France has seen a significant increase in crypto businesses establishing their European headquarters in the country over the past decade. This rise can be attributed to favorable tax rates, a talented pool of individuals from across Europe, and a strong culture of innovation in the Web3 space. Additionally, France was quick to adopt clear regulations
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The US government has responded to former FTX executive Ryan Salame’s attempt to void his guilty plea, asserting that his claims of false promises from prosecutors are unfounded. The US Attorney’s Office has stated that Salame’s allegations are “demonstrably false” and have emphasized that the charges against Salame’s partner, Michelle Bond, are separate and ongoing.
The European Union’s regulatory structure is viewed as a hindrance to artificial intelligence (AI) innovation by Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek. They highlight the fragmented nature of the EU’s AI regulatory framework, which they believe is impeding the progress of businesses in the region. According to them, the lack of clear
The DeFi Education Fund and the Blockchain Association have raised significant privacy and security concerns regarding the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The CAT, launched in April, aims to track all securities trades across US markets, creating the largest government-mandated collection of personal financial data in history. The NCLA initiated a
Bitcoin experienced a significant drop recently but has since made an impressive recovery. After falling from $59,600 to $56,300, the cryptocurrency managed to rally and reach a weekly high of just under $62,000. This surge in price was accompanied by notable gains in other major altcoins such as TRX and TON, as well as LINK,
Bitcoin’s price has seen a significant increase, climbing nearly $2,000 in just a day after the release of better-than-expected core PPI numbers in the United States. This surge comes on the heels of a positive end to the previous business week, where Bitcoin reached almost $63,000 on Friday. This rebound marked a recovery of over
European investment company CoinShares recently announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023. According to the earnings report, CoinShares achieved a revenue of £22.5 million ($28.5 million) in Q2 2024, showing a 110% year-over-year growth from the £10.7 million ($13.5
Thailand’s Securities and Exchange Commission (SEC Thailand) has recently introduced a Digital Asset Regulatory Sandbox to foster innovation within the digital asset sector. This initiative is aimed at supporting the testing and development of services related to digital assets in a structured and regulated environment. By providing a platform for businesses to explore new and
In today’s rapidly evolving political landscape, the intersection of cryptocurrency advocacy and political campaigns has become increasingly prominent. A recent Fox Business report highlighted the emergence of a new advocacy group, “Crypto for Harris,” aimed at challenging Donald Trump’s industry appeal. This development signifies the growing influence of the cryptocurrency industry in shaping political narratives
The US Securities and Exchange Commission (SEC) has taken a strong stance against Coinbase’s request for additional discovery in their legal dispute. The SEC argues that the vast amount of information sought by Coinbase is largely irrelevant and burdensome. The SEC asserts that the documents requested by Coinbase do not directly relate to the core