Coinbase CLO Paul Grewal and Ripple CLO Stuart Alderoty criticize the SEC’s term “crypto asset security” for lacking legal backing. The SEC’s inconsistent token regulation will be under scrutiny as all Commissioners, including Chair @GaryGensler, testify before Congress.
The UN proposes global AI regulation to mitigate risks, suggesting a global AI fund to aid developing countries. Meta halts Llama model in the EU due to regulations. OpenAI revises its safety committee to include independent authorities.
CertiK Ventures invests $45M to enhance Web3 security. The initiative aims to support high-potential projects, leveraging CertiK’s blockchain security expertise and partnerships with major networks like @Ripple and @Binance.
Revolut, valued at $45B and now a UK bank, is developing a stablecoin amid booming demand. Despite growth, 75% of last year’s crypto scam transactions involved stablecoins. Revolut’s move could push further innovation in the financial sector.
A crypto whale sold $3.2M in $PEPE, $FLOKI, and $WLD, netting $200K profit. Despite this, $PEPE surged 13%, $FLOKI rose 10%, and $WLD increased 8%, driven by positive market sentiment from Fed rate cuts.
Louisiana accepts its first cryptocurrency payment for state services using $LBTC. Residents can now pay with $BTC, $USDC, and $LBTC. @BeadPay converts crypto to USD, enhancing security and reducing fraud. First transaction by the Wildlife and Fisheries Department.
$BTC whale dumps 1.03K BTC worth $64.3M during $63K price surge, sparking selloff concerns. Despite this, $BTC remains resilient, buoyed by positive market trends and a US Fed rate cut. Predictions suggest potential new highs this month.
Ukrainian experts at the IT Ukraine Conference compared crypto tax proposals from the Ministry of Digital Transformation and NSSMC, highlighting the impact on market growth and innovation. Aligning regulations with international standards is key to post-war economic recovery.
Ethereum developers will roll out the ‘Pectra’ upgrade in two phases to minimize risks. Phase 1, launching early 2025, includes eight EIPs. Phase 2 will focus on EVM improvements and introduce PeerDAS for better data availability.
Ethereum whale moves 10,000 $ETH to Kraken after two years of inactivity. The wallet, originally holding 50,000 $ETH, still retains about 9,298 $ETH worth $22.66M. Ethereum price up 5% this week.
Seattle-Tacoma Int’l Airport hit by cyberattack; Rhysida Ransomware Group demands $6M in Bitcoin. FBI leads investigation; airport ops minimally disrupted. Data extent unclear, but some files published on dark web. Airport refuses ransom.
Charles Hoskinson will meet Argentine President Javier Milei at Tech Forum Argentina on Oct 19, 2024, to discuss blockchain’s role in governance and economy, including plans for a CBDC. This could bolster Argentina’s economic recovery.
Crypto prediction markets surge to $1.4B in 2024, driven by platforms like Polymarket and Azuro. Challenges include liquidity and regulatory uncertainties, but AI integration and expanded offerings offer promising growth. $BTC $ETH #CryptoNews
FinTech LIVE 2024, happening in London on Oct 22-23, will feature a hybrid format with key topics on digital banking, AI, and financial services. The event will conclude with the Global FinTech Awards, celebrating industry excellence.
