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CFTC commissioner says proposal to reassess risk management could consider crypto

Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.

​​OpenAI gets warning from Japanese regulators on data collecting

Japanese privacy watchdog warned OpenAI about collection of sensitive data without permission or else further action will be taken.

DCG asks judge to consolidate class-action suits to avoid conflicting decisions

Digital Currency Group CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues and near-identical class definitions.

Qatar gets slammed for not taking enough action against crypto companies

Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.

Coinbase Derivatives Exchange set to roll out BTC and ETH futures

Coinbase Derivatives Exchange’s institutional-sized contracts will be sized at 1 Bitcoin and 10 Ether.

Yuan stablecoin team arrested, WeChat’s new Bitcoin prices, HK crypto rules: Asia Express

Chinese RMB stablecoin issuer’s Shanghai office reportedly deserted after police raid, and WeChat offers Bitcoin prices — but for how long?

Fed board issues order to Silvergate Bank as part of self-liquidation plan

Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements.

Money stored on mobile payment apps may not be FDIC insured, US watchdog warns

Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money is insured or not.

What will Binance Australia services look like after debanking?

Binance suspended fiat on- and off-ramps by bank transfers in Australia, as well as trading for Australian dollar (AUD) pairs.

Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit

“This is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading," said the amended complaint.

Georgian central bank to launch AML probe into crypto firms

The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023.

BitCulture: Fine art on Solana, AI music, podcast + book reviews

Universal’s U-turn on AI music won’t please Ice Cube, former MOMA curator collects fine art on Solana, Edge of NFT podcast + Crypto Titans.

Italian senator provokes parliament with AI-generated speech

A senator in Italy utilized OpenAI’s GPT-4 to generate a speech during a parliamentary meeting in order to spark a “serious debate” about the technology.

Does the US have a crypto ‘tax loophole’ problem?

The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt-ceiling bill. Another narrow escape?

Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps

At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance.

Crypto​.com joins ranks of licensed payment institutions in Singapore

Singapore's Crypto.com expands its regulatory achievements by securing MPI license for DPT services from MAS.

Australia asks if ‘high-risk’ AI should be banned in surprise consultation

The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector.

Japanese AI experts raise concern over bots trained on copyrighted material

Takashi Kii, the Member of the House of Representatives for 10 Wards of Fukuoka indicated that he is pushing for regulation to protect copyright holders from being infringed on by AI.

SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense

The prosecution and FTX debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF.

Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China

“The number of crypto transactions associated with Chinese fentanyl brokers increased by 450% just last year alone," said the Massachusetts senator, citing an Elliptic report.

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