Digital euro can ward off a host of private payment service ills: ECB official

[ad_1] The European Central Bank (ECB) is quite happy with the European Commission's (EC) legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and Monetary Affairs in a speech on Sept. 4 that the proposals “put Europe at the forefront of advanced economies” in CBDC development, potentially heading off private dominance of the financial sector and the ills that implies.The

Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

[ad_1] On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circuit Judge Neomi Rao ordered Grayscale’s petition for review be granted and the SEC’s order to deny the GBTC listing application be vacated. Previously, Rao said

Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

[ad_1] Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse, but for treating it as “a laboratory for experimenting with cutting-edge policy.”In the paper, dubbed simply “Taxing the Metaverse,” Kim argues that the metaverse allows participants to create and build wealth entirely within its ecosystem.According to Kim, this burgeoning wealth sector should be regulated under tax
Bitcoin News

“TOKYO BEAST” – A Crypto Entertainment Game By Renowned Web 3 Companies Announces Launch On Korea Blockchain Week

[ad_1] AdvertismentTokyo, Japan, September 4th, 2023, Chainwire TOKYO BEAST FZCO, headquartered in Dubai, United Arab Emirates; General Manager: Tomoe Mizutani; (hereinafter “TOKYO BEAST FZCO”) has announced the crypto entertainment project “TOKYO BEAST, gumi Inc. Headquartered in Shinjuku-ku, Tokyo; Hiroyuki Kawamoto, CEO; (hereinafter “gumi”) as the developer, Turingum K.K., headquartered in Minato-ku, Tokyo; Hiroki Tahara, CEO; (hereinafter “Turingum”) as the technology and financial advisory, using the Polygon protocols as the blockchain network for implementation, to

Crypto gambling site Stake sees $16M withdrawals in possible hack

[ad_1] Crypto gambling site Stake has experienced $16 million in withdrawals on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “ Hacker” by Etherscan, implying that the drained funds may be the result of a stolen private key.ALERTOur AI-powered system has detected multiple suspicious transactions with @Stake. address received about $16M in $ETH $USDC $USDT and $DAIAll the stable coins

Former MAS chair who called crypto ‘highly risky’ wins Singapore’s presidential race

[ad_1] Tharman Shanmugaratnam, former chair of the Monetary Authority of Singapore, has won the election for the city-state’s presidency with more than 70% of the vote.According to multiple reports from Sept. 2, Shanmugaratnam defeated presidential candidates Ng Kok Song and Tan Kin Lian to become the next president of Singapore with roughly 70.4% of votes. He will be sworn into office on Sept. 14 — less than two weeks after

Bitcoin futures data hints at $22K as the next logical step

[ad_1] A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies.The price chart of Bitcoin leaves little doubt that investor sentiment worsened after the much-hyped victory by Grayscale Asset Manager against the U.S. Securities and Exchange Commission (SEC) on Aug. 29 and the postponement of multiple spot BTC exchange-traded fund (ETF) requests by the SEC.  The central question remains whether the

Bybit debuts AI-powered ‘TradeGPT’ for market analysis and data driven Q&A

[ad_1] Dubai-based cryptocurrency exchange Bybit has developed a language based trading tool that uses AI to generate trading insights and answer technical questions from its market data.TradeGPT is being touted as an AI-powered education tool that taps into the generative ability of ChatGPT’s large language model and Bybit’s inhouse ToolsGPT to provide real-time market analysis and answers to user questions in a variety of languages.An announcement shared with Cointelegraph highlighted

Australian lawmakers send back crypto bill by Andrew Bragg

[ad_1] Australia’s Senate Committee on Economics Legislation has finally provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg.The committee on Sept. 4 reported on the draft bill referred to as “The Digital Assets (Market Regulation) Bill 2023,” asking the bill authors to add some amendments.The Senate particularly concluded that it would pass the bill with minor amendments such as removing the term nonfungible tokens (NFTs) from the definition