As the EU works on its upcoming AI bill, executives from 160 companies in the industry drafted an open letter on the implications of too strict regulations. An open letter to lawmakers in the European Union was issued by more than 160 executives from tech companies around the world urging careful consideration of artificial intelligence...Continue Reading

South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading. South Korea’s government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem tokens by passing a new crypto bill. The parliament of South Korea on June 30 passed the...Continue Reading

Blue-chip NFTs refer to highly valuable and prestigious nonfungible tokens that are considered top-tier assets within the NFT market. Is investing in blue-chip NFTs safe? Like any investment, buying blue-chip NFTs entails risk, including market volatility, the potential for fraudulent projects, and violations of intellectual property (IP) laws and regulations. Even if blue-chip NFTs are...Continue Reading

United States Senator Michael Bennet wrote a letter to major tech companies, including OpenAI and Google, to urge the labeling of AI-generated content. United States Senator Michael Bennet has urged tech companies to label AI-generated content and monitor any misleading content produced by artificial intelligence (AI).  In a June 29 letter sent to executives of...Continue Reading

Bitcoin tries to cement higher support as an important day for markets arrives. Bitcoin (BTC) spiked through $31,000 on June 30 as a nearly $6 billion open interest expiry loomed. BTC/USD 1-hour chart. Source: TradingView Options expiry precedes day of BTC price triggers Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs...Continue Reading

Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate. Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams. Speaking on the final day of Australian Blockchain Week in Melbourne on...Continue Reading

The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price. The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance.  The beauty of crypto bear markets is they catalyze a realignment...Continue Reading

The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout. The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago. The emergency lending program — known as the Bank Term Funding Program (BTFP) — was...Continue Reading

Dilip Rao, a former Ripple executive who’s now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies. Central Bank Digital Currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Speaking...Continue Reading

Reserve Bank of New Zealand however said that crypto and stablecoins should be more closely monitored. The New Zealand central bank is ramping up its monitoring of stablecoins and crypto-assets following public submissions, but has stopped short of calling for a “regulatory approach.” In a June 30 statement, Ian Woolford, the Reserve Bank of New...Continue Reading