Crypto Daily Roundup, 27 Nov: BTC Hold stable Amid Altcoin Turmoil

Cryptocurrencies with the highest gains in the past 24 hours:

TOP 5 Gainers Coins

Crypto News Key Highlights:

Cosmos founder Jae Kwon opposes ATOM production reduction vote success, plans hard fork as AtomOne. New network prioritizes autonomy, decentralization. Cosmos Hub's inflation reduction decision sparks debates on staking yield impact. Kwon seeks $ATOM integration, emphasizes README improvement, and invites tokenomics experts.

The US, UK, Australia, and 15 nations release global guidelines for AI model security, emphasizing a "secure by design" approach. Recommendations include tight infrastructure control, pre and post-release model monitoring, and staff cybersecurity training. The guidelines aim to address security gaps in the rapidly evolving AI industry.

Circle partners with SBI Holdings to expand USD Coin (USDC) adoption in Japan. The collaboration includes a strategic MOU, leveraging SBI's efforts for electronic payment service registration. The move aligns with Japan's regulatory developments, fostering stablecoin use and advancing towards a Web3 economy.

Binance's Changpeng Zhao faces potential obstacles despite settling with the DOJ for violating AML laws. Legal challenges include potential travel restrictions, uncertainties about sentencing, and debates over the severity of punishment. Industry relevance and concerns over deterring future money laundering in the crypto space add complexity to the case.

In a historic move, 18 countries, led by the UK and the US, release guidelines for secure AI development, emphasizing a "secure by default" approach. The collaborative effort aims to address cybersecurity challenges and prioritize security throughout the AI development life cycle.

ECB President Christine Lagarde warns of cryptocurrency risks, citing her son's 60% loss in a recent town hall. Advocates for stringent global regulations due to concerns about illegal activities and speculation. ECB also focuses on developing a digital euro for a safer, regulated alternative to private cryptocurrencies.

Infamous crypto wallet-draining service, Inferno Drainer, announces shutdown after aiding phishing scams in stealing nearly $70 million this year. The team plans to keep files and infrastructure active for users transitioning to other services. Blockchain security deems it one of the most damaging phishing kits.

"Rich Dad Poor Dad" author Robert Kiyosaki urges investors to shift from traditional assets to gold, silver, and Bitcoin, predicting Bitcoin to reach $135,000. He emphasizes getting out of the "fake money system." Gold surpassing $2,000 is highlighted, attributing its rise to factors like a weakened U.S. dollar.

Coinbase stock reaches a new yearly high, hitting $116.93 from $77 at the month's start, driven by anticipation of SEC approval for a spot bitcoin ETF. Despite the surge, it remains lower than 2021 levels. Meanwhile, Binance CEO Changpeng Zhao resigns and pays $50 million in a $4.3 billion settlement for violating US anti-money laundering rules.

Zipmex Thailand abruptly shuts down operations in response to SEC requirements, ceasing trading and deposits. Withdrawals will continue until January 31, 2024, with customers required to contact customer service for withdrawals after that date. The move follows SEC scrutiny, and financial setbacks including the failure of a $100 million purchase.

Also read - 24 Crypto Update, 26 Nov: BTC in a Standstill, Terra Classic Surges!