In a turn of events that has stunned the crypto world, Multichain, a prominent cross-chain protocol, is ceasing operations. The unexpected shutdown follows the arrest of its CEO, Zhaojun, in China, an incident that has sent uncertainty through the global
Chinese government has finalized a friendlier set of rules to govern generative AI systems like OpenAI’s ChatGPT at a time the world over is seized with discussions on regulating the sector. The new set of rules should come into effect
The U.S. Federal Trade Commission (FTC) launched an investigation into OpenAI over potential violations of consumer protection laws related to its AI chatbot ChatGPT, which is accused of spreading false information and flouting data privacy rules. According to a report
Alex Mashinsky, the founder and former CEO of Celsius Network, is in police custody following his arrest on Thursday. Mahinsky faces multiple fraud charges, joining a growing list of former crypto CEOs in trouble with the law – including Sam
A U.S. judge ruled Thursday that Ripple Labs Inc. did not violate federal securities law when it sold some of its XRP token on public crypto exchanges. The ruling is only partial, but it is being celebrated as a landmark
In a bold testament to the unpredictable dynamics of cryptocurrency markets and its related stocks, the value of Coinbase Global Inc. has more than doubled this year despite intense regulatory scrutiny. The cryptocurrency exchange’s resilient performance seems to have caught
OpenAI’s creation ChatGPT has drafted a law to regulate AI in Costa Rica after lawmakers in that country turned to the chatbot as the need to regulate the AI industry intensifies. This comes as world leaders are seized with discussions
A wave of support for increased transparency in the crypto space is building, ignited by recent remarks from Gabriel Shapiro, General Counsel at Delphi Labs. In a contemporary twist on the traditional world of finance, Shapiro champions a “13D-style” approach
Amidst concerns of a potential multimillion-dollar exploit, the Multichain MPC bridge platform has experienced abnormally large outflows, triggering alarm among observers and blockchain security experts. On July 6, a series of substantial withdrawals from the Multichain bridges caught the attention
French President Emmanuel Macron has suggested to cut off social media platforms like TikTok amid violent riots in the country, sparking widespread criticisms from the public. The suggestions are on the back of violent demonstrations, which erupted in the country
The Australian Securities and Investments Commission (ASIC), the regulatory authority responsible for overseeing financial markets in Australia, has reportedly conducted searches at the offices of Binance Australia. This development comes as ASIC expands its investigation into the exchange’s derivatives operations,
The landscape of the cryptocurrency industry is no stranger to controversies. The recent dispute between Gemini’s co-founder Cameron Winklevoss and the Digital Currency Group’s (DCG) CEO Barry Silbert is a striking case in point. Now John E Deaton, the founder
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