Lawmakers in the European Union are seeking to implement a code of conduct for the development and implementation of artificial intelligence (AI) prior to their forthcoming EU AI Act. In a joint meeting of the EU-U.S Trade and Technology Council in Sweden on May 31, the EU tech chief Margrethe Vestager ChiefCodeConductPushTech Read More
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In a bid to advance America’s position in the digital finance landscape, the Chamber of Digital Commerce is urging the U.S. Congress to expedite the creation of a comprehensive legal framework for cryptocurrencies.
In a move aimed callsChamberCommerceCongressCryptoDigitalPushRegs Read More
US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market.
Ripple has acquired Swiss-based Metaco for $250 million as part of the remittance network’s expansion into institutional crypto custody. The acquisition also comes amid a favorable ruling for Ripple in its ongoing lawsuit with the Securities 250MAcquiresCryptoCustodyMetacoPartPlatformPushRippleSwissTokenization Read More
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce AsianBitcoinChallengecurrenciesDollarDominanceEconomicsLocalNationsNewsPushSoutheast Read More
After the recent launch of the Camino Network travel-focused blockchain, legacy travel companies are looking toward a Web3 future. Cryptox spoke with executives at Europe-based airlines Lufthansa and Eurowings — two of the first companies to use the Camino Network — to understand how Web3 integrations bring this industry to its next EurowingsindustryLufthansaPlayersPushTravelWeb3 Read More
Bitcoin (BTC) tracked $27,500 on May 10 as markets geared up for what should be a positive United States inflation print.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI set for months of declineData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered in a narrow trading range ahead of 28KBitcoinBTCCPIcryptoexchangedayDemandExchangesEyesPricePushTradersVolatility Read More
Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS.
Sergey Lavrov Convinced SCO Countries Will Switch BitcoincurrenciesFinanceLavrovNationalNewsPushRussiasSCOStopped Read More
Four media outlets in the United States have continued efforts to get the identities of non-U.S. FTX customers revealed, filing new objections to a previous motion to seal their identities. Bloomberg, Dow Jones, The New York Times and The Financial Times first filed a motion objecting to FTX and the Official BitcoincryptoexchangeExchangesFTXidentitiesMainstreammediaNonUSPushRenewUser Read More
The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of efforts to minimize the industry’s alleged impact on climate change. The proposed crypto-mining tax was first announced on March 9 as part of President Biden's FY2024 budget and seeks to AdvisorsDigitalEnergyHouseMiningPushRenewTaxWhite Read More
As crypto exchange Coinbase makes a push toward a sensible regulatory environment for the crypto space, the exchange launched a nonfungible token (NFT) collection to gain the community’s support. However, not everyone is excited about the move, with some not even sure if it will have any impact at all. On BitcoinCoinbaseCommunityCryptocryptoexchangeExchangesNFTsPolicyPushSplit Read More