While a strategic Bitcoin reserve may be good for price action, the US Treasury controlling 19% of the BTC supply raises unprecedented centralization concerns. Read More at https://cointelegraph.com/news/us-bitcoin-reserve-centralization-risk-hoskinson?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: August 2024
Tech firms pen letter to EU requesting more time to comply with AI Act
Tech companies release a joint letter requesting more time from the EU to comply with AI Act requirements, citing challenges due to the summer recess. Read More at https://cointelegraph.com/news/tech-firms-request-eu-ai-act-compliance-extension?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Elon Musk’s X suspends data collection for AI training, EU watchdog says
After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing personal data of EU users to train its AI system. Read More at https://cointelegraph.com/news/x-suspends-ai-data-collection-eu?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Thailand launches regulatory sandbox to test crypto services
Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more. Read More at https://cointelegraph.com/news/thailand-regulatory-sandbox-crypto-test?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Tether mints $1.3B USDT since market bottom — Can it push Bitcoin above $65K?
The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder’s realized price. Read More at https://cointelegraph.com/news/tether-usdt-mint-bitcoin-65k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigerian activist battles for Bitcoin rights in major legal challenge
The outcome of this case could have significant implications for the future of cryptocurrency in Nigeria. Read More at https://cointelegraph.com/news/nigerian-activist-sues-government-protect-crypto-rights?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kanpai pandas NFTs plunge 45% amid Trump token controversy
Kanpai Pandas NFTs saw a 45% floor price drop amid allegations that the team promoted a Trump-themed token which was later disavowed by the Trump family. Read More at https://cointelegraph.com/news/kanpai-pandas-nft-floor-price-drop-trump-token?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
New platform tracks Bitcoin rollup performance in real time
Bitcoin Heartbeat by BVM offers a unique, real-time glimpse into Bitcoin’s L2 and L3 rollup projects, enhancing transparency and verifiability. Read More at https://cointelegraph.com/news/bitcoin-heartbeat-real-time-rollup-analytics?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Turkey sees surge in crypto license applications amid new regulations
Turkey’s crypto economy is poised for growth as local and international companies show keen interest ahead of new legislation. Read More at https://cointelegraph.com/news/turkey-crypto-license-surge-regulations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price must flip $62K to avoid worst 'death cross' consequences
Bitcoin is still due to close a daily chart “death cross,” but $62,000 resistance could be key to mitigating the BTC price downside which has followed in the past. Read More at https://cointelegraph.com/news/bitcoin-price-must-flip-62k-avoid-death-cross?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound