Elon Musk voices support for sweeping AI safety regulations
Musk said he was pro-AI regulation “just as we regulate any product/technology that is a potential risk to the public.”
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Bitcoin capitulation 4th-worst ever as BTC hodlers lose $10B in a week
Bitcoin (BTC) hodlers have capitulated more than at almost any point in Bitcoin’s history this month.Data from on-chain analytics firm Glassnode confirms that the November 2022 BTC sell-off was the fourth-largest ever.Bitcoin investors see multi-billion-dollar lossesIn the latest edition of its weekly newsletter, “The Week On-Chain,” Glassnode got to grips with the impact of the FTX…

Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square
Jack Dorsey’s Square made more than 90% more gross profit than the same period last year, with $546 million coming from Cash App’s Bitcoin services. 586 Total views 103 Total shares Jack Dorsey’s Square has reported a 200% increase in Bitcoin revenue for the second quarter year-on-year (YoY).The company announced the impressive earnings figures in…

Switzerland’s First Licensed Crypto Bank is Eyeing Singapore Next
Sygnum is in talks with local regulators to seal a banking license in Singapore, Bloomberg reported on Aug. 28.The cryptocurrency firm has only just been issued a conditional banking and securities dealer license in Switzerland — and now aims to become a fully regulated bank on the island nation so it can provide a full…

Arbitrum price soars after DeFi whale address resumes ARB accumulation
ARB’s price notched a double-digit gain after a popular DeFi whale address resumed buying the governance token, but is the rally sustainable? 96 Total views 2 Total shares On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit.Why is the ARB price up…

Staking Coming to Matic on June 15
Matic has unveiled staking will go live in June. 1913 Total views 18 Total shares Matic just announced June launch dates for its staking testnet and mainnet."Staking UI to be publicly available on testnet by 15th June," Matic said Wednesday in a statement on its blog. "Final staking and delegation to foundation nodes on the Matic…

New York bill proposes to ban crypto mining for 3 years over carbon concerns
A bill seeking to “pause” crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3. 1669 Total views 31 Total shares Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New…

BitTorrent’s Tron-Based BTT Token Integration Will Launch by Summer
BitTorrent’s system dubbed BitTorrent Speed, which will integrate the Tron-based BTT token into the popular µTorrent Windows client, will launch by summer. The company has confirmed this in a press release shared with Cointelegraph on Jan. 19.BitTorrent Speed will issue cryptocurrency token rewards to users that serve content to others via the µTorrent network. The…

XRP surges after Ripple ‘victory,’ Trump Jr. crypto platform plans, and more: Hodler’s Digest, Aug. 4-10
XRP surged 26% after Ripple scores a ‘victory,’ Donald Trump Jr. reveals plans to launch crypto platform: Hodler’s Digest