Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting
Ohio Representative Jim Jordan, the Republican Party's nominee for Speaker, won the support of 200 of his colleagues in an...
Month: October 2023
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated. Federal Reserve...
Baidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’
The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images, and video. Baidu, one of...
South Korean regulator outlines steps to enhance digital asset legislation
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s...
US expands export controls for AI semiconductor chips to China
The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement,...
Europe’s AML regulations come at a high cost — for your privacy and otherwise
The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high....
Fantom Foundation hot wallet hacked for $550K
The Fantom Foundation lost $550,000 worth of cryptocurrency through a vulnerability in the official Fantom wallet. The Fantom Foundation, the...
Ethereum or Bitcoin: Which one is a better investment in 2023?
Although digital assets are volatile, some virtual currencies appeal to investors, as they are considered relatively safe investments because they...
Nishad Singh says there was ‘a lot’ he didn’t remember about FTX in 2022 — SBF trial
Sam Bankman-Fried's defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16. Lawyers...
Platypus Finance recovers 90% of assets lost in exploit
As per its agreement, project developers will not pursue legal action against the hacker. Decentralized finance (DeFi) protocol Platypus Finance...
7 crypto leaders share tips to help Web3 companies prep for tax season
Web3 companies face unique challenges when it comes to prepping for tax season, and they need to employ smart strategies...
Immutable delays $67M token vesting by another year
125 million IMX tokens allocated for developer rewards will be vested monthly starting July 2024. Immutable, an Ethereum layer-2 nonfungible token...
Binance.US asks users to convert USD into stablecoins for withdrawals
Binance.US users “may convert” their U.S. dollar funds to stablecoins or other digital assets to withdraw the funds from their...
Russian telecoms giant MTS announces ads service targeting Telegram users
Telegram denies that it has entered any advertising-related agreements with Russian companies. Russia’s largest telecommunications firm, MTS, claims it will...
Crypto investor protections won’t take effect in EU until late 2024
Crypto asset service providers may not benefit from full rights and protections afforded to them under MiCA until as late...
