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Microsoft faces UK antitrust probe over OpenAI deal structure

The regulator’s examination will assess whether the collaboration constitutes an “acquisition of control,” implying the substantial influence of one party over another.

Kazakhstan blocked 980 unlicensed crypto exchanges in 2023

The Financial Monitoring Agency has also launched nine investigations into “illegal exchange operations” and money laundering.

Binance founder CZ must stay in US until sentencing, judge orders

A federal judge said former Binance CEO Changpeng Zhao is a flight risk if he returns to the UAE and must remain in the U.S. while awaiting sentencing.

HK game firm to buy $100M crypto for treasury, China/UAE CBDC deal: Asia Express

Hong Kong game firm to add $100M of BTC and ETH to treasury, UAE and China strike CBDC deal, Victory Securities starts new HK Bitcoin fund.

SEC discussing ‘key technical details’ with spot crypto ETF applicants: Report

In November, the commission separately met with representatives of BlackRock and Grayscale to discuss their spot crypto exchange-traded funds.

Montenegrin official plans to extradite Do Kwon to the United States: Report

The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after being arrested and charged in Montenegro.

Web3 Gamer: Games need bots? Illivium CEO admits ‘it’s tough,’ 42X upside

Games overrun with bots just show bot owners care, claims Pixels founder. Plus we review Galaxy Fight Club, chat to Illuvium’s CEO and more.

AI regulations in global focus as EU approaches regulation deal

Concerns over the potential misuse of AI have prompted the U.S., U.K., China and the G7 to speed up regulation of the technology, but Europe is already ahead.

British regulator adds Justin Sun-linked Poloniex to warning list after $100M hack

The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization.

US GOP presidential candidate slams Gensler and ‘three-letter agencies’

U.S. presidential candidate Vivek Ramaswamy slammed Gary Gensler and the SEC at the Republican Party presidential debate.

House Committee passes bill to ‘preserve U.S. leadership’ in blockchain

The pro-crypto bill is one of many before Congress that aims to promote the country’s deployment and use of blockchain technology.

Terraform’s Do Kwon mounts last-ditch effort to avoid extradition: Report

Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro.

Global policymakers are still pushing CBDCs despite their failures

From Thailand to the Eastern Caribbean, the CBDC experience has been one of government waste. So why do financial authorities keep pushing them?

Judge accepts Binance CEO CZ’s guilty plea, with sentencing in Feb

This court “hereby accepts the guilty plea of the defendant to the charge [...] and the defendant is adjudged guilty of such offense,” wrote Judge Richard Jones.

Bitzlato ex-CEO Legkodymov pleads guilty to 1 count in Brooklyn court

The Hong Kong-based crypto exchange had no KYC and was a major support for the darknet marketplace Hydra.

‘If I was the government, I’d close it down’ — JPMorgan CEO on crypto

Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.”

Hong Kong regulator blocks access to two crypto entities, warning of fraud

According to the securities regulator, misleading information online could encourage individuals to invest in the HKD token issued by HongKongDAO.

Lawmakers’ fear and doubt drives proposed crypto regulations in US

If the Digital Asset Anti-Money Laundering Act were to become law, many cryptocurrency providers would have to learn how to comply with the same regulations as traditional financial institutions.

IBM, Meta and others form ‘AI Alliance’ to advance AI development

In a joint statement, IBM and Meta outlined the AI Alliance’s objectives, emphasizing a commitment to safety, collaboration, diversity, economic opportunity and universal benefits.

France’s 3rd-largest bank, Société Générale, launches euro-pegged stablecoin

The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s customer base for trading use.