Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor’s noteThe final scene of Animal Farm, Orwell’s classic fable of revolution gone wrong and a staple of secondary-school reading lists throughout the English-speaking world, features a card game. The pigs who run the farm with an…

DeFi users appear to be choosing Arbitrum over Optimism for scaling as Uniswap’s layer-two volume presses into record highs. 629 Total views 34 Total shares The world’s most popular decentralized exchange, Uniswap, is seeing layer two volumes surge as Ethereum transaction fees surge once again.On Oct. 19, Uniswap founder Hayden Adams tweeted that daily volume…

Bitcoin (BTC) now almost perfectly aligns with the historically accurate price chart, which has charted its growth from pennies to digital gold.According to data from Digitalik, a resource that monitors Bitcoin's position relative to the Stock-to-Flow model, as of Jan. 20, BTC/USD is exactly where it should be. $8.6K Bitcoin sticks rigidly to forecastsStock-to-Flow measures the…

Disney has reportedly created a task force for studying how it can incorporate AI into its operations, sources close to the matter told Reuters. 559 Total views 42 Total shares Disney is reported to have created a task force to study artificial intelligence (AI) and its potential applications throughout the company, according to a Reuters…

Global central banks are increasingly looking at blockchain technology as a tool to make interbanking processes more efficient and transparent.Following the World Bank’s exemplary experience of blockchain bond transactions, South Korea’s central bank is working on its own blockchain-based bonds, Cointelegraph Korea reports Feb. 18.Bank of Korea started the project in late 2019According to a…

The British financial regulator, the Financial Conduct Authority (FCA), has issued a warning against illegal crypto-related firm Next Coin Market, according to an official statement released on March 6.According to the FCA, Bulgaria-based Next Coin falsely claims to be authorized with the U.K. financial authority to offer cryptocurrency-related services to British residents.The FCA elaborated that…

The founder and CEO of Square Inc, Jack Dorsey, believes that his company’s crypto-friendly payments application Cash App can distribute America’s stimulus package more efficiently than the U.S. government.On March 27, Dorsey responded to the tweet of a Cash App user suggesting that the payments application could be used to distribute the United States’ forthcoming…

The leader of the conservative Hindu group has called for proper policing of the crypto space along with other stricter measures targeted at the digital space. 138 Total views 3 Total shares Mohan Bhagwat, the head of the Rashtriya Swayamsevak Sangh, or RSS — a right-wing Hindu nationalist society — has urged India’s government to…

Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.