OpenAI gets warning from Japanese regulators on data collecting
Officials in Japan are beginning to tighten their stance toward artificial intelligence (AI) after the country’s local privacy watchdog warned ChatGPT’s parent company about its...
DCG asks judge to consolidate class-action suits to avoid conflicting decisions
Venture capital firm the Digital Currency Group (DCG) and its CEO Barry Silbert have requested to consolidate two class-action lawsuits over alleged losses during the...
Qatar slammed for not taking enough action against crypto companies
The Financial Action Task Force (FATF) has slammed Qatar Central Bank (QCB) for making little effort to enforce its own regulations prohibiting virtual asset service...
Coinbase Derivatives Exchange set to roll out BTC and ETH futures
As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts.On June 1, Coinbase...
Michael Novogratz says Bitcoin will soon be ‘off to the races’
Bitcoin ended May down 8.0% – its worth month since November. Galaxy Digital CEO Michael Novogratz is still bullish on BTC. He explained why this...
Fed board issues order to Silvergate Bank as part of self-liquidation plan
The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s...
Money stored on mobile payment apps may not be FDIC insured, US watchdog warns
Keep your money in an insured account, not on an uninsured payment app, the United States Consumer Financial Protection Bureau (CFPB) warned Americans in a...
First Digital launches new USD-backed stablecoin
First Digital’s stablecoin FDUSD will be pegged on the US dollar and regulated in Asia, the Hong Kong-based company said. All reserves will be held...
SYS Labs announces mainnet launch for EVM-L2 platform Rollux
SYS Labs has scheduled the Rollux mainnet launch date as June 28, 2023. Rollux is an EVM-compatible Layer-2 scaling platform. The mainnet launch is expected...
MakerDAO votes to drop Pax Dollar (USDP) stablecoin from its reserves
The MakerDAO community has voted to ditch Pax Dollar (USDP) stablecoin worth $500 million from its reserves. Maker’s treasury holds roughly half of the USDP’s...