Lulo Invest Newsletter #60

The Zimbabwean government is developing tailored crypto regulations and seeks input from local and international crypto businesses. The initiative aims to understand and manage the risks and benefits of the cryptocurrency ecosystem in Zimbabwe.

Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters showed on Thursday. The decree, due to be approved by cabinet later on Thursday, lays out fines of between 5,000 and 5 million euros ($5,400-$5.4 million) for insider trading, unlawful disclosure of inside information or market manipulation. The scheme, which moves within the framework laid out by a European regulation last year, designates Italy's central bank and market watchdog Consob as the authorities overseeing cryptocurrency activities to preserve financial stability and grant an "orderly functioning of markets."

The two suspects were interviewed under caution by the FCA and then released on bail.

EDF subsidiary Exaion helps industries with digital transformation by focusing on addressing the energy efficiency of data centers.

Spot bitcoin ETFs are expected to be approved by major wirehouses and large private bank platforms in the third and fourth quarters, the report said.

The IRB's Ops Token targets tax revenue leakage from crypto trading in Malaysia, aiming to boost tax efficiency and compliance among crypto businesses.

The crypto industry’s main complaint is that the SEC has not consistently provided guidance on how the Howey test applies to Ethereum or other similar cryptocurrencies.

The U.S. high court on Monday agreed to hear Nvidia’s appeal of a lower-court ruling in favor of a shareholder lawsuit that accuses the artificial intelligence (AI) chipmaker of crypto-related securities fraud.

Digital assets hedge fund says both presidential candidates see crypto voters as worth pursuing.

The AI buzz in crypto is yielding some huge investments.

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