Bitcoin’s many deaths: Is crypto market past ‘point of no return?’
Bitcoin has been declared dead more times than you’d think amid downswings in the market, but it’s always managed to bounce back. Go to Source
Government
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AI regulations in global focus as EU approaches regulation deal
Concerns over potential misuse of AI have prompted the U.S., U.K., China, and the G7 to speed up regulation of the technology, though Europe is already way ahead. Go to Source
‘If I was the government, I’d close it down’ — Chase CEO on crypto
Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.” Go to Source
Crypto-friendly US lawmaker Patrick McHenry won’t seek re-election in 2024
All 435 seats in the U.S. House of Representatives will be up for grabs in the 2024 election, with the future of crypto bills in the House Financial Services Committee uncertain. Go to Source
Nayib Bukele steps down as El Salvador’s President ahead of re-election bid
Acting President Claudia Rodríguez de Guevara, the first female head of state for El Salvador, took office on Dec. 1 and is expected to serve until June 2024. Go to Source
Australia tries again to combat ‘future sectors’ crypto scams
The “Proposed Scams Code Framework” consultation paper aims to delegate clear roles and responsibilities to government and private entities when combatting scams. Go to Source
US Deputy Treasury Secretary calls for additional tools to sanction crypto firms
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority. Go to Source
US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties
The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools. Go to Source
Stakeholder urges swift implementation of Nigeria’s blockchain policy
SiBAN president Obinna Iwuno stressed the necessity of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology into diverse sectors of the economy. Go to Source
Why Binance’s US plea deal could be positive for crypto adoption
Is the settlement further indication that the crypto industry’s Wild West era is winding down, with a new epoch marked by regulation and taxation beginning? Go to Source