Coinbase gains industry support in legal fight against SEC
Cryptopolitan (RSS)
In a significant show of solidarity, various U.S. businesses and crypto industry stakeholders have united in support of Coinbase‘s legal challenge against the Securities and Exchange Commission (SEC). This development follows the SEC’s rejection of Coinbase’s request for clear rulemaking regarding the application of securities laws to digital assets.
Entities such as Paradigm Operations LP, a tech investment firm, and Legit. Exchange, a Texas-based digital asset trading platform, has submitted amicus briefs backing Coinbase’s stance. These submissions emphasize the urgent need for regulatory clarity to foster innovation and protect investors in the rapidly evolving digital asset landscape.
Paradigm Operations LP has highlighted the negative impact of the SEC’s unclear regulations on digital assets. Their amicus brief und...
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Cryptopolitan (RSS)
In a significant show of solidarity, various U.S. businesses and crypto industry stakeholders have united in support of Coinbase‘s legal challenge against the Securities and Exchange Commission (SEC). This development follows the SEC’s rejection of Coinbase’s request for clear rulemaking regarding the application of securities laws to digital assets.
Entities such as Paradigm Operations LP, a tech investment firm, and Legit. Exchange, a Texas-based digital asset trading platform, has submitted amicus briefs backing Coinbase’s stance. These submissions emphasize the urgent need for regulatory clarity to foster innovation and protect investors in the rapidly evolving digital asset landscape.
Paradigm Operations LP has highlighted the negative impact of the SEC’s unclear regulations on digital assets. Their amicus brief und...
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Are You Next? Unilever to Axe 7,500 Jobs for AI
Cryptopolitan (RSS)
British consumer goods company Unilever is planning a major business overhaul that could see it replace a large number of its workforce with artificial intelligence.
Unilever to Lay Off Thousands Due to AI
The Standard reported Tuesday that Unilever, which has about 128,000 employees around the world, intends to dismiss 7,500 of its global employees over the next two years, with the company’s executives saying that AI would “play a role” in the layoffs.
The execs admitted that the planned jobs cull is part of the company’s “comprehensive” programme to invest in AI technology and IT solutions, with the goal of improving productivity and saving £684 million (or over $868 million) in the next three years.
“Under the growth action plan, we have committed to do fewer things better, and with greater impact,” said Hein Schumacher, the chief executive. “The changes we are announcing today will help us accelerate that plan....
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Cryptopolitan (RSS)
British consumer goods company Unilever is planning a major business overhaul that could see it replace a large number of its workforce with artificial intelligence.
Unilever to Lay Off Thousands Due to AI
The Standard reported Tuesday that Unilever, which has about 128,000 employees around the world, intends to dismiss 7,500 of its global employees over the next two years, with the company’s executives saying that AI would “play a role” in the layoffs.
The execs admitted that the planned jobs cull is part of the company’s “comprehensive” programme to invest in AI technology and IT solutions, with the goal of improving productivity and saving £684 million (or over $868 million) in the next three years.
“Under the growth action plan, we have committed to do fewer things better, and with greater impact,” said Hein Schumacher, the chief executive. “The changes we are announcing today will help us accelerate that plan....
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AI Integration Vital for Crypto Safety, Warns Binance CTO
Cryptopolitan (RSS)
Binance, one of the leading cryptocurrency exchanges globally, is doubling down on its investments in artificial intelligence (AI) and compliance measures to stay ahead in the rapidly evolving crypto landscape. Rohit Wad, the Chief Technology Officer (CTO) of Binance, highlighted the critical role of AI in safeguarding users and ensuring regulatory compliance.
Binance bolsters compliance efforts with a $213 million budget
The exchange has significantly ramped up its compliance efforts, allocating a substantial budget to enhance transaction monitoring, market surveillance, and investigative tools. Wad revealed that the compliance budget surged by 35% year-over-year to an impressive $213 million.
These investments underscore commitment to maintaining robust anti-money laundering (AML) and compliance standards.
The CTO emphasi...
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Cryptopolitan (RSS)
Binance, one of the leading cryptocurrency exchanges globally, is doubling down on its investments in artificial intelligence (AI) and compliance measures to stay ahead in the rapidly evolving crypto landscape. Rohit Wad, the Chief Technology Officer (CTO) of Binance, highlighted the critical role of AI in safeguarding users and ensuring regulatory compliance.
Binance bolsters compliance efforts with a $213 million budget
The exchange has significantly ramped up its compliance efforts, allocating a substantial budget to enhance transaction monitoring, market surveillance, and investigative tools. Wad revealed that the compliance budget surged by 35% year-over-year to an impressive $213 million.
These investments underscore commitment to maintaining robust anti-money laundering (AML) and compliance standards.
The CTO emphasi...
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Bakkt names Andy Main CEO amid financial turnaround efforts
Cryptopolitan (RSS)
Bakkt, a prominent cryptocurrency trading platform, has appointed Andy Main as its new President and CEO, effective March 26. This move comes as the current CEO, Gavin Michael, steps down to pursue new opportunities. Despite his departure, Michael will remain connected with Bakkt, serving as an advisor until March 2025 to ensure a smooth transition and to offer guidance to the Board.
Andy Main, who has been an integral part of Bakkt’s Board since the company went public in 2021, is slated to take the reins. With a rich background that includes serving as the global CEO of Ogilvy and the global head of Deloitte Digital, Main is expected to navigate Bakkt through its next phase of growth and development.
Bakkt has also rescheduled the announcement of its fourth-quarter and full-year financial results for 2023 to March ...
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Cryptopolitan (RSS)
Bakkt, a prominent cryptocurrency trading platform, has appointed Andy Main as its new President and CEO, effective March 26. This move comes as the current CEO, Gavin Michael, steps down to pursue new opportunities. Despite his departure, Michael will remain connected with Bakkt, serving as an advisor until March 2025 to ensure a smooth transition and to offer guidance to the Board.
Andy Main, who has been an integral part of Bakkt’s Board since the company went public in 2021, is slated to take the reins. With a rich background that includes serving as the global CEO of Ogilvy and the global head of Deloitte Digital, Main is expected to navigate Bakkt through its next phase of growth and development.
Bakkt has also rescheduled the announcement of its fourth-quarter and full-year financial results for 2023 to March ...
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Top Parody Memecoins in 2024
CoinGape (RSS)
The crypto space has been filled with various cryptocurrencies, including memecoins. Memecoins have become a trend this bull season with the prices of top memecoins skyrocketing at an unexpected rate. A new addition among the memecoins that has drawn attention of various crypto investors is the parody memecoins. This article covers the top parody memecoins to look out for in 2024.
The post Top Parody Memecoins in 2024 appeared first on CoinGape.
CoinGape (RSS)
The crypto space has been filled with various cryptocurrencies, including memecoins. Memecoins have become a trend this bull season with the prices of top memecoins skyrocketing at an unexpected rate. A new addition among the memecoins that has drawn attention of various crypto investors is the parody memecoins. This article covers the top parody memecoins to look out for in 2024.
The post Top Parody Memecoins in 2024 appeared first on CoinGape.
Breaking: GBTC Bitcoin ETF Fees to Drop Soon, Says Grayscale CEO
CoinGape (RSS)
Michael Sonnenshein, chief executive offer of crypto asset manager Grayscale, discloses that fees on its flagship Grayscale Bitcoin Trust (GBTC) Bitcoin ETF will reduce gradually over time. Sonnenshein said the fees will drop after GBTC outflows reached over $12 billion, backtracking from defending its higher charges.
Grayscale to Reduce GBTC Fees
Grayscale CEO Michael Sonnenshein said the company expects to reduce fees on its GBTC Bitcoin ETF in the months ahead. The move likely comes as GBTC continues to witness outflows while other competitors such as BlackRock and Fidelity grab massive market share from Grayscale.
“I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down,” Sonnenshein told CNBC in an interview on March 18. He added that fees tend to ...
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CoinGape (RSS)
Michael Sonnenshein, chief executive offer of crypto asset manager Grayscale, discloses that fees on its flagship Grayscale Bitcoin Trust (GBTC) Bitcoin ETF will reduce gradually over time. Sonnenshein said the fees will drop after GBTC outflows reached over $12 billion, backtracking from defending its higher charges.
Grayscale to Reduce GBTC Fees
Grayscale CEO Michael Sonnenshein said the company expects to reduce fees on its GBTC Bitcoin ETF in the months ahead. The move likely comes as GBTC continues to witness outflows while other competitors such as BlackRock and Fidelity grab massive market share from Grayscale.
“I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down,” Sonnenshein told CNBC in an interview on March 18. He added that fees tend to ...
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Bitcoin, Ethereum Bleed As 5 Crypto To Buy Standout With 100X Potential
CoinGape (RSS)
The cryptocurrency market has recently experienced a downturn, with major players like Bitcoin and Ethereum witnessing significant drops below their key price levels.
Amidst this market correction, certain crypto to buy digital assets stand out with their promising potential. Highlighted are BLUR, TENET, Manta Network (MANTA), Loopring (LRC), and Polygon Ecosystem Token (POL), each poised for substantial growth.
1. Blur (BLUR)
Blur (BLUR) serves as the core governance token for Blur, an innovative platform in the NFT marketplace sphere. This platform distinguishes itself by offering users advanced tools for portfolio management alongside real-time pricing data and capabilities for comparing NFTs across various marketplaces.
Blur has consistently hovered above the pivotal $0.53 benchmark fo...
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CoinGape (RSS)
The cryptocurrency market has recently experienced a downturn, with major players like Bitcoin and Ethereum witnessing significant drops below their key price levels.
Amidst this market correction, certain crypto to buy digital assets stand out with their promising potential. Highlighted are BLUR, TENET, Manta Network (MANTA), Loopring (LRC), and Polygon Ecosystem Token (POL), each poised for substantial growth.
1. Blur (BLUR)
Blur (BLUR) serves as the core governance token for Blur, an innovative platform in the NFT marketplace sphere. This platform distinguishes itself by offering users advanced tools for portfolio management alongside real-time pricing data and capabilities for comparing NFTs across various marketplaces.
Blur has consistently hovered above the pivotal $0.53 benchmark fo...
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Top Crypto Losers Of The Week And Why?
CoinGape (RSS)
This week has just started, but it’s different from the previous weeks as a new downturn has begun and crypto losers have emerged in the market. Most cryptos have struggled these past few days, including those that used to dominate the market. Bitcoin has dropped to $63K, whereas Ethereum has accepted the $32K. It is a prominent fall from their values just a few days ago.
It doesn’t end there. The market has witnessed some of the well-performing cryptos falling to the ground as crypto losers, struggling to make a comeback.
Top Crypto Losers Of The Week
As so many cryptocurrencies are suffering, a long list of cryptocurrencies’ poor performance is available, showcasing the cryptocurrencies on the verge of entering a bearish trend. The list of top crypto losers is mentioned below, so let’s look into those and the reason behind their fall.
Also Read: ...
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CoinGape (RSS)
This week has just started, but it’s different from the previous weeks as a new downturn has begun and crypto losers have emerged in the market. Most cryptos have struggled these past few days, including those that used to dominate the market. Bitcoin has dropped to $63K, whereas Ethereum has accepted the $32K. It is a prominent fall from their values just a few days ago.
It doesn’t end there. The market has witnessed some of the well-performing cryptos falling to the ground as crypto losers, struggling to make a comeback.
Top Crypto Losers Of The Week
As so many cryptocurrencies are suffering, a long list of cryptocurrencies’ poor performance is available, showcasing the cryptocurrencies on the verge of entering a bearish trend. The list of top crypto losers is mentioned below, so let’s look into those and the reason behind their fall.
Also Read: ...
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Crypto Price Prediction: Why Memecoins Bled Most In Today’s Market Correction?
CoinGape (RSS)
Crypto Price Prediction: On Tuesday, the crypto market witnessed another wave of selling pressure which plunged its market cap to $2.4 Trillion, registering a 6.28% intraday loss. The leading cryptocurrencies Bitcoin and Ethereum recorded a 6-7% since yesterday, while Solana(SOL) and XRP plunged 11 % and 4% respectively.
Today’s downturn could be accelerated by significant outflow from BTC ETFs as observed on March 18th. Concurrently, the meme coin sector is under considerable sell-off pressure, with prominent assets like DOGE, PEPE, WIF, FLOKI, and BONK experiencing substantial double-digit losses.
This steep decline is likely a result of investors locking in profits, given that these assets were previously in an overbought state following the rally in late February to early March.
Also Read: ...
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CoinGape (RSS)
Crypto Price Prediction: On Tuesday, the crypto market witnessed another wave of selling pressure which plunged its market cap to $2.4 Trillion, registering a 6.28% intraday loss. The leading cryptocurrencies Bitcoin and Ethereum recorded a 6-7% since yesterday, while Solana(SOL) and XRP plunged 11 % and 4% respectively.
Today’s downturn could be accelerated by significant outflow from BTC ETFs as observed on March 18th. Concurrently, the meme coin sector is under considerable sell-off pressure, with prominent assets like DOGE, PEPE, WIF, FLOKI, and BONK experiencing substantial double-digit losses.
This steep decline is likely a result of investors locking in profits, given that these assets were previously in an overbought state following the rally in late February to early March.
Also Read: ...
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