Author: e_cash_top

[ad_1] The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) released tailor-made rules for the crypto industry called the Distributed Ledger Technology (DLT) Foundations Regulations 2023 on Nov. 2, according to a press release. The new rules aim to provide the crypto industry with much-needed regulatory clarity and position Abu Dhabi as the second…

[ad_1] The assets in question were traced back to Christopher Castelluzo, who conducted narcotic operations from 2010 to 2015. While his illicit activities began in 2010, Castelluzo only transitioned to using Bitcoin (BTC) for narcotic transactions on darknets in 2013. Castelluzzo is currently serving concurrent 20-year federal and state prison sentences for drug distribution convictions.…

[ad_1] The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, alleging it to have used a trademarked term IP — ‘FEDNOW’ — without its consent. According to the letter, dated Oct. 27, 2023, the Federal Reserve confronted Bitcoin Magazine regarding its merchandise bearing the ‘FEDNOW’ mark, which they…

[ad_1] As the digital world rapidly evolves, industry leaders and innovators are convening in Portugal’s capital for Newconomics 2023, an influential conference that is dedicated to dissecting the future of Web3 technology and its intersection with global economics. Set in the historic LX Factory in Lisbon, the two-day event promises a deep dive into the…

[ad_1] Quick Take The latest U.S. jobs data reflected a perceptible deviation from consensus expectations, leading to subtle reverberations in the crypto market. The unemployment rate for October was anticipated to hold steady at 3.8%, mirroring August’s figures. However, it registered a slight uptick to 3.9%. Concurrently, non-farm payroll data, projected to mimic the unemployment…

[ad_1] Quick Take The Federal Reserve’s balance sheet has seen another sizeable reduction this past week, shedding approximately $40 billion. This now brings the balance sheet’s cumulative contraction to around $1 trillion from its peak. At its zenith, the balance sheet surged to an unprecedented $8.96 trillion. Currently, it stands at a slightly more modest…

[ad_1] Quick Take As per recent data analysis, USD Coin (USDC) is witnessing a significant contraction in its circulating supply. The second-largest stablecoin has dipped below the 25 billion mark, a low not seen since 2021, due to the decision by its issuer, Circle, to halt minting services for retail consumers. While this development doesn’t…

[ad_1] Sam Bankman-Fried’s (SBF) trial in New York under Judge Kaplan has ended with the jury finding him guilty of all charges brought against him. The news has created a buzz within the crypto community, generating several reactions from major stakeholders within the industry. CryptoSlate has curated some of these reactions below: Hayden Adams, Uniswap’s…

[ad_1] UK Prime Minister Rishi Sunak interviewed Elon Musk at a recent AI safety summit hosted by the UK government. The conversation focused on the opportunities and risks presented by artificial intelligence. Musk has long been vocal about regulating AI development to ensure safety. He told Sunak that AI capabilities are advancing exponentially, with systems…

[ad_1] Michael Saylor, founder and executive chairman of MicroStrategy, discussed his company’s Bitcoin investments during an interview with CNBC on Nov. 2. Saylor first commented on his company’s total holdings of 158,400 BTC, stating: “You can never have too much Bitcoin … we’re big bitcoin bulls.” He next discussed the possible approval of a spot…