Binance.US seeking to cut Changpeng Zhao’s majority stake: Report
Crypto exchange Binance US and its founder Changpeng Zhao (CZ) are reportedly looking for ways to reduce his stake in the firm, amid harsh scrutiny...
US Chamber of Commerce slams SEC’s ‘haphazard’ regulation efforts
The United States Chamber of Commerce has blasted the Securities and Exchange Commission (SEC) for its “haphazard, enforcement-based approach” to regulating the cryptocurrency industry on...
US House financial committee tells SEC they don’t like custody proposal
The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and Exchange...
Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly
The National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11. Previously, only Telebirr,...
‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase
Paradigm, the crypto investment firm led by Coinbase co-founder Fred Ehrsam, has petitioned to file an amicus brief in support of Coinbase’s case against the...
Watchdog sues SEC over FOIA access to docs on potential crypto conflict of interest
Watchdog group Empower Oversight Whistleblowers & Research (EMPOWR) has filed suit against the United States Securities and Exchange Commission (SEC) to force the agency to...
Odsy Network completes $7.5M seed round to decentralize access control in Web3
The seed round raised the Odsy Network valuation at $250 million. The round was led by Blockchange Ventures with participation of VCs, strategic partners, and...
EU draft AI Act updated with public facial recognition ban
Lawmakers in the European Union have forwarded legislation concerning artificial intelligence (AI) to the next phase after concluding a vote from two lawmakers’ committees.In a vote...
Binance looks to the UK for regulation amid US crypto crackdown
Crypto exchange Binance has acknowledged that a crackdown on cryptocurrencies has made it challenging to conduct business in the United States, and it is now...
Fiat-backed stablecoins could be used to post bail in New York under proposed bill
A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds. The partisan...