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As the EU AI Act comes into effect, here’s what to expect

The EU AI Act takes effect on Aug. 1, introducing significant regulations for artificial intelligence through phased implementation and key compliance obligations. Source link

India’s Web3 alliance tightens cybersecurity after Wazirx attack

The BWA’s initiatives highlight an increasing awareness of the importance of cybersecurity in preserving trust and integrity in digital finance. Source link

Grayscale’s GBTC ‘spin-off’ Bitcoin Mini Trust goes live on NYSE Arca

After launching its spot Bitcoin ETF in January 2024, Grayscale now diversifies its offering with a “spin-off” spot Bitcoin ETP. Source link

$35T US national debt could bolster Bitcoin’s adoption as ‘hard money’

Bitcoin could see a new all-time high due to the looming US federal debt, which surpassed $105,000 for every living person in the country. Source link

Wisconsin unveils tracker to fight crypto fraud and investment scams

The Wisconsin Department of Financial Institutions aims to protect investors from crypto and investment fraud with a new scam tracker based on consumer complaints. Source link

BTC price lower highs keep Bitcoin bears in control at $70K

Bitcoin continues to print lower highs on the daily chart since the BTC price all-time highs in March. Source link

China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects

Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago. Source link

England’s Law Commission proposes new property category for crypto assets

The Law Commission’s final report advocates for legal reforms to better protect the unique features of digital assets. Source link

Mt. Gox just moved $3B in Bitcoin; here’s why the price barely blipped

Crypto analysts say Mt. Gox holders are more likely committed to HODLing, and the market thinks so too. Source link

SEC likely still believes SOL is a security, say crypto execs

Many crypto observers may be “overreading” the security regulator’s latest filing for its Binance lawsuit, meaning Solana and other tokens may not be off the hook yet. Source link