๐Ÿ”ฅCrypto News - Crypto World
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The EU AI Act: Whatโ€™s Wrong with It?

Starting in August, the European Union will enforce the AI Act. Although the provisions will be integrated gradually, experts have already criticized it, calling it flawed.

The EU AI Act

On March 13, 2024, the European Parliament approved the core rules for regulating AI activities. European Parliament President Roberta Metsola called the law groundbreaking, stating it will foster innovation and protect fundamental rights.

On July 12, 2024, the document was published in the Official Journal of the EU and will come into force on August 1, 2024. The main provisions will be fully effective on August 2, 2026, withโ€ฆ

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โœ”๏ธ SEC approved Grayscale's Mini Ethereum-ETF and ProShares' Ethereum-ETF

Issuers still need to get Form S-1 approval from the SEC.

#SEC #ETF #ETH
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โ€ผ๏ธ Indian crypto exchange WazirX has been hacked for $235,000,000,000.

The hackers have already laundered some of the crypto through Tornado Cash.

Supposedly, a multi-signature Ethereum wallet was compromised.

#scam
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๐ŸŒ Ethereum-ETF issuers made final edits to their filings

In them, counterparties disclosed the amount of fund management fees:

- Grayscale: 2.5%
- BlackRock: 0.25%
- Fidelity: 0.25%
- 21Shares: 0.21%
- Bitwise: 0.2%
- VanEck: 0.2%
- Invesco Galaxy: 0.2%
- Franklin Templeton: 0.19%

Grayscale Investments set a commission 10 times higher than the rest.

#ETF #ETH
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โœ‰๏ธBlockFi will pay out compensation in July

The funds will be distributed through the Coinbase exchange.

Users of the platform will receive a notification to the email address provided when registering a BlockFi account. That said, customers who are not US citizens will not be able to receive compensation due to regulatory requirements.

#blockfi
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๐Ÿ“ŠA pool among MtGox clients was conducted on Reddit

Of the 467 people who voted, 260 are willing to keep cryptocurrency in their portfolio further.

88 respondents want to get rid of crypto completely, while another 119 want to lock in a smaller or larger portion.

#mtgox #reddit
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๐Ÿ’ฌMark Cuban thinks bitcoin could become the world's reserve currency

Billionaire Cuban voiced his opinion about the course of Donald Trump's election campaign. He believes that the victory of the latter will facilitate crypto-business in the United States, and in the long term may contribute to the fact that bitcoin will become the world's reserve currency.

According to Mark, this is possible provided the dollar continues to depreciate amid inflation and geopolitical uncertainty.

#BTC
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๐Ÿ‡ฌ๐Ÿ‡ท Greek government introduces taxes on cryptocurrencies from 2025

Profits from trading cryptocurrencies will be subject to a 15% tax.

#greece
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Investor interest in meme coins remains high.

In the second quarter, meme tokens became the most popular sector in the cryptocurrency ecosystem, occupying 14.34% of the market, according to a report by CoinGecko experts.

Next are tokenized real-world assets (RWA) with a share of 11.3% and artificial intelligence with 10.09%.

Together, these three categories account for 35.7% of the market.

Meme tokens also lead in networks such as Solana and the L2 solution Base. These protocols dominate the blockchain segment, along with Ethereum and TON, which are in the top 15. Analysts also noted several other significant events from April to June.

Bitcoin: Price and Hashrateโ€ฆ

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๐Ÿ˜ฎ $844,600 for a sit-down with Donald Trump

This is the amount the presidential candidate has offered to attendees of the upcoming Bitcoin 2024 conference, for participating in a roundtable discussion. The invitation is part of a private fundraising campaign.

Attendees can also pay $60,000 for an individual photo shoot or $100,000 for a couples photo shoot.

#trump #usa
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โ˜„๏ธ Massive Windows failure

United Airlines, Delta Airlines and American Airlines suspended flights due to the problems.

It is also reported that the London Stock Exchange has been suspended.

Linking this to the CrowdStrike antivirus.

#malfunction
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๐Ÿ—“Layer3 drop checker 24th July

There will be no branding for now, just let's see how much is dropped. Total saplai coins 3.3bn Of which 7.5% is allocated for drop.

#Layer3
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๐Ÿ”ผ18 July net capital inflows into spot BTC-ETFs totalled +$84.8 million

Inflows can be seen for 9 consecutive trading days.

#BTC #ETF
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๐Ÿ’ตWintermute Trading may raise $100m

According to the publication, the firm plans to sell shares for a corresponding amount and then issue new ones in an as yet unknown amount.

#wintermutetrading
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๐Ÿ‘€Galaxy Digital is acquiring Ethereum for ~$1bn

Know something?

#ETH
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๐Ÿฅฐ Pixelverse + 226%

The app itself is still glitchy as well, and tapalongs won't be released until the 25th of July.

#pixelverse
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Global Windows Outage and Thematic Meme Coin Explosion

Users have created dozens of new tokens dedicated to CrowdStrike and Microsoftโ€™s โ€œblue screen of deathโ€ (BSoD) amidst a global outage of the tech giantโ€™s systems and services.

The issues with Windows hosts were caused by a defective update to CrowdStrikeโ€™s Falcon Sensor security product. The companyโ€™s CEO, George Kurtz, stated that the error was โ€œidentified, isolated, and fixed.โ€

However, the outage affected numerous organizations and enterprises worldwide, including airports, healthcare facilities, and media outlets. (The photo in the above post shows the famous โ€œSphereโ€ in Las Vegas).

The incident sparked the launch of thematic meme coins. One ofโ€ฆ

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โœˆ๏ธ Expect an app shop in Telegram โ€” Pavel Durov

And also, a browser with support for Web3-pages built into the application.

Telegram will also introduce a system to combat crypto-fraudsters - the messenger will show data on the date and country of registration of public accounts.

#web3
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