EU considers delaying AI Act rollout amid US and Big Tech pressure
After adopting the AI Act last year, the European Union is considering easing certain provisions amid mounting pressure from the US and Big Tech.
Stablecoins strengthen the dollar and empower the developing world
Dollar-backed stablecoins reinforce U.S. currency dominance while democratizing finance in developing nations, countering China’s debt-trap diplomacy.
New crypto group aims to make unified standards for blockchain transactions
The Blockchain Payments Consortium, made up of several major crypto firms, was formed to create a “common framework that enhances blockchain transactions.”
Ethereum flashes buy signs amid whispers of ‘massive bear trap’: Analysts
Ether’s price fell a “little deeper” than one analyst expected, but said it is still a “great area” to be accumulating the asset.
Elixir sunsets deUSD stablecoin in reaction to Stream’s $93M loss
Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss.
Ethereum traders flip bullish as rest of market remains fearful
Santiment says online Ether chatter turned bullish, but the Crypto Fear & Greed Index tracking wider market sentiment remains at “Extreme Fear.”
Block shares tumble after-hours on Q3 earnings miss
Block Inc.’s third-quarter earnings missed analyst expectations on the top and bottom lines despite strong profit growth in its Cash App and Square businesses.
Crypto ETFs ‘punching above weight’ as almost half of ETF investers plan buys
Bloomberg ETF analyst Eric Balchunas said it was “shocking” to see Schwab’s findings that crypto ETF investments could be on par with those in bond ETFs.
Bitcoin at $100K is ‘speed bump’ to $56K, but data signals no signs of panic
Bloomberg analyst Mike McGlone says Bitcoin hitting $100,000 is “a speed bump” to $56,000, but other analysts say Bitcoin has bottomed out.
Australia risks ‘missed opportunity’ by shirking tokenisation: top regulator
The head of Australia’s market regulator, Joe Longo, is looking to embrace tokenization in Australia’s capital markets, fearing the country will fall behind if it doesn’t act.