Features Crypto News by Thebittimes.Com

The crypto world has been enjoying the past couple of weeks, with Bitcoin’s (BTC) recent surge propelling the maiden crypto currency above $44,000—a milestone unseen since April 2022.  Yet, more recently, the crypto currency landscape experienced a sudden downturn as BTC retraced below the $42,000 mark.  A significant factor contributing to this correction was the introduction of a new regulatory challenge. On December 11, US Senator Elizabeth Warren unveiled a bill aimed at tightening regulations within the crypto space, injecting fresh uncertainty into a market that had been buoyed by weeks of optimism. What happened? On Monday, December 11, US Senator Elizabeth Warren announced an expanded coalition of the Senate’s support for the bipartisan Digital Asset Anti-Money Laundering Act, which was initially introduced in December 2022. Cryptocurrency Short squeeze alert for December 12: Two cryptocurrencies with potential to skyrocket Finance ...

China is warning telecom companies that are based overseas not to wield “new technologies” — digital assets, blockchain , artificial intelligence (AI) and the metaverse — for nefarious purposes. According to Global Times, citing a statement from the Chinese Central Political and Legal Committee, “entities operating from outside China have been using deceptive tactics such as posing as lucrative job opportunities to recruit unsuspecting victims.” “From the perspective of fraud methods, fraud groups use blockchain , metaverse, virtual currency, AI intelligence and other new technologies and new formats to continuously update criminal tools, which are more concealed and confusing,” the committee stated. “This requires the public security, finance, telecom munications, Internet and other departments to work together, apply advanced technical means, and fulfill the responsibility of the main body of supervision.” You might also like:...