Hong Kong Virtual Asset Consortium (HKVAC) Revises Crypto Index, Drops Ripple XRP from Top 5, Adds Solana and Avalanche

by Александр Пирогов | Jan 14, 2024 | Blog News

The Hong Kong Virtual Asset Consortium (HKVAC) has announced notable changes to its crypto indexes, reflecting the evolving landscape of the cryptocurrency market. Ripple’s XRP has been removed from the top five global crypto index, making way for Solana, which...

Singapore’s Financial Institutions Bill 2024 Empowers MAS to Regulate Crypto Firms

by Александр Пирогов | Jan 14, 2024 | Blog News

The Financial Institutions Amendments Bill 2024, currently under consideration by Singapore’s parliament, seeks to enhance the powers of the Monetary Authority of Singapore (MAS) in overseeing financial activities. If enacted, the bill will empower MAS to issue...

U.S. House Financial Services Committee Establishes Bipartisan AI Working Group

by Александр Пирогов | Jan 13, 2024 | Blog News

The United States House of Representatives Financial Services Committee (FSC) has established a bipartisan Working Group on Artificial Intelligence (AI) to investigate the impact of AI in the financial services and housing industries. Chaired by Representative French...

Venezuelan Government Reportedly Set to Liquidate Petro Cryptocurrency

by Александр Пирогов | Jan 13, 2024 | Blog News

Reports suggest that the Venezuelan government is preparing to liquidate the Petro, one of the first state-backed cryptocurrencies. Asonacrip, a national cryptocurrency association, claims to have information about the impending liquidation process, involving the...

Google Play Store Blocks Binance App in India Following Government Noncompliance Notice

by Александр Пирогов | Jan 13, 2024 | Blog News

Google’s Play Store in India has blocked the Binance cryptocurrency exchange app after the Indian government issued a noncompliance notice. This follows a similar decision by Apple’s App Store in India in December 2023. The Indian government blocked access...

WEF Global Risks Report Highlights AI as a Novel Global Threat

by Александр Пирогов | Jan 12, 2024 | Blog News

The World Economic Forum (WEF) has released its 19th Global Risks Report, identifying artificial intelligence (AI) as a novel global threat. The report explores the varied impacts of AI, outlining both its positive contributions, such as productivity benefits and...