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SEBA Bank Rebrands to AMINA Bank, Shoots for Global Expansion
1.12.2023
Crypto-friendly Swiss-based SEBA Bank AG has announced its new brand identity: AMINA Bank AG. According to the press release shared with Cryptonews, the rebrand will not affect the bank’s current clients “other than encountering the new name.” It stated that, “All operations will be business...
MoonPay Appoints Former Coinbase Executive Mike Lempres to Its Board Amid Increased Regulatory Scrutiny
30.11.2023
Source: MoonPay Crypto startup MoonPay has announced the appointment of Mike Lempres, a former executive from Coinbase and Andreessen Horowitz (a16z), to its board of directors. On November 30, MoonPay announced that Mike Lempres will be joining the company’s board of directors to provide...
European Central Bank Official Warns: Crypto Entities to Face Stringent Banking Oversight
30.11.2023
Source: Adobe / nmann77 Andrea Enria, Chair of the supervisory board at the European Central Bank (ECB), has emphasized the need for rigorous regulation when crypto entities start resembling banks. In a recent interview with Germany’s Handelsblatt, Enria pointed to the challenges in supervising...
Philippines Securities Regulator Says Binance Is Operating Without a License
30.11.2023
Crypto exchange Binance is not a registered corporation in the Philippines hence its activities in the country are not above board, the Asian country’s securities regulator has said. The regulator warned of a possible jail term for individuals found enabling Binance’s activities in...
Sam Altman officially returns to OpenAI as Microsoft finally joins board
30.11.2023
Sam Altman addressed his employees in a company memo on Nov. 29, marking his official return to the top leadership position at OpenAI
Changpeng “CZ” Zhao Steps Down From Binance.US Board of Directors
28.11.2023
Binance founder and former CEO, Changpeng “CZ” Zhao, has stepped down from the company’s board of directors following his guilty plea to several federal charges last week. “CZ” steps down Zhao “has decided to step down from his role as Chairman of our Board of Directors and transferred his voting...
CZ Resigns as Chairman of Binance US, Signaling Strategic Shift
28.11.2023
On Tuesday, Binance US, the American branch of Binance.com, revealed that Changpeng Zhao (CZ), its former CEO, has relinquished his position as chairman of the board with immediate effect. The announcement emphasized that Binance US is fully functional and operates independently from Binance.com....
Additional Regulations May be Needed to Prevent Another FTX Style Catastrophe, FSB Report
28.11.2023
Additional regulation may be needed to prevent another FTX-style collapse according to a new report from the Financial Stability Board (FSB) released Tuesday, November 28th. The report’s goal The international financial monitoring body’s report particularly focuses on multifunction crypto-asset...
Changpeng 'CZ' Zhao Steps Down From Binance.US Board
28.11.2023
Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB
28.11.2023
A new report by the Financial Stability Board said further assessments of possible implications are required because "significant information gaps remain."
Sam Altman to Return Back to OpenAI: What’s Going On?
22.11.2023
Source: Pixabay Sam Altman, the ousted OpenAI founder, will return back to run the company as the CEO under a new board. In a bizarre reversal drama, the co-founder of the leading generative artificial intelligence startup will rejoin the company, days after he was pushed out of it. Per a post on...
OpenAI to rehire Sam Altman as CEO with new initial board members
22.11.2023
OpenAI says it has reached an agreement in principle for Sam Altman to return as CEO, with a new board including Bret Taylor as chairman, Larry Summers, and Adam D'Angelo
FTX-Linked Anthropic Declines OpenAI’s Merger and Leadership Offer
21.11.2023
Source: OpenAI / Anthropic Amid leadership changes at OpenAI, Anthropic, backed by FTX, has turned down an offer to merge and take on a leading role, according to The Information. The Information reports that after OpenAI’s board fired the former CEO Sam Altman, the company approached its rival...
505 of 700 OpenAI Employees Demand Board Resign Following Sam Altman Firing, Threaten to Walk
20.11.2023
505 OpenAI employees have signed a letter demanding the board of directors at the artificial intelligence company step down following the sudden ousting of co-founder, Sam Altman, on Friday. Over 500 OpenAI employees threaten to walk Kara Swisher, a podcaster for New York Magazine, tweeted...
OpenAI staff tells board to resign after Sam Altman ousting: Report
20.11.2023
505 out of 700 employees reportedly signed a letter stating that the board has undermined the company’s mission by firing Altman
A timeline of Sam Altman’s outing from OpenAI
20.11.2023
Here’s everything that’s happened since OpenAI co-founder Sam Altman was suddenly fired from his role as CEO
Openai Shakeup: Sam Altman Out as CEO, Worldcoin’s WLD Plunges
18.11.2023
Following the announcement by Openai, a firm dedicated to artificial intelligence (AI), that Sam Altman is stepping down, Worldcoin, a crypto venture backed by Altman, experienced a 13.5% decline in its native asset WLD compared to the U.S. dollar. Openai, in an open letter addressed to the public...
Fidelity Follows BlackRock, Files For Spot Ethereum ETF – Where Next for Ether (ETH)?
18.11.2023
Fidelity Investments Office / Source: Adobe Asset management giant Fidelity just filed a 19b-4 with the Chicago Board Options Exchange (CBOE) to set up a spot Ethereum exchange-traded fund (ETF) called the Fidelity Ethereum Trust, just one day after BlackRock filed to set up the iShares Ethereum...
OpenAI Ousts Sam Altman From CEO and Board Roles; Worldcoin Drops 12%
17.11.2023
Artificial intelligence (AI) company OpenAI ousted Sam Altman as CEO and from the board, the board of directors announced in a blog post Friday
California, Texas Among States Accusing GS Partners of Misleading Crypto Investors
16.11.2023
Multiple U.S. states have ordered GS Partners to halt operations, accusing the company of defrauding investors in a number of crypto schemes, including tokenized pieces of a Dubai skyscraper and stakes of metaverse property