The Greek government said the “exponential pace” of AI development has created the necessity for an advisory committee under the country’s prime minister. The object of the committee is to prepare Greece for the developments and applications of the technology. Continue Reading on Cointelegraph More
In an Oct. 20 notice, FinCEN said that the militant group Hamas — behind the Oct. 7 attack on Israel — employed “fundraising campaigns involving virtual currency and fictitious charities raising both fiat and virtual currency” to fund its activities. The government department warned virtual asset service providers and other institutions to “identify and report suspicious transactions” potentially connected to Hamas. Continue Reading on Cointelegraph More
The newly integrated services include EUR deposit and withdrawal options via innovative platforms such as Open Banking and SEPA/SEPA Instant. These partnerships align with Binance’s vision of global financial empowerment, simplifying crypto adoption and expanding access to Web3 ecosystems. The platform has also introduced EUR spot pairs to amplify trading opportunities and bolster liquidity.Among the regulated fiat partners Binance has teamed up with are TrueLayer and Nuvei. These partnerships enable EUR payments, deposits, withdrawals, and crypto transactions via the Open Banking and SEPA/SEPA Instant systems. These moves are seen as pivotal for global digital asset adoption.This strategic shift comes after Paysafe, Binance’s former euro service provider, discontinued its support. This resulted in withdrawal issues for some users. Following a strategic review, Paysafe ceased its embedded wallet for Binance’s EU customers and discontinued British pound support for new users.In May 2023, amidst legal inquiries from various countries, Binance suspended GBP deposits and withdrawals until a new banking partner was secured. Furthermore, due to licensing issues, Binance ceased operations in Germany, Netherlands, and Cyprus, reducing its European footprint.These changes occurred alongside the departure of the CEO of Bifinity UAB, a Binance subsidiary in Lithuania focusing on fiat payments. To further enhance user experience amidst these changes, the platform has introduced bank card transactions.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The past week in DeFi was dominated by developments in the popular decentralized exchange platform Uniswap after it announced a 0.15% swap fee starting on Oct. 17, and an open-source hook on Uniswap generated controversy due to Know Your Customer (KYC) checks.Continue Reading on Cointelegraph More
Crypto analyst Mag pointed out that Ethereum is at a pivotal point, and if it manages to maintain above its long-term support trendline, it could trigger a significant value surge. The ETH/BTC pair reached a 0.055 target while testing the long-term trendline support zone, lending weight to this prediction.Data from CryptoQuant shows high net deposits on exchanges and dominant selling sentiment in the derivatives market, indicating heightened selling pressure for ETH. However, data from Santiment reveals that Ethereum’s supply outside exchanges has surpassed its supply on exchanges, suggesting increased token accumulation.In other developments related to Ethereum, Binance announced routine wallet maintenance scheduled for October 24, 2023, at 7:00 a.m. UTC. This will briefly halt deposits and withdrawals on the Ethereum network, while trading activities will continue without interruption. A similar maintenance was carried out on the Tron network earlier in the week.Furthermore, Ethereum is seeing record accumulation by whale addresses holding over one million ETH. These addresses now control 32.3% of the total ETH supply – a first since July 16. Additionally, October 16 marked a significant day for Ethereum as transactions exceeding $1 million recorded their second highest frequency within a month.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
MultiversX claims that the partnership between the two firms has the potential to immediately streamline the execution of large-scale, data-first blockchain projects. This should help developers easily access data about addresses, transacted amounts, smart contract interactions, and increased on-chain analytics, the company said.Continue Reading on Cointelegraph More
On Oct. 19, the SEC announced its victory after a default judgment was issued against Chin and Thor by the U.S. District Court for the Northern District of California, San Francisco, on Wednesday, Oct.18. A default judgment is a legal ruling issued by a court when one party in a lawsuit fails to respond or defend their case within the specified legal time frame. This typically occurs when the defendant does not file an answer to the plaintiff’s complaint or appear in court as required.Continue Reading on Cointelegraph More
Van de Poppe’s predictions suggest that the blend of the imminent ETF application and the pre-halving event will likely cause a dramatic increase in BTC’s price. He also mentioned a possible retest around the $27,700 level and highlighted a beneficial BTC consolidation phase for solid support levels.In addition to his Bitcoin analysis, Van de Poppe identified an upward trend in altcoins such as Chainlink, Solana, and Injective in their final bear market phase. This observation comes despite overall crypto disinterest and Bitcoin’s dominance in the market. The analyst predicts that the anticipated BTC halving event will stimulate the altcoin markets, following historical patterns.However, Ethereum’s performance was noted as a concern due to disappointment over the delayed launch of ETH ETF Futures. The delay has underscored weakness in Ethereum amidst an otherwise bullish crypto market forecast.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
