The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned a Gaza-based cryptocurrency exchange company suspected of having ties to the Palestinian militant group Hamas. On Wednesday, October 18, 2023 OFAC announced they were imposing sanctions on 10 key entities believed to be associated with Hamas, including its members, operatives and financial […]
On October 18, 2023, European data protection regulators shared their recommendations about the “digital euro,” a new digital currency proposed by the European Commission in July 2023. The aim is to improve how personal data is protected with this new currency. The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) made […]
Bitcoin Amsterdam shed light on the persistent challenges in achieving consensus on proposed improvements to the Bitcoin protocol. This issue has been a source of contention within the Bitcoin community, reminiscent of the heated block size debate in 2017. Key Bitcoin core developers, Paul Sztorc and Peter Todd, recently engaged in a contentious exchange at […]
Paul Grewal, an executive at Coinbase Global Inc, recently voiced his concerns about the Treasury’s proposed regulations for taxing digital assets. He emphasized that these rules could stifle innovation and fairness in the industry, urging those who share these concerns to oppose the regulations. Grewal emphasized that the rules might put digital assets at a […]
OpenAI, known for its advancements in generative AI, has revealed a new deepfake detection tool designed to tackle the surge of misleading content on social media. Presented at the Wall Street Journal’s Tech Live conference in Laguna Beach, California, OpenAI’s Chief Technology Officer, Mira Murati, unveiled the tool claiming it can reliably identify AI-produced images […]
Bankrupt crypto exchange FTX submitted an amended proposal to return up to 90 percent of creditor holdings held on the exchange before it went bankrupt in November 2022. Quoted from Yahoo Finance, Wednesday (18/10/2023), the debtor group currently overseeing the bankruptcy process will officially submit a plan no later than December 16 2023 to the […]
The European Union has recently passed a new law that obligates companies dealing in cryptocurrencies to share information about their clients’ holdings with tax authorities. This move aims to enhance transparency and oversight in the crypto market, ensuring compliance with tax regulations. The directive covers various aspects, including stablecoins, non-fungible tokens (NFTs), e-money tokens, and […]
AI Startups AI startups in Silicon Valley secure an incredible $17.9 billion in funding, surpassing other tech sectors during uncertain times. Global investments in AI companies surged by 27% in the third quarter, even as overall startup deals fell by 31%. Kong, a software communication management firm, embraces the AI trend while maintaining profitability amidst […]
Lido DAO has decided to terminate its project on the Solana blockchain following a recent community vote. The team behind the Lido on Solana protocol cited financial constraints as the main reason for this decision. The winding down process is expected to take place gradually over the next few months. Holders of stSOL tokens have […]
Coinbase, a popular U.S.-based cryptocurrency exchange, has taken steps to improve liquidity on its platform by removing several trading pairs. This move is in line with their strategy to enhance the overall health of the market and consolidate liquidity. On October 16, 2023, Coinbase suspended 80 trading pairs that did not involve the U.S. dollar […]