Kazakhstan’s Supreme Audit Chamber Presents Digital Tenge, Highlights Unique Advantages
The Supreme Audit Chamber of Kazakhstan held a presentation of the digital tenge and spoke about the advantages of the third form of the national currency. The presentation was attended by Berik Sholpankulov, Chairman of the National Bank, and Binur Zhalenov, Chairman of the National Bank's Payme ...
CFTC Commissioner Calls for Comprehensive Regulation of Cryptocurrency Clearing Organizations
This idea was expressed by Commissioner Christine Johnson She believes all clearing organizations should be subject to the same rules The CFTC's Division of Clearing and Risk (DCR) has issued a formal warning to DCOs regarding the risks of cryptocurrency. More ...
ESMA Issues Warning on Risks of Cryptocurrency Investments in Europe
European Securities and Markets Authority (ESMA) has published an official warning about the risks of investing in cryptocurrencies, which remain relevant until the entry into force of the law on the regulation of cryptocurrencies in the European Union (MiCA). ESMA states t ...
Unveiling Centralization in Cryptocurrency Projects: Indirect Methods of Control
This is the second part of the overview article about centralization of cryptocurrency projects and it is devoted to indirect methods of control. Hidden influence does not disrupt the blockchain, but it also leads to risks for the entire ...
Elon Musk Advises Caution on Dogecoin Investment Despite Favoritism
Tesla and SpaceX CEO Elon Musk warned investors not to bet everything on Dogecoin, stating that DOGE is his favorite coin. At a London conference hosted by The Wall Street Journal, Elon Musk urged investors not to get their hopes too high for the memetic cryptocurrency DOGE ...
China’s Supreme People’s Procuratorate Highlights Risks and Controls for NFT Market
The Supreme People's Procuratorate of China justified the targets for controlling NFT market activities and drew attention to the risks associated with this asset class. In recommendations prepared for the country's law enforcement agencies, the Supreme People's Procuratora ...
Elon Musk Criticizes OpenAI’s Move to Commercial Model and Expresses Concerns over Control and Risks
He criticized the creator of ChatGPT And the project's plans to move to a commercial model Ion Musk harshly criticized OpenAI for its plans to abandon the nonprofit model. He emphasized his significant role in the creation of the startup. And he believes the o ...
US Vice President Kamala Harris meets with leaders of AI development companies
It was attended by representatives from Google, OpenAI, Microsoft and Anthropic The parties discussed "responsible innovation" and additional security measures It's interesting that Mark Zuckerberg was not invited to the meeting Yesterday, May 4, US V ...
IMF Plans to Start with Wholesale CBDCs Only for Financial Institutions
IMF Managing Director Kristalina Georgieva acknowledged the role of CBDC But plans to start with wholesale types This CBDC is only for dealing with financial institutions IMF Managing Director Kristalina Georgieva spoke at the Milken Institute Global ...
UK FCA CEO: Cryptocurrencies have evolved into a mainstream asset class
The CEO of the UK Financial Conduct Authority (FCA) has highlighted the evolution of cryptocurrencies from "rebellious instruments" to a mainstream asset class. Ten years ago, digital currencies were viewed as an investment tool for gaining independence from the state, but today, they have gained ...
Increase in Cryptocurrency-Related Court Cases in Russia
As per a report by the consulting firm RTM Group, the number of legal cases associated with cryptocurrencies surged in Russia in 2022, reaching 1758, indicating an increase of almost 15%. RTM Group analysts highlighted that in the previous year, there were 1531 court decisions linked to digital a ...
Almost Half of NFT Holders Support Regulation to Mitigate Risks, Survey Shows
A new study by CoinGecko, a digital currency information aggregator, revealed that almost half of NFT holders are in favor of introducing regulations to protect themselves from potential risks. The survey was conducted between December 2022 and January 2023, with 343 non-fungible token (NFT) hold ...
Study Finds Over a Third of Cryptocurrency Videos on TikTok Mislead Users
Based on a report from dappGambl, a Chinese social network TikTok has been found to have a significant amount of misleading information on investing in cryptocurrencies. The study conducted by dappGambl analyzed 1,161 of the most popular TikTok videos with hashtags about cryptocurrencies, which r ...
Thai SEC to Ease Restrictions on ICO Investments for Retail Investors
The Thai Securities and Exchange Commission (SEC) is looking to ease up on its strict approach towards initial coin offerings (ICOs) and eliminate restrictions for retail investors. Previously, the regulator had placed a cap of 300,000 Thai baht (equivalent to around $8,725) for retail investors ...
Central Bank of Sri Lanka warns against cryptocurrency investments
The Central Bank of Sri Lanka (CBSL) has recently issued a warning to the public about the risks associated with investing in cryptocurrencies. The bank urged individuals to refrain from trading cryptocurrencies and participating in ICOs, citing a large number of complaints from users who have su ...
SEC Warns Investors about Risks of Crypto Assets and Proof-of-Reserves
The US Securities and Exchange Commission (SEC) has issued a warning to investors regarding the potential risks associated with investing in crypto assets. The agency has specifically cautioned against relying solely on proof of reserves (PoRs) published by cryptocurrency exchanges, stating that ...
Majority of Retail Bitcoin Investors Experience Losses, says BIS Report
According to a recent report from the Bank for International Settlements (BIS), a majority of retail Bitcoin investors have incurred losses in the past seven years. As per the report's authors, the average retail investor has lost roughly half of their investments since August 2015 until December ...