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US Mulls Tighter Restrictions on AI Chip Shipments to Chinese Firms, Report
14.10.2023
The government in Washington is reportedly considering further limiting China’s access to U.S. processors used in artificial intelligence (AI) applications. The current restrictions, which were introduced last year, allow Chinese companies to source the chips through overseas subsidiaries....
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
Texas City FBI Warns Locals of Government Impersonation Crypto Scam
13.10.2023
Some residents of the city of El Paso in the US state of Texas have received a legitimate-looking letter from scammers impersonating as Federal Bureau of Investigation (FBI) asking to pay cryptocurrencies.
The FBI has warned locals of a crypto scam that convinces victims to send cryptos and other...
Biden considers tightening AI chip controls to China via third parties
13.10.2023
The additional restrictions being considered by the Biden administration would try to target ways Chinese developers could access U.S.-made AI semiconductor chips
Stocks across Asia and Europe rise on Economic growth indicators
12.10.2023
Stocks across Asia Pacific region marked second consecutive day of bullish growth while European stock market reach 3-week high
A Saudi Prince, Chinese Government Officials, and Thai Prostitutes: Former Alameda Research CEO’s Damning Testimony Continues against Sam Bankman-Fried
11.10.2023
Caroline Ellison, former Alameda Research CEO and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried, stunned the jury today in Manhattan Federal Court when she revealed startling claims involving Alameda Research’s ties to international government officials....
Read More: A Saudi Prince...
U.K. Government Urged to Address NFT Copyright Infringement – Here's the Latest
11.10.2023
A cross-party committee in the United Kingdom has called on the government to collaborate with non-fungible token (NFT) marketplaces in order to combat copyright infringement.
In a report released on Wednesday, the committee outlined its recommendations, which also included suggestions...
UK Parliament Committee Urges Government to Address NFT Copyright Infringement
11.10.2023
The UK’s Culture, Media and Sport Committee, a cross-party parliament group, is recommending the Government take action on the “widespread copyright infringement” in non-fungible tokens (NFTs).
The committee MPs have warned that the promotion of cryptocurrencies in professional sports is putting...
Indian Government Collects Over $12 Million From Crypto Taxes
11.10.2023
India’s Central Board of Direct Taxes (CBDT) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year.
The Indian government had implemented one percent direct tax on all crypto transactions from July...
British MPs urge action on NFT copyright infringement, crypto fan tokens
11.10.2023
A U.K. parliamentary committee called for a crack down on sports fan tokens and recommended the government issue a code of conduct for NFT platforms
Meet the guerilla artist who staged a crypto ‘rug pull’ in front of the SEC
10.10.2023
Artist Nelson Saiers’ “Rug Pull” highlighted the victims of crypto rug pulls and perceived SEC inaction in safeguarding investors
Chinese government-owned newspaper to launch NFT platform
9.10.2023
China Daily stated that digital collectibles sold on its platform may be bridged to the likes of Opensea and LooksRare
Latam Insights: Argentina Announces National Digital Currency While Peso Sinks, Volcano Energy Launches Lava Pool
9.10.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Argentine government announces a national digital currency project, Volcano Energy launches Lava Pool, the first Salvadoran Bitcoin mining pool, and...
Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator
9.10.2023
The FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August
Crypto exchange Upbit was targeted by hackers 159K times in H1: Report
9.10.2023
The figure is more than double recorded in the first half of 2022 and a massive 1800% increase from the same period in 2020, according to the operating firm
Robert Kennedy Jr. Promises to End White House War on Bitcoin — Says We Need ‘Freedom Currency’ That Government Can’t Control
8.10.2023
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to end the White House’s war on bitcoin if he is elected President of the United States. “I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war...
Sam Bankman-Fried goes on trial: A week in review
7.10.2023
The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing
Snapchat warned by UK data watchdog over AI chatbot risks
6.10.2023
Snapchat received a warning from the U.K. data watchdog regarding its AI chatbot “My AI” for potentially failing to identify and address its privacy risks
Texas Securities Board Targets Fraud Crypto Project Touting Ties With Russian Government
6.10.2023
The Texas State Securities Board has stopped a decentralized lending pool from sales of securities, after the firm touted its ties with the Russian government.
Travis J. Iles, the securities Commissioner of the Lone Star State, has written an emergency cease and desist notice to immediately stop...
Retail stablecoin trading in Hong Kong not allowed yet, official says
6.10.2023
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024