Cointelegraph reached out to OTC service providers from two different areas of the world to learn more about the role of OTC crypto trading hubs in the crypto ecosystem. Over-the-counter (OTC) exchanges in the Philippines focus on bringing crypto to mainstream eyes, while in the United Arab Emirates (UAE), an OTC provider focuses on the...Continue Reading

Bitcoin continues to field optimistic BTC price bets as the U.S. regional banking system appears to relive last year’s swoon. Bitcoin (BTC) million-dollar price tags are back as the United States regional banking sector dices with crisis. Almost a year to the day that multiple banks, including crypto-focused Signature Bank, collapsed, its buyer is down...Continue Reading

The Attorney General’s Office Election Law Unit identified the people and entities responsible for misleading voters using AI-generated robocalls that sounded like President Joe Biden. The perpetrator behind the robocall featuring what sounded to many like United States President Joe Biden’s voice instructing citizens in New Hampshire not to vote in the Jan. 23 primary...Continue Reading

The blockchain and crypto space had 31 deals, the most compared to other fintech industries in Canada for the second year in a row. Crypto and blockchain topped the number of investments within the financial technology space in Canada, according to a report by accounting organization KPMG.  On Feb. 6, KPMG published a Canadian fintech...Continue Reading

SEC commissioner Hester Pierce said the new rules harm not only the market participants who find themselves transformed into dealers, but also the broader market. The United States Securities and Exchange Commission (SEC) adopted new rules on Feb. 6 that redefine “dealer” and “government securities dealer.” First proposed in 2022, the new rules require more crypto...Continue Reading

The current draft of Senate Bill No. 339 is a substitute amendment to the bill’s initial version introduced in January. United States lawmakers in the state of Virginia have proposed convening a work group to research blockchain technology, digital asset mining and cryptocurrency. The proposition was introduced as a Senate bill on Feb. 5.  Senate Bill No....Continue Reading

Criminals that make more than 5 billion won ($3.8 million) in illegal crypto profits are facing life sentences in South Korea. The South Korean government has issued a new update to the Virtual Asset Users Protection Act with cryptocurrency-focused regulations that aim to protect investors from market crimes. On Feb. 7, The Financial Services Commission...Continue Reading

The widespread growth of generative AI has provided lawmakers with a clear motivation to review the regulations to facilitate crime reporting for child sexual abuse victims and provide relevant support. The European Commission has announced that it is considering criminalizing artificial intelligence (AI)-generated imagery and deepfakes portraying child sexual abuse (CSA) to update laws in response...Continue Reading

A Seoul court sentenced the pair to a total combined eight years in jail and said a “significant amount” of Bitsonic user funds is still missing. The CEO of crypto exchange Bitsonic has reportedly been sentenced to seven years in prison, while the firm’s technology chief was sentenced to one year in jail for stealing...Continue Reading

The position of BlackRock’s Bitcoin ETF could have been higher had it not missed the first seven trading days on the NASDAQ while it awaited approval from the SEC. BlackRock’s iShares Bitcoin (BTC) exchange-traded fund (ETF) has made it into the top 0.16% of all United States-issued ETF products. The spot Bitcoin ETF has topped...Continue Reading