Negotiators in the European Union (EU) are discussing the possibility of imposing additional regulations on large artificial intelligence (AI) systems, such as OpenAI’s GPT-4, as part of the forthcoming AI Act. The aim is to strike a balance between not burdening new startups with excessive regulations while keeping larger models in check. The agreement on […]
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 […]
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 […]
The Australian Freight & Trade Alliance (FTA) is considering a partnership with Ripple, a fintech company known for its blockchain-based payment solutions. FTA Director Paul Zalai expressed openness to collaboration with Ripple, and while no formal announcement has been made, the international trade sector in Australia is taking notice. Ripple had previously approached the FTA […]
David Schwartz, Ripple’s Chief Technical Officer (CTO), has called for XRP Ledger (XRPL) validators to support the Automated Market Maker (AMM) feature, but only if there is consensus within the community. On X (formerly known as Twitter), Schwartz initiated a discussion on the XRPL’s AMM feature, referring to it as an intriguing DeFi innovation. The […]
Ripple and the U.S. Securities and Exchange Commission (SEC) have been directed by U.S. District Judge Analisa Torres to work out a possible settlement. This is set for April 16, 2024, and both parties and their legal representatives are obligated to convene for an in-person meeting. The SEC stands to gain more with legal experts […]
John Deaton, an XRP holder’s attorney and crypto advocate, has criticized supporters of former FTX CEO Sam Bankman-Fried (SBF) during his ongoing trials related to the collapse of their crypto venture. Deaton expressed on his official X platform that individuals characterizing SBF as a well-intentioned individual who made “errors” and attributing the company’s rapid expansion […]
