Opinion by: Phil Mataras, founder of AR.io Artificial intelligence in all forms has many positive potential applications. However, current systems are opaque, proprietary and shielded from audit by legal and technical barriers. Control is increasingly becoming an assumption rather than a guarantee. At Palisade Research, engineers recently subjected one of OpenAI’s latest models to 100…
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Stablecoins have been regulated in different ways across the globe, raising concerns about their viability and possibly putting up barriers for newcomers. Europe’s framework, Markets in Crypto-Assets (MiCA), varies significantly from the US’s GENIUS Act. Both are distinct from Hong Kong’s own stablecoin rules, which were finalized just two weeks ago. These three regulatory frameworks…
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Terraform Labs co-founder Do Kwon has changed his plea from not guilty to guilty on two counts of wire fraud and conspiracy to defraud. According to reporting on Tuesday from the US District Court in the Southern District of New York (SDNY), Kwon waived his right to go to trial on two of the nine…
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A new cryptocurrency whale has purchased $1.34 billion worth of Ether in the past eight days, outpacing record US spot Ether ETF inflows and fueling speculation over the token’s price trajectory ahead of key US inflation data. The whale acquired 312,052 Ether (ETH) across 10 newly created cryptocurrency wallets, according to crypto intelligence platform Lookonchain.…
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Half of the top 20 exchange-traded funds (ETFs) in the United States are linked to digital assets, underscoring the sector’s growing appeal to investors. On Monday, ETF analyst Nate Geraci said more than 1,300 ETFs have launched since the start of 2024, and crypto-linked assets dominated the top 20 investment products in inflows. These include…
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Two publicly listed companies, Japan’s Metaplanet and the United Kingdom’s The Smarter Web Company, added almost $100 million worth of Bitcoin to their corporate treasuries. On Tuesday, Metaplanet disclosed that it had purchased 518 Bitcoin (BTC) for about $61.4 million at an average price of $118,519 per coin. The buy lifted the Tokyo-listed company’s total…
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The United States Securities and Exchange Commission (SEC) is signaling an increasing focus on developing a clear cryptocurrency regulatory framework after ending one of the industry’s longest-running legal battles. The SEC and Ripple Labs ended their almost five-year dispute after both parties filed to drop their legal appeals and bear their costs and fees, according…
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Cathie Wood’s investment company ARK Invest has returned to purchasing the shares of Jack Dorsey’s financial services firm Block after a prolonged sell-off. ARK snapped up 262,463 shares of Dorsey’s Block (XYZ) on Monday, according to a trade notification seen by Cointelegraph. With the stock closing at $73, the purchase is worth $19.2 million. Block…
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Key points: Bitcoin price momentum weakness is leading to lower targets, with Wyckoff analysis warning that $100,000 support may fail. The push to $122,000 currently looks “ugly” thanks to a rejection on daily timeframes. Attention continues to focus on the CME gap near $117,500. Bitcoin (BTC) risks breaking its bull run early as a sub-$100,000…
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South Korean exchange Bithumb tightened rules on its month-old crypto lending service, halving leverage and sharply reducing loan limits to address investor risk concerns. On Monday, the exchange said it resumed its crypto lending service after suspending it on July 29 over “insufficient lending volume,” according to a report from the South Korean newspaper Kookmin Ilbo.…
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