Cryptocurrency news
‘Right time’ for Hong Kong’s Web3 push despite market flux — Financial Secretary
Hong Kong has already taken serious steps to develop the Web3 industry and its Financial Secretary says now is the right time to keep moving forward. Now is the "right time" for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financia...
$30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data
Traders agree that Bitcoin still lacks direction, but $25,000 and $30,000 remain targets once conditions change. Bitcoin BTC $27,941 stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. $30,000 or $25,000 for...
Coinbase supports new court action to remove Tornado Cash ban
The motion is part of a broader effort to restore internet privacy rights for United States citizens. The United States Treasury faces a renewed legal challenge that aims to overturn the decision to sanction the crypto mixer Tornado Cash, filed by six individuals backed by the c...
Swiss state-owned bank Postfinance to offer Bitcoin trading
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles. PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage ser...
Bitcoin ‘untouchable’ amid regulatory pressures, says analyst
Bitcoin is "untouchable,” because it's more decentralized than other cryptocurrencies in the space such as Ether according to senior commodity strategist Mike McGlone. Bitcoin (BTC) is "untouchable" despite ongoing regulatory pressures in the crypto sector and those who don't ha...
ChatGPT and AI must pay for the news it consumes: News Corp Australia CEO
Michael Miller said generative AI is a move by digital companies to take the creative content of others "without remunerating them for their original work." The creators of artificial intelligence (AI) fuelled applications should pay for the news and content being used to improv...
FTX EU launches withdrawal website to pay back European users
FTX EU was only approved by the Cyprus regulator in March, 2022, about seven months before FTX collapsed in November. The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests. It comes nearly five months after the global t...
Fair crypto laws ‘possible’ in the US but needs ‘a lot of work’ — Crypto Council adviser
Crypto Council for Innovation adviser Sean Lee said more education is needed for policymakers and financial regulators. There are still industry executives that remain hopeful the United States will develop laws to treat crypto fairly; however, an adviser to the Crypto Council f...
The government should fear AI, not crypto: Galaxy Digital CEO
Galaxy Digital CEO Mike Novogratz believes regulators have got it "completely upside-down" on crypto vs AI regulation. Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather t...
Disney reportedly scraps its metaverse division
The metaverse division was initially created to work on new ways of engaging Disney’s audience. Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan to cut its operating expenses by $5.5 billion and lay off 7,000 staff...