Adedeji Owonibi stated that the Central Bank of Nigeria should have created a blockchain regulation strategy in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks. News Join us on social networks A group of Nigerian digital asset professionals took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria …
Monthly archives: September 2023
US Treasury, IRS propose cryptocurrency regulations for brokers
Brokers — referred to as “digital asset middlemen” in the regulatory proposal — will be required to provide information on gains and losses incurred during the sale of crypto assets. News Join us on social networks Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) …
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Google makes AI disclosure mandatory in political campaign ads
Google updated its political content policy to take effect starting November 2023 which now mandates disclosure of all AI-generated content in election ads. News Join us on social networks Google is making updates to its political content policy to include a new mandate that all verified election advertisers must disclose uses of artificial intelligence (AI) …
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Casa wallet launches Ethereum vault relay service for increased user privacy
Private key manager Casa has launched a transaction relay feature to offer Ethereum users more privacy when transacting from their personal vaults. News Join us on social networks Cryptocurrency self-custody platform Casa has rolled out new functionality for its recently launched Ether (ETH) vaults, allowing users to transact via a relay for added privacy. Casa added …
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The AI and Crypto Union – A New Dawn for Innovation or Pandora’s Box
HodlX Guest Post Submit Your Post The world is watching closely what innovative AI-meets-crypto solutions will bring about. A recent public attention-grabber has been shiny metallic orbs that scan the eyes in exchange for digital ID and cryptocurrency. Throughout the world, people are wondering if we are on the verge of a better future or …
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FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst
“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital. Follow up Join us on social networks The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued …
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Ripple Labs chair slams Biden, Gensler for having ‘screwed up’ on crypto
Ripple Labs chair Chris Larsen commented on the recent cases involving Ripple, Grayscale, and the SEC, arguing it is time for Congress to take the lead on crypto policy. News Join us on social networks The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration …
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Here’s What’s Behind XRP’s Price Decline After SEC Lawsuit Victory, According to Analytics Firm Kaiko
Digital asset research firm Kaiko finds that data from crypto exchanges suggests large traders in the US drove buying demand of XRP after Ripple won a partial court victory over the U.S. Securities and Exchange Commission (SEC) in July. In a new analysis, Kaiko notes that the Korean exchange Upbit and the Seychelles-based exchange OKX …
Analyst: Blackrock’s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors
The possibility of a Bitcoin spot Exchange Traded Fund (ETF) launching in the US, which has gained much attention over the past months, has again made headlines due to Bloomberg ETF analyst Eric Balchunas’s recent suggestions. According to the analyst, should the US Securities and Exchange Commission (SEC) approve BlackRock’s Bitcoin spot ETF, a vast pool of …
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Make or Break Season? Crypto Analyst Predicts A Fall To $1,200 If Ethereum Stays Beneath This Level
Like most altcoins, Ethereum (ETH) has seen its price succumb to the negative market sentiment in recent weeks. This unfavorable market condition has consistently caused the second-largest cryptocurrency to trade beneath the $1,700 level. Could Ethereum Price Fall To $1,200? In an X post dated Wednesday, September 6, crypto analyst Ali Martinez offered insight on …
PERP Spikes 90%, Perpetual Protocol Foundation Sends Tokens To Binance: Is This Good
PERP, the native token of Perpetual Protocol, is one of the top-performing assets, looking at price action in the past 48 hours. As of September 6, the token is changing hands at $0.78, adding roughly 90% from August 2023 highs. Amid this stellar performance, reports reveal that the Perpetual Protocol Foundation has transferred 903,000 PERP worth approximately $691,000 …
Bitcoin MVRV At Critical Support Line, Will Retest Be Successful?
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) ratio is nearing a retest that could be crucial for the asset. Bitcoin MVRV Ratio Is Nearing In On The 1.2 Level As an analyst in a CryptoQuant Quicktake post explained, the 1.2 level of the MVRV ratio has historically been a support line …
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FDUSD Market Cap Jumps By 20% Following Binance Directive
The First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently launched on June 1, 2023, debuting on the Ethereum network and the BNB Smart Chain. The token was officially listed for specific trading pairs on …
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VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst
Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days. News Join us on social networks The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will “ultimately start the clock” for an …
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Celsius Network files ‘adversary complaint’ against EquitiesFirst
Bankrupt crypto lender Celsius Network is attempting to recover assets from a private lender called EquitiesFirst Holdings, which reportedly owes $439 million in cash and crypto. News Join us on social networks Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets. According to a …
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