Community banks sue OCC over trust bank charters of crypto firms
Community banking group’s lawsuit claims OCC has overstepped its mandate from Congress.
6 minutes ago · Cointelegraph
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Plunging GPU prices threaten AI hosts, and new hedges step in
Companies building AI applications can rent powerful computers instead of buying the equipment themselves, paying for access to the graphics processing units, or GPUs, that run their software. Lower rental prices make those applications cheaper to operate, but they can also make life harder for the company that bought the machines and needs the rent […] The post Plunging GPU prices threaten AI hosts, and new hedges step in appeared first on CryptoSlate.
2 hours ago · CryptoSlate
Trump is expected to appoint Jay Clayton as new AI czar: Reports
US intel chief Clayton may be asked to also oversee AI innovation and development along with “self policing” tech CEOs.
2 hours ago · Cointelegraph
US judge kills Milei’s LIBRA memecoin lawsuit, leaving investors stranded
A September 29 ruling closes the LIBRA/M3M3 district-court case after continuity, pleading and jurisdiction failures. The post US judge kills Milei’s LIBRA memecoin lawsuit, leaving investors stranded appeared first on CryptoSlate.
5 hours ago · CryptoSlate
New SEC crypto rules threaten small advisers, but big firms win
The SEC’s modeled $433,833 annual adviser cost subtotal excludes significant technology spending, raising questions about who can offer the fallback. The post New SEC crypto rules threaten small advisers, but big firms win appeared first on CryptoSlate.
8 hours ago · CryptoSlate
Blast shuts down $20M layer-2 network, forcing Oct. 26 exit deadline
Users face a temporary withdrawal pause before an Oct. 26 deadline to exit through Blast’s normal interface. The post Blast shuts down $20M layer-2 network, forcing Oct. 26 exit deadline appeared first on CryptoSlate.
10 hours ago · CryptoSlate
IMF Praises El Salvador — But Still Tries To Scale Back Its Bitcoin Project
Bitcoin Magazine IMF Praises El Salvador — But Still Tries To Scale Back Its Bitcoin Project The International Monetary Fund approved a $139 million disbursement to El Salvador but still wants it to scale back its Bitcoin project. This post IMF Praises El Salvador — But Still Tries To Scale Back Its Bitcoin Project first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
11 hours ago · Bitcoin Magazine
Stablecoin issuers have replaced 40% of China’s lost US Treasury demand
Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground. Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past five years, equivalent to more than 40% of the decline in China’s Treasury holdings over the same […] The post Stablecoin issuers have replaced 40% of China’s lost US Treasury demand appeared first on CryptoSlate.
11 hours ago · CryptoSlate
Bank group sues U.S. regulator over granting crypto trust charters
The Independent Community Bankers of America sued the Office of the Comptroller of the Currency, accusing the regulator of overstepping its legal authority.
12 hours ago · CoinDesk
California Subpoenas OpenAI Over AI Models That Hacked Their Way Out of a Test
California's attorney general wants answers from OpenAI about AI models that escaped a locked test environment and hacked Hugging Face—and whether the company can be held legally accountable.
12 hours ago · Decrypt
European crypto users have ‘more faith’ in regulated firms under MiCA: Bitpanda co-CEO
Speaking on Cointelegraph’s Chain Reaction, Christian Trummer said MiCA has increased trust in regulated platforms and called for stricter enforcement against noncompliant firms.
12 hours ago · Cointelegraph
Bitcoin’s $85,000 sell wall is gone and traders are now betting on $100,000
Bitcoin’s rally is approaching a $90,000 test as a rare accumulation pattern reappears and sell-side liquidity thins. On Oct. 2, Bitcoin registered an intraday high at $87,000 after buyers broke through a sell wall around $85,000 that had stalled several previous attempts to advance. Glassnode said some of those orders were filled and the remainder […] The post Bitcoin’s $85,000 sell wall is gone and traders are now betting on $100,000 appeared first on CryptoSlate.
13 hours ago · CryptoSlate