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Sam Bankman-Fried “doubled down” by buying Binance’s stake in FTX — U.S. prosecutors

1.11.2023
The prosecution is delivering its closing arguments at the Southern District Court of New York, where Sam Bankman-Fried’s trial has been taking place since Oct. 3

"That's fraud," prosecutors say in closing arguments at SBF trial

1.11.2023
The U.S. government delivers its closing arguments in New York to convince the jury that Sam Bankman-Fried is guilty of fraud and conspiracy to commit fraud

BitGo Secures Digital Asset Custody License in Germany

1.11.2023
Digital assets custody firm BitGo has obtained a cryptocurrency custody license from the German Federal Financial Supervisory Authority (BaFin). According to a recent press release, the cryptocurrency firm has been granted a full license in Germany following years of operations in the country...

UK AI Safety Summit begins with global leaders in attendance, remarks from China and Musk

1.11.2023
The U.K. AI Safety Summit concluded its first day with a common declaration, the U.S. announcing an AI safety institute, China willing to communicate on AI safety and comments from Elon Musk

PayPal scores UK crypto license after brief local Bitcoin buy halt

1.11.2023
Licensed by the FCA on Oct. 31, 2023, PayPal has requirements or restrictions placed on the financial services activities that it can operate

Bruno Block, Founder of Oyster Pearl, Receives Four-Year Prison Sentence – Here’s Why

1.11.2023
Amir Elmaani , the 31-year-old founder of Oyster Protocol, has been handed a maximum prison sentence of four years for tax evasion. In a Tuesday announcement, the United States Attorney’s Office said that Elmaani, also known by the alias “Bruno Block,” received this sentence after...

GAO finds controversial SEC guidance is subject to congressional oversight

31.10.2023
The SEC’s Staff Accounting Bulletin 121 has been the target of much criticism in the crypto community

Biden Administration Issues Landmark AI Executive Order

31.10.2023
United States president Joe Biden has issued an executive order to establish new rules and standards that artificial intelligence (AI) companies will have to follow to secure the leadership of America in the field. The executive order also ostensibly seeks to protect the privacy of citizens...

Crypto startup Bastion secures money transmitter licenses in US

31.10.2023
Launched in September by two former Andreessen Horowitz executives, Bastion has acquired its first two money transmitter licenses in New Hampshire and Arkansas

Crypto’s phoenix moment: Rising stronger amidst scandals and volatility

31.10.2023
Despite the remaining challenges and uncertainties, there emerges a guarded optimism enveloping the sector, symbolizing its resilience and adaptive nature

TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content

31.10.2023
Major social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generated abusive content such as explicit images of children

Crypto asset manager Valkyrie amends spot Bitcoin ETF filing

31.10.2023
With the latest spot BTC ETF amendments by Valkyrie and VanEck joining at least six others to make similar changes, five other spot Bitcoin ETF filings are yet to be amended

Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit

31.10.2023
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws

SBF claims innocence, contradicts other witnesses: Law Decoded

30.10.2023
Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court

Biden administration releases executive order for new AI safety standards

30.10.2023
The U.S. government’s executive order establishes six new standards for AI safety and security and its intentions for ethical AI usage within the government

UK Government Rolls Out Final Proposals for Stablecoin Regulation

30.10.2023
The United Kingdom has released proposals for a stablecoin framework alongside wider industry regulations in a bid to position the country as an investment destination and to protect users. In an Oct 30 release, His Majesty’s Treasury published a set of guidelines for regulating...

Singapore’s Central Bank Joins Forces with Monetary Authorities in Japan, Switzerland, and the UK for Joint Digital Asset Pilots

30.10.2023
Singapore’s central bank has announced plans to collaborate with monetary authorities in Japan, Switzerland, and the United Kingdom for joint digital asset pilots. In a Monday press release, the Monetary Authority of Singapore (MAS) announced that it will collaborate with the Financial...