Gary Gensler, the U.S. Securities and Exchange Commission Chair, says that unless AI is brought to heel, the technology may lead to a financial crash before the decade is out. Gensler went on to add that an AI crash is
As the rapid surge of artificial intelligence (AI) continues globally, China has signaled a pivotal move to fortify its stance on training generative AI models. Due to the world’s increasing dependence on AI, China’s new directives have captured international attention
Generative AI has garnered a lot of hype this year, but analysts see this fading in 2024 due to the high costs of running the technology coupled with regulation. An analyst firm predicts that such issues could point to a
Major media outlets have seen a dramatic decline in referrals from Meta-owned Facebook and X, formerly Twitter, over the past year after social media platforms made changes to how they deal with news companies, Axios Media Trends reports. According to
In a time of economic flux and changing financial landscapes, the recent Shanghai Second Intermediate People’s Court report stands out as a significant moment for the crypto world. Daring to challenge China’s traditionally restrictive views on digital currencies, the court’s
In a significant development for the long-standing Mt. Gox saga, the Rehabilitation Trustee, Nobuaki Kobayashi, has officially extended the deadline for repaying creditors to October 2024. This delay marks another twist in the turbulent history of the defunct Bitcoin exchange,
MicroStrategy and Tesla are among the expected beneficiaries of a rule change that will allow U.S. companies to count crypto gains on their balance sheets for the first time ever. Crypto proponents argue this makes ownership of crypto assets a
Telegram, the popular messaging app, has recently reignited investor interest by unveiling its long-anticipated crypto wallet, TON Space. Built on The Open Network (TON) blockchain, this move fuels optimism for TON’s long-term viability and marks a new phase for Telegram
Binance US CEO Brian Shroder has announced his resignation amid a wave of layoffs. The company is slashing its workforce by a third, letting go of 100 employees. Brian Shroder’s departure marks the third CEO change for Binance US since
The U.S. Commodity Futures Trading Commission (CFTC) has unleashed a series of penalties against prominent decentralized finance (DeFi) platforms, including Opyn, 0x, and Deridex, citing breaches of federal digital asset derivatives trading laws. These actions have ignited a heated debate
Genesis Global Holdco LLC, the crypto lender in financial distress that filed for bankruptcy earlier this year, has launched a lawsuit against its parent entity, Digital Currency Group (DCG), along with DCG International Investments Ltd. This lawsuit has been officially
Ryan Salame, the former co-CEO of FTX Digital Markets, recently entered a guilty plea in a U.S. District Court for defrauding the United States Federal Election Commission (FEC) and conspiring to operate an unlicensed money-transmitting business. His plea follows a
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