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UN Adopts Resolution on Global Artificial Intelligence to Ensure Safe, Secure, and Trustworthy Advancement
The recent adoption of a global artificial intelligence (AI) resolution by the United Nations General Assembly on March 21 signifies a significant step towards promoting the development of AI in a manner that is safe, secure, and trustworthy. The resolution underscores the importance of ensuring that AI technologies are developed sustainably and do not pose…
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Anthropic unveils new version of Claude, asserting it surpasses GPT-4
Anthropic, a leading innovator in artificial intelligence, has made a significant stride in the AI landscape with the launch of its latest generative AI technology, Claude 3. The company’s press release on March 4 announced the arrival of Claude 3, boasting its superiority over OpenAI’s Chat GPT-4. This bold claim has set the stage for…
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VanEck Commits to Donating 5% of ETF Profits to Support Bitcoin Core Developers over a Decade
Investment firm VanEck has recently made an announcement regarding its potential spot Bitcoin Exchange-Traded Fund (ETF). In a statement released on January 5th, VanEck stated that it intends to donate 5% of its profits from the proposed ETF, should it receive approval, to support the Bitcoin core developers working at Brink. Brink, which was established…
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Indian Central Bank Declares No Advantages in Legalizing Cryptocurrency
Indian financial regulators continue to express significant reservations about the integration of cryptocurrencies into the country’s economic framework and believe there is no economic “upside” in making them regulated financial instruments, according to local media reports. These statements by senior officials from the central bank underscore the government’s cautious approach, emphasizing the potential threats these…
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Chainlink co-founder predicts mass institutional adoption through Bitcoin ETFs
Chainlink co-founder Sergey Nazarov believes that the introduction of a spot Bitcoin Exchange-Traded Fund (ETF) will pave the way for institutional investors to enter the Bitcoin market on a large scale. This, in turn, is expected to drive the adoption of blockchain technology in the traditional finance (TradFi) sector. In a recent interview with CNBC,…
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Surge in Political Contributions from the Crypto Industry Leading up to the 2024 Elections
The cryptocurrency industry has seen a notable increase in its political donations as a response to the growing regulatory challenges and skepticism it faces in Washington. According to the Financial Times, this strategic move signifies a heightened level of engagement between the crypto sector and the political landscape, with the aim of shaping the narrative…
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SEC acknowledges misrepresentation of facts in case against cryptocurrency company Debt BOX
The U.S. Securities and Exchange Commission (SEC) recently made a surprising admission of inaccurate statements in an ongoing case against Debt BOX, a cryptocurrency firm that has been accused of engaging in significant fraud. The SEC is alleging that Debt BOX played a part in defrauding investors of nearly $50 million. While the essential allegations…
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Elon Musk predicts X payments to be probable by mid-2024
Elon Musk, the entrepreneur and CEO of numerous successful tech companies, recently provided an estimate regarding the launch of payment features on X, formerly known as Twitter. As reported by Fortune on December 22, Musk stated that X is expected to introduce payment functionality in mid-2024. This news sheds light on the intentions of X…
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Circle obtains conditional registration in France through DASP regulations
Circle, a stablecoin issuer, recently announced that it has obtained conditional registration under France’s cryptocurrency laws. This move positions France as the European regulatory base for Circle, allowing the company to take advantage of the country’s clear regulations for responsible innovation in the fintech and digital asset sectors. Dante Disparte, Circle’s Chief Strategy Officer and…
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Ethereum’s Dencun Upgrade Scheduled for Testnet Launch in 2024
Ethereum’s Dencun Upgrade Scheduled for 2024 Testnet Launch In recent developments, Ethereum developers have tentatively chosen January 17, 2024, as the date for the first testnet deployment of the highly-anticipated “Dencun” upgrade. This decision was made during the latest bi-weekly dev meeting on December 21. Originally intended for release in the last quarter of 2023,…
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Mastercard Supports Fideum Group’s Vision of Combining Cryptocurrency and Traditional Finance
Fintech company Fideum Group recently announced a strategic collaboration with traditional payment giant Mastercard, aiming to integrate digital assets into everyday financial activities. This partnership has the potential to revolutionize the financial industry by merging the capabilities of cryptocurrency with traditional finance. In an exclusive interview with CryptoSlate, Fideum Group’s CEO, Anastasija Plotnikova, shed light…
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Reports: SEC to Hold Uncommon Joint Conference Call with Bitcoin ETF Applicants
The U.S. Securities and Exchange Commission (SEC) is reportedly engaged in conversations with several spot Bitcoin ETF (Exchange-Traded Fund) applicants simultaneously, as reported on December 21. According to Charles Gasparino, a correspondent for FOX Business, the SEC is conducting a rare joint conference call with prospective spot Bitcoin ETF filers. This news has generated significant…
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El Salvador Tempts Bitcoin Investors with Citizenship Incentive
El Salvador has passed a law offering citizenship to individuals who donate Bitcoin, according to a Reuters report on December 21. The country’s unicameral legislature approved the law in a vote held on December 20, and it is expected to come into effect in the near future. This legislation aims to streamline the process of…
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France grants Coinbase virtual asset service provider status
Coinbase, one of the leading cryptocurrency exchanges, has recently announced its registration to provide cryptocurrency services in France. This development comes after the company received virtual asset service provider (VASP) approval from France’s Autorité des marchés financiers (AMF), granting it permission to operate within the country. This move by Coinbase highlights the growing acceptance and…
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SEC Engages in Fresh Discussions with BlackRock and Grayscale Regarding Ongoing Bitcoin ETF Negotiations
The U.S. Securities and Exchange Commission (SEC) has recently held meetings with two prominent financial firms, Grayscale and BlackRock, as part of its ongoing review process for Bitcoin exchange-traded fund (ETF) applications. The meetings, which took place on December 19, 2023, are significant in the context of the continuous discussions surrounding the possibility of approving…
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Ripple Receives VASP License from Ireland, Expanding European Reach
The Central Bank of Ireland (CBI) recently announced that it has granted a license to Ripple’s Irish subsidiary, Ripple Markets Ireland Limited. This license designates Ripple as a registered Virtual Asset Service Provider (VASP). The move by the CBI is significant as it helps to solidify Ripple’s presence in Europe and marks an important milestone…
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Appeals Court in Montenegro Reverses Extradition Decision for Do Kwon
The Montenegro Court of Appeal has recently made a significant decision regarding the extradition of Do Kwon, the co-founder of Terraform Labs. In a ruling on December 19, the court overturned the earlier decision made by the Podgorica High Court to extradite Kwon. This development, which was announced on the court’s official website, marks a…
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Applying for Bitcoin ETF with an Eco-friendly Advantage: 7RCC Files
Asset manager 7RCC has recently submitted an application with the U.S. Securities and Exchange Commission (SEC) for an innovative and environmentally-conscious Bitcoin exchange-traded fund (ETF). The filing, made on December 18, signals 7RCC’s intention to launch the 7RCC Bitcoin and Carbon Credit Futures ETF, which will be traded under the ticker BTCK. The 7RCC Bitcoin…
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Elizabeth Warren Highlights Concerns Over Extensive Hiring of Former National Security Officials by Crypto Industry
Elizabeth Warren criticizes crypto industry for extensive recruitment of former national security officials Senator Elizabeth Warren has raised concerns about the Blockchain Association’s approach of employing ex-military and national security professionals to exert influence over U.S. cryptocurrency policies. The controversy stems from the Association’s recent letter, co-signed by a significant number of former defense and…
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Tether Freezes $435 Million USDT for U.S. Department of Justice, Federal Bureau of Investigation, and Secret Service
Tether, the world’s largest stablecoin issuer, has reportedly frozen 326 wallets containing $435 million worth of its cryptocurrency, USDT. The decision was made to aid law enforcement authorities, including the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. The freezing of these assets signifies Tether’s commitment to supporting…
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Korean Central Bank Governor Calls for CBDC Development to Combat Stablecoin Competition
Bank of Korea Governor Chang-yong Rhee recently expressed concerns about the increasing popularity of stablecoins and the potential threats they pose to the traditional roles of central bank money and the effectiveness of monetary policies. Speaking at a conference on digital money in Seoul on December 15, Rhee emphasized the need for central banks to…
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Enhanced Custody and Valuation Rules in Valkyrie’s Updated Bitcoin ETF Filing
Valkyrie Investments has taken a significant step towards gaining regulatory approval for its Valkyrie Bitcoin Fund, as it recently submitted an amended Form S-1 to the Securities and Exchange Commission (SEC). This filing provides more detailed guidelines concerning custody, valuation, seed investments, and risks associated with the cryptocurrency investment vehicle. As the company eagerly awaits…
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Pope Francis supports the establishment of a ‘universal international agreement’ on AI regulation
Pope Francis Calls for International Treaty on AI Regulation In the Vatican’s annual World Day of Peace Message on December 14, Pope Francis made a significant call for the establishment of an international treaty to regulate artificial intelligence (AI). The Pope emphasized the global reach and impact of AI and stressed the importance of international…
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First Smart Contract Fraud Conviction: Hacker Admits Guilt in $12M Solana DeFi Hacks
Shakeeb Ahmed, a security engineer who successfully exploited two Solana DeFi apps, has recently pleaded guilty to his actions, as announced by Damian Williams, the United States Attorney for the Southern District of New York (SDNY), on December 14th. This guilty plea marks the first-ever conviction of smart contract fraud, involving a staggering $12 million…
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SEC Chairman Gary Gensler recognizes shift in approach to Bitcoin ETFs following Grayscale ruling
Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), recently discussed the pending spot Bitcoin ETF applications during an interview with CNBC. When asked about the likelihood of these applications being approved, Gensler mentioned that there are currently between eight and twelve filings for spot Bitcoin ETFs under consideration. This statement by…
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OFAC and CoinList Agree to $1.2M Settlement for Violating Russian Sanctions
The Office of Foreign Assets Control (OFAC) of the U.S. Treasury recently announced a settlement with crypto exchange CoinList concerning violations of sanctions related to Russia. CoinList, over a period of two years ending in May 2022, processed 989 transactions with a total value of $1.25 million from users residing in Crimea. OFAC considers this…
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Argentina’s newly elected president implements 50% devaluation of currency to address monetary policy
Argentina’s New President Tackles Monetary Policy with 50% Currency Devaluation In a bold move to address Argentina’s deepening economic crisis, President Javier Milei’s administration has implemented a sweeping 50% devaluation of the national currency, the Argentine peso. This radical measure, announced on Dec. 12, marks a significant shift in the nation’s approach to combating its…
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Sam Bankman-Fried’s Defense Counsel Discovers Case to be ‘Nearly Unwinnable’
David Mills, the Stanford University law professor who was responsible for overseeing the defense of Sam Bankman-Fried (SBF) during his recent fraud trial, has publicly acknowledged the immense difficulty of winning the case. In an interview with Bloomberg on December 12th, Mills openly stated that the case was “almost impossible to win.” This admission comes…
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The SEC Notifies Court Richard Heart Lawsuit Has Been Served
Richard Heart, the founder of blockchain projects PulseChain and HEX, has recently been served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on October 31st. The lawsuit accuses Heart of engaging in fraudulent activities and conducting unregistered securities sales. The SEC provided details of the lawsuit in a filing on December 11th,…
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Ensuring Compliance: U.S. Scrutinizes Nvidia’s AI Chips Bound for China
The U.S. government is currently examining three artificial intelligence chips developed by Nvidia Corp. for the Chinese market in an effort to determine if they comply with recently enacted export controls. This revelation was made by the U.S. Secretary of Commerce, Gina Raimondo, in a report by Bloomberg on December 11. It was also highlighted…
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AVAX Crypto Surges, Driving Avalanche DeFi Protocols to 9-Month Highs
The total value of assets locked on decentralized finance (DeFi) protocols based on Avalanche has reached a 9-month high amid the market rally of the AVAX token. Interestingly, the increase is coming when the number of locked AVAX tokens has been at its lowest since August 2021. Over the past month, the network users have…
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New Senators Join Outcry as Support Grows for Warren’s Bill
Senator Elizabeth Warren (D-MA) has recently announced an expanded coalition of Senate support for a bipartisan bill aimed at addressing illicit finance risks associated with cryptocurrencies. This move comes as five additional senators, including three members of the Senate Banking, Housing and Urban Affairs Committee, have come forward to cosponsor the bill. The bill has…
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Mistral AI, a French startup, attains unicorn status in the competitive AI industry
Paris-based startup Mistral AI has reached unicorn status after securing €385 million ($415 million) in its second funding round in just seven months. The successful funding round, led by prominent investors like Andreessen-Horowitz and LightSpeed Ventures, has propelled Mistral AI’s valuation to approximately $2 billion, cementing its position among the elite in the artificial intelligence…
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The 5 Best Solana Airdrops and How To Get Them
Solana is distinguished for its exceptionally rapid transaction speeds and a robust ecosystem in the dynamic cryptocurrency landscape. The allure of receiving complimentary tokens via Solana airdrops is particularly compelling. This guide offers a detailed overview of the most anticipated Solana airdrops of 2023. It includes insights into the latest airdrops from Solana Waller, with…
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Is ZetaChain the Future of Blockchain? The Omnichain Bridging Bitcoin, Ethereum, Solana and Beyond
ZetaChain represents a groundbreaking advancement in blockchain technology, offering a universal omnichain smart contract platform. This platform seamlessly integrates both smart contract-enabled blockchains such as Ethereum, its Layer 2 rollups, Solana, Terra, and Algorand, as well as traditional blockchains without smart contract capabilities, like Bitcoin and Dogecoin. At its core, ZetaChain is a Proof-of-Stake blockchain…
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$1 Billion Dollar Bitcoin Price Prediction by 2030’s: Fidelity
Jurrien Timmer, the Director of Global Macro at Fidelity, has recently articulated a striking forecast for his future Bitcoin price prediction. He posits that by 2038, the value of a single Bitcoin could escalate to an astounding $1 billion. This bold prediction is supported by a comprehensive analysis involving a 4-hour BTC/USD chart, which merges…
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Fidelity Presents Spot Bitcoin ETF Model to SEC as Regulatory Discussions Progress
The U.S. Securities and Exchange Commission (SEC) recently revealed that it held discussions with investment management giant Fidelity concerning the firm’s application for a spot Bitcoin Exchange-Traded Fund (ETF). The meeting took place on December 7th, with several members from the SEC’s Division of Corporate Finance in attendance. Representatives from CboeBZX, a major options exchange…