A suite of crypto legislation passed the House Financial Services Committee this week

On July 27, the House Financial Services Committee advanced seven pieces of legislation concerning critical issues in digital asset regulation. They will now proceed to a full vote in the House. A... Read more »

Elon Musk’s X targets financial services, PacWest emergency rescue and more

Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat.... Read more »

Sequoia Capital scales back crypto fund by $350M amid industry challenges – reports

Sequoia Capital, a renowned venture firm, has significantly scaled back its cryptocurrency fund in response to a considerable shift in the startup ecosystem. According to individuals familiar with the matter, the fund... Read more »

Bitcoin price erases FOMC gains as US dollar surges on Q2 GDP print

Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. BTC/USD 1-hour chart. Source: TradingView Analyst warns of BTC price dip... Read more »

SEC adopts proposal for regulating use of AI in markets

The U.S. Securities and Exchange Commission (SEC) has adopted a new set of rules for financial services that utilize artificial intelligence as of July 26. The SEC’s proposal is designed to tackle... Read more »

Jameson Lopp’s first impression of Bitcoin – Cointelegraph Magazine

Jameson Lopp has been on the front lines of the battle between technologists and those who want to preserve Bitcoin as it is since the scaling debates of 2015–2017. The topic arouses... Read more »

AI companies lobby for open-source support in EU’s upcoming regulations

Several tech and AI companies, including GitHub and HuggingFace, have written to European policymakers asking them to offer more support for the open-source development of artificial intelligence (AI) models, The Verge reported... Read more »

Japan PM reaffirms Web3 plans as Binance announces imminent launch

Japanese Prime Minister Fumio Kishida reaffirmed the country’s commitment to fostering the Web3 industry, highlighting its potential to transform the internet and kindle social change.  Kishida made the comments in a keynote... Read more »

Arkham announces $5K bounty payout as Terra-related address are identified

Arkham Intelligence said in a tweet dated July 24 that the first of its crypto wallet identification bounties has now been paid out. The relevant bounty was awarded to an on-chain sleuth... Read more »

Bitcoin can still hit $19K, warns trader ahead of BTC price ‘big move’

Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close. BTC/USD 1-hour chart. Source: TradingView $19,000–$23,000 “still on the cards” for Bitcoin Data from... Read more »
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