In the ongoing legal battle between Coinbase and the United States Securities and Exchange Commission (SEC), the American cryptocurrency exchange has filed a motion to dismiss the SEC’s complaint. In a legal document filed on Thursday, June 29 with the U.S. District Court for the Southern District of New York, Coinbase raised concerns about the…
Read more
Parliament members in the European country of Slovakia voted in approval of lowering crypto taxes, among additional measures affecting cryptocurrency holders. On June 28 the Slovakian parliament voted to approve an amendment that will reduce personal income tax for profits gained from the sale of cryptocurrencies that have been held by the user for at…
Read more
The German Federal Financial Supervisory Authority (BaFin) — the country’s financial regulator — has reportedly rejected Binance’s crypto custody license application. The news was first reported by Forward Finance, citing people familiar with the matter. Cointelegraph reached out to Binance to confirm the news, and a spokesperson from the firm said that it is “unable to…
Read more
Officials in the United States are mulling over tighter controls on an export regulation that was created to minimize the availability of artificial intelligence (AI) chips to China. According to officials close to the source, the stricter regulations would include clamping down on the level of computing power chips can have that are able to…
Read more
OpenAI, the maker of the popular chatbot ChatGPT — a natural language processing artificial intelligence (AI) tool — is facing a class-action lawsuit in California over allegedly scraping private user information from the internet. The lawsuit was filed in the United States District Court for the Northern District of California by Clarkson Law Firm on June…
Read more
Bitcoin (BTC) short-term holders are feeling the need to sell BTC at $30,000, data shows. In research released on June 28, on-chain analytics firm Glassnode flagged tens of thousands of coins being sent to exchanges. Bitcoin speculative exchange moves “intensifying” BTC price action stalling at $30,000 is prompting a rethink when it comes to buyers…
Read more
A bill that would see North Carolina’s Treasurer study the feasibility and benefits of the state holding Bitcoin (BTC) has passed the lower house of the state’s legislature. On June 28, the House passed the bill which would commission a $50,000 study to examine “acquiring, securely storing, insuring, and liquidating” both gold bullion and “virtual…
Read more
Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though every use is financial, argues a commissioner at the U.S. Securities and Exchange Commission. On June 29, Commissioner Hester Peirce — dubbed “Crypto Mom” — appeared remotely at Australian Blockchain Week and was asked how she would regulate crypto, answering:…
Read more
Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers…
Read more
Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing. Source link