Crypto firm Paxos has secured in-principle approval from Abu Dhabi’s regulator on two fronts: to issue stablecoins and conduct digital asset services. In a Nov. 29 announcement, Paxos said the Financial Services Regulatory Authority in the Abu Dhabi Global Market had granted in-principle approval for the company to issue U.S. dollar-backed stablecoins, as well as
Month: November 2023
Ethereum has formed a “golden cross” pattern on the 1-week timeframe, marking the second such signal this year. While the long-term implications could be very positive if history repeats itself, there are reasons to temper expectations. A weekly golden cross has formed | ETHUSD on TradingView.com Ethereum Golden Cross And A Possible Target For New
Every day this week we’re highlighting one genuine, no bullsh*t, hype free use case for AI in crypto. Today it’s the potential for using AI for smart contract auditing and cybersecurity, we’re so near and yet so far. AI artwork for the ChatGPT written TurboToad memecoin. (Twitter) One of the big use cases for AI
An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH). Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. ETH
Embattled Thai crypto exchange Zipmex is offering its creditors 3.35 cents per dollar for initial claims, with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from the company, which owes its customers $97 million. According to a Nov. 29 Bloomberg report, Zipmex could raise the sum from 3.35
The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.” In an on-chain message addressed to KyberSwap executives, tokenholders and liquidity providers on Nov. 28, the exploiter said they plan to release a statement
The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids. The agency has requested written comments on both proposals to approve or denythe applicants’ Forms 19b-4. SEC Form 19b-4 is a public disclosure approved by the
Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to ETF analysts. In a Nov. 28 X (Twitter) post, Bloomberg ETF analyst James Seyffart said the Securities and Exchange Commission
Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors
Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the largest in the
For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype. Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI in
Ethereum founder Vitalik Buterin’s blog post highlighting the threats he sees artificial intelligence (AI) could pose to humanity has attracted many fiery responses from AI and blockchain community members. On Nov. 27, Buterin published a blog post titled My techno-optimism, which discussed how AI is “fundamentally different” from other inventions like guns, airplanes and social media.
Amid the downturn in the global financial technology market, the rumored Ripple Initial Public Offering (IPO), a highly anticipated event, could be affected by a potential delay. Ripple IPO Might Be Delayed In The Thick Of Fintech Downturn Director of FinTech Investment Banking at Rosenblatt Securities Dushyant Shahrawat has recently suggested a potential delay in
Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF). As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation. Analysis: $43,000 BTC price is “most conservative level” Bitcoin is in a rare position on weekly timeframes when
The secretary-general of Amnesty International, Anges Callamard, released a statement on Nov. 27 in response to three European Union member states pushing back on regulating artificial intelligence (AI) models. France, Germany and Italy reached an agreement that included not adopting such stringent regulations for foundation models of AI, which is a core component of the
XRP has taken investors on an exciting roller coaster ride this year, taking them on a trip through the highs and lows of the market. There have been a lot of ups and downs, from a small rise in March to a huge surge in July and another one in the middle of October. Even
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