ASI Alliance calls for decentralized cloud infrastructure in AI development
The ASI Alliance urges decentralization in cloud services to mitigate vulnerabilities in AI development, ensuring both security and innovation.
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Pro-Ripple lawyer predicts prolonged legal battle, hints at settlement factors
John Deaton says there has not been "a single serious conversation" about a potential settlement between Ripple, Brad Garlinghouse, Chris Larsen and the SEC. 111 Total views 2 Total shares Pro-Ripple lawyer John Deaton has said he expects a lengthy legal process for the Securities Exchange Commission (SEC) v Ripple case, possibly lasting a year.
Bitcoin price could hit $63K amid $3.9B futures expiry
Bitcoin needs to hold above the $65,000 mark for more upside, while Ether price is weighed down by a sell-the-news event, according to analysts.
China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain
Earlier this week, a story published by Chinese state-run media outlet Xinhua featured some pro-Bitcoin comments that referred to the flagship digital currency as being the world’s “first successful application of blockchain technology.”This latest endorsement comes against the backdrop of China’s stringent anti-crypto stance, wherein the country’s lawmakers implemented a blanket ban on its local…
Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report
An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander. 204 Total views 1 Total shares Spanish financial services giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH).On Nov. 20, Santander Private Banking International’s Swiss private
Int’l Accounting Standards Body Defines Bitcoin as ‘Intangible Asset’
The International Financial Reporting Interpretations Committee (IFRIC) has ruled that cryptocurrencies, including Bitcoin (BTC), are neither financial assets nor legal tender.The Korea Times reported the development on Sept. 23, citing the Korea Accounting Institute’s briefing in regard to an IFRIC meeting held in London this June.Cryptocurrencies neither financial assets nor currenciesAccording to the report, the…
China’s central bank lays regulatory foundation for CBDC
The new draft law legitimizes digital yuan and may criminalize the issuance of yuan-backed stablecoins by third parties 379 Total views 11 Total shares China’s central bank, the People’s Bank of China (PBOC), published a draft law this Friday that aims to provide regulatory framework and legitimacy for a forthcoming central bank digital currency (CBDC),…
US court approves SEC-Binance.US agreement
As per the approved agreement, only Binance.US employees will have access to client funds until the litigation is resolved. 331 Total views 2 Total shares United States Judge Amy Berman Jackson approved on June 17 an agreement between Binance.US, Binance, and the Securities and Exchange Commission (SEC), dismissing a previous temporary restraining order (TRO) that…
WSJ: Organized Crypto ‘Trading Groups’ Manipulated Markets to Make $825 Million in 2018
Cryptocurrency price manipulation is largely conducted by organized “trading groups” using services such as Telegram, the Wall Street Journal claimed in a study released August 5. Unveiling the results of research into cryptocurrency markets, the WSJ suggested that coordinated “pump and dump” schemes have seen traders inflate and crash the prices of various cryptocurrencies this…