Day: October 13, 2023

CoinList Introduces Crypto Staking for Accredited Investors in US

The CoinList staking fund offers US accredited investors an opportunity to earn a yield on their digital assets through investment in a private fund. CoinList, an established launchpad for crypto-related projects, has announced the launch of its staking fund meant for the US select customers. According to the announcement, the CoinList staking fund will offer accredited investors in the United States to earn different yields from their digital assets. Some of the supported digital assets during the launch include Ethereum (ETH) with an APY of about 3.76 percent, and Near…

“Bitcoin ETFs approval is inevitable”

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Will Bitcoin ETFs get the green light? Nitin Gaur of State Street believes it’s just a matter of time. Dive into his views on regulation and Bitcoin’s future. Cryptocurrency enthusiasts and finance titans such as Grayscale, BlackRock, Fidelity, and Invesco eagerly await a crucial decision from the US Securities and Exchange Commission (SEC) on a batch of requests for spot Bitcoin ETFs. This decision could have a significant impact on the crypto market. Nitin Gaur, Head of Digital Asset and Technology Design at State Street, shared his views on the…

China Launches Its First Industrial Park for Digital Yuan CBDC Development

Currently, there are nine residents of the park. All of them will get access to ten government initiatives introduced to “boost the development” of the digital yuan ecosystem. The initiatives include payment solutions, smart contracts, hard wallets, and digital yuan promotion. The first industrial park has been opened in the Luohu district of Shenzhen, China, with a focus on developing China’s Central Bank Digital Currency (CBDC) – digital yuan or e-CNY. The official launching ceremony of the park was held on October 11. As was revealed by Shu Yumin, the Communist…

Crypto Analyst Breaks Down The Factors Behind The Bitcoin Price Decline

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As the bear market continues to linger, analysts have weighed in on the decline of the flagship cryptocurrency, Bitcoin, and the crypto market, by extension. This time, another crypto analyst has explained what is influencing Bitcoin’s price decline.  Factors Causing BTC’s Decline Bitcoin notably dropped below the $27,000 level on October 12. Addressing this decline in a recent episode on the ‘Cheeky Crypto’ YouTube channel, Crypto analyst Nick noted that there wasn’t much going on in the news and the only thing that could have affected Bitcoin’s drop was the…

Bitcoin price gets new $25K target as SEC decision day boosts GBTC

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Bitcoin (BTC) ranged around the key $26,800 mark for a second day on Oct. 13 with a decision due in United States regulators’ battle with crypto investment giant Grayscale. BTC/USD 1-hour chart. Source: TradingView Bitcoin lurks between major liquidity clouds Data from Cointelegraph Markets Pro and TradingView confirmed that the BTC price barely changed from the day prior, acting in a narrow corridor. Bitcoin market analysts weighed potential catalysts, among these the U.S. Securities and Exchange Commission (SEC) choosing whether or not to appeal a court ruling over its refusal…

ICO seeks Sandbox entrants for 2024

Organisations have until the end of this year to submit expressions of interest in entering the ICO’s Regulatory Sandbox in 2024. If you’re part of an organisation that’s tackling complex data protection considerations as you create innovative new products and services, the ICO’s Regulatory Sandbox team wants to hear from you. Our experts have already helped more than 20 organisations during their product development stages. We’re looking for new participants to get in touch by 31 December 2023. “We’re passionate about helping innovators – big and small – engineer privacy…

How CBDCs and stablecoins can coexist: FIS panel discussion

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At the recent Future Innovation Summit event held in Dubai, Cointelegraph moderated a panel titled “Stablecoins, Central Bank Digital Currencies and Cross-Border Payments” to explore if CBDCs and stablecoins can coexist and how this would be possible.  The panel included Jorge Carrasco, the managing director of FTI Consulting; Nikita Sachdev, the founder of Luna Media Corp; Jagadeshwaran Kothandapani, the head for Middle East and Africa for Citibank; and Eetu Kuneinen, the co-founder of the gold-backed stablecoin project DGC. The Future Innovation Summit held in the Jumeirah Beach Hotel in Dubai.…

Coinbase Urges IRS to Reconsider Proposed Tax Rules, Citing Privacy Concerns 

Aside from Coinbase has raised concerns about the potential adverse impact of the proposed law across various sectors within the digital asset ecosystem. The recent proposal from the US Internal Revenue Service (IRS) regarding crypto tax regulations has drawn strong criticism from Coinbase, the largest cryptocurrency exchange in the United States. Expressing deep concern, the exchange emphasized that the proposed IRS rule could pose a significant threat to both the crypto industry and the privacy of American citizens. In a formal letter addressed to the agency, Lawrence Zlatkin, the vice…

Ripple CTO slams Charles Hoskinson over SEC’s ETH ‘favoritism’

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Ripple chief technology officer David Schwartz has countered the Cardano founder’s comments about possible motives behind the United States regulators’ determination that Ether (ETH) is not a security. Cardano founder Charles Hoskinson addressed the much-debated ETHgate theory in an AMA session on Oct. 8, arguing that the government’s actions were not about corruption. ETHgate is a conspiracy theory alleging that Ethereum received a free pass from U.S. regulators, particularly the U.S. Securities and Exchange Commission (SEC), which has been reiterating its stance that ETH isn’t a security for years. Despite…

China sets stricter rules for training generative AI models

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China has released draft security regulations for companies providing generative artificial intelligence (AI) services, encompassing restrictions on data sources used for AI model training. On Wednesday, Oct. 11, the proposed regulations were released by the National Information Security Standardization Committee, comprising representatives from the Cyberspace Administration of China (CAC), the Ministry of Industry and Information Technology and law enforcement agencies. Generative AI, as exemplified by the accomplishments of OpenAI’s ChatGPT chatbot, acquires the ability to perform tasks through the analysis of historical data and generates fresh content such as text…