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
Following the recent court verdict favouring XRP in the Ripple Labs lawsuit, the U.S. Securities and Exchange Commission (SEC) hints at a possible appeal. The regulator believes this decision contradicts established securities laws principles. Besides, it challenges the time-honoured Howey
Unveiled recently by US Senators Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, a controversial bill aims to apply stringent anti-money laundering (AML) measures to the nascent domain of decentralized finance (DeFi). However, the Crypto Council for Innovation (CCI),
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 European Union (EU) Council has adopted rules requiring crypto asset service providers to collect transaction data and forward it to tax authorities. The move reflects a global trend towards increased scrutiny and regulation of the cryptocurrency industry, though some
Democratic Presidential candidate Robert F. Kennedy Jr. has given cryptocurrencies his support, calling them “a major innovation engine.” The 69-year-old member of the Kennedy dynasty took to Twitter to outline his views on digital assets as his campaign for the
Publishers seeking to apply existing copyright laws to ChatGPT and other AI-generated works may face an uphill struggle. Copyright laws such as the European Union’s copyright directive ensure that media outlets have the right to seek fair compensation from social
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
Tech billionaire Elon Musk has once again made headlines with the creation of his new artificial intelligence company, X.AI Corp., reported the WSJ. This is not the first time the tech mogul has ventured into the world of AI, as
The United States has started contemplating regulation of AI, following the lead of China and Europe. AI has become the tech buzzword of the year, with multiple giants embracing this trend. The November launch of ChatGPT saw the AI-powered chatbot
AI has taken center stage in 2023 as it continues to expand into various fields. In the latest development, the technology is now being adopted for use in next year’s Olympic Games in Paris. The Games will see smart surveillance
As the US presidential election cycle begins to take shape, experts have started discussing the potential impact of AI on the outcome. While some believe that artificial intelligence could play a valuable role in improving the election process, others are
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