Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to comply with the United Kingdom’s latest Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). These regulatory changes aim to promote transparency and fairness in promoting cryptocurrency products and services in the UK.Binance has introduced a […]
Ukraine’s Ministry of Digital Transformation has unveiled its regulatory roadmap for artificial intelligence (AI), with the aim of aligning with the European Union’s AI Act and educating citizens on AI risks. The roadmap takes a bottom-up approach, providing businesses with tools to prepare for future requirements before implementing any laws. The preliminary period for companies […]
Shiba Inu lead developer, Shytoshi Kusama, has responded to criticism from a community member about the lack of significant price change for the Shiba Inu token (SHIB) despite the team’s hard work. Kusama emphasized the importance of “true work” rather than unnecessary noise, stating that those who make the most noise are not necessarily the […]
Sam Bankman-Fried, the founder of crypto exchange FTX, is facing a fraud trial with serious allegations of misusing user assets. Caroline Ellison, who was previously in charge of hedge fund Alameda Research and had a relationship with Bankman-Fried, is set to testify against him, which could be a turning point in the trial. The trial […]
Billionaire investor Ray Dalio believes that the notion of “cash is trash” is no longer accurate in today’s macroeconomic landscape. Speaking at the Greenwich Economic Forum, Dalio stated that financial conditions have changed significantly in recent years, making cash a relatively attractive asset class, at least for the time being. He acknowledged that his previous […]
Major cryptocurrency exchanges Binance and OKX have announced their plans to comply with new financial promotion regulations in the United Kingdom. The Financial Conduct Authority (FCA) implemented the country’s new Financial Promotions (FinProm) Regime on October 8th, aiming to ensure fair and transparent crypto promotions. Binance has launched a new domain for UK users and […]
United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried had invested $500 million in the artificial intelligence startup, but the government alleges that the funds were misappropriated from FTX customer deposits. Anthropic has been seeking new […]
United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried, the former CEO of FTX, invested $500 million in the artificial intelligence startup in April 2022. The U.S. government alleges that the investment was made using misappropriated […]
US judge Analisa Torres has denied the SEC’s appeal in the legal battle between Ripple and the regulatory agency. The trial, which is scheduled for April 23, 2024, is seen as a crucial event for the cryptocurrency sector and future regulations in the US. Ripple’s recent legal victories have also led to a surge in […]
Ripple and Stellar are making significant strides in revolutionizing cross-border payments, and their partnership with SWIFT is a major milestone in the financial industry. Despite their different designs, both payment protocols share a common goal of enabling real-time settlement and low-cost international transfers. Ripple aims to transform the financial system and the future of finance, […]
