Month: June 2023

“They are failing their residents.” – ICO takes action against Croydon Council for failing to respond to Freedom of Information requests

Council hit with enforcement notice for “repeated, systemic” failures on information law “No discernible improvement” after previous concerns raised Council could be found in contempt of court if failures persist The Information Commissioner’s Office (ICO) has issued an enforcement notice to Croydon Council for its poor handling of requests made under the Freedom of Information Act (FOIA) 2000. On 26 September 2022, the Information Commissioner directed Croydon Council to improve its compliance with the FOIA. The Council promised improvements, and the Commissioner agreed to assess the Council’s progress after Easter…

CME Group Unveils Plans of Launching Ether/Bitcoin Ratio Futures

The settlement of the ETH/BTC ratio futures will be linked to the value of CME Group Ether futures final settlement price, divided by the corresponding CME Group Bitcoin futures final settlement price. On Thursday, June 29, the world’s leading derivatives platform CME Group announced plans to launch the ether/bitcoin (ETH/BTC) ratio futures subject to approval from the regulators. These futures will be cash-settled meaning that the settlement will happen in cash instead of the underlying instrument. Also, the settlement will happen to the value of the CME Group Ether futures…

Binance under fire as co-founder Yi He defends company

As regulatory scrutiny and legal challenges mount against Binance, one of the world’s largest cryptocurrency exchanges, its co-founder Yi He commented on the situation to Bloomberg. Accused of operating illegally and falling short on compliance by U.S. financial watchdogs, binance is under investigation not only in the U.S., but also in other countries. Yi He, a major financial stakeholder in binance along with CEO and co-founder Changpeng “CZ” Zhao, had a significant influence in marketing binance during its early days. In a recent series of interviews, Yi He argued that…

What are blue-chip NFTs, and how can we find them?

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Strategies to find blue-chip NFTs include researching established platforms, following influencers, tracking notable artists and collaborations, and considering rarity and demand. Here is a brief explanation of the strategies to find blue-chip NFTs: Research established platforms Start with OpenSea, Rarible, SuperRare, NBA Top Shot and other established NFT platforms. These platforms often host a wide range of blue-chip NFTs created by well-known artists, celebrities and brands. Follow influencers and NFT specialists Keep up with the NFT market by following influencers, collectors and specialists. They discuss blue-chip NFTs. Join NFT communities,…

US senator pushes tech companies to label AI-generated content

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The United States Democrat Senator Michael Bennet urged tech companies in a letter to label AI-generated content, along with monitoring any misleading content produced by AI.  On June 29, the letter was sent to executives of major tech companies involved with AI including the maker of ChatGPT – OpenAI, Microsoft Meta, Twitter and Alphabet. Bennet stressed that users should be aware when AI was used to make content. Bennet said fake images have disruptive consequences for the economy and trust, especially when they are politically oriented. “Continuing to produce and…

Bitcoin price briefly clears $31K as monthly, quarterly close nears

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Bitcoin (BTC) spiked through $31,000 on June 30 as a nearly $6 billion open interest expiry loomed. BTC/USD 1-hour chart. Source: TradingView 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, the second largest in Bitcoin’s history, with analysts keen to see its effect on markets. “Will be interesting to see how much is rolled over to future expirations and whether…

Fidelity Investments Rejoins Race for Spot Bitcoin ETF after BlackRock, Others

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Following BlackRock’s growing chance of an approval, Fidelity Investments has submitted another application for a spot Bitcoin ETF. Asset management firm Fidelity Investments has submitted another filing for a spot Bitcoin exchange-traded fund (ETF). Fidelity is making another play at a spot ETF after a previous rejection from the United States Securities and Exchange Commission (SEC). Last year, the SEC rejected Fidelity’s proposal for the Wise Origin spot Bitcoin ETF. The SEC said the proposal did not contain enough measures to detect and prevent market manipulation and fraud. According to the Commission, the ETF…

Alex The Doge to take on Stellar and Filecoin

In the ever-evolving world of cryptocurrencies, innovating and adapting is critical. Alex The Doge, a new entrant in the crypto space, is proving that it’s more than just a meme coin by embarking on an ambitious new venture, setting itself up as a potential competitor to Stellar and Filecoin. >>>>Buy ALEX presale now<<<< Unleashing Alex The Doge Alex The Doge combines the strengths of meme coins and decentralized finance (DeFi) protocols to create a unique presence in the crowded crypto market. The project integrates play-to-earn (P2E) gaming features, appealing to crypto…