ECB calls for digital revolution in capital markets

    coingeek 2024-10-12 77764 views Trending
    ​The European Central Bank (ECB) calls for a coordinated approach to digital assets and distributed ledger technology (DLT) as part of a broader effort to establish a “digital capital markets union” for Europe.

    AI and blockchain can work together, S&P Global report finds

    coingeek 2024-10-11 75020 views Trending
    A recent report by S&P Global called “Crypto and AI: Shaping the Future of the Internet” laid out how blockchain technology can mitigate some of the problems and risks associated with artificial intelligence (AI). While AI has already brought many benefits and will continue to do so, the S&P Global report highlights some risks around privacy, accountability, censorship, bias, cyber threats, data traceability, and even data center energy use.

    Philippines: 28M passport holders’ data at risk

    coingeek 2024-10-10 58129 views Trending
    ​In September, an official of the Philippines’ Department of Foreign Affairs (DFA) said the personal data of some 28 million passport holders are at risk of being compromised due to the absence of a cybersecurity system. DFA Office of Consular Affairs Assistant Secretary Adelio Cruz expressed this concern during a Senate finance subcommittee hearing on the DFA’s proposed PHP27.4 billion ($481 million) budget for 2025.

    UAE leads as Middle East embraces digital assets

    coingeek 2024-10-09 44581 views Trending
    The United Arab Emirates recorded the highest growth in digital asset activity, leading the rise of the Middle East and North Africa (MENA) as a digital asset hub, a new report has revealed.

    BTC mining profitability in free fall, noise complaints rise

    coingeek 2024-10-08 33572 views Trending
    ​BTC mining profitability continues to tumble despite the token’s price increasing, while communities living near mining sites are losing sleep and losing patience.JPMorgan analysts issued a report this week noting that block reward miners’ daily revenue and gross profit both fell 6% in September, the third straight month of declines. This comes despite the fiat price of the BTC token having closed out the month of September several thousand dollars higher than its level at the end of August.

    A Primer to Blockchain AI Market for Starters

    coingeek 2024-09-30 69981 views Trending
    Blockchain is a hot topic, with global businesses recognizing that the technology does more than secure financial transactions. From healthcare to manufacturing, Blockchain is changing the game when it comes to key business processes. It’s this vast range of applications that makes the blockchain industry boom.

    Untangling Bitcoin mining: Why do people become miners?

    coingeek 2024-09-29 37225 views Trending
    Diving in with a big-picture question, Wuckert is asked what Bitcoin miners are. He says that, fundamentally, they are “competitive accountants.” Each computer has its own unconfirmed transaction set, and each is competing to confirm them and find a valid hash. If they’re successful, they get to propose the next block.

    This Week in AI: FTC launches ‘Operation AI Comply’

    coingeek 2024-09-27 63157 views Trending
    ​OpenAI, the company behind ChatGPT, is undergoing significant changes. The biggest shift is that the company, currently a non-profit, will transition into a for-profit benefit corporation by 2025. A for-profit benefit corporation, often called a B corp, aims to positively impact society and the environment while generating profit. This move coincides with OpenAI looking to raise $6.5 billion at a staggering $150 billion valuation. Transitioning to a for-profit structure will likely help the company raise its capital, especially compared to its current convoluted setup.

    BlackRock spot BTC ETF options gets green light

    coingeek 2024-09-26 71373 views Trending
    ​The United States Securities and Exchange Commission (SEC) has given Nasdaq the thumbs up to list and trade shares of options for BlackRock’s spot BTC exchange-traded fund (ETF).

    India leads digital asset adoption, Southern Asia dominates

    coingeek 2024-09-25 40424 views Trending
    India is the world leader in ​digital asset adoption, maintaining its position atop the global rankings for the second year in a row, a new report by Chainalysis has revealed.The 2024 Global Adoption Index report revealed that digital asset activity had increased substantially last year, eclipsing the 2021 ‘crypto’ bull market levels as the sector continues to expand beyond pure speculation.

    Nigeria’s SEC vows to crack down on unlicensed exchanges

    coingeek 2024-09-24 51440 views Trending
    ​Nigeria’s Securities and Exchange Commission (SEC) has pledged to crack down on any unlicensed digital asset exchange, days after licensing the country’s first two exchanges.

    Norwegians celebrate as noisy BTC miners shut down

    coingeek 2024-09-23 34779 views Trending
    Not long ago, CoinGeek reported on how Russian President Vladimir Putin warned that BTC miners were causing blackouts in certain regions. Russia responded to residents’ complaints by regulating mining and offering miners first dibs on excess energy in other areas.

    China goes over AML law; Hong Kong mulls licensing regime

    coingeek 2024-09-20 64820 views Trending
    ​Regulatory change is in the air in China, as mainland lawmakers consider a revised anti-money laundering (AML) law to enhance monitoring and analysis of fintech money laundering risks, while Hong Kong’s securities watchdog explores new licensing regulations for over-the-counter (OTC) digital asset services.

    Kraken blocks German customers from Lightning Network

    coingeek 2024-09-19 62255 views Trending
    ​The Kraken digital asset exchange continues to fight America’s securities regulator while blocking its German users from accessing the Lightning Network for as yet unclear reasons.On September 12, Kraken’s attorneys filed their latest response to the civil suit brought against its parent companies Payward Inc. and Payward Ventures Inc. last year by the Securities and Exchange Commission (SEC). The suit accuses Kraken of operating an unregistered securities exchange, broker, dealer and clearing agency, while putting customer assets at risk via shoddy “business practices, deficient internal controls, and poor recordkeeping practices.”

    UK bill wants to label digital assets as personal property

    coingeek 2024-09-18 69128 views Trending
    ​The United Kingdom government introduced a bill on September 11 that would create a new category of personal property for digital assets and non-fungible tokens (NFTs), following a July Law Commission report that recommended the move.

    Indonesia issues third exchange license

    coingeek 2024-09-14 36300 views Trending
    Indonesia’s financial market watchdog has issued a new exchange license to Tokocrypto amid claims that the licensing favors a few big firms.The Indonesian Commodity Futures Trading Regulatory Agency, commonly known as Bappebti, issued the Physical Crypto Asset Trader (PFAK) license to Tokocrypto this week as the Southeast Asian country reins in its burgeoning digital asset industry.

    WHAT IS BLOCKCHAIN?

    coingeek 2024-09-13 64218 views Trending
    The growing popularity of cryptocurrencies has aroused mainstream interest in blockchain technologies and their possibilities. Increasingly, blockchain is used as a generic term that most people associate with Bitcoin, the cryptocurrency created using the technology. The potential and scope of the application of decentralized protocols have already become so much broader.

    SEC clampdown on NFTs was predictable, but it never had to be this way

    coingeek 2024-09-12 38822 views Trending
    Securities and Exchange Commission (SEC) Chairman Gary Gensler may be the most unpopular man in the digital currency industry.Since his appointment by President Joe Biden in February 2021, Gensler has followed through on his promise to tame the Wild West era of ‘crypto’ with gusto. With lawsuits against Binance and Coinbase (NASDAQ: COIN), a clampdown on initial coin offerings (ICOs), and massive fines for firms like BlockFi for failing to register as a lending product, it’s clear that the SEC means business.

    India to license 2 offshore exchanges in 2025: report

    coingeek 2024-09-11 74854 views Trending
    ​After purging offshore digital asset exchanges from the country for noncompliance in 2023, India is reviewing its stance and is set to license two more companies in 2025.

    Philippines’ MVP Group boosts digital payments presence

    coingeek 2024-09-10 50176 views Web3
    Japan has signaled an intention to go all in on Web3 by unveiling a new tax reform to attract global service providers.According to local reports, the Ministry of Economy, Trade and Industry is pushing for a new tax policy for digital asset firms in Japan to pursue a digitization agenda for its economy. The Minister, Takeru Saito, disclosed the ambitious tax plans during the Web X conference but did not delve into the details of the incoming tax policy.

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