Economist Peter Schiff has warned that all banks will fail and anyone having a bank account will end up losing money. “No matter what happens, people are going to lose a tremendous amount as this banking crisis unfolds,” Schiff stressed. Peter Schiff Warns About All Banks Failing Economist and gold bug Peter Schiff reiterated his […]

Quick Take The difficulty level of Bitcoin mining has recently undergone an upward adjustment exceeding 7%. This noteworthy shift signifies the 11th such increase seen this year, clearly highlighting a pattern of escalating difficulty. Interestingly, the last adjustment trended in the contrary direction, making the present increase the second-largest adjustment observed this year. These fluctuations […]

Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so. United States Senate Financial Services Committee Chair Ron Wyden and ranking member Mike Crapo released an open letter to the digital asset community on July 11 asking for input on the […]

The U.S. Attorney for the Southern District of New York (SDNY) announced in a July 11 press release that it is pressing charges against Shakeeb Ahmed, a senior security engineer at an unidentified company, for money laundering in connection with the exploit of an unnamed Solana-based protocol in July 2022. This marks the first time the […]

Cboe filed several amendments for Bitcoin spot  ETFs on July 11, indicating that surveillance sharing agreements (SSAs) with Coinbase have been finalized. Beginning in late June, Cboe filed for spot Bitcoin ETFs on behalf of several asset managers. Later, on June 30, the Wall Street Journal reported that the U.S. Securities and Exchange Commission (SEC) […]

G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present. In preparation for a meeting of the G20 finance ministers and central bank governors this month, the Bank for International Settlements Innovation Hub (BISIH) submitted two reports — on cryptocurrency and central bank digital […]

Fir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based on what its GBTC documentation may reveal. Grayscale Investments has reached an agreement with New York-based investment firm Fir Tree Capital Management over its Bitcoin Trust. According to a July 11 announcement from Fir Tree, Grayscale agreed to provide […]

Artificial intelligence has proven effective at identifying security vulnerabilities, but early tests indicate it won’t be able to replace humans for a while. While artificial intelligence (AI) has already transformed a myriad of industries, from healthcare and automotive to marketing and finance, its potential is now being put to the test in one of the […]

The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against operators of unregistered crypto teller machines. Financial Watchdog Shuts Down Dozens of Crypto ATMs in the […]

Banco Central do Brasil published the source code for its CBDC on GitHub last week and allowed the public to conduct an audit of the system’s code. Developers soon found concerning functionality in the source code of Brazil’s CBDC pilot, including mechanisms to control individual wallets and the funds they hold. Concerning functions Developers quickly […]