Coinbase, one of the major cryptocurrency exchanges in the United States, has launched a firm rebuttal to the U.S. Securities and Exchange Commission (SEC). The crypto heavyweight filed an answer and a notice of intent to file a motion to
The UK has now passed into law the Financial Services and Markets Bill, which recognizes trading of cryptos and stablecoin as well as its safe adoption. The new law got a Royal Assent from King Charles 111 on June 29,
OpenAI was sued in a class action accusing the ChatGPT creator of stealing user data. The lawsuit seeks at least $3 billion in compensation, improved transparency, and a suspension in the commercial use of the widely popular AI chatbot, ChatGPT.
FTX, the troubled crypto exchange, has halted the sale of its stake in the AI company Anthropic. FTX holds Anthropic shares valued at more than $500 million. The pause adds another layer of complexity to FTX’s ongoing battle for asset
Pope Francis released a handbook on the ethics of artificial intelligence through the Vatican. He outlined a set of principles that technology companies such as ChatGPT creator OpenAI, should follow as they develop and deploy AI programs. The handbook is
Damus, a social networking app backed by Twitter co-founder Jack Dorsey, has dropped its bitcoin tipping feature after a run-in with Apple. After a two-week battle, Damus is dropping the “zaps” feature, which allowed users to distribute bitcoin rewards. Red
In a sudden twist to a complex regulatory saga, major cryptocurrency exchange FTX has filed a lawsuit against its former regulatory and compliance executive Daniel Friedberg. FTX accuses Friedberg of an illicit series of payments designed to silence whistleblowers from
The Shiba Inu community is reeling from the sudden suspension of Shibburn on Twitter. The unexpected crackdown has left thousands of SHIB enthusiasts demanding answers and seeking support from influential figures in the crypto world. As questions surrounding Twitter’s moderation
The U.S. Securities and Exchange Commission (SEC) is challenging Binance, one of the world’s largest cryptocurrency exchanges, in a landmark court hearing. But Binance continues to fight back. The SEC’s allegations of asset commingling and illegal operations by Binance.US and
OpenAI secretly lobbied the European Union (EU) to weaken large parts of its AI Act in order to reduce the company’s regulatory burden, according to a report from Time. In public, meanwhile, CEO Sam Altman travelled the world calling for
The Recording Academy have updated rules and regulations for the 2024 Grammys Awards. The rules stipulate that AI alone is ineligible to win the prestigious music awards. The ruling comes amid growing use of generative AI in the music and
Chinese President Xi Jinping met with Microsoft founder Bill Gates where the President reportedly told the tech billionaire that AI from the US was welcome in China. This is contrary to reports that have insinuated China was deliberately shutting out
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