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Cryptocurrency

Basel Committee releases final disclosure framework for banks’ crypto exposures

The Basel Committee on Banking Supervision  has officially released its final disclosure framework for banks’ crypto exposures and made targeted amendments to its cryptoasset standards to “tighten the criteria for certain stablecoins to receive a preferential regulatory treatment.” Both standards…

TradFi giant State Street looking to launch stablecoin, tokenized deposits

TradFi giant State Street Corp. is considering launching its own stablecoin and tokenized deposits in a bid to enhance its payment settlement capabilities using blockchain technology, Bloomberg News reported on July 17, citing sources familiar with the matter. Sources told…

Vitalik Buterin warns against supporting politicians solely based on their pro-crypto stance

Ethereum creator Vitalik Buterin cautioned the crypto community against supporting politicians solely based on their pro-crypto statements and expressed particular concern over a lack of support for “internationalism.” Buterin made the statements in a July 17 blog post, where he…

A Growing Threat to Democracy

In a heated US political climate, financial analyst Michael A. Gayed recently remarked that the rising national debt exceeding $35 trillion is a more significant threat to democracy than political leadership. Gayed emphasizes that the increasing rate of debt outpaces…

AI training dataset used by tech giants allegedly created by scraping YouTube videos in violation of terms

Non-profit AI research group EleutherAI scraped YouTube subtitles to create a dataset in violation of YouTube’s terms of service, ProofNews said on July 16. The dataset, called the Pile, allegedly includes subtitles of 173,536 YouTube videos from over 48,000 channels….

Coinbase, Ripple, a16z to attend Republican and Democratic National Conventions

Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and, later, the Democratic National Convention (DNC). On July 15, Politico said the firms would first “make their case to GOP power brokers” to…

OCCRP investigation reveals surge in crypto ATM usage among scammers, criminals

Crypto ATMs, designed to facilitate converting cash to cryptocurrencies, are increasingly being exploited by scammers, according to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami Herald. The findings reveal a troubling surge in…

Bitcoin futures volume peaks in March, declines in sync with price drop

On-chain Highlights DEFINITION: The total volume traded in futures contracts in the last 24 hours Bitcoin futures volume on major exchanges shows varied trends throughout 2024. The Glassnode charts illustrate a significant shift in futures trading activity. From the start…

Here’s the impact of MiCA regulations on the European crypto market

The following is a guest post from Mike Romanenko, CVO and Co-Founder of Kyrrex. The European crypto landscape is on the brink of a significant transformation with the introduction of the Markets in Crypto-Assets (MiCA) regulation. Mike Romanenko, CVO &…

Bitcoin futures term structure indicates bullish sentiment

On-chain Highlights DEFINITION: The Futures Term Structure is a graphical representation of the pricing for futures contracts expiring at increasingly distant dates into the future. The most common state of the graph, an upward slope, indicates a premium must be…