Day: June 30, 2023

Fidelity Joins the Rush for Spot Bitcoin (BTC) ETF

Bitcoin cash (BCH) continues to rally at a breakneck speed in the wake of Fidelity, Charles Schwab and Citadel-backed EDX Markets’ decision to debut on June 20, with BCH being one of the only four coins available for trading on the exchange. The cryptocurrency has gained another 30% in the past 24 hours to a 14-month high of $320, taking its cumulative gain since EDX’s debut on June 20 to 183%, CoinDesk data show. The latest price surge is backed by a notable increase in trading activity on South Korea’s…

The world’s biggest Bitcoin conferences: Decentralize with Cointelegraph

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As the bear market rages on, the die-hards, evangelists and Bitcoin believers just keep building. In this week’s episode of Decentralize with Cointelegraph, reporter Joe Hall spoke to CEOs, key opinion leaders and cryptographic visionaries at two of the world’s largest Bitcoin (BTC) conferences: Bitcoin 2023 in Miami, Florida, and BTC Prague in the Czech Republic. While BTC’s price has remained stubbornly under $30,000 in 2023, the Bitcoin 2023 conference welcomed 15,000 Bitcoin enthusiasts through its doors just off Miami Beach. In June, the first edition of BTC Prague set records as more…

The EU’s AI regulations sparked a letter signed by 160 tech execs

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An open letter to lawmakers in the European Union was issued by more than 160 executives from tech companies around the world urging careful consideration of artificial intelligence (AI) regulations so as to not stunt the industry or markets.  On June 30, executives from companies such as Renault, Meta, Spanish telecom company Cellnex and German investment bank Berenberg, pointed to the proposed EU AI Act saying it potentially risks the region’s competitiveness and innovation. More specifically, it warned that rules proposed by the EU would cause heavy regulation of generative…

Anthony Scaramucci to AI Backers: Bet on Long-Term Investments

Scaramucci highlights the importance of patience when considering Nvidia as an investment opportunity. Investing in Artificial Intelligence (AI) stocks has become increasingly popular as the technology continues to reshape industries. However, concerns about a potential bubble in the AI industry have emerged. In a Bloomberg report, Anthony Scaramucci, the Founder of SkyBridge Capital, advised AI stock investors to concentrate on long-term investments amidst these concerns. He highlights the presence of high-quality AI companies that offer long-term value to investors. While some AI stocks may be overvalued in the short term,…

SEC to present response to Coinbase’s legal defense on July 13

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The United States Securities and Exchange Commission (SEC) will present its response to Coinbase’s first legal defense on July 13, according to a court order issued on Thursday, June 29. In a legal document filing, the SEC submitted a request to the court for a three-business-day extension. This extension was sought to provide the SEC adequate time to prepare a response to the letter submitted by Coinbase, the defendant. The defendants have agreed to the request. The previous deadline for the SEC to file its response to Coinbase’s letter was…

Bitcoin Cash Surges to Over 1-Year High amid Rising Trading Volume in South Korea

Since BCH became one of the four cryptocurrencies traded on EDX, its price has continued to rise. In the last 24 hours, the crypto has spiked more than 30%, reaching $325 for the first time since April 2022. Bitcoin Cash (BCH) is experiencing a major increase in price and trading volume due to different reasons. One of the significant factors that have been said to affect its price is that Fidelity, Charles Schwab, and Citadel-backed EDX Markets introduced BCH as part of the assets available for trading on their platform…