As the financial sector seeks to integrate the use of crypto, central banks are exploring possible ways to launch a digital currency. A survey conducted by the Bank for International Settlements (BIS) demonstrated that 94% of the central banks were working on…
X Corp.boss Elon Musk has dropped charges against OpenAI and its chief executive, Sam Altman. The decision came days before the San Francisco court announced its verdict on the case. The court was expected to determine whether it was appropriate to proceed…
On Tuesday the renowned artificial intelligence company Mistral raised $644 million in a Series B funding round. The fresh capital generated in the fundraising propelled Mistral’s value to reach $6 billion. The funding round was led by the Massacheusset headquartered venture capital…
The ever-evolving nature of crypto assets has attracted criminals to prey on the digital sector. The surge in crypto-related crimes has compelled key industrial players to share their insights on the causes of these crimes and the measures they can take to…
In a June 11 report, Crypto.com was pleased to announce the approval of the Virtual Assets Service Provider (VASP) registration in Ireland. The crypto exchange stated that the Central Bank of Ireland (CBI) approved its VASP early this week. Obtaining the VASP…
Months after the arrest of two Binance executives in Nigeria, theUS policy makers have teamed up calling for the officials’ release. The long waging war for the release of the head of financial crimes and compliance at Binance Tigran Gambaryan, the Nigerian…
The artificial intelligence (AI) technology has proven to be a transformative force in the financial sector by automating most of the accounting practices. A study conducted by the Bank for International Settlements (BIS) to examine AI adoption in banks demonstrated that central banks…
The President of Argentina, Javier Milei, is expected to tour the USA to meet with the CEOs of giant tech firms. An announcement conveyed by the President spokesperson Manuel Ardoni reveals that Milei will meet with top-level management of Google, Meta, OpenAI,…
As Hong Kong seeks to become the burgeoning crypto hub in Asia, the regulators have stepped up to create a safe and secure environment for trading digital assets. On Monday, the Hong Kong Securities and Futures Commission (SFC) revealed plans to conduct…
In its advanced update, the Texas State Securities Board (TSSB) has issued cease and desist orders to Arkbit Capital for engaging in unlawful crypto mining. The regulators noted that Arkbit Capital’s cloud mining activities violated the law. The TSSB financial examiner, Alexis…
On Thursday, the Binance executive Tigran Gambaryan was rushed to a hospital after fainting at a court in Abuja, Nigeria. According to Reuters, Gambaryan was arraigned in court on May 23 for money laundering charges. Justice Emeka Nwite ordered the Nigerian police…
The California based crypto exchange Coinbase revealed plans to restore the buying and selling of Ripple native token XRP for New York users. The new development will allow New York users to seamlessly trade their XRP tokens in one of the largest…
In a fireside chat with the cofounder of Ethereum, Vitalik Buterin, ignored the hype on the approval of Ether exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Buterin avoided commenting on the long-awaited approval of the ETH ETFs. However,…
The rise of crypto-related crimes has compelled vital market players to explore ways to address the issue. On May 22, leading crypto exchanges, tech firms, and advocacy teamed up to combat crypto crime. Coinbase, Kraken, Gemini, Meta, Ripple Labs, Match, and the…
In its advanced report, the US Securities and Exchange Commission (SEC) penalized Intercontinental Exchange (ICE) for failing to report a cyber attack incident. The ICE received a $10 million fine for breaching the law. The SEC claimed that ICE was hit by a malicious…
In its May 20 report, the Gala Games suffered a multimillion exploit. The Gala Games lamented that a lousy actor minted 5 billion of its native token Gala valued around $240 million. The exploit interfered with the Gala’s market performance, impacting huge…
On Monday, May 13, US President Joe Biden issued a desist order to a Chinese-based crypto miner MineOne Cloud Computing Investment company operating near Wyoming’s nuclear missile base. The president claimed that the operation of MineOne posed a threat to US national…
Following the resurgence of the crypto bulls, key market players have demonstrated their commitment to advancing their trading skills. In a May 7 update, the participants at Women in Tech Global Summit 2024 (WITG) revealed plans for a significant development on its…
The rise of crypto crime has forced law enforcers to explore ways to shield investors from exploitative activities. In a recent report, the South Korean regulators revealed plans to launch a crypto investigative unit to address the financial crimes in the region….
In its official publication, the US Department of Justice (DOJ) filed a motion challenging the plea of Tornado cash developer Roman Storm. Earlier this week, Storm urged the court to dismiss charges of his involvement in the Tornado Cash. Storm was indicted…
