 2023

A curated weekly summary of forward-focused crypto news that matters. This week, a looming US government default may be bullish for BTC, varying global regulatory approaches to Bitcoin creates mixed sentiment, and transaction activity on the Bitcoin blockchain booms because of the ordinals protocol. дальше »

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Bitcoin's unexpected ally: Presidential candidate Kennedy shows support amid backlash

Presidential Candidate advocates for Bitcoin. Retail investors begin accumulation. Whale concentration of BTC holdings increased. The U.S. government was the largest public holder of BitcoinThe post Bitcoin's unexpected ally: Presidential candidate Kennedy shows support amid backlash appeared first on AMBCrypto. дальше »

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Britain Joins Semiconductor Chips Race, Introduces $1.2B Plan

Coinspeaker Britain Joins Semiconductor Chips Race, Introduces $1. 2B Plan The British government has undertaken a focused approach in revamping its semiconductor industry and will capitalize on its strengths such as designing and producing non-silicon chips, and intellectual property rights. дальше »

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Cryptocurrency in Pakistan - To ban or not to ban is not just an FATF question

Many in Pakistan were furious and indignant following the government's recent decision to outlaw cryptocurrencies in the country. "I'm taking a stand against the government's decision to ban cryptocurThe post Cryptocurrency in Pakistan - To ban or not to ban is not just an FATF question appeared first on AMBCrypto. дальше »

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Lebanese turn to cryptocurrency amidst inflation-triggered economic turmoil

Reports suggest Lebanese are shifting their attention to digital coins, specifically stablecoins, as the nation suffers a financial turmoil. Meanwhile, the government closed local banks early this week, citing the current risks for customers and employees. дальше »

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Pakistan Announces Ban on Cryptocurrency Services and Firm Stance Against Legalizing Crypto Trading

Aisha Ghaus Pasha, the minister of state for finance and revenue, declared that Pakistan would outlaw cryptocurrency services operating in the country and reaffirmed that the government has no plans to legalize cryptocurrency trading during a meeting of the Senate Standing Committee on Finance and Revenue on May 16. дальше »

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Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular

Pakistan's government has hardened its stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha saying they will “never be legalized in Pakistan.” дальше »

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Pakistani Authorities Lay Groundwork for Imminent Ban on Crypto Assets

In a significant move, Pakistani authorities have taken decisive steps to prepare for a comprehensive ban on cryptocurrency assets within the country. Citing concerns related to illicit activities, money laundering, and financial stability, the government aims to tighten regulations around digital currencies. дальше »

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USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default

Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said. дальше »

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Indian authorities urged to restore access to UPI for crypto exchanges

An Indian crypto exchange and a policy firm have independently made appeals to the government, urging the restoration of access to the national Unified Payments Interface (UPI) for crypto firms. дальше »

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Pakistan government firm on stance to keep cryptos illegal

Dr. Aisha Ghaus Pasha, Pakistan's Minister of State for Finance, declared on May 17 that the government has no plans to legalize cryptocurrency in the nation. дальше »

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How To Buy Bitcoin With SEPA?

Bitcoin is a digital currency that has been gaining popularity in recent years. It is a decentralized currency, meaning it is not subject to government or financial institution control. This makes it an attractive option for those who are looking for a more secure and independent way to store their money. дальше »

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Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI

India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry. дальше »

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Crypto advocacy group criticizes UK Treasury Committee recommendation to regulate crypto like gambling

A crypto advocacy group has criticized the U. K. Parliament Treasury Select Committee’s recommendation to regulate cryptocurrency trading as gambling. Treasury Select Committee lampoons crypto In a report published on May 17, the Committee urged the government to stop wasting taxpayers’ funds on innovations such as virtual assets until it shows their benefits. дальше »

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UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling

The U.K. Treasury Committee seemingly opposed the government’s proposal to recognize crypto as regulated financial activities. дальше »

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OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety

Altman appeared alongside NYU professor Gary Marcus and IBM chief of trust Christina Montgomery to discuss how the U.S. government should regulate the AI industry. дальше »

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What Does Nigeria’s Blockchain-Friendly Regulatory Change Mean For Bitcoin Adoption?

Formal approval for blockchain technology in Nigeria marks an about-face for the government and it could increase Bitcoin adoption. дальше »

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New Thai government may take fresh view on cryptos

Thailand's two major opposition parties, the Move Forward party and Pheu Thai, announced on May 15 the intention to establish a ruling coalition following a victory in the weekend election. дальше »

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China to train 500k web3 professionals through its new blockchain research center

The Chinese government aims to train at least 500,000 new web3 talents via its newly launched national blockchain research center. The government is also looking to develop a nationwide blockchain network connecting existing ones in the region. While bitcoin (BTC)… дальше »

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Chinese Government Shows Support for Blockchain Amid Crypto Ban

Despite outlawing crypto trading, the Chinese government continues to back blockchain and recently launched a new research initiative. The post Chinese Government Shows Support for Blockchain Amid Crypto Ban appeared first on BeInCrypto. дальше »

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‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report

The United States Congressional Budget Office has predicted that the U.S. government’s annual deficits will “nearly double over the next decade.” дальше »

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Binance announces new feature to bolster trading as BNB continues to record losses

BNB's price witnessed the biggest drop in nearly two months. The daily active users rebound to a 5-week high in the last 24 hours. The FUD induced by false alarm of U.S. government selling iThe post Binance announces new feature to bolster trading as BNB continues to record losses appeared first on AMBCrypto. дальше »

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Assessing Bitcoin's [BTC] losses as it fails to recover from the fake news-induced FUD

The divergence between daily miner revenue and 365-day SMA has broadened since the start of 2023. The data on U. S. government's BTC holdings didn't show any decline since the beginning of May. дальше »

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President Biden announces nominations for key positions at Federal Reserve

Leadership at the Fed will likely have an impact on how the U.S. government handles the potential issuance of a central bank digital currency. дальше »

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Bitcoin Dips Below $26,500 Amid US Government BTC Sale Rumors

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Circle rebalances treasury holdings amid US debt default concerns

Concerns about a possible U.S. government default have prompted Circle, a prominent stablecoin producer, to adjust its treasury holdings. дальше »

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Examining Bitcoin's [BTC] $27,000 drop: Is it the desired opportunity for dip traders?

BTC's price fell to $27,400 following the sale of BTC holdings by the US government. Price chart readings suggest that the current price might be a good buying opportunity. Bitcoin's [BTC] pThe post Examining Bitcoin's [BTC] $27,000 drop: Is it the desired opportunity for dip traders? appeared first on AMBCrypto. дальше »

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Digital asset exposure cited in GAO investigation of Signature Bank implosion

According to Michael Clements, the U.S. Government Accountability Office (GAO) is reviewing "large deposits from the digital asset space" to determine if cryptocurrency played a role in Signature Bank's collapse. дальше »

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National Blockchain Technology Innovation Center begins operations in Beijing

The National Blockchain Technology Innovation Center, announced earlier this year by the Chinese government, has officially commenced operations in Beijing as of May 10th. дальше »

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Venom Foundation Inks Partnership with Kenyan Government to Create Blockchain Hub

Coinspeaker Venom Foundation Inks Partnership with Kenyan Government to Create Blockchain Hub Venom’s blockchain hub is also expected to attract a wide range of stakeholders, including developers, entrepreneurs, investors, and regulators. дальше »

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XRP Holds Above Key Support As Ripple CEO Predicts Delay Of Verdict

XRP price has shown a strong reaction after the (fake) news of the alleged sale of 9,800 BTC by the US government and the subsequent sell-off across the crypto market, staying above the key support. However, XRP investors have yet another damper to digest today. дальше »

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CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild sell-off

In the last 24 hours, the cryptocurrency market cap saw net outflows of around $10 billion and currently stands at $1. 13 trillion — down 0. 36% from $1. 14 trillion. During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 0. дальше »

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Whales Keep Buying Bitcoin, What They Might Know That You Don’t

The Bitcoin price took a major hit yesterday despite a positive surprise in the US Consumer Price Index (CPI), following a rumor that the US government sold 9,800 BTC related to Silk Road. Since then, the market has struggled to recover from the shock. дальше »

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Venom Foundation partners with Kenyan government to set up blockchain hub

Venom Foundation, the ADGM-licensed decentralized network, has signed a Memorandum of Understanding (MOU) with the Kenyan government to set up a blockchain hub in the country дальше »

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