EU Countries Approve New Act to Advance AI Development
On 2nd February, Germany and France withdrew their objection to allowing advanced AI development. The EU has proceeded to further the regulations for AI projects....
FTX to Sell Its Entire Stake in AI Firm Anthropic
FTX exchange recently added a motion to sell the entire stock of an AI startup named Anthropic. The stake accounts for 8% of the total...
Argentina Eliminates Crypto Regulation as President Milel Rollouts New Economic Forum
The asset governing clause has been removed from the Law of Bases and Starting Points for the Freedom of Argentines. The decision to sanction crypto...
Genesis Settles SEC Lawsuit for $21M
Genesis lawyers have proposed a 14th February hearing to settle the case with SEC. The firm intends to nominate the settlement contract as part of...
Bybit Applies for VATP License in Hong Kong
Bybit, one of the biggest cryptocurrency exchanges in the world has applied for a VATP license with the Securities and Futures Commission of Hong Kong...
Crypto Exchange OPNX Established by Founders of Bankrupt Three Arrows Capital Shutting Down
Considered a ‘home for persons affected by crypto catastrophes,’ the Open Exchange is ready for its end. In an email to clients, the Open Exchange,...
Bitpanda Unveils Institutional Crypto Platform with Cold Storage
Bitpanda Wealth utilizes Bitpanda’s proprietary custody solution. It leverages cold storage to secure assets. Bitpanda, an Austrian fintech unicorn, is responding to the rising desire...
Global X Terminates Spot Bitcoin ETF Pursuit
Global X sets an undesired record in becoming the first applicant for the spot Bitcoin exchange-traded fund (ETF) to withdraw a bid. The withdrawal surfaced...
Hester Pierce Faults SEC’s Settlement Gag Rule for ‘Denting Regulatory Principles’
Hester Pierce notes that the SEC often uses settlements to resolve enforcement actions. However, this prevents defendants from expressing themselves. According to a commissioner, a...
China to Unveil Amended Crypto AML Guidelines
China plots holistic amendment to its anti-money laundering (AML) guidelines to incorporate cryptocurrency-associated transactions. This is happening amid calls by the nation’s legislators for improved...