Monday, November 18, 2024
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Crypto scams on the rise, government institutions call for regulatory clarity| Weekly recap

This week, regulatory affairs continued to be a top concern. Government institutions worked towards creating guidelines to adapt to the ever-changing and evolving world of cryptocurrencies. Meanwhile, the private sector showed interest in non-fungible tokens (NFTs) by collaborating on various projects. Despite these positive advancements, reports of fraudulent activities and

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Reintroduced Congressional Bill Would Call for Feds to Study Terrorist Uses for Crypto

The group would be composed of representatives from the U.S. Treasury Department, Financial Crimes Enforcement Network (FinCEN), the Internal Revenue Services (IRS), the Office of Foreign Asset Control (OFAC), the FBI, the Drug Enforcement Agency, the Department of Homeland Security, the Department of Justice, the Department of State and the

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Bitcoin traders call for calm as BTC price slips 10% in a week

Bitcoin (BTC) barely held $27,000 on April 22 as another round of losses left bulls with little firepower.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGiant RSI support retest greets Bitcoin bullsData from Cointelegraph Markets Pro and TradingView showed BTC/USD just preserving the $27,000 mark on the day after the Wall Street

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EU legislators call for ‘safe’ AI as Google’s CEO cautions on rapid development

A dozen European Union (EU) politicians have signed a letter calling for the “safe” development of artificial intelligence (AI) as Google's CEO cautioned against releasing powerful AI tech before society has had a chance to adapt.An April 16 open letter shared on Twitter by EU Parliament member, Dragoș Tudorache, called

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IMF reiterates call for crypto regulation after the ecosystem’s ‘rough year’

The International Monetary Fund, or IMF, has pointed to the collapse of FTX as well as “turmoil” in the banking sector in its calls for regulation of digital assets.In its Global Financial Stability Report released on April 11, the IMF renewed calls for “comprehensive and consistent regulation and adequate supervision”

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Bitcoin Volatility Index’s Correlation With Bitcoin Price Flips Positive, Boosts Appeal of Bullish Call Options

Options are derivative contracts that give the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy, a signal the holder has a bullish stance, while a put

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Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees – Bitcoin News

This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories believe that safety programs and regulations need to be strengthened, as they assert that AI

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