New Law Empowers US President to Block Digital Asset Access
Commentators on X have expressed substantial apprehension regarding the recent enactment of a new law that grants the president of the United States the authority to restrict access to digital assets. On June 6, Scott Johnsson, a prominent figure in the digital assets sector, expressed his dissatisfaction with the law’s extensive scope, stating: “It’s hard […]
CoinDCX Targets $100M AUM with New Services
CoinDCX launches CoinDCX Prime for HNIs, Family Offices, and Institutional Investors, targeting $100M AUM by 2025. The recent inauguration of CoinDCX Prime, the latest offering from India’s foremost cryptocurrency exchange, has caused quite a stir. This new service, which is specifically designed for High-Net-Worth Individuals (HNIs), Family Offices, and Institutional Investors, is set to attain […]
LightLink Launches Hummingbird Client on Celestia’s Mainnet
LightLink launches Hummingbird client on Celestia’s Mainnet to enhance scalability and reduce fees in the Ethereum Layer 2 ecosystem. The Hummingbird client has been unveiled by LightLink, the gasless blockchain network that caters to enterprises, decentralized applications (Dapps), and millions of consumers on Celestia’s Mainnet. The protocol’s objective is to decrease transaction fees and improve […]
US Antitrust Chief to Investigate AI Sector for Monopoly Risks
US antitrust chief Jonathan Kanter will investigate AI sector monopoly risks, focusing on control over computing power, data, cloud services, talent, and hardware. Jonathan Kanter, the antitrust enforcer for the United States, will conduct an inquiry into the artificial intelligence (AI) sector in response to apprehensions regarding the concentration of power among a small number […]
Turkey Denies Plans to Tax Crypto, Stock Gains
Turkey dismisses plans to tax crypto and stock profits, considering a “very limited” transaction tax instead. Turkey has rejected proposals to levy taxes on profits from securities and cryptocurrencies, but it has proposed a “very limited” transaction tax. In an interview in Ankara, Treasury and Finance Minister Mehmet Simsek stated that the government is contemplating […]