The recent introduction of the Crypto-Asset National Security Enhancement and Enforcement Act (CANSEE) has sparked controversy within the cryptocurrency community. This bill aims to impose stringent regulations on individuals involved in decentralized finance (DeFi) and has drawn criticism from various crypto advocacy groups. In this article, we will delve into the concerns raised by these
The cryptocurrency market is known for its volatility, and Arkham Intelligence’s $ARKM is no exception. Despite a promising start, with an initial price of $0.75 and a high of $1.05004, $ARKM has seen a significant decline and is currently trading at $0.5962, representing a 7.5% decrease today. This downward trend raises concerns among investors and
RISC Zero, a startup specializing in zero-knowledge (ZK) proof software, has raised an impressive $40 million in a Series A funding round. This funding was led by Blockchain Capital, a renowned crypto-focused investment firm. RISC Zero plans to utilize this significant capital injection to launch its groundbreaking Bonsai computing platform. Bonsai is an innovative platform
The world of cryptocurrency has been a topic of debate and discussion for some time now, with varying opinions on its nature and regulation. Recently, the Parliament Treasury Select Committee recommended that cryptocurrency trading be regulated as gambling, citing its similarities and associated risks. However, Andrew Griffith, the Economic Secretary to the Treasury in the
The United Kingdom’s Treasury Committee had previously proposed that unregulated cryptocurrencies should be treated as gambling. However, the HM Treasury has strongly opposed this idea, standing by the belief that a financial services regulatory framework is a more appropriate approach. Financial Services Minister Andrew Griffith argues that treating cryptoassets as gambling goes against internationally recognized
Officials have recently confirmed that the Nevada courts have taken decisive action in response to the financial difficulties faced by Prime Trust, a prominent crypto custodian. The Nevada Financial Institutions Division (NFID) has successfully petitioned for the placement of Prime Trust into temporary receivership. In a bid to protect the interests of Prime Trust’s clients,
The recent court ruling declaring Ripple’s XRP token as “not in and of itself” a security has left Securities and Exchange Commission (SEC) chair, Gary Gensler, disappointed. Speaking at an event in Washington DC, Gensler expressed his concern for retail investors while acknowledging the protection afforded to institutional investors by the ruling. The court ruling
The world of cryptocurrencies has long been plagued by a lack of regulatory clarity, leaving both industry insiders and investors in a state of confusion. However, Republican Congressman Glenn Thompson from Pennsylvania believes that recent developments in the Ripple case could be the turning point. Thompson is set to introduce a new cryptocurrency bill in
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
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
