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(Coin Telegraph)-05/06/2024While the overall nonfungible token (NFT) space saw a 54% drop in sales in May, digital collectibles on Bitcoin reached a new milestone. On June 4, NFT data tracker CryptoSlam showed that NFTs on the Bitcoin blockchain reached a total all-time sales volume of over $4 billion. The data combined the NFT sales, which were $3.97 billion, […]

(Coin Telegraph)-05/06/2024United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121. “This reversal of the considered judgment of SEC staff in this way risks undercutting the SEC’s broader authorities regarding accounting practices,” Biden wrote in an official response to Congress voting to […]

(Coin Telegraph)-05/06/2024The Qatar Central Bank (QCB) has completed the infrastructure for a central bank digital currency (CBDC) project and launched the first phase of an experimental project. The QCB will look at settlements of large payments among large local and international banks.Few details of the project were released. The state news agency said it would focus on […]

(Bloomberg)-29/05/2024The International Monetary Fund now expects China’s economy to grow 5% this year, raising its forecast from 4.6% a few weeks ago to reflect a strong expansion at the start of 2024 and additional support from the government.The Fund expects the momentum to continue, raising its gross domestic product forecast for next year to 4.5% from 4.1%, […]

(Coin Telegraph)-29/05/2024BTC price action shows sensitivity to Mt. Gox events, leaving $69,000 unclaimed as new support — to the frustration of Bitcoin bulls. saw four-day lows into the May 28 Wall Street open after holiday BTC price action deceived bulls.Bitcoin wobbles on Mt. Gox fund movementsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering below $68,000 after spiking to […]

(Coin Telegraph)-29/05/2024What are DDoS attacks?A distributed denial-of-service (DDoS) attack attempts to take down a website, computer or online service by flooding it with requests, depleting its capacity and affecting its ability to respond to valid requests.A DDoS attack involves hackers inserting malware into possibly thousands of internet-enabled devices, collectively referred to as a botnet, and […]

(Coin Telegraph)-29/05/2024Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow.The Bank for International Settlements (BIS) believes in the potential for widespread adoption of generative artificial intelligence (AI), an area in which many central banks have developed a strong interest.The […]

(Coin Telegraph)-29/05/2024Former United States President Donald Trump’s on-chain crypto asset holdings briefly surpassed $10 million on Monday, primarily driven by his largest tokenholding, TRUMP. On May 27, blockchain intelligence firm Arkham reported that presidential candidate Donald Trump’s crypto asset portfolio topped $10 million.The surge to a seven-figure portfolio was catalyzed by the MAGA memecoin, TRUMP, which surged to an […]

(Crypto News)-29/05/2024One in three voters in the United States considers a candidate’s position on cryptocurrencies before making their voting decision.According to a recent online survey conducted by the Harris Poll, 77% of respondents believe that a U.S. presidential candidate should possess at least an “informed perspective” on cryptocurrencies.The poll, which surveyed likely U.S. voters, was funded by […]

(Reuters)-22/05/2024The White House believes the U.S. Federal Deposit Insurance Corp needs a “fresh start” with a new chair who is not part of the leadership that presided over its long-running cultural problems, a White House official told Reuters on Tuesday.FDIC Chair Martin Gruenberg finally succumbed on Monday to a months-long scandal over sexual harassment at the agency, […]

(Reuters)-22/05/2024U.S. Treasury Secretary Janet Yellen urged German bank executives on Tuesday to step up efforts to comply with sanctions against Russia and shut down efforts to circumvent them to avoid potential penalties themselves that would cut off dollar access.Yellen said at the start of a meeting with bankers that the Treasury’s new authority to hit banks with […]

(Crypto News)-22/05/2024Bitcoin price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing, with the cryptocurrency community pondering whether the bull market is just beginning or nearing its peak. Bitcoin charts and spot ETF activity highlight the trend reversalAnalyst “ELI5 of TLDR” suggested that the majority of […]

(Crypto News)-22/05/2024Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price.On May 21, Bitcoin reached an intraday and six-week high of $71,650, marking a gain of over 7% within a 24-hour period.According to CoinGecko, this puts the asset within a 3.4% range […]

(Crypto News)-22/05/2024Brazil’s central bank unveiled a multi-phase plan to regulate crypto and virtual asset service providers on Monday. It aims to finalize the regulatory proposals by the end of this year.These regulations will establish rules that verify and enforce greater transparency around the potential benefits and risks of these investments, the bank said. It said it opted for […]

(Crypto News)-22/05/2024The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed.Per the media outlet Overclockers, the claims came from industry insiders in a report from BitRiver.The latter is Russia’s biggest crypto mining player. The firm is one of the driving forces behind a recent legislative push that could result in […]

(Crypto News)-22/05/2024The American Bankers Association (ABA) on Monday urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals and using it for monetary policy tools.Congressman Tom Emmer (R-Minn.) introduced the CBDC Anti-Surveillance State Act (H.R. 5403) in Sept. 2023. The bill, which has gained support from 165 cosponsors, is expected to […]