Bitcoin News and Finance: What You Need to Know

The head of India’s central bank, the Reserve Bank of India (RBI), has warned of significant risks associated with cryptocurrencies, particularly for emerging market economies. “It can impact your financial stability, currency stability, and monetary system,” RBI Governor Shaktikanta Das said. RBI Governor’s Crypto Warnings Shaktikanta Das, the governor of India’s central bank, the Reserve Bank of India (RBI), issued several warnings regarding cryptocurrency at the World Economic Forum in Davos this week. Das said: Cryptocurrencies have huge risk, particularly for emerging market economies because it can impact your financial stability, currency stability, and monetary system. “There is no underlying. It is not a currency, but it has the potential to become a currency in which event it can occupy the part of the payments system. It can impact your banking system and therefore it has very much risk involved in it,” the Indian central bank governor stressed. Commenting on the app...

U.S. lawmakers have introduced a bill “to combat the illicit use of crypto assets.” The Preventing Illicit Finance Through Partnership Act “will allow federal regulators to work with the private sector to gain insight into the often-misunderstood world of crypto to weed out bad actors without crushing an entire emerging industry,” Senator Cynthia Lummis described. Preventing Illicit Finance Through Partnership Act 2024 U.S. Senators Bill Hagerty (R-TN) and Cynthia Lummis (R-WY) introduced the Preventing Illicit Finance Through Partnership Act of 2024 on Wednesday. Hagerty and Lummis are members of the Senate Banking Committee. The bill seeks to “establish an information-sharing pilot program to combat the illicit use of crypto assets,” according to the bill’s text. The legislation targets illicit finance through enhanced communication between federal law enforcement agencies and private companies. Senator Lummis opined: There are bad actors in every industry and crypto assets are...

A bill that seeks to safeguard the cryptocurrency rights of the citizens has been introduced to the Senate of Virginia. The bill, sponsored by State Sen. Saddam Azlan Salim, would guarantee that citizens can self-custody, transact, mine, and pay with cryptocurrency, also exempting cryptocurrency transactions of less than $200 from paying state capital gains tax. Virginia State Senator Introduces Cryptocurrency Rights Bill Saddam Azlan Salim, a state senator in Virginia, has introduced a bill that aims to impede state authorities from blocking its citizens from exerting different cryptocurrency and bitcoin-linked activities. Senate Bill 339 ( SB 339 ), introduced on January 9, establishes that citizens will not require a money-transferring license to operate staking or mining equipment at the state level. Also, the bill proposes to guarantee the rights that citizens of the old dominion have to run their cryptocurrency node, transact and make payments with cryptocurrencies, and have ...

The integration of artificial intelligence (AI) and cryptocurrency is heralding a new era of technological advancement, as highlighted in a recent Grayscale Investments report by Will Ogden Moore. Grayscale’s latest report says this synergy, marked by the impressive performance of AI-related crypto assets, is expanding the scope of blockchain applications beyond traditional payment systems. Grayscale Research Report Illuminates the Collaborative Future of AI and Cryptocurrency Grayscale Investments’ research report emphasizes the potential of this intersection to address future AI-related societal challenges, including concerns over data privacy and the centralization of power. According to the Grayscale researcher, Will Ogden Moore, AI-adjacent cryptocurrencies have shown significant growth, outperforming traditional sectors within the crypto ecosystem. “Specifically, the four largest AI-adjacent crypto tokens by market cap (TAO, RNDR, AKT, WLD) are up 522% in the last year, outp...