Biotech firm Propanc secures $100m for digital asset acquisition

The post Italy passes law on AI outlining privacy and child access appeared on BitcoinEthereumNews.com. Italy has formally passed a sweeping new law to regulate artificial intelligence, becoming the first member of the European Union to roll out comprehensive legislation in step with the bloc’s landmark AI Act. The Italian Senate granted final approval after a year of debate, concluding what Prime Minister Giorgia Meloni’s government described as a decisive step in shaping how new technologies are deployed across the country. Italy sets tough penalties for offenders The legislation, ministers argue, lays out the boundaries for human-centric, transparent, and safe use of AI while balancing the need to foster innovation, cybersecurity, and economic growth. The law casts its net widely, and it stretches into healthcare, schools, the justice system, workplaces, sport, and the public sector. AI access for children under 14 has also been tightened, and it now requires parental consent. “This law brings innovation back within the perimeter of the public interest, steering AI toward growth, rights and full protection of citizens.” Alessio Butti, the undersecretary for digital transformation. Lawmakers also opted for a hard line on abuses. A new offence has been added to the criminal code covering the unlawful spread of AI-generated or manipulated content, such as deepfakes. Anyone found guilty faces between one and five years in prison if their actions cause harm. Using AI to commit fraud, identity theft, market manipulation, or money laundering will now be treated as an aggravating circumstance, raising potential sentences by a third. Judges remain the sole authority in legal rulings, though courts are empowered to demand rapid takedowns of illicit material. Government agencies to oversee its implementation Responsibility for enforcing the regime lies with the Agency for Digital Italy and the National Cybersecurity Agency, though existing financial watchdogs such as the Bank of Italy and Consob retain powers in their own spheres. The Department…

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…

The post Trump Drops $400-Billion Dividend Bombshell For Americans — Crypto Market Erupts appeared on BitcoinEthereumNews.com. US President Donald Trump’s latest promise of a tariff-funded “dividend” sent shockwaves through markets Monday, and traders in digital assets moved quickly to price in the possibility of extra cash in American pockets. The plan would pay at least $2,000 to most adults and has been described as part of a broader push to use tariff receipts for direct payments. Tariff Dividend Sparks Market Moves According to reports, the proposal is being presented as a way to convert tariff revenue into direct payments to citizens, with proponents linking the move to stronger consumer spending and higher risk appetite among investors. Trump said the government could afford the new payout because tariffs had brought in massive revenue and because factories across the country were attracting record levels of investment. He mentioned that the money would go to most Americans, except those earning higher incomes. “People that are against tariffs are fools,” Trump wrote in his Truth Social post. “We are taking in trillions of dollars and will soon begin paying down our enormous debt, $37 trillion.” Trump also pointed to record highs in 401(k) savings and the stock market, saying tariffs helped the economy grow instead of slowing it down. The figure being cited publicly as backing for the program is about $400 billion, though analysts and budget experts say the math and legal pathway remain unclear. Crypto Prices Tick Higher The cryptocurrency market reacted within hours following news of the dividend. Bitcoin climbed above $106,000, while Ether moved into the mid-thousands, reflecting a short, sharp lift in sentiment among traders who expect fresh liquidity could flow into risk assets. These price moves followed a week when some crypto indexes had fallen sharply, so the announcement helped reverse part of that pullback. Market watchers said the reaction was driven more by…