Breaking: Celsius Network fined $4.7B by FTC
The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds. Go to Source Powered by WPeMatico
Cryptocurrencies
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Bitget reserves top $1.44B, claims to be debt free
The cryptocurrency exchange claims its total proof-of-reserves ratio has reached 223% in its latest July report. Go to Source Powered by WPeMatico
Telegram Wallet bot enables in-app payments in Bitcoin, USDT and TON
Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto. Go to Source Powered by WPeMatico
U.S. industry watchdogs oppose draft bill on crypto market structure
The group sent a detailed letter to the U.S. House Committee on Financial Services accusing the crypto market of seeking favorable legislation under the guise of crypto innovation. Go to Source Powered by WPeMatico
‘AI helps traders utilize more intuitive strategies,’ says Exchange
Bitget currently has a Martingale AI trading bot and a Grid Trading AI bot on its platform. Go to Source Powered by WPeMatico
PwC hedge fund survey finds crypto remains viable despite recent market turmoil
The portion of traditional hedge funds investing in crypto fell, but many of those still in the market plan to increase crypto investing this year. Go to Source Powered by WPeMatico
Elon Musk kickstarts new AI company to ‘understand the universe’
“The goal of xAI is to understand the true nature of the universe,” the company wrote. Go to Source Powered by WPeMatico
South Korea to ask firms to disclose crypto holdings from 2024
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings. Go to Source Powered by WPeMatico
European Banking Authority calls for early adoption of stablecoin standards
EBA officials anticipate a surge in stablecoin issuance over the coming months and have urged businesses to use its guiding principles before the necessary restrictions are implemented. Go to Source Powered by WPeMatico
Bank of China trials offline payments for digital yuan via SIM cards
The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized “super SIM cards” that have near-field communication capabilities. Go to Source Powered by WPeMatico