Cryptocurrency-friendly neobank Revolut is next to delist a batch of digital assets on its platform in the United States amid the ongoing regulatory developments in the country. Revolut is preparing to completely delist tokens like Cardano (ADA), Polygon (MATIC) and Solana (SOL) from its platform in September, a spokesperson for the firm told Cointelegraph. On
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 Virtual Asset User Protection legislation. The bill is designed to regulate unfair trade practices and protect crypto investors, the local news
Bitcoin (BTC) spiked through $31,000 on June 30 as a nearly $6 billion open interest expiry loomed. Options expiry precedes day of BTC price triggers Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $31,268 on Bitstamp before returning lower. BTC price performance improved into a key quarterly options expiry event,
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 major tech companies involved with AI, including ChatGPT creator, OpenAI, Microsoft, Meta, Twitter and Alphabet, Bennet stressed that users should be aware when
RippleX, the developer arm of blockchain company Ripple has unveiled an exciting new development for XRP holders. Crossmark, a web wallet developed by Crossmark in collaboration with Ripple, offers a number of features similar to Ethereum’s popular MetaMask wallet. With Crossmark, the developers aim to revolutionize the way users interact with the XRP Ledger, providing
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 of perspectives and objectives. All the hidden leverage is gone and most of the speculation is gone. SBF is gone. Do Kwon
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 June 30, Callaghan announced the association will now be focused on helping prevent scams that involve crypto, among its
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 Zealand’s (RBNZ) director of money and cash said that the RBNZ agrees that “a regulatory approach
Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch. “With
During a panel at Collision 2023 in Toronto, Anthony Scaramucci, founder of Skybridge Capital and former White House communications director, stated that disgraced crypto executive Sam Bankman-Fried “really hurt the industry in the United States from a regulatory perspective.” Scaramucci continued: “He embarrassed the politicians; he gave a lot of money to them. They spent a
While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and “corruption,” executives told Cointelegraph. Speaking to Cointelegraph, Chris Maurice, founder and CEO of Yellow Card — Africa’s largest cryptocurrency exchange — said crypto in Africa “is
Three committee chairs in the United States House of Representatives have sent a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler demanding a more satisfactory response to their Nov. 1 letter regarding the SEC chairman’s and the agency’s compliance with recordkeeping requirements. Judiciary Committee Chair Jim Jordan, Oversight Committee Chair James Comer
On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures. The launch of these futures contracts is slated for July 31, subject to regulatory review. Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures, launching July 31. https://t.co/WDFhIt5rJ7 — CME Group (@CMEGroup)
Asset manager Fidelity Investments has filed an application for a spot Bitcoin exchange-traded fund (ETF), according to a filing by Cboe BZX Exchange with the United States Securities and Exchange Commission (SEC) dated June 19. Fidelity’s application follows BlackRock’s spot Bitcoin ETF application on June 15 and those of WisdomTree, Invesco and Valkyrie in the following
A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent on June 29, the final step required for a parliamentary bill to become law. Approved by the upper chamber of the U.K.
Bitcoin (BTC) aborted a fresh attempt to reach $31,000 on June 29 while traders waited for bulls to succeed. BTC price “primed to launch” Data from Cointelegraph Markets Pro and TradingView showed BTC price action refusing to leave its short-timeframe trading range. Now caught between and $30,000 and $31,000, BTC/USD lacked impetus to continue the
Imagine your daily commute to work, uninterrupted by traffic lights or stop signs, allowing you to sail smoothly. Suddenly, a new red stop sign disrupts your route, turning a main intersection into a four-way stop overnight. That evening, a letter from local law enforcement shocks you with a hefty retroactive fine for every time you
The $4.7 billion Bitcoin (BTC) monthly options expiry on June 30 might play a decisive role in determining whether the $30,000 price will consolidate as long-term support and open room for further bullish momentum. Why is Bitcoin breaking yearly highs? Many analysts consider Bitcoin’s recent breakout above $27,000 a bet on the multiple spot Bitcoin exchange-traded
Can you book flights and hotels using AI? The short answer is… kind of, but none of the AI chatbots are reliable, so you’ll still need to do your own research at this stage. Having recently spent hours researching flights and accommodation for a three-week trip to Japan, I decided to compare my results to
Political and economic tensions around the world are making some more willing to receive their pay in cryptocurrencies like Bitcoin (BTC), according to executives in the human resources industry. The share of salaries taken in cryptocurrencies and stablecoins has been on the rise over the past few years. This trend is driven not only by prominent