The European Union is making significant progress towards implementing the AI Act, which is poised to become the world's first comprehensive legislation governing the use of AI technology. On May 11, 2023, European legislators approved a stricter draft...
Multiple traditional financial institutions in the United Kingdom have expressed concerns regarding the government's plans to regulate cryptocurrencies. These institutions have raised issues related to accuracy, taxation, and consumer protection as potential risks associated with cryptocurrency regulation. The...
Validators on the Ethereum network have seen a substantial increase in their earnings; they accrued a total revenue of $46 million in the first week of May 2023. Data from beaconcha.in reveals that validators earned a combined total...
Sixteen individuals accused of kidnapping and stealing cryptocurrency began their trial at the Ho Chi Minh City People's Court on May 10, 2023. The defendants, including Ho Ngoc Tai, Tran Ngoc Hoang, and their associates, allegedly stole approximately...
OKX has launched a global advertising campaign that appears to take a jab at Coinbase's recent marketing efforts. Released on May 9, 2023, OKX's 60-second video campaign concludes with a critique of what it perceives as flaws in...
Hong Kong's Chief Executive Officer of the Monetary Authority, Eddie Yue, has announced that the city is open to cryptocurrency companies, but they will abide by its stringent regulations. Yue made these comments while speaking at Bloomberg Wealth...
A new survey by Goldman Sachs reveals that wealthy individuals are increasingly investing in digital assets and blockchain technology. According to the survey, 32% of family offices now invest in digital assets, including stablecoins, non-fungible tokens (NFTs), decentralized...
Cryptocurrency industry supporters have raised concerns about a proposed regulation by the U.S. Securities and Exchange Commission (SEC) that would tighten laws surrounding crypto custody. The Blockchain Association, an advocacy group, and Web3 venture capital firm Andreessen Horowitz...
Estonia's recent amendments to its anti-money laundering (AML) laws have resulted over 300 virtual asset service providers (VASPs) either ceasing operations or have their licenses revoked. The amended laws included the adoption of the Financial Action Task Force...
More Latin American countries are exploring the possibility of adopting Bitcoin as legal tender following El Salvador's recent move despite rising transaction costs. According to strategist Samson Mow, who helped drive the adoption of crypto in El Salvador,...
