China’s new AI regulations begin to take effect
China’s provisional guidelines for artificial intelligence (AI) activity and management in the country are scheduled to come into effect on Aug. 15. The regulations, which were...
SEC delays set deadlines for Bitcoin ETF approval to early 2024
The United States Securities and Exchange Commission (SEC) — the financial regulator with the final say over allowing a spot cryptocurrency exchange-traded fund (ETF) —...
Mining service provider faces $100M lawsuit over pyramid scheme allegations in China
Five executives from a Filecoin mining service are facing a lawsuit at the People’s Court of Pingan County in China over allegations that they pocketed...
Logan Paul under fire over $1 million bet proposal
Logan Paul will face Dillon Danis in a bocxing match on October 14. Paul, a social media personality and WWE star, is willing to bet...
Singapore central bank says three business days is ‘timely transfer’ for stablecoins
While blockchains continue to revolutionize payments by allowing instant transfers, Singapore’s central bank believes three business days is a “timely transfer” for single-currency stablecoins (SCS),...
Binance seeks court’s protection against US SEC’s probe
The US SEC charged Binance for offering unregistered securities in the United States. The SEC then went ahead to seek for the freezing of Binance.US...
Singapore central bank releases regulatory framework for stablecoins
Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.The Monetary Authority of Singapore...
Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case
Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam...
Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report
Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator. For...
Superseding indictment against Sam Bankman-Fried includes using $100M for campaign contributions
The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried, which includes allegations of campaign finance law violations as...