On Thursday, a group of US bipartisan senators agreed to put together a bill that, if passed, would make it illegal for anyone to make an AI replica of another person without their consent. The new bill, which will become
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
The United States Securities and Exchange Commission (SEC) recently moved significantly in the crypto space, announcing an agreement with crypto trading platform Bittrex and its co-founder and former CEO, William Shihara. The SEC accused Bittrex and Shihara of operating an
Effective October 3, Revolut, a leading fintech firm headquartered in the UK, will cease all cryptocurrency-related services for its clientele in the United States. The decision comes in response to the escalating intricacy and unclear nature of the US regulatory landscape
Meta Platforms is gearing up to introduce AI-powered chatbots with distinct personalities in a move aimed at improving user engagement and retention on its platforms. The chatbots are reportedly scheduled for a September release and will be responsible for offering
The recent move by the Russian Federal Assembly, notably the State Duma, propelling the digital ruble bill into law is an undeniable step toward a digital financial revolution. The bill passed through the lower chamber successfully, and now, with President
The Financial Stability Board (FSB), the swiss regulatory organization, has recently finalized a comprehensive regulatory framework for crypto-asset activities. FSB’s framework aims to promote international consistency and ensure that crypto-assets and stablecoins are subject to appropriate and comprehensive regulation, aligned
SEC has begun its extensive investigation into companies dealing in digital assets by filing a lawsuit to freeze the assets of Binance.US and suing Coinbase in the process. The two recent enforcement actions show the seriousness of the SEC in
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
Police in China have arrested a man for publishing a fake train accident story written using ChatGPT. It marks the first time that anyone has been arrested for using the AI chatbot, not only in China where ChatGPT is illegal
Leading US-based cryptocurrency exchange Coinbase may consider moving its headquarters outside of the country. The crypto industry in the United States is currently experiencing uncertainty due to unclear regulations. This uncertainty has led many crypto companies to consider relocating or
China is experiencing a booming illicit market for OpenAI’s ChatGPT, as demand soars in that country, shaking its generative AI industry. OpenAI launched ChatGPT in November to immediate success, which has made other tech companies rush to create their own
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