In a recent analysis by data agency CCData, the South Korean digital asset platform, Upbit has surpassed leading global exchanges, Coinbase and OKX, in spot trading volume. This shift coincides with the ongoing regulatory challenges faced by Binance, the largest
The U.S. Securities and Exchange Commission (SEC) has delivered its verdict on what is and is not a security, and the financial governing body has ruled that if it’s a cryptocurrency that’s not called Bitcoin – it’s a security. The
Despite the ongoing ambiguity within the U.S. legislative landscape concerning cryptos, Senators Cynthia Lummis and Kirsten Gillibrand’s proposed bill addressing the matter has been met with resistance from influential figures within the crypto space. Mr. Huber, a voice within the
At the National Press Club on July 17, Gensler acknowledged AI as a technology as transformative as the internet and mass automobile production but raised important questions about its potential impact on societal structures and global financial stability. The SEC
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,
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
Germany’s Federal Office of Justice (BFJ) has initiated action against Twitter, arguing the popular microblogging site failed to deal effectively with illegal content. “The Internet is not a lawless space,” said Marco Buschmann, Minister of Justice. He says Twitter failed
U.S. Department of Justice (DOJ) antitrust chief Jonathan Kanter warned that the growth of AI technology will “not escape regulatory scrutiny” because of the potential competitve dangers that could arise from its use. Kanter, who heads the DOJ’s Antitrust Division,
The European Union antitrust chief Margrethe Vestager warned Thursday that her team is on guard to curb potential competition abuses in the metaverse and in AI. “It’s already time for us to start asking what healthy competition would look like
Meta, Facebook and Instagram’s parent company, has reportedly won court approval for the acquisition of VR fitness app Supernatural’s maker, Within, after the Federal Trade Commission attempted to block the deal. Also read: Lawsuit Filed Against Meta, Snap, TikTok for Mental
Irish data protection watchdog – Data Protection Commission (DPC) has fined Meta €390M ($413M) over use of data targeted for advertisements in latest crackdown on privacy. Also read: GPTZero Claims to Detect Chatbot Content This follows conclusion of two enquiries
The US Federal Trade Commission (FTC) has slapped Epic Games, the maker of Fortnite, with $520 million in fines. Part of the money will now be used to reimburse gamers and their parents with a Fortnite refund. Epic Games to
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