SEC chair Gary Gensler pivots agency’s attention to AI: “We can get to crypto later”
SEC chair Gary Gensler pivots agency’s attention to AI: “We can get to crypto later”The SEC chair called AI the "most transformative technology of this generation" and stressed the need to prepare for its influence on financial markets.
Happy Friday!The global crypto market cap is $1.17 trillion, with a 24-hour volume of $28.07 billion. The price of Bitcoin is $29,232.35, and BTC market dominance is 48.6%. The price of Ethereum is $1,843.93, and ETH market dominance is 19.0%. The best-performing sector is Media, which gained 48%. The Crypto Fear & Greed Index is currently Neutral (54). Top News
SEC chair Gary Gensler pivots agency’s attention to AI: “We can get to crypto later”The SEC chair called AI the "most transformative technology of this generation" and stressed the need to prepare for its influence on financial markets. World Mobile launches Ethereum and BNB Chain bridges, strengthening multichain strategyThe project hopes that the Ethereum and BNB Chain cross-chain bridges will incentivize both networks' users to join the emerging WMT ecosystem. X has plans for an in-app trading platform: ReportThere is not yet any indication of whether crypto could be supported — or indeed, whether any partner firms are interested in powering the platform at all. Latest Insights
More NewsCurve Finance offers hacker 10% bounty, agrees not to seek legal assistance if offer is taken upTwo other DeFi platforms, Metronome and Alchemix, also signed the bounty offer. Coinbase reports $708M in quarterly revenue but overall net loss ahead of Base launchThe value of the company's stock remains largely unchanged. U.S. exchanges are seeing fewer outflows than offshore competitorsDespite the ongoing regulatory pressure on U.S. exchanges, their offshore competitors saw much higher Bitcoin outflows in the past month. US exodus as Revolut now ‘suspends’ crypto access in country amid regulatory uncertaintyRegulatory cloud in US prompts crypto hiatus for Revolut giving users until October to remove funds Coinbase files motion to dismiss SEC lawsuit in its ‘entirety’Against SEC headwinds, Coinbase dares to dismiss lawsuit amidst industry uncertainty.
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Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
Thursday, August 3, 2023
Warren's urgent call for safeguarding billions in tax revenue hinges on immediate crypto tax regulation.
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Wednesday, August 2, 2023
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