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This post was published at Benjamin Cowen

/ Crypto Currency

UK to legislate ‘whole host’ of crypto activities starting in the summer

UK Economic Secretary to the Treasury Bim Afolami said the country is working on legislation for crypto regulations permitting several activities. Speaking at the Innovate Finance Global Summit (IFGS) 2024 on April 15, Afolami emphasized the regulatory regime’s far-reaching nature and said the change would bring a “whole host” of …

This post was published at CryptoSlate

Actors, Record Labels Ink Deal Limiting AI Voice Use

The new agreement builds upon the deal that ended an industry-wide strike, and the union’s chief negotiator says more AI rules are coming.

This post was published at Decrypt

/ Ai, Crypto Currency

Solana Update Brings First Fixes for Congestion Issues

After weeks of failed transactions, Solana might be turning a corner with the launch of a first update for mainnet validators.

This post was published at Decrypt

/ Crypto Currency, Solana

Buenos Aires charges Worldcoin with consumer law violations, warns of $1.2 million fine

The provincial government of Buenos Aires has formally accused Worldcoin of violating consumer laws through “abusive clauses” in its user agreement. According to the notice, Worldcoin’s unfair agreement allegedly allows it to interrupt services without offering repair or reimbursement. The government also claims that Worldcoin …

This post was published at CryptoSlate

/ Crypto Currency, Economy, Government, Law

Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein

A new report from the investment firm highlights increasing competition between two sectors that demand energy and processing power.

This post was published at Decrypt

/ Ai, Bitcoin, Crypto Currency

Senators demand detailed accounting of CFTC’s interactions with SBF

US Senators Elizabeth Warren and Charles Grassley have formally requested a detailed accounting of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request was made in an April 12 letter and aims to shed light on potential regulatory failures …

This post was published at CryptoSlate

Bitcoin BRC-20 Token Prices Plunge Ahead of Halving–Are Runes to Blame?

Fungible tokens see prices drop heading into a pivotal week for the top crypto network, with ORDI falling over 40% in seven days.

This post was published at Decrypt

/ Bitcoin, Crypto, Crypto Currency

On-chain sleuth ZachXBT says X’s controversial ‘not a bot’ fee unlikely to eliminate scams

Crypto commentator ZachXBT criticized an annual fee that X now requires from new accounts. ZachXBT wrote on April 15 that the new policy will not eliminate bot account-driven scams because “hundreds of business verified scam accounts” come online weekly. Scammers reportedly pay thousands of dollars for the fake accounts. He said that …

This post was published at CryptoSlate

/ Crypto, Crypto Currency, Dollar

USDe maintains full collateralization amid first market ‘stress test’

Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market. The report follows a brief depegging incident during a market-wide downturn during the weekend. …

This post was published at CryptoSlate

/ Crypto, Crypto Currency, Dollar

Stablecoin regulation more likely this year following key discussions among lawmakers

Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to …

This post was published at CryptoSlate

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