Gala Games (GALA) has had its fair share of challenges in the cryptocurrency market, witnessing a significant decline of 97% in value since its all-time high in November 2021. This steep drop in price has undoubtedly been a cause for concern for investors. However, amidst this turmoil, there have been glimmers of hope. In January
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The UK government has expressed ambitions of becoming a global leader in artificial intelligence (AI), but experts argue that effective regulation is crucial for this vision to become a reality. A recent analysis conducted by the Ada Lovelace Institute highlights the strengths and weaknesses of the UK’s proposed AI governance model. In this article, we
In a letter addressed to Securities and Exchange Commission (SEC) Chair Gary Gensler, U.S. lawmaker Ritchie Torres has called for a reconsideration of the regulatory approach towards the cryptocurrency industry. The plea from Torres comes in light of Judge Analisa Torres’s significant ruling on June 13, bringing some much-needed legal clarity to the crypto world.
The derivatives market surrounding Binance’s native coin BNB is currently reflecting a sense of pessimism among crypto traders. Regulatory challenges have plagued Binance, one of the world’s largest crypto exchanges, leading to negative open interest rates for BNB. These negative open interest rates indicate that traders expecting a price decline are willing to pay those
The United States is making significant strides in reaching a bipartisan agreement on the regulation of stablecoins. Lawmakers from both the Republican and Democratic parties have shown a willingness to work together in establishing comprehensive regulatory frameworks for stablecoins and cryptocurrency markets. This article delves into the evolving consensus among lawmakers and the potential impact
In a surprising move, leading crypto exchange Binance has announced a reduction in employee benefits, effective from June 19. This decision comes as a response to the company’s declining profit margins, forcing them to make difficult cost-cutting choices. Binance has decided to withdraw mobile-phone and fitness reimbursements, as well as other staff-related bonuses. These measures,
Bitcoin (BTC) has encountered difficulties in breaking above the $31,800 mark, resulting in a 6.3% correction down to $29,700. This price action has raised concerns among investors that ongoing regulatory developments and macroeconomic headwinds could drive Bitcoin below the $29,000 level, last observed on June 21. In terms of Bitcoin futures, there has been increased
The Financial Stability Board (FSB) has recently unveiled its finalized global regulatory framework for crypto-asset activities. This framework comes as a response to the inherent volatility and structural vulnerabilities observed in the crypto industry, as well as the risks posed by the deepening connection between cryptocurrencies and traditional finance. The FSB’s main objective is to
National Australia Bank (NAB) recently announced that it has prevented over A$270 million ($184 million) in customer payments due to concerns about potential scams. While these efforts to combat scams are commendable, there are concerns about the impact these restrictions may have on the growth of the cryptocurrency industry in Australia. This article explores the
In 2021, a retail investing community called Wall Street Memes burst onto the scene, quickly gaining traction and becoming a powerful force in the world of retail investing. This movement was born out of small investors uniting against Wall Street, challenging major financial institutions and driving up the prices of heavily shorted stocks like GameStop
