Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is…
The Bahamas 'Dares' Again 1.5 Years After FTX Collapse, Brings in New Crypto Law
The Bahamas, where bankrupt cryptocurrency exchange FTX was headquartered, has seen a new crypto law passed in parliament, The Securities Commission of The Bahamas announced on Tuesday.
EU AI Act comes into effect — Here’s what to expect
The European Union’s AI Act takes effect on Aug. 1. It introduces significant regulations for artificial intelligence through phased implementation and key compliance obligations.
Lloyd’s of London-Backed Insurance Policies Can Now Be Paid for in Crypto on Ethereum
Cryptocurrency insurance underwriter Evertas, a Lloyd’s coverholder, has teamed up with smart contract-based insurance marketplace Nayms to offer the on-chain policies.
Coinbase Concerned About 'Ongoing Regulation by Enforcement' in Australia, Despite 'Healthy' Regulator Talks
Coinbase (COIN) is concerned about “ongoing regulation through enforcement” which is not “helpful to the overall direction of the industry” in Australia ahead of expected draft legislation, senior executives of the cryptocurrency exchange told…
First Mover Americas: Crypto Market Stabilizes After Nursing Losses
The latest price moves in bitcoin (BTC) and crypto markets in context for July 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Render Continues To Flash Red In All Timeframes – What’s Going On?
Render investors and traders continue their sell-off, following the broader market’s bearish attitude. After weeks of continuous bullish action, CoinGecko data shows that the market is down a few percent, translating to losses in the altcoin…
Russian Diplomat: El Salvador Proposes Settling Trade With Crypto
El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed interest in joining the BRICS bloc and may formally apply for membership within one or two…
CryptoProcessing Demonstrates the Potential of Crypto Payments for Forex
In a trailblazing twist that promises to transform the foreign exchange market, CryptoProcessing is proud to offer the integration of cryptocurrency as a payment gateway for Forex transactions. This solution aims to enhance the speed, security, and…
Analyst Says ETH Price Will Struggle As Spot Ethereum ETFs Expectations Crash
Pseudonymous trader and analyst Roman has made a bold prediction regarding the ETH price, suggesting that investors should lower their short-term expectations. This comes amid a drop in the hype around the Spot Ethereum ETFs, with these funds…
Wisconsin unveils tracker to fight crypto fraud and investment scams
The Wisconsin Department of Financial Institutions is launching a new scam tracker based on consumer complaints to protect investors from crypto and investment fraud.
Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So
With its recent performance, Bitcoin Cash (BCH) has been generating news and attracting the interest of both experts and investors for its obvious ascent. Reflecting a robust market performance, BCH jumped by around 14% in the last week. The…
Huawei Aims to Drive AI Adoption in Africa With Data Center Expansion
Chinese tech giant Huawei says it will leverage its experience to help African customers. The company aims to achieve this by providing storage products and services to manage data. Huawei will also offer cloud services to support African…
CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times
The Commodity Futures Trading Commission (CFTC) warns about repeated fraud targeting victims multiple times, often by the same criminals. Common fraud types include relationship crypto frauds, also known as “pig butchering,” where…
Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’
For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill…
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