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A proposed bill in the U.S. Congress aims to prohibit the president and members of Congress from participating in prediction markets, which allow users to bet on the outcomes of future events. The legislation is motivated by concerns over potential conflicts of interest and the integrity of decision-making processes
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Coinbase has expressed opposition to a recent compromise in a stablecoin bill proposed by U.S. lawmakers, which aims to regulate stablecoins more strictly. The exchange argues that the bill could stifle innovation in the cryptocurrency sector and create unnecessary barriers for stablecoin issuers. Coinbase's stance highlights broader
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The UK government is advancing a temporary ban on political donations made in cryptocurrencies. This measure aims to enhance transparency and accountability in political financing, as concerns grow over the potential for illicit funding through digital assets. The ban will apply to all political parties and candidates, requiring them to
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Google has announced a 2029 deadline to address the potential threats posed by quantum computing to cryptographic systems, including those used in Bitcoin. Quantum computers could potentially break the cryptographic algorithms that secure cryptocurrencies, raising concerns about their long-term viability. Experts suggest that the crypto industry must proactively develop quantum-resistant
China
BitGo has partnered with ZKsync to develop a tokenized deposit infrastructure aimed at integrating traditional banks into the blockchain ecosystem. This collaboration seeks to enhance the security and efficiency of digital asset management for financial institutions. The new infrastructure will leverage zero-knowledge technology to ensure privacy and compliance. By facilitating
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Australia is advancing its tokenized asset markets following a project by the Reserve Bank of Australia (RBA) that explored the use of central bank digital currencies (CBDCs). The RBA's initiative aimed to assess the potential benefits and risks of CBDCs in facilitating tokenized assets. The Australian government is
China
Elon Musk's social media platform X has appointed a new design lead with expertise in cryptocurrency as it moves closer to launching X Money, its payment service. This hire is part of Musk's broader strategy to integrate financial services into the platform, enhancing user engagement and
China
A recent compromise on a market structure bill has elicited diverse reactions from the cryptocurrency community, highlighting the ongoing divisions within the industry. The bill aims to clarify regulatory frameworks for digital assets, but opinions vary on its potential impact. Some stakeholders view it as a step towards greater legitimacy
China
Google has developed a new AI memory technique that reduces the memory footprint of machine learning models without sacrificing accuracy. This advancement allows for more efficient storage and processing of AI data, potentially enhancing performance in various applications. However, the method comes with a trade-off, as it may require more
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On October 19, 2023, Bitcoin experienced a significant price drop, falling below $26,000 amid market volatility. Ethereum also saw a decline, with its price dipping to around $1,600. Analysts attribute the downturn to macroeconomic factors, including rising interest rates and regulatory concerns. Meanwhile, several altcoins faced similar losses,
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On Friday, $18.6 billion in Bitcoin options are set to expire, prompting speculation among traders about potential price movements. Analysts suggest that this expiration could lead to increased volatility in the market. Some traders are preparing for Bitcoin (BTC) to reach $75,000, driven by bullish sentiment and market
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Google is planning a migration to post-quantum cryptography by 2029 to address the growing threats posed by quantum computing to current encryption methods. The company aims to enhance its security infrastructure in anticipation of advancements in quantum technology that could compromise traditional cryptographic systems. Google has already begun testing quantum-resistant