While the panel’s headline might be offputting for some, the inquiry is of great interest to all manner of Bitcoin (BTC) and cryptocurrency investors. The conventional belief held by many in the space is that the Bitcoin supply halving is a bullish phenomenon that when complete, is followed by near parabolic upside in BTC price. Continue Reading on Cointelegraph More
The FDIC adopted a “bottom up” approach to crypto risk in early 2022, the OIG said. That approach consists of understanding supervised institutions’ crypto-related activities, providing case-by-case supervisory feedback and “providing broader industry guidance on an interagency basis.” Continue Reading on Cointelegraph More
The partnership focuses on the “ethical use of AI,” with one of the main goals being to protect the rights of artists and songwriters. Continue Reading on Cointelegraph More
In an Oct. 18 notice, the ECB said it plans to “start laying the foundation for the possible issuance of a digital euro” beginning on Nov. 1, adding the issuance of a central bank digital currency (CBDC) was not a foregone conclusion. The announcement followed the release of a 44-page report on a potential digital euro’s design and distribution. Continue Reading on Cointelegraph More
This work leverages the company’s previous work decoding letters, words, and audio spectrograms from intracranial recordings. Continue Reading on Cointelegraph More
On Wednesday, Buterin clarified that these transactions are not for personal gain but typically for humanitarian causes. The beneficiaries then sell the received Ether (ETH) to cover their operational costs. He hasn’t sold any Ether since 2018, despite frequently receiving tokens from new digital currency projects on the Ethereum platform.In early October, during this market stress, Buterin transferred $1.64 million of Ethereum to the Bitstamp exchange. His wallet transferred 400 ETH ($0.63 million) to Coinbase (NASDAQ:COIN) on September 25, 2023, as part of a series of deposits totaling 2,421 ETH ($3.94 million) since September 15. Other exchanges like Kraken, Bitstamp, and Paxos also received 321 ETH, 1,700 ETH, and 500 ETH respectively in mid-September.A wallet named “Vitalik.eth” transferred 600 ETH to Coinbase a month ago, as reported by CoinCu. Another associated wallet, “Vb 2,” transferred 2,000 ETH ($4.9 million) to the address managing these transactions. Additionally, the wallet exchanged 500 Maker (MKR) tokens for 350 ETH and $3.12 million in ETH.Buterin also moved $15 million USDC stablecoin to the Geminai exchange recently. He received a $15 million grant from a Biotechnology Foundation for COVID-19 research, contributing to the increased activity in his wallets.Another wallet linked to Buterin holds 37,000 ETH and has seen significant transactional activity over the past year. Despite his request not to be sent tokens, Buterin continues to donate these to charities and non-profit organizations, particularly during the Coronavirus pandemic, using this method.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Marathon Digital Holdings, Inc. (the “Company”) has entered into a Custodial Services Agreement (the “Agreement”) with Fidelity Digital Asset Services LLC (“Fidelity”). Pursuant to the Agreement, the Company will establish one or more custodial asset accounts with Fidelity to house a portion of its digital assets. The Agreement contains details on administrative matters such as the transfer of assets into and out of the accounts, as well as on policies on trades, including order execution. The Agreement is terminable at any time by either party upon 30 days’ prior written notice to the other and is terminable without notice upon the occurrence of certain specified events. Fees are specified in the Agreement and the Agreement contains other standard provisions for a custodial services agreement of this like and tenor. More
Initially, Binance had partnered with Rebuildingsociety.com Ltd (REBS), an FCA-authorized firm, to promote its business in the UK. However, due to legally binding requirements imposed on REBS by the FCA, REBS was compelled to withdraw all existing approvals and cease approving financial promotions. This move has left Binance without an approved entity for its financial promotions in the UK.As a result, Binance is now actively seeking a new FCA-authorized entity to approve its financial promotions. Until such an entity is found and re-approval is secured, temporary restrictions have been placed on Binance’s platform and mobile app for UK users. Current UK customers will retain access to existing services but will be prohibited from accessing any new products or services.On the first day of the new regime, the FCA issued 146 alerts for non-compliance and advised consumers to consult its “Warning List” before making crypto investments. The Financial Promotions Regime, announced in February, provides four routes for crypto companies to promote cryptocurrencies, including compliance with conditions of an exemption in the Financial Promotion Order. This development underscores the evolving landscape of cryptocurrency regulation in the UK and highlights the importance of regulatory compliance. The UK’s Financial Promotion regime aims to strike a balance between fostering growth in crypto assets and ensuring investor protection by setting guidelines for cryptocurrency businesses.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
