Regulation

As the start date of the trial of FTX co-founder Sam Bankman-Fried (SBF) approaches, new court filings indicate that SBF could pay his expert witnesses more than $1000 an hour should they testify on his behalf. SBF may call seven expert witnesses to testify at his fraud trial that is currently scheduled for Oct. 2,

Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1. The rules targeting virtual asset service providers were first introduced by the Financial Conduct Authority on Aug. 17, and see to it that VASPs based in the

Regulators in the United States have asked Nvidia to curb exports of artificial intelligence (AI) chips to “some Middle East countries,” according to its latest quarterly report.  In the report released on Aug. 28, the company said the new regulations affect its A100 and H100 chips, which help enhance the speed of machine-learning tasks. Nvidia

Four China-based tech companies launched their own artificial intelligence (AI) chatbots on Aug. 30 for public use after receiving approval from the Chinese government. Baidu, Baichuan Intelligent Technology, SenseTime and Zhipu AI all launched their chatbots less than two weeks after the government’s official AI legislation was enacted on Aug. 15, which requires government approval prior

Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to 75% from an earlier 65%

The United States Copyright Office issued an official request for comments and notice of inquiry on copyright and artificial intelligence (AI) in the Federal Register on Aug. 30.  The Copyright Office issued a notice of inquiry in the Federal Register seeking public comment on questions about copyright law and policy issues raised by AI systems.

Stronghold Digital Mining, a Pennsylvanian crypto-mining company, is currently seeking approval to produce up to 15% of its energy using shredded tires, at its Panther Creek plant in Nesquehoning. Local environmental activists are preparing to oppose the initiative.  We are calling on state regulators and DEP with @earthjustice @pennfuture to deny a permitting request from

The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on Grayscale Investments’ Bitcoin spot ETF application. The United States Securities and Exchange Commission (SEC) rejection of the application was overturned. The decision was “a slaughterfest of the SEC arguments,” Cinneamhain Ventures founder Adam Cochran

The legal team representing the United States Securities and Exchange Commission in its civil case against Binance is requesting the court grant a motion to allow documents filed under seal. In an Aug. 28 filing in U.S. District Court for the District of Columbia, the SEC petitioned a federal judge for leave to file documents

Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an in-principle agreement with creditors of its crypto lending subsidiary, Genesis. According to a court filing published on Aug. 29, the estimated USD equivalent recoveries could account for 70% to 90% for unsecured creditors, should the amended plan be consummated.

The United States Internal Revenue Service (IRS), which is responsible for tax collection in the United States, has released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to simplify tax filings and cut down on tax cheating. According to

Google plans to update some of its service policies to comply with the European Union’s Digital Services Act (DSA), according to an Aug. 24 blog post.  The Big Tech giant said it had made “significant investments” in various areas to comply with the DSA’s specific requirements. It plans to expand its Ads Transparency Center, researchers’

At least two major crypto exchanges followed Binance by excluding Russian banks under international financial sanctions from their payment options. Tinkoff Bank and Sberbank are no longer available on the list of peer-to-peer (P2P) transactions on Bybit and OKX. According to Russian media, local users can no longer receive fiat money in exchange for their

Crypto exchange Binance has removed “yellow” and “green” payment options from its peer-to-peer (P2P) service after being criticized for using these code words to represent sanctioned Russian banks, Cointelegraph confirmed on Aug. 25. Payment method searches for color-themed code words result in no hits. Source: Binance Binance’s peer-to-peer exchange service is a message board allowing

An individual calling themselves Nadir Hajarabi, who claims to have previously worked for Worldcoin, has alleged the human identity verification project may have committed illegal acts during their employment. In an Aug. 23 YouTube video, Hajarabi said they witnessed “very questionable” activities at Worldcoin (WLD), including “sloppy and/or illegal things” prior to quitting the project

Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden.  On Aug. 25, in an effort to catch crypto users avoiding taxes, the Internal Revenue Services (IRS) proposed brokers follow new rules for selling and trading digital assets. Brokers would use a new form