Category: Latest news

[ad_1] In a significant move for the digital asset ecosystem, the House Financial Services Committee passed the ‘FIT for the 21st Century Act,’ officially titled the “Financial Innovation and Technology for the 21st Century Act” on July 26. Quick Take The bill, sponsored by Rep. French Hill, sets up rules for issuing and trading digital…

[ad_1] During the Q2 Earnings Call, Meta CEO Mark Zuckerberg outlined the company’s commitment to its metaverse vision and artificial intelligence (AI). Zuckerberg stated, “The two technological waves that we’re riding are AI in the near term and the metaverse over the longer term.” Further, the company’s investments in AI have made significant strides, as…

[ad_1] The U.S. Securities and Exchange Commission (SEC) has adopted a new set of rules for financial services that utilize artificial intelligence as of July 26. The SEC’s proposal is designed to tackle potential conflicts of interest arising from companies’ use of predictive data analytics, AI, and related technologies. While the SEC acknowledged that AI…

[ad_1] Federal prosecutors have requested that Sam Bankman-Fried’s bail be revoked as the former FTX CEO awaits trial, the Associated Press reported on July 26. Earlier, prosecutors alleged that Bankman-Fried leaked the personal writings of Caroline Ellison to the New York Times. Ellison was formerly the CEO of FTX’s sister firm, Alameda Research, and was…

[ad_1] The U.S. Securities and Exchange Commission (SEC) charged Quantstamp, a well-known blockchain security firm, with conducting an unregistered Initial Coin Offering (ICO) on July 21. The SEC said that, in October and November 2017, Quantstamp raised over $28 million by selling QSP tokens to about 5,000 investors, including those in the United States. In…

[ad_1] Quick Take The intricate relationship between crude oil prices and unemployment is a subject of close examination in the current economic landscape. Oil prices are on an upward trajectory, currently around $80 per barrel, a notable increase from the $66 per barrel seen in March. Such a rise in oil prices can induce a…

[ad_1] The Federal Reserve has escalated interest rates to a range of 5.25 to 5.5%, marking the highest level since 2001. This action is part of its strategy to reduce the target inflation rate to 2%. At the press conference following the meeting, Jerome Powell, the Chair of the Federal Reserve, reiterated familiar themes on…

[ad_1] A new CNBC feature on July 26 highlighted that Wall Street’s view on blockchain technology remains bullish as the pressure from market dynamics and the need for innovation push the American financial system to explore blockchain technology for future growth. .According to Tanaya Macheel of CNBC, Wall Street views blockchain as a solution to…

[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] Binance confirmed to CryptoSlate that it had withdrawn its crypto custody license application in Germany, according to a July 26 emailed statement. In June, unconfirmed reports emerged that BaFin, Germany’s top financial regulator, intended to deny Binance’s application for a crypto custody license. At the time, a representative from the exchange told CryptoSlate that…