The recent rejection by Andrew Griffith, U.K’s Economic Secretary to the Treasury, of the Parliament Treasury Select Committee’s recommendation to regulate cryptocurrency trading as gambling has sparked a debate regarding the appropriate regulatory framework for this industry. In a response published on July 20, Griffith highlighted the potential conflicts with international regulators and the need
RISC Zero, a startup specializing in zero-knowledge (ZK) proof software, has successfully raised $40 million in a Series A funding round. This funding round was led by prominent crypto-focused investor Blockchain Capital. RISC Zero plans to utilize the fresh capital to launch its Bonsai computing platform, which aims to simplify the complexities associated with proof
When Arkham Intelligence’s $ARKM first entered the market, it garnered a warm welcome and experienced an initial surge in price. However, since then, the coin has struggled to maintain its bullish momentum and currently trades at $0.5962, reflecting a 7.5% decrease today. Analyzing the hourly Exponential Moving Averages (EMA) for $ARKM, a somewhat gloomy picture
The United Kingdom’s economic and finance ministry, HM Treasury, has firmly denied proposals by the House of Commons’ Treasury Committee to regulate cryptocurrencies like gambling. In May, the UK Treasury Committee called for unbacked cryptocurrencies to be regulated in a similar manner to gambling, citing the speculative nature of these assets. However, the government has
In a significant blow to Prime Trust, a leading crypto custodian, Nevada courts have ordered the company into temporary receivership. This announcement, made on July 18, comes as Prime Trust faces financial troubles. The Eighth Judicial District Court of Nevada has approved a petition from the Nevada Financial Institutions Division (NFID), which will result in
Republican Congressman Glenn Thompson (R-PA) is preparing to present his new cryptocurrency bill in the House of Commons, expecting that the recent Ripple ruling will help garner support from Democrats. The court ruling issued last week stated that the sale of Ripple’s XRP to the general public does not qualify as securities sales, which has
Cryptocurrency regulation in the United States has been a subject of much debate and uncertainty for years. However, a recent landmark ruling by Judge Analisa Torres has provided some much-needed clarity. In response to this ruling, U.S. lawmaker Ritchie Torres has called on the Securities and Exchange Commission (SEC) to rethink its approach to regulating
The recent court ruling declaring Ripple’s XRP token as “not in and of itself” a security has garnered mixed reactions. Securities and Exchange Commission (SEC) Chair Gary Gensler expressed his disappointment over the decision, emphasizing the potential impact on retail investors. In this article, we will analyze the implications of the ruling, the position of
The United Kingdom (UK) has set its sights on becoming a global leader in artificial intelligence (AI). However, experts argue that in order to achieve this vision, effective regulation is crucial. A recent report from the Ada Lovelace Institute delves into the strengths and weaknesses of the UK’s proposed AI governance model, shedding light on
Gala Games (GALA) has experienced a challenging period in the crypto market, with a significant decline in performance since its all-time high in November 2021. Despite a brief rally in January 2023, the price action has mostly been negative, leading to concerns among investors. However, a recent rally of +11% has given hope to the