Bitcoin whales are adding Ether exposure as attention flips from BTC to ETH on the back of new all-time highs for the largest altcoin. Key points: Bitcoin approaches the weekly close with $114,000 in focus as late-week gains fizzle. Ether remains the center of attention after its latest all-time highs, with whales swapping BTC for ETH. Read more
Telegram CEO Pavel Durov was arrested one year ago and has since then been required to stay in France while under investigation. One year has passed since the arrest of Telegram CEO and co-founder Pavel Durov, sparking outrage from free speech activists and concern over the future of platform moderation. On Aug. 24, 2024, Durov was arrested at the Paris-Le Bourget Airport in Paris, France as part of an investigation by the French National Judicial Police. The 12 charges later filed against him claim that he is complicit in serious crimes committed by users on his platform. Durov has expressed confusion and frustration about the case in recent interviews. Free speech advocates harshly criticized the arrest, stating it has serious implications for free speech and platform development. Read more
As Asia and the Middle East lead crypto adoption, success no longer comes from avoiding regulation, but mastering compliance to unlock true scale. Opinion by: Dipendra Jain, co-founder of TCX Regulation has become the baseline for crypto. From the United States’ regulatory enforcement to Dubai’s comprehensive crypto rulebook and India’s renewed debate on formalizing Bitcoin reserves, governments are rewriting the rules of digital finance. As listed institutions, retailers and social networks weigh in on digital asset rails, stablecoins and yield mechanisms, the real story is no longer what’s next, but who is building what comes next. Speculation once drove adoption, but structured compliance catalyzes scale across the Asia-Middle East corridor. Hubs like the United Arab Emirates and India represent the treatment of regulation as the backbone of innovation. The UAE is pushing a unified virtual asset service providers (VASP) framework to accelerate global crypto ambitions. At the same time, India is opening th...
Critics warn the US Treasury’s push to embed ID checks into DeFi smart contracts could erode privacy and hollow out permissionless finance. The US Treasury is exploring whether identity checks should be built directly into decentralized finance (DeFi) smart contracts, a move critics warn could rewrite the very foundations of permissionless finance. Last week, the agency opened a consultation under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), which was signed into law in July. The Act directs the Treasury to evaluate new compliance tools to fight illicit finance in crypto markets. One idea was embedding identity credentials directly into smart contracts. In practice, this would mean a DeFi protocol could automatically verify a user’s government ID, biometric credential, or digital wallet certificate before allowing a transaction to proceed. Read more