European Union lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of...Continue Reading

The bulls are trying to nudge Bitcoin above the critical resistance of $31,000, which may start a broad-based crypto rally. The United States equity markets have witnessed a solid year so far. The Nasdaq Composite has soared 31.7%, its best first-half performance since 1983. Similarly, the S&P 500 Index’s (SPX) 15.9% gain is its best...Continue Reading

The application included a Nasdaq-Coinbase agreement “intended to supplement the exchange’s market surveillance program” following the SEC reportedly saying the filing was unclear. The most recent filing involving asset manager BlackRock’s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase. According to a June 29 filing with...Continue Reading

Bitvo president and CEO Pamela Draper spoke with Cointelegraph at the Collision Conference in Toronto on the firm almost being acquired by FTX and Canada’s regulatory environment. Pamela Draper, president and CEO of crypto platform Bitvo, has weighed in on firms escaping the Canadian market amid the regulatory environment. Speaking to Cointelegraph at the Collision...Continue Reading

A day after Twitter implemented new restrictions on the number of posts users can view, the rival platform Mastodon reported a major increase in traffic numbers. A day following Twitter’s new limits on the number of posts users can see according to their verification status, a rival to the social media company called Mastodon reported...Continue Reading

The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership. The United Kingdom’s Law Commission is pushing for the creation of a ‘distinct’ category of personal property to accommodate and protect unique features of cryptocurrencies and digital assets. The body made the recommendation alongside three other key points...Continue Reading

BTC price action keeps everyone guessing, while Bitcoin casually marks a major achievement on monthly timeframes. Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open with bulls still in need of a catalyst. BTC/USD 1-hour chart. Source: TradingView Bitcoin price: Sink or swim at $30,000 Data from Cointelegraph Markets Pro and TradingView...Continue Reading

Artificial intelligence isn’t just generating lots of content these days, but equally, lots of excitement too. Artificial intelligence (AI) isn’t just generating lots of content these days, but equally, lots of excitement too. The rise of ChatGPT has led to the rapid adoption of generative AI technology in numerous industries, helping to answer people’s queries,...Continue Reading

The exploiter used a “panic” function buried within eight different smart contracts to remove $1 million worth of users’ funds without their permission. On June 26, decentralized finance (DeFi) aggregator Chibi Finance was exploited by its own deployer account, and $1 million worth of cryptocurrency was drained from its contracts in an apparent rug pull...Continue Reading

MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones. Singapore’s central bank is introducing new measures to improve investor protection and market integrity in the cryptocurrency industry. On July 3, the Monetary Authority of Singapore (MAS) announced new requirements for crypto service...Continue Reading