Coinbase filed an appeal the same day its petition for a rulemaking on crypto used as a security was denied. Coinbase is continuing its efforts to ensure adequate legislation on cryptocurrency used as securities. After the United States Securities and Exchange Commission (SEC) denied Coinbase’s petition for rulemaking on cryptocurrency on Dec. 15, the crypto...Continue Reading

The regulations will take effect on Jan. 8, with the Bank of England and U.K. Financial Conduct Authority operating the sandbox. The United Kingdom Financial Services and Markets Act’s provisions on a digital securities sandbox are scheduled to come into force in January 2024 after being presented to Parliament. In a Dec. 18 publication, the...Continue Reading

The neobank will halt crypto purchases by businesses while it sorts out new ad requirements. Neobank Revolut will temporarily halt cryptocurrency purchases on its business platform in the United Kingdom at the beginning of the new year, according to a media report. An email informing customers of the decision mentioned only purchasing, implying holding crypto...Continue Reading

The head of the Catholic Church warned humanity of AI’s potential dangers and explained what needs to be done to control it. Nowadays, everyone has an opinion on artificial intelligence (AI) and its potential risks. Even Pope Francis — the head of the Catholic Church — warned humanity of AI’s potential dangers and explained what...Continue Reading

Bitcoin may remain under pressure for a few days, but a collapse is unlikely as traders are expected to buy the dips in anticipation of a spot Bitcoin ETF. The S&P 500 Index (SPX) rose 2.49% last week, extending its string of weekly gains to seven weeks, the longest such winning streak since 2017. However,...Continue Reading

The ad spot came as the U.S. SEC is looking at multiple spot crypto exchange-traded fund applications from asset managers. Actor Jonathan Goldsmith, who appeared as “The Most Interesting Man in the World” in an advertising campaign for Dos Equis beer, is reviving his persona to promote Bitcoin (BTC) exchange-traded funds (ETFs) for Bitwise Asset...Continue Reading

“We are still investigating & we should be able to share an update soon,” wrote a Zilliqa community moderator. The $383-million Zilliqa ecosystem is experiencing disruptions due to a “critical situation” impacting the network. According to a Dec. 18 post by developers, the Zilliqa blockchain faces a “technical issue that has resulted in an interruption...Continue Reading

The investor claimed that 64% of Lido tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions. A Lido holder initiated a class action lawsuit against the governing body for liquid staking protocol Lido, according to a complaint filed in a San Francisco United States District...Continue Reading

A hard fork proposed by Arweave’s largest layer-2 solution, Irys, is allegedly in the making. Irys, a prominent layer-2 network within the Arweave ecosystem, allegedly has plans to fork the Arweave network with the intent to “drop the dataset and reset the token supply,” according to a Dec. 17 post by Arweave founder Sam Williams. He...Continue Reading

X owner Elon Musk told advertisers to “go f— yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech. The European Commission said it had opened formal proceedings to investigate X — formerly Twitter — over content related to the terrorist group Hamas’...Continue Reading