Senator Elizabeth Warren urges collaboration in regulating crypto and AI, calling for a level playing field. US Senator Elizabeth Warren has expressed concerns about the need for similar regulations in artificial intelligence (AI), dominated by large technology companies, and the
In a year in which AI dominated virtually every economic sector, related cryptocurrency tokens soared in value as investors took positions in a technology that’s being viewed as the next big thing. The broader crypto market bounced back in November,
The United States Department of Justice (DOJ) has indicted David Gilbert Saffron, an Australian national, and Vincent Anthony Mazzotta Jr., a resident of Los Angeles, for running a sophisticated $25 million artificial intelligence crypto-trading Ponzi scheme. This bold action signals
Changpeng Zhao, better known as “CZ,” the founder of Binance, is stepping down as CEO. This news is part of a $4 billion settlement with the U.S. Department of Justice (DOJ). This decision has sparked intense reactions from investors and
Several U.S. states, including California and Texas, have taken decisive legal action against GS Partners. The company is accused of engaging in fraudulent investment schemes involving crypto assets. This case highlights the growing scrutiny of cryptocurrency operations and the steps
In the shadow of tightening U.S. sanctions, Nvidia is forging ahead with plans to unveil three new artificial intelligence (AI) chips designed for the Chinese market. These developments come amid a strategic pivot by Chinese tech giants towards domestic producers
In a recent revealing discussion, Sam Altman, the CEO of OpenAI, sounded the alarm on the U.S. government’s intensifying stance against cryptocurrencies. As crypto movements become more pronounced, Altman’s concerns revolve predominantly around the emergence of a surveillance state and
Vivek Ramaswamy has swiftly emerged as a figurehead for the crypto sector within the Grand Old Party (GOP) presidential race. A biotech entrepreneur by trade, Ramaswamy has cast himself in a new role: a crusader for crypto, promising sweeping changes
Former Deutsche Bank investment banker Rashawn Russell, 27, has pleaded guilty to investment fraud. The ex-banker admitted to running a scam cryptocurrency trading operation that plundered $1.5 million from investors. As a result, he faces up to 30 years in
In a landmark ruling, U.S. Bankruptcy Judge John Dorsey has given crypto exchange FTX the go-ahead to liquidate up to $3.4 billion in cryptocurrency assets. The decision sets a legal precedent and serves as a lifeline for FTX to repay
Payments processor PayPal is further integrating cryptocurrency into its services. The payments giant has now launched crypto-to-USD conversions (aka off-ramps) for customers in the U.S. According to a blog on the PayPal website, the off-ramp service will increase access to
Investors and crypto enthusiasts on the X platform (formerly Twitter) have been abuzz with questions and speculation after Genesis Global Trading announced it will be winding down its U.S.-based spot trading crypto services by Sept. 18. The move has left
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