Regulation

Crypto Advocate Tom Emmer’s Bid for House Speaker Promises a Boost for Digital Assets: Here’s What It Means for the Industry

Crypto-friendly Republican Congressman Tom Emmer is actively seeking the nomination for the Speaker of the House position, receiving endorsements from various lawmakers. The move comes after the interim Speaker, Congressman Patrick McHenry, failed to push significant legislation through the House, including bills related to the crypto sector. Emmer’s pursuit was first brought to light by […]

News

Microsoft’s AI Revolution: Satya Nadella Unveils Ambitious Integration Plans for Every Customer Solution

Microsoft’s CEO, Satya Nadella, recently revealed the company’s ambitious strategy to infuse AI across its entire spectrum of services in his annual letter. Nadella highlighted that AI integration is a crucial step for the future, shaping not just Microsoft’s offerings but the entire business landscape. Nadella emphasized the significant role of AI in reshaping various […]

News

Mysterious Withdrawals Plague Customers at Prominent US Bank, Plunging Some Accounts Into Negative Balances

Customers at one of the largest American banks are reportedly witnessing unexpected withdrawals impacting their accounts. Reports of unauthorized withdrawals at Wells Fargo, labeled as “debit card pending correction,” began circulating on social media about a week ago. According to the CBS-affiliated news station WNCT, these unexplained charges have ranged from a few dollars to […]

News

Sanctions Crypto Exchanges in Gaza: US Foreign Assets Monitoring

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned a Gaza-based cryptocurrency exchange company suspected of having ties to the Palestinian militant group Hamas. On Wednesday, October 18, 2023 OFAC announced they were imposing sanctions on 10 key entities believed to be associated with Hamas, including its members, operatives and financial […]

Financial Technology

Enhancing Privacy in Digital Euro: Regulators Call for Anonymity in Small Transactions

On October 18, 2023, European data protection regulators shared their recommendations about the “digital euro,” a new digital currency proposed by the European Commission in July 2023. The aim is to improve how personal data is protected with this new currency. The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) made […]

News

Crypto Tax Regulations: Striking the Balance Between Compliance and Surveillance – Industry Experts Sound the Alarm

Paul Grewal, an executive at Coinbase Global Inc, recently voiced his concerns about the Treasury’s proposed regulations for taxing digital assets. He emphasized that these rules could stifle innovation and fairness in the industry, urging those who share these concerns to oppose the regulations. Grewal emphasized that the rules might put digital assets at a […]

Generative AI

Dismantling Deepfakes: OpenAI’s New Tool Marks a 99% Success Rate in Combatting AI Deception

OpenAI, known for its advancements in generative AI, has revealed a new deepfake detection tool designed to tackle the surge of misleading content on social media. Presented at the Wall Street Journal’s Tech Live conference in Laguna Beach, California, OpenAI’s Chief Technology Officer, Mira Murati, unveiled the tool claiming it can reliably identify AI-produced images […]

News

90% of Customer Funds Will Be Refunded by FTX

Bankrupt crypto exchange FTX submitted an amended proposal to return up to 90 percent of creditor holdings held on the exchange before it went bankrupt in November 2022. Quoted from Yahoo Finance, Wednesday (18/10/2023), the debtor group currently overseeing the bankruptcy process will officially submit a plan no later than December 16 2023 to the […]