Day: 10 July 2024

According to Coinbase CEO Brian Armstrong, cryptocurrency would usher in a future where the global financial system is more efficient, fair, and accessible. In an interview with the Wall Street Journal earlier this week, Armstrong shared his optimistic vision for the future of cryptocurrency, a future where a significant portion ...

Microsoft has reportedly decided not to join OpenAI's board amid escalating regulatory scrutiny of the Artificial Intelligence(AI) firm. According to Bloomberg, the tech giant communicated this decision in a recent letter to the OpenAI board. In the letter, Microsoft expressed confidence in the company's direction, noting the progress made by ...

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the newly appointed board members of the Securities and Exchange Commission (SEC) to address the complexities of cryptocurrency regulation in the country. According to a report from local media, Punch, Edun emphasized the importance of ...

Blockchain analytics firm Elliptic has released a report alleging that Cambodia-based crypto marketplace Huoine Guarantee is involved in facilitating money laundering and other illicit activities. The report, published on Wednesday, July 10, 2024, claims that Huoine Guarantee has played a role in laundering proceeds from global scams. Transactions linked to ...

The Bank of Italy will soon issue guidelines on implementing the European Union's Markets in Crypto-Assets Regulation (MiCA). Governor Fabio Panetta announced this during his address to the Italian Banking Association on July 9, 2024. stating that these guidelines aim to ensure effective MiCA application and protect cryptocurrency holders. Panetta ...

The launch of U.S.-based spot Ether exchange-traded funds (ETFs) for public trading appears to be on the horizon, though the exact timing remains uncertain, according to Katherine Dowling, chief compliance officer at Bitwise. In a July 9 interview with Bloomberg, Dowling noted that the back-and-forth between issuers and the SEC ...