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(Reuters)-20/03/2024Two investment advisers have agreed to pay penalties to settle U.S. Securities and Exchange Commission charges that they made false and misleading statements about their use of artificial intelligence (AI), the regulator said on Monday.Toronto-based Delphia Inc and San Francisco-based Global Predictions Inc, which did not admit or deny the SEC’s charges, agreed to pay […]

(Coin Telegraph)-20/03/2024Nasdaq-listed Bitcoin mining firm Bit Digital has announced earnings of $44.9 million for 2023 — up 39% from 2022.Bit Digital said it earned 1,507.3 BTC in 2023, which represents a 21% increase compared to 2022. The BTC amount reported by the mining firm is worth around $97 million at current market prices.Bit Digital said this growth was […]

(Coin Telegraph)-20/03/2024Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in the world, is looking at Bitcoin as a potential diversification tool.The GPIF officially announced on March 19 the development of new long-term investment policies in response to “major changes in the economy and society, and rapid technological progress.”In response to the new challenges, the GPIF is […]

(Coin Telegraph)-20/03/2024Arkansas Representative French Hill, who chairs the United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, plans to take over leadership of the full committee following Patrick McHenry’s departure.According to a March 17 Punchbowl News report, Hill is one of the contenders to chair the full financial services committee starting in […]

(Coin Telegraph)-20/03/2024The European Parliament has granted final approval to the European Union’s artificial intelligence (AI) law — the EU AI Act — which marks one of the world’s first set of comprehensive AI regulations.The bill will go to a second vote in April and be published in the Official Journal of the European Union, likely in May. […]

(CryptoNews)-20/03/2024Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.Notably, selected North American and European countries rank significantly lower. The data was gathered by the Consumer Insights Global Survey of Internet users worldwide.It includes over 2 million participants from selected countries. More specifically, […]

(Bloomberg)-07/03/2024Egypt delivered its biggest-ever interest-rate hike and allowed its currency to weaken more than 38% in a long-awaited devaluation that may pave the way for billions more in loans from the International Monetary Fund.The series of moves included a 600 basis-point rate increase and came after Cairo struck a $35 billion deal late last month […]

(Reuters)-07/03/2024U.S. regulators are expected to significantly reduce the extra capital banks must hold under a proposed rule that has drawn aggressive pushback from Wall Street, said eight industry executives in regular contact with the agencies and regulatory officials.Bank regulators led by the Federal Reserve in July unveiled the “Basel III” proposal to overhaul how banks with more […]

(Coin Telegraph)-07/03/2024Bitcoin has just passed a new all-time high against the euro as the cryptocurrency’s price reached a new multi-year high of $65,000.Bitcoin broke a new psychological milestone above 60,000 euros on March 4, reaching such a value against the euro for the first time in history.According to data from TradingView, Bitcoin touched 60,393 euros at 8:30 […]

(Coin Telegraph)-07/03/2024The Financial Supervisory Commission (FSC) has announced that it will propose a new draft of digital asset regulations for Taiwan in September 2024.The upcoming draft bill will aim to create more effective regulations for digital asset markets and to assure the safety of investors, said Huang Tien-mu, chairman of the FSC, according to a […]

(Crypto News)-07/03/2024Five United States senators have joined hands to fight President Joe Biden’s plans to issue a “digital dollar” by co-signing legislation demanding a ban on central bank digital currencies (CBDCs). Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd and Mike Braun introduced the CBDC Anti-Surveillance State Act, challenging the Federal Reserve’s authority to implement a […]

(Crypto News)-07/03/2024Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has identified and blocked fake websites impersonating major local cryptocurrency exchanges.On March 4, the SFC issued an official warning against multiple suspicious websites impersonating two licensed crypto trading platforms. The online perpetrators created several fake domains impersonating two licensed exchanges in Hong Kong, including OSL Digital Securities […]

(Crypto News)-07/03/2024BRICS nations are set to create an independent blockchain-based payment system, incorporating digital currencies to enable smoother and cost-effective global transactions.The announcement, made by Kremlin aide Yury Ushakov in an interview with the Russian News Agency TASS, highlighted the coalition’s objective to enhance financial autonomy from the US dollar through cutting-edge digital and blockchain technologies.Blockchain-Based Payment System“We […]

(Coin Telegraph)-28/02/2024Inflows to crypto investment products nearly topped $600 million and reflect traders’ growing interest in Bitcoin and altcoins.Crypto investment products saw inflows totaling $598 million from institutional Bitcoin investment products over the past seven days, according to the latest report by CoinShares. Crypto exchange-traded products (ETPs) have now witnessed their fourth consecutive week of […]

(Coin Telegraph)-28/02/2024The proposed reporting format is part of the international agency’s support for the G20 crypto asset roadmap adopted last year.The outlook for global financial stability remains challenging, Financial Stability Board (FSB) chair Klaas Knot told G20 finance ministers and central bankers in a letter. The FSB has a plan though, which it outlined ahead of a […]

(Coin Telegraph)-28/02/2024The Saudi government’s Cultural Universe metaverse initiative takes a user through the long history of Saudi Arabia dating back to 1727.The Saudi Arabian Ministry of Culture launched a metaverse dedicated to showcasing and preserving the nation’s cultural heritage on the occasion of its founding day.The Saudi government’s Cultural Universe metaverse initiative, which takes a user […]