South Korean regulator outlines steps to enhance digital asset legislation
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s...
Year: 2023
US expands export controls for AI semiconductor chips to China
The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement,...
Europe’s AML regulations come at a high cost — for your privacy and otherwise
The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high....
Ethereum or Bitcoin: Which one is a better investment in 2023?
Although digital assets are volatile, some virtual currencies appeal to investors, as they are considered relatively safe investments because they...
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated. Federal Reserve...
Baidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’
The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images, and video. Baidu, one of...
Vitalik Buterin-linked biotech charity Kanro transfers $15M to fund grant
Blockchain analysts flagged the transfer claiming it was from Vitalik Buterin to crypto exchange Gemini. However, an Ethereum Foundation spokesperson...
Nishad Singh says there is ’a lot’ he doesn’t remember about FTX in 2022 — SBF trial
Sam Bankman-Fried’s defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16. Lawyers...
Crypto investor protections won’t take effect in EU until late 2024
Crypto asset service providers may not benefit from full rights and protections afforded to them under MiCA until as late...
Nishad Singh says there was ‘a lot’ he didn’t remember about FTX in 2022 — SBF trial
Sam Bankman-Fried's defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16. Lawyers...
Platypus Finance recovers 90% of assets lost in exploit
As per its agreement, project developers will not pursue legal action against the hacker. Decentralized finance (DeFi) protocol Platypus Finance...
7 crypto leaders share tips to help Web3 companies prep for tax season
Web3 companies face unique challenges when it comes to prepping for tax season, and they need to employ smart strategies...
Immutable delays $67M token vesting by another year
125 million IMX tokens allocated for developer rewards will be vested monthly starting July 2024. Developers of Ethereum layer-2 nonfungible...
Fantom Foundation hacked for an estimated $6.7M: Report
Fantom Foundation's wallet was reportedly drained of funds by a “Fake_Phishing” account. Fantom Foundation, developers of the Fantom network, have...
BTC price models hint at $130K target after 2024 Bitcoin halving
Bitcoin is due to double its current BTC price all-time high within two years of the April 2024 halving, the...
