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Coinbase’s Paul Grewal reveals letters US regulator sent to coerce banks from serving crypto businesses
Documents obtained by Coinbase through the Freedom of Information Act (FOIA) revealed that the Federal Deposit Insurance Corporation (FDIC) and other federal agencies actively discouraged banks from transacting with crypto businesses in what is popularly called “Operation Chokepoint 2.0” within the crypto industry. Following the release of documents obtained by Coinbase through the FOIA, Coinase’s […]Cryptopolitan
Fri, Dec 6
OpenAI’s most recent “reasoning” model in basic errors
OpenAI recently released a “reasoning” AI model – o1, but it is already rocked with basic errors, according to the company’s new ad. The ChatGPT maker released what it has termed its most advanced model to date for paying subscribers kicking off its “12 Days of OpenAI” event, which is a series of releases to […]Cryptopolitan
Fri, Dec 6
Total world debt hits a record $323 trillion in Q3
Global debt has hit an earth-shattering $323 trillion in the third quarter of 2024. That’s $12 trillion more than where we started the year. Over the last two decades, total global debt has tripled, putting today’s figure into perspective. Debt-to-GDP now sits at 326%, higher than pre-pandemic levels, and it’s not showing signs of slowing […]Cryptopolitan
Fri, Dec 6
Spot Bitcoin ETFs surpass Satoshi’s estimated 1.1 million BTC holdings
U.S. spot Bitcoin ETFs have claimed a historic title: the largest Bitcoin holders on Earth. Bloomberg ETF analyst Eric Balchunas reports that these ETFs now control 1,104,534 BTC, surpassing the legendary stash of Bitcoin creator Satoshi Nakamoto. Satoshi’s wallets, untouched since Bitcoin’s creation, hold around 1.1 million BTC, placing him in second place for the […]Cryptopolitan
Fri, Dec 6
Hong Kong to introduce stablecoin bill to regulate virtual tokens
The Hong Kong government has published a stablecoin bill in the gazette, bringing the proposed regulatory framework one step closer to becoming law. The city seeks to strike a balance between financial stability and consumer safety while pursuing its virtual asset agenda. On the other hand, China continues to prioritize digital assets that can be […]Cryptopolitan
Fri, Dec 6
India folds on the de-dollarization agenda and could fail the BRICS currency
Reserve Bank of India (RBI) Governor Shaktikanta Das has announced that India is not pursuing a de-dollarization policy. He also emphasized that no concrete decisions have been made regarding the creation of a common BRICS currency. As Forbes reported, India’s central bank head has confirmed that de-dollarization is not part of the country’s objectives under […]Cryptopolitan
Fri, Dec 6
As Arbitrum Price Rallies & DOT Price Gains Momentum, BlockDAG’s $600M Presale Target Becomes the Market’s Biggest Question!
The crypto market never stays still, and neither do its savvy participants. Recent moves have seen Arbitrum (ARB) price rally by crossing the $1 mark, showing its steady price growth. At the same time, Polkadot (DOT) price gains are bringing it closer to the crucial $10 mark, a level that could spark significant action from […]Cryptopolitan
Fri, Dec 6
