Bittensor Blockchain Temporarily Suspended Amid Security Breach, Aims for Revolutionary Decentralized AI

by Theresa Joy Lacatan | Jul 3, 2024 | Blog News, Crypto News

On Tuesday, the Bittensor blockchain, known for its cutting-edge decentralized artificial intelligence (AI) technology, experienced a significant setback due to a security breach that led to the abrupt suspension of its network. The developers initiated a “safe...

Paxos Gains Full Approval from MAS to Offer Digital Payment Token Services

by Theresa Joy Lacatan | Jul 3, 2024 | Blog News, Crypto News

Paxos has received full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token (DPT) services, marking a significant milestone for the crypto firm. The DPT license enables Paxos to issue stablecoins in alignment with MAS’s upcoming...

Circle Achieves Compliance with EU Crypto Regulations, Paving the Way for Global Stablecoin Expansion

by Theresa Joy Lacatan | Jul 3, 2024 | Blog News, Crypto News

On Tuesday, 2 July, 2024, Circle, the issuer of USD Coin (USDC) and Euro Coin (EURC) stablecoins, announced a groundbreaking achievement in the European crypto sector. Circle has become the first global stablecoin issuer to comply with the European Union’s...

Bolivia Central Bank Updates Regulations to Include Virtual Asset Transactions

by Theresa Joy Lacatan | Jul 3, 2024 | Blog News, Crypto News

On 26 June, 2024, the Central Bank of Bolivia, Banco Central de Bolivia (BCB) issued Press Release CP35/2024, with significant updates to regulations surrounding Virtual Assets. Through Board Resolution No. 082/2024, the BCB revoked the earlier Board Resolution No....

Denmark Considers Regulating Self-Custody Bitcoin Wallets and DeFi Interfaces, Sparking Industry Debate

by Theresa Joy Lacatan | Jul 1, 2024 | Blog News, Crypto News

Denmark is taking a significant step in the cryptocurrency world by considering regulations for self-custody Bitcoin wallets and decentralized finance (DeFi) interfaces. The Danish Financial Supervisory Authority’s (DFSA) new guidance aims to bring comprehensive...

ATO Tightens Crypto Tax Compliance with Enhanced Data Collection Program

by Theresa Joy Lacatan | Jul 1, 2024 | Blog News, Crypto News

The Australian Tax Office (ATO) is closely tracking crypto gains as the financial year ends on June 30, 2024. This year, the ATO has significantly ramped up its efforts in crypto tax compliance by launching an improved data matching program to ensure accurate...