Countries around the world have been looking at the European Union’s Markets in Crypto Assets (MiCA) regulation, which is close to taking effect. MiCA may apply within the broader European Economic Area, but the central bank does not want to stop there: it believes there is a need to further develop specific crypto regulations, the report said. Source
The growth of BNB and the underlying chain is largely connected with the ongoing regulatory scrutiny, especially in the United States The BNB Smart Chain (BSC), a leading smart contract blockchain developed by the leading centralized exchange Binance with about $4.45 billion in total value locked, is expected to have a hard fork on its mainnet at block height 29,020,050. Through the current block generation speed, Binance Chain core developers expect the Luban hard fork to take place on June 12, 2023. As a result, the BNB Smart Chain validators…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode, a blockchain analytics firm, has released a new on-chain report indicating short-term bitcoin holders are increasingly offloading their coins on exchanges at a loss, while long-term holders remain in profit. In the ever-evolving world of cryptocurrency, understanding market dynamics and investor behavior is key to making informed decisions. Glassnode’s latest report, which delves into the profit/loss ratio of bitcoin deposit volume to exchanges, offers interesting insights into the current state of the market. The report…
Starling CEO Anne Boden agrees to step down from the role at the British neobank next month over ‘conflict of interest’ concerns. According to reports, Starling Bank co-founder and CEO Anne Boden will step down at the end of next month. Chief operating officer John Mountain is replacing Boden at the helm of the British digital bank. The CFO has been with Starling since 2015. Boden co-founded Starling in 2014 and grew the neobank’s profile and business visibility to become a leading UK financial player. The Starling CEO agreed to…
Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks. The latest earnings outlook of Nvidia Corporation (NASDAQ: NVDA) has triggered a substantial rally in artificial intelligence (AI) stocks. Early Thursday, the chip maker’s stock soared, pulling other AI-exposed companies higher on a better-than-expected sales forecast. Nvidia’s bullish sales forecast originated from surging demand for its AI chips, which has also seen the company boost production. Weighing in on increased production, Nvidia chief executive officer Jensen Huang explained in a statement: “The…
A final compromise appears to allow registered crypto firms to advertise through social media influencers, potentially easing industry fears. Source
CryptoX – Cryptocurrency Analysis and News Portal Continuing operations without applying for registration could lead to a $542,854 fine or imprisonment. Source The post South Africa’s Crypto Firms Will Soon Need to Apply for Registration or Face a Heavy Fine appeared first on CryptoX. CryptoX Portal
Rapid advances in artificial intelligence create unique safety challenges. Can skills and approaches honed by the crypto community make AI safe for humanity? Source
After months in a closed beta, the NFT lending platform has witnessed the highs and lows of its competitors in the space and aims to boost NFT market liquidity while protecting the interests of lenders and borrowers. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In an in-depth analysis by the CryptosRUs YouTube channel, recent developments in the global cryptocurrency markets are examined against the backdrop of rising inflation in the UK and US and significant crypto initiatives in China. In recent weeks, UK and European markets have experienced a substantial sell-off following news that inflation has risen to an unexpected 6.8% – over half a percent more than anticipated. Simultaneously, the US grapples with a looming debt ceiling crisis, concerns…