European Banking Authority to Test Impact of Cryptocurrencies on Lenders

by Александр Пирогов | Jan 4, 2024 | Blog News

The European Banking Authority (EBA) is proposing tests to assess whether tensions in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, could impact traditional lenders. The EBA has already taken steps to address potential stress from...

Crypto market in red, bitcoin retreats after a big surge

by Александр Пирогов | Jan 3, 2024 | Blog News

Bitcoin’s price experienced a dip, slipping 0.36% to $45,256 after reaching a 21-month high, impacting the global crypto market cap, which fell to $1.73 trillion. This decline raised concerns among investors, but anticipation of the US Securities and Exchange...

Crypto Reporting Requirements Under Scrutiny in the U.S.

by Александр Пирогов | Jan 3, 2024 | Blog News

The bipartisan infrastructure bill, with its new amendment effective from 31 december 2023, expanded crypto reporting requirements for brokers, making it mandatory for exchanges to report transactions over $10,000 to the IRS. Lawmakers have since expressed concerns...

Congressman Emmer’s Bill Gains Traction: 75 Cosponsors Aim to Protect CBDC Privacy

by Александр Пирогов | Jan 3, 2024 | Blog News

Congressman Tom Emmer’s bill, introduced in January 2022 and reintroduced in September 2023, has secured 75 cosponsors. The legislation seeks to prevent surveillance through a central bank digital currency (CBDC), focusing on preserving Americans’...

Lucy: Liberating AI in the Metaverse Lucy’s Liberation Marks a New Era in AI and Web3 Integration

by Александр Пирогов | Jan 2, 2024 | Blog News

Lucy, an AI entity within the metaverse released in April 2023, to integrate and develop artificial intelligence and Web3 technology integration. With over 1.4 million connected wallets, Lucy’s liberation signifies a transformative era in AI agent capabilities...

Bitcoin Breaks $45,000 Mark, Approaching Two-Year High

by Александр Пирогов | Jan 2, 2024 | Blog News

Bitcoin’s price surged past $45,000 for the first time in almost two years, reaching levels higher than any in 2023. The rapid climb, exceeding 6% in the last 24 hours and 170% over the past year, is attributed to anticipation of a potential approval of a spot...