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Business

Binance.US sheds CEO, another 100 staff while ducking SEC probe
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14 September, 2023

Binance.US sheds CEO, another 100 staff while ducking SEC probe

Apart from the departure of another of its execs, CEO Brian Shroder, Binance.US slashed one-third of its staff, stressing that...
Craig Wright not in contempt over incomplete financial forms, US Judge Bruce Reinhart rules
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14 September, 2023

Craig Wright not in contempt over incomplete financial forms, US Judge Bruce Reinhart rules

Magistrate Judge Bruce Reinhart has ruled that Dr. Craig Wright is now in compliance with a court order demanding that...
France introduces new certificate for influencers in finance, ‘crypto’
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14 September, 2023

France introduces new certificate for influencers in finance, ‘crypto’

Two French regulators have teamed up to launch the Responsible Influence Certificate, which requires its holders to reveal if they...
Reserve Bank of India urges self-regulatory body for fintech firms
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14 September, 2023

Reserve Bank of India urges self-regulatory body for fintech firms

RBI Governor Shaktikanta Das encourages Indian fintech firms to create a self-regulatory organization (SRO) for innovation and consumer protection, aiming...
Baidu announces 70 new AI models in China amid new regulations
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14 September, 2023

Baidu announces 70 new AI models in China amid new regulations

Baidu is launching 70 AI models in response to new Chinese regulations, focusing on generative AI and large language models.
Google commits $20M to responsible AI initiatives
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13 September, 2023

Google commits $20M to responsible AI initiatives

Google's Digital Futures Project allocates $20 million to support responsible AI research and policy solutions, partnering with universities and think...
Luno ceases service for some UK customers amid tough new rules: report
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13 September, 2023

Luno ceases service for some UK customers amid tough new rules: report

Luno told one news outlet that the Financial Conduct Authority’s new rules, taking effect in October, necessitate a business review...
US comprehensive AI regulation in the horizon following new bipartisan framework
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13 September, 2023

US comprehensive AI regulation in the horizon following new bipartisan framework

U.S. lawmakers are proposing a comprehensive AI regulation blueprint for licensing, oversight for generative models, facial recognition, and developer liability;...
Thodex exchange founder sentenced to 11,000 years in prison
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13 September, 2023

Thodex exchange founder sentenced to 11,000 years in prison

Thodex went bust with over $2.6 billion, according to blockchain sleuths, and Turkish prosecutors requested the court imprison the founder...
Ripple bails out Fortress Trust after hackers steal customer assets
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13 September, 2023

Ripple bails out Fortress Trust after hackers steal customer assets

Ripple's Brad Garlinghouse recently declared that Fortress Trust's Purcell had "built an impressive business with recurring revenue and a strong...
SEC’s Gary Gensler  gets praise and criticism at Senate Banking Committee hearing
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13 September, 2023

SEC’s Gary Gensler gets praise and criticism at Senate Banking Committee hearing

A recent hearing at the Senate Banking Committee saw Gary Gensler grilled on the SEC's track record, highlighting contrasting attitudes...
Bank for International Settlements launches blockchain sustainable finance initiative
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13 September, 2023

Bank for International Settlements launches blockchain sustainable finance initiative

Leveraging the power of emerging technologies, the Bank for International Settlements and the United Arab Emirates open a competition that...