US President Donald Trump has signed a bill criminalizing nonconsensual artificial intelligence-generated deepfake porn, which also requires websites to take down any illicit images within 48 hours. Trump signed the bill into law on May 19, known as the TAKE IT DOWN Act, an acronym for Tools to Address Known Exploitation by Immobilizing Technological Deepfakes … Read more
Two months after their crypto platform was hacked and wiped clean, Chase Herro and Zak Folkman turned up with a new venture, this time with Trump and his three sons on board. Herro and Folkman, previously running the now-defunct Dough Finance, had quietly abandoned hundreds of investors who lost millions in the collapse, and re-emerged … Read more
EUR/USD is testing the upper boundary of its descending channel near the 1.1250 level. Technical analysis suggests a bearish bias is active, as the pair remains within the confines of the downward channel. Initial support is seen around the nine-day EMA at 1.1210, followed by stronger support near the 50-day EMA at 1.1093. EUR/USD remains … Read more
Chicago-based derivatives giant CME Group is on track to launch XRP-based futures later today. As reported by U.Today, the world’s largest derivatives exchange urged XRP holders to mark their calendars last week. The product was officially announced in late April following months of speculation. The XRP price is down 3.5% ahead of the launch. The token … Read more
AUD/JPY softens to around 93.00 in Tuesday’s Asian session, down 0.55% on the day. RBA cut its OCR by 25 bps to 3.85% at the May meeting. BoJ’s Uchida said the central bank will continue to raise interest rates if the economy rebounds from the tariff hit. The AUD/JPY cross faces some selling pressure to … Read more
Landmark legislation aimed at establishing a regulatory framework for stablecoins in the United States took a significant step forward in the Senate on Monday night, as lawmakers voted to overcome a critical procedural obstacle, setting the stage for further debate and an eventual final vote on the bill’s passage. In a decisive move, Senators comfortably … Read more
MicroStrategy Inc., led by Michael Saylor, and its executives are facing a class action lawsuit, as disclosed in a recent SEC filing. The lawsuit alleges that the company made misleading statements regarding its Bitcoin strategy, specifically concerning the risks and profitability associated with its investments in the cryptocurrency. The legal action claims that MicroStrategy’s executives … Read more
Shares in the Indonesian fintech firm DigiAsia Corp nearly doubled after the company said it plans to raise $100 million to seed its first of many Bitcoin buys. The Jakarta-based Nasdaq-listed company said on May 19 that its board of directors approved creating a Bitcoin (BTC) “treasury reserve” and it was “committing up to 50% … Read more
Australian Judge rules Bitcoin should be treated as money, not a taxable asset. Decision contradicts decade-long ATO position on cryptocurrency taxation. According to a tax attorney, if the decision is upheld, possible refunds might total $640 million. A judge in Australia decided that Bitcoin should be treated as money rather than a taxable asset, which … Read more
In the world of bitcoin trading, identifying key price levels can be the difference between a profitable decision and a costly error. Among the arsenal of tools available to technical analysts, Fibonacci retracement stands out for its mathematical elegance and practical reliability. Fibonacci Retracement and Why It Matters Fibonacci retracement is a technical analysis tool … Read more