Author: CryptooTimes
U.S. President Joe Biden has vetoed a bill aimed at overturning a Securities and Exchange Commission (SEC) bulletin that sets accounting standards for firms that custody cryptocurrency. In an official letter dated May 31, Biden stated, “This reversal of the considered judgment of SEC staff in this way risks undercutting the SEC’s broader authorities regarding accounting practices.” The bill sought to repeal the SEC’s cryptocurrency accounting guidelines, which require institutions holding crypto assets to record them as liabilities on their balance sheets. “My Administration will not support measures that jeopardize the well-being of consumers and investors,” Biden added. “Appropriate guardrails…
OpenAI is pulling out all the stops to ensure that everyone is using its ChatGPT services. Source link
TRUMP Token Sinks After Former U.S. President Is Found Guilty in New York Source link
This past week has been buzzing with significant venture capital activity in the crypto space, highlighting several startups making major strides. Here’s a roundup of the top funding news. Félix Pago aims to simplify remittances According to TechCrunch, Latin American remittance startup Félix Pago raised $15.5 million in a Series A round, led by Castle Island Ventures. The company, which helps workers send money across borders using WhatsApp, plans to expand its presence in Latin America, and the U.S. CEO Manuel Godoy emphasized the convenience of using WhatsApp as an interface, allowing users to send and receive money through a…
MotoGP race team Gresini Racing is embracing elements of decentralized ownership through a new program allowing fans to purchase personal team sponsorship packages. Source link
Photo: The Game Awards / Summer Game Fest / Kotaku (Getty Images), Image: Bungie / Sony, Supergiant Games, Screenshot: Ninja Theory / Claire Jackson / KotakuIt’s summer, but just because it’s nice out doesn’t mean we stop playing games. It’s almost time for Not-E3/Summer Game Fest, and several major studios are planning showcases and reveals during the upcoming week. We break down what you can expect. We also help you beat the final boss in Hades 2, and find all of the totems, or lorestangir, in Hellblade 2. You’re welcome. Source link
Trump was found guilty on Thursday by a New York jury on all 34 counts. He was accused of falsifying business records, becoming the first former president to be convicted in U.S. courts. Trump pleaded not guilty and said he will “keep fighting until the end,” according to the BBC. Source link
Image: Warner Bros.Multiversus, the Warner Bros. crossover platform fighter starring Batman, Shaggy, Arya Stark and more, is out for real this time after going into a year-long hibernation. Now that it’s back and out of beta, the fighting game community is assessing if it could have the longevity of fighting games like Super Smash Bros. And some have already realized that smaller local tournaments, which often keep the game’s scene alive, could have trouble running Multiversus. That’s because, one significant change to the free-to-play model may make it prohibitively expensive to host Multiversus tournaments. – Kenneth Shepard Read More Source…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. All the talks are about the EU’s Markets in Crypto-Assets, or MiCA, MiCA, and MiCA again. This regulation package, not even fully in force yet, is already causing monumental movement in the blockchain and crypto space. When will it be fully applicable, what exactly is subject to the regulations, and most importantly, how to prepare for the upcoming legislation changes and stay compliant in the brave new world of regulated crypto? Firstly, when? In June 2024, the…
Anticipation of potential Ether ETF approvals in June is pivotal in driving ETH’s price above $4,000, with whales accumulating and rising holding sentiment furthering the bullish outlook. Source link
