Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry.
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This marks the first period of Ethereum becoming inflationary in the past year and a half since the Merge took place.
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The European Union is contemplating a significant expansion in its financial landscape, exploring the possibility of integrating cryptocurrencies into its €12 trillion ($12.8 trillion) investment product market. The European Securities and Markets Authority (ESMA) has solicited feedback from industry experts on incorporating various asset classes, including crypto assets, into Undertakings for Collective Investment in Transferable Securities (UCITS). This move aligns with global shifts, as seen with the recent approval of Bitcoin spot ETFs in the U.S. and Hong Kong.
UCITS, a major component of Europe’s investment framework, typically includes mutual funds and ETFs aimed at safeguarding investor interests through regulated, diversified portfolios. Current EU regulations prevent standalone crypto funds, but the proposed change could allow a blend of crypto assets within the UCITS structure, broadening the horizon for traditional investors.
With a deadline set for August 7 for expert opinions, the inclusion of crypto assets could position UCITS at the forefront of mainstream, diversified investment funds. This potential pivot towards crypto comes amidst the EU’s proactive stance on stringent crypto regulations, ensuring a balanced approach to innovative investment opportunities and consumer protection.
Many Americans got their first glimpse behind the machine learning curtain when details of Amazon’s “Just Walk Out” technology went public. Instead of pure technology tallying up customers’ purchases and charging them when they left the store, the sales were manually checked by about 1,000 real people working in India.
But these workers were the human-half of what most AI really is — a collaboration between reinforcement learning and human intelligence.
The human element tends to be ignored in discussions of AI safety, which is a little disturbing given how much of an impact AI will likely have on our job markets and ultimately our individual lives. This is where…
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TikTok takes a proactive step in assuring AI authenticity on its platform by automatically labeling AI-generated content (AIGC) using new Content Credentials technology.
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David Lawee, former Google vice president of corporate development, will use his Web2 consumer experience to promote blockchain to the mainstream with Aptos.
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Susquehanna International Group (SIG), a leading quantitative trading firm, has disclosed a substantial investment in Bitcoin Exchange-Traded Funds (ETFs). The company’s filings with the United States Securities and Exchange Commission (SEC) reveal holdings exceeding $1.8 billion across various Bitcoin ETFs.
According to the filings, SIG’s largest position is in Grayscale’s spot Bitcoin ETF (GBTC), with investments totaling over $1 billion alone. This significant allocation underscores SIG’s confidence in Bitcoin’s long-term potential as a financial asset.
The recent 13F filing with the SEC shows SIG’s massive investment in Bitcoin ETFs — SEC
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Financial guru Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” has issued a stark warning about a potential economic depression. Kiyosaki emphasizes the importance of readiness, criticizing the complacency of those living in a metaphorical “Disneyland.” He asserts that while he does not desire a depression, preparing for the worst is crucial. Over the years, Kiyosaki’s strategies have included investing in real estate, accumulating gold and silver, and, notably, increasing his Bitcoin holdings.
Kiyosaki believes that economic downturns present unique opportunities to accumulate wealth. According to him, depressions can be a golden time for those who are well-prepared. He encourages people to leverage such times to enhance their financial standing, specifically through strategic investments in Bitcoin, which he views as a prudent asset in times of crisis.
His message concludes with a call to action, urging everyone to prepare for exciting times ahead. Kiyosaki’s focus on Bitcoin underscores its potential stability and growth amidst economic uncertainties, positioning it as a vital asset for those looking to thrive during challenging economic times.
Learn how to connect the BNB Smart Chain to your MetaMask wallet and access a world of DApps, tokens and DeFi opportunities.
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Ghana Post launched a crypto stamp collection to showcase its king’s 25-year-long journey of persevering in traditional values and adopting new-age technology.
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