The U.K.’s strict crypto financial promotions rules will come into effect on Oct. 8, according to a report the FCA published on Thursday. Under these rules, crypto will be categorized as a “restricted mass market investment,” and will require adverts on crypto to have clear risk warnings. What’s more, incentives for the general public to invest in cryptocurrencies will be banned. Source
A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky. Source
In an increasingly digital world, cryptocurrencies have taken center stage, sparking global conversations about their role in financial markets, their potential for innovation, and their regulatory conundrums. Amid this burgeoning industry, two major cryptocurrency platforms, Binance US and Coinbase, have found themselves under intense scrutiny from one of the United States’ top regulatory authorities. The U.S. Securities and Exchange Commission (SEC), a federal agency responsible for enforcing securities laws and regulating the securities industry, has filed a series of charges against both entities. The allegations bring to light significant questions…
On June 9, the European Union’s Markets in Crypto-Assets (MiCA) legislation was published in the Official Journal of the European Union (OJEU). This triggers the countdown for the law to come into effect from Dec. 30, 2024. Publication of MiCA in its official journal signals the start of the official process of bringing licencing, stablecoin and anti-money laundering regulations into effect by the end of 2024. The regulations, signed into law on May 31 after first being introduced in 2020, aim to create a consistent regulatory framework for crypto assets among European Union member…
Lawmakers in the United States have proposed two new bipartisan bills targeting issues of transparency and innovation in artificial intelligence (AI). On June 8, Democratic Senator Gary Peters, and Republican Senators Mike Braun and James Lankford, introduced the first bill, which would require the government to be transparent with its AI usage. Under such a measure, U.S. government agencies would need to inform the public when it uses AI to interact with them, along with a system for citizens to appeal any decisions made by AI. Braun stated: “The federal…
Meta will work towards making these AI capabilities accessible to people. Mark Zuckerberg recently revealed that Meta (NASDAQ: META) has been experiencing “incredible breakthroughs” in its use of generative artificial intelligence (AI). Like many other tech giants, Meta is also in the middle of the AI race, which has become the latest evolution in the market. Not only tech companies, but different organizations across diverse fields have also started adopting AI in the latest developments. Meta Records Significant Breakthroughs with Generative AI According to a spokesperson, the Meta boss spoke about…
Bitcoin (BTC) may be in line for 60% upside if a long-term chart feature stays intact. In part of his latest analysis on June 8, popular trader Mikybull Crypto flagged encouraging signs on the BTC/USD weekly chart. Weekly Bitcoin price chart keeps $40,000 on the table With Bitcoin still wedged in a narrow trading range it entered almost three months ago, market participants have little to go on when it comes to short-term price targets. Day-to-day performance has offered no decisive trend up or down — and $30,000 remains formidable…
OKX periodically buys back and burns the tokens to gradually reduce their supply on the open market. Source
As Meta struggles to lead the way in virtual and augmented reality, Apple’s recent entry into the market has generated curiosity and apprehension. With the official announcement of its Vision Pro headset, speculations arose about Mark Zuckerberg’s viewpoint as Meta CEO on the competition posed by Apple’s mixed reality headset. During an all-hands meeting observed by The Verge, Zuckerberg discussed his response to the technical features of the Vision Pro. Expressing his curiosity about Apple’s offering, Zuckerberg acknowledged that he had yet to experience the Vision Pro firsthand. He revealed…
“Under no circumstances is ADA a security under U.S. securities laws,” IOG said. Source