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Nalezeno "AI accountability": 48

Gemini Files Lawsuit Against Digital Currency Group and Barry Silbert Alleging Fraud and Deception

7.7.2023
After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had filed a lawsuit against DCG and Silbert in...

US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’

16.5.2023
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in...

US Judge: Government tokens to carry lawful accountability

31.3.2023
The DAOs that are responsible for governing the alleged decentralized crypto protocols happen to be looked upon as cooperatives. The members of these cooperatives take part in matters of making decisions, as well as, at times, sharing the profits amongst themselves. Observing this factor,...

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

14.3.2023
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally...

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

9.3.2023
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and...

Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal

7.3.2023
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to...

SEC-retly Failing: How the SEC Is Letting Crypto Down

16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...

Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

26.1.2023
Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes

Crypto Marketing Needs to Change. Let’s Make 2023 the Year for Influencer Accountability

17.1.2023
FTX was just like the ill-fated Fyre Festival: a hollow project fueled by mendacious influencer marketing, says Oxygen's Nemo Yang

Crypto industry was ‘judge, jury and executioner’ for FTX: Pompliano

18.11.2022
The crypto investor and Bitcoin bull said that in crypto, market forces tend to eliminate bad people as quickly as bad businesses

Fired Assassin’s Creed Director Surfaces At Pokémon Unite Company As Ubi Devs Renew Calls For Accountability

28.7.2022
It’s been two years since a workplace reckoning over sexual misconduct at Ubisoft led to numerous departures, resigniations, and firings. Now one of the people investigated has resurfaced. Ashraf Ismail, previously creative director on the hit Assassin’s Creed Valhalla, is now working...

Yield App Passes ‘Proof of Reserves’ Audit to Bolster Safety and Accountability of Deployed Digital Assets

31.3.2022
PRESS RELEASE. Yield App, one of the rising and most trusted digital wealth platforms, recently underwent a thorough ‘proof of reserves’ audit. The inspection was conducted by Armanino LLC, the firm responsible for auditing Kraken – one of the largest and most trusted...

Billionaire Carl Icahn Predicts a Recession or Worse — Says ‘There’s No Accountability in Corporate America’

24.3.2022
Billionaire Carl Icahn, the founder of Icahn Enterprises, has predicted that the U.S. economy could be heading into “a recession or even worse.” The famous investor warned of “a lot of trouble ahead” and “a rough landing.” Billionaire Carl Icahn Predicts...

Lawyer Accuses Huobi of Operating a Cryptocurrency Exchange That’s ‘Held Accountable Nowhere’

23.1.2022
Houbi Global, which is based in Seychelles, has been accused by lawyer Jonathan Levy of operating without accountability to any jurisdiction. The lawyer adds that the exchange’s physical address in the island nation is for mailing purposes only. Accountability Issues U.S.-based lawyer...

Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets

20.7.2021
On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre...

US government delves deeper into crypto accountability with $10M bounty

15.7.2021
The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments

ZelaaPayAE: UAE Will Now Have a Crypto Debit Card

25.1.2021
PRESS RELEASE. ZelaaPayAE, with a vision to build and improve the financial structure, introduces a Crypto Debit Card with the ability to be swiped not just in UAE but also globally. Partnering with Baanx, ZelaaPayAE is providing Mastercard enabled Debit Card featuring personalized cards with a...