Bitcoin bulls fail to stem fresh losses, with BTC price abandoning prior strength and opportunistic whales manipulating the arena with liquidity. Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView Inflation specter haunts crypto markets Data from Cointelegraph Markets Pro...Continue Reading

The legislation would oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers.” Legislation that could require exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to becoming law in the United States state of Texas. The bill passed a...Continue Reading

An internal document from the tech giant said that while it develops its own AI technology employee usage of outside AI chatbots will be restricted. The “Big Tech” giant Apple, has restricted company usage of the widely popular artificial intelligence (AI) chatbot ChatGPT as it fears its sensitive data could be compromised. A report by...Continue Reading

ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors. Australia’s stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with...Continue Reading

Australian crypto exchanges report no problems with their payment providers, but the lack of local laws means more debanking incidents can’t be ruled out. Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some have warned risks still loom. On...Continue Reading

Bittrex Global CEO, Oliver Linch, believes crypto conferences won’t exist in 5-10 years as crypto would just become a part of traditional finance. Crypto needs to establish itself as a “brand-new” component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the CEO of crypto exchange Bittrex Global. The company’s...Continue Reading

Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins. Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data. Stablecoins have become the center of attention...Continue Reading

While it is currently only available in the United States, a full global rollout could see more than a billion users access to the official app on iOS. OpenAI has launched the official version of its AI-powered chatbot ChatGPT on Apple’s App Store, and hints an Android version is alcoming “soon.” ChatGPT and the advances...Continue Reading

The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation. A blockchain lobbying group backed by the likes of Goldman Sachs, Citi Group, Circle, and Fidelity has urged the United States Congress to pass a legal framework for digital assets or risk...Continue Reading

The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement. Cryptocurrency trading platform Coin Cafe has been ordered to repay $4.3 million to its users after allegedly charging “exorbitant and undisclosed fees” for storing Bitcoin on the...Continue Reading