Category: Latest news

[ad_1] The Monetary Authority of Singapore (MAS) has unveiled expanded regulations to safeguard retail crypto users from potential risks within the burgeoning industry. In a Nov. 23 statement, the financial regulator directed Digital Payment Token (DPT) service providers within its jurisdiction to adopt specific measures to discourage retail customers from engaging in speculative crypto activities.…

[ad_1] Quick Take The Grayscale Bitcoin Trust (GBTC) has recently demonstrated a remarkable performance, closing at year-to-date highs and marking a 266% increase YTD. Notably, GBTC and BTC exhibited parallel movements during the first half of the year. Since June 2023, a distinct divergence has emerged within the crypto market. During this period, the Grayscale…

[ad_1] Despite Binance’s recent skirmishes with the regulatory authorities in the United States, there is a 90% assurance that Bitcoin’s price will exceed $40,000 by December, crypto services provider Matrixport said in a Nov. 23 research note shared with CryptoSlate. Binance, the largest crypto exchange by trading volume, agreed to a more than $4 billion…

[ad_1] Kraken co-founder Jesse Powell suggested that the U.S. Securities and Exchanges Commission (SEC) prioritized cases based on convenience, giving examples of the regulatory actions taken against U.S.-based entities like Coinbase, Ripple, and Kraken. In a Nov. 23 statement on social media platform X (formerly Twitter), Powell said these regulatory actions reflect a localized enforcement approach…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] The KyberSwap hacker has shown a willingness to negotiate after exploiting the decentralized exchange for around $45 million, according to on-chain messages. The attacker publicly messaged KyberSwap, stating negotiations would commence shortly after adequate “rest:” “Dear Kyberswap Developers, Employees, DAO members, and LPs, Negotiations will start in a few hours when I am fully…

[ad_1] Reuters reported early on Nov. 23 that the recent ousting of Sam Altman, CEO of OpenAI, was linked to developing a breakthrough AI model, Q*. This model represents what could be a significant step towards achieving Artificial General Intelligence (AGI), a milestone in the field of AI. In a talk held a day before…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] BBVA Switzerland, the Swiss subsidiary of the Spanish banking behemoth BBVA, has announced a strategic partnership with Ripple-owned Metaco to build its digital asset operations via the latter’s Harmonize platform, according to a social media announcement. BBVA’s Swiss unit is the latest in a string of prestigious banks that have entered deals with Metaco…

[ad_1] Coinbase CEO Brian Armstrong has touted his exchange’s compliance-first approach following the issues that bedeviled rival Binance. In a Nov. 21 statement on social media platform X, Armstrong pointed out that Coinbase embraced compliance since its launch in 2012 “to become a generational company that stood the test of time.” “Since the founding of…