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United States

Kraken loses bid to dismiss SEC suit, loses fight with Aussie securities regulator
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27 August, 2024

Kraken loses bid to dismiss SEC suit, loses fight with Aussie securities regulator

The next step in this long-running process between Kraken and the U.S. SEC is a case management conference on October...
IDC guide predicts worldwide AI spending to reach $632 billion by 2028
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27 August, 2024

IDC guide predicts worldwide AI spending to reach $632 billion by 2028

The IDC notes in its guide that the meteoric rise of generative AI systems over the last 24 months will...
Germany seizes 13 BTC ATMs, nearly $280K in fresh crackdown
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26 August, 2024

Germany seizes 13 BTC ATMs, nearly $280K in fresh crackdown

Germany’s financial market watchdog, BaFin, says the ATMs were operating illegally in breach of the country’s Banking Act and have...
Is BRICS about to announce a gold-backed currency?
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26 August, 2024

Is BRICS about to announce a gold-backed currency?

What the BRICS system will look like in the future is still unclear, but with its annual summit ahead in...
‘Big Crypto’ lobbying furiously as 2024 US election heads into home stretch
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23 August, 2024

‘Big Crypto’ lobbying furiously as 2024 US election heads into home stretch

Public Citizen consumer advocacy group released a report titled ‘Big Crypto, Big Spending’ that showed ‘crypto corporations’ poured $119 million...
Binance lawsuit targets exchange as ‘get-away driver’ for bad actors
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22 August, 2024

Binance lawsuit targets exchange as ‘get-away driver’ for bad actors

Binance has been hit with various complaints and settlements in different jurisdictions, with a civil lawsuit filed at the U.S....
Colorado church eyes tokenization to raise funds for $2.5 million chapel
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22 August, 2024

Colorado church eyes tokenization to raise funds for $2.5 million chapel

To achieve the task of tokenization, the Colorado House of Prayer launched its digital asset called "Stone Coin" on Polymesh's...
BTC miners raising capital, buying rivals, fearing Kamala and burning the planet
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21 August, 2024

BTC miners raising capital, buying rivals, fearing Kamala and burning the planet

Bernstein analysts claimed miners shouldn't sell any of the BTC they've recently mined at a loss; based on their projections,...
California waters down AI safety bill to appease industry opposition
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20 August, 2024

California waters down AI safety bill to appease industry opposition

With input from Anthropic, lawmakers proceeded with the amendments to the SB-1074 bill, including limiting enforcement penalties and criminal perjury...
BTC block reward miners drowning in red ink as chasing the green gets harder
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14 August, 2024

BTC block reward miners drowning in red ink as chasing the green gets harder

The economic outlook for block reward mining in the U.S. is getting grimmer each day, with numerous miners registering plummeting...
IRS updated digital asset tax form ditches wallet address, transaction ID requirements
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14 August, 2024

IRS updated digital asset tax form ditches wallet address, transaction ID requirements

Apart from dropping the submission of wallet addresses and transaction IDs, the IRS will no longer require investment time transactions...
Cambodia’s central bank uses CBDC to stifle dollarization of local economy
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13 August, 2024

Cambodia’s central bank uses CBDC to stifle dollarization of local economy

Riel payments via Bakong are up by over 50% since the launch of the offering, encouraged by several government initiatives...