Author: AiCryptoSource.com
TLDR: FCA will relax management and internal control rules for crypto firms while tightening oversight on cyber risks. Crypto exchanges will not be required to offer cooling-off periods or cancellation rights to customers under new rules. The regulator said cryptoasset firms do not carry the same systemic risk as banks or large investment institutions. Strong cybersecurity and operational resilience measures will be mandatory to prevent hacks and outages. The UK’s financial regulator is preparing a shakeup for crypto firms. The Financial Conduct Authority (FCA) said it will drop some traditional finance requirements to better fit the unique nature of the…
Somewhere on a server, a chunk of today’s encrypted blockchain data is being saved. It’s a quiet act of digital piracy with a futuristic twist. The thief can’t read the data yet, but they’re betting that a machine that doesn’t exist today will pop it open like a cheap lock tomorrow. This strategy, “Harvest now, decrypt later,” turns blockchain’s famous immutability from a feature into a liability. The entire crypto world is built on a simple premise – Some math problems are just too hard for our fastest computers to solve. However, that premise is beginning to crack under the…
TLDR: UNDP and Exponential Science will open the Government Blockchain Academy to support global public sector innovation efforts in 2025. The Academy will train governments on blockchain, AI, and digital identity to address service delivery challenges. Programs will include online modules, workshops, and mentorship leading to real-world blockchain solution deployments by 2026. The official launch will take place during TOKEN2049 Singapore with an industry roundtable to rally ecosystem partners. Governments worldwide are stepping up efforts to modernize how they deliver services. The United Nations Development Programme (UNDP) is preparing a new initiative that blends blockchain, AI, and digital learning. Its…
Bitcoin ETFs recorded a sixth straight day of inflows with $260 million, while ether ETFs notched their fifth consecutive positive day with $360 million. The streak underscores surging investor appetite across both leading digital-asset funds. Bitcoin ETFs Extend Winning Streak to Six Days With Ether ETFs Following Crypto exchange-traded funds (ETFs) carried their momentum into […] Source link
TLDR: SC Ventures aims to launch a $250M digital assets fund with global investment targets. Part of the $250M fund’s backing will come from investors in the Middle East. Fund is set to begin raising capital now and deploy investment next year. SC Ventures, created in 2018, combines banking and tech investment in the crypto space. Standard Chartered’s venture arm, SC Ventures, is preparing to raise a $250 million fund focused on digital assets. It plans to court investors now and begin deploying capital next year. Part of the backing will come from the Middle East. The fund is meant…
TLDR: Alabama Senator Keith Kelley says the GENIUS Act rewards loophole could reduce deposits in small rural banks. Crypto platforms offer high rewards without FDIC coverage, pulling funds away from community lending networks. Lower deposits could cut credit access for farms, small businesses, and rural economies dependent on local banks. Lawmaker urges Congress to close loophole before more small banks lose deposits to unregulated crypto platforms. Rural banks could be facing a threat few people are talking about. Alabama Senator Keith Kelley has sounded the alarm over a loophole in the federal GENIUS Act that he says could pull money…
Bitcoin distribution via miners takes a step back, Japan lowers Bitcoin taxes, Cameron Winklevoss believes in a 10x Bitcoin, while $BTC’s profitability hits historic highs. These are just some of the recent developments in the crypto world and we’ll discuss all of them. The first to touch on is Bitcoin’s profitability retesting a historical point after reaching a 92% threshold in Supply in Profit. This matters because, every time Bitcoin pushed above 90%, a bull rune followed. And the same thing is likely to happen now, as Bitcoin stagnates between $114K and $116K. An October bull run would push Bitcoin…
Key Takeaways Will Dogecoin’s price go past $1 in 2025? It will depend on a host of factors, including the possible approval of a Spot ETF. Do Dogecoin traders have anything to worry about? Its reputation as a meme and its inflationary model could play a role here. Dogecoin is coiling up for a big move, but nobody’s sure which way it’ll go. The price is barely holding on above a key support level, and while the charts are screaming that a breakout is coming, the signals are a messy mix of bullish and bearish. Underneath it all, big-money “whales”…
TLDR: GENIUS Act rules will not be effective until November 2026, leaving current law as the main compliance standard. Stablecoins over $10B supply will be required to follow federal compliance, not state-chartered pathways. State regulation offers limited benefits for USDH if its supply exceeds $10B, pushing issuers toward federal rules. Evaluating USDH proposals now is about the team’s readiness to meet GENIUS standards when they are finalized. The debate around USDH is pulling in regulators, crypto lawyers, and investors. At the center is the GENIUS Act, a law still months away from becoming active. Its rulemaking period runs through July…
Three Malaysian PMs have become victims of an artificial intelligence (AI) deepfake blackmail, with their blackmailers making crypto ransom demands. The MPs in question are Subang MP Wong Chen, Pandan MP Rafizi Ramli, and Sungai Petani MP Mohammed Taufiq Johari. According to reports, the Malaysian MPs were victims of cyber blackmail involving doctored AI-generated pornographic images, a move that has been described by Wong as lazy and unprofessional. In the statement released by Wong, the blackmail came to light on September 12 after his officer opened an email sent to the parliamentary office’s general complaint website. The email contained threats,…