#crypto

Cardano founder Charles Hoskinson has asserted that the survival and growth of the crypto industry are no longer dependent on Bitcoin. He argues that newer technologies have significantly outstripped Bitcoin in functionality.

The chatbot Grok, developed by Elon Musk’s team, was asked by X's users if it deals with cryptocurrency. In response, Grok revealed its passion for crypto dating back to its very beginnings.

This initiative offers a residency visa and a pathway to citizenship to 1,000 individuals who invest $1 million in Bitcoin or Tether in the country.

“I've always been deeply opposed to bitcoin, crypto, etc.,” JPMorgan Chase CEO Jamie Dimon told senators in a hearing examining the U.S. banking industry. He even expressed a desire to ban cryptocurrencies if he had the authority.

To receive the funds, recipients are required to download a Coinbase Wallet, although the exchange has aimed to simplify this process for users less familiar with technology.

The Financial Services Commission (FSC) of South Korea has announced that by July 2024, investors in digital assets must receive interest on funds held on exchanges.

Crypto enthusiast Preston Pysh has scrutinized the recent proposals by the Financial Crimes Enforcement Network (FinCEN) aimed at tracking all cryptocurrency transactions. He contends that these rules are in conflict with several US laws and the Constitution, and they do not align with the traditional scope of bank transfers.

The platform will offer zero trading fees and a unique feature where customers receive a percentage of their monthly trading volume in Bitcoin.

In the US, crypto industry lobbying is on the rise, with expenditures reaching $19 million in just the first three quarters of the year, surpassing the previous year's total. In 2022, the total lobbying budget reached $22 million, with FTX contributing significantly.

Dmytro Budorin, the CEO of blockchain security auditor Hacken, has laid out five critical guidelines for safeguarding investments against fraud in crypto projects.