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Italy sets aside millions for workers at risk of AI replacement

Italian officials are setting aside $33 million to enhance the development of digital skills for workers at risk termination due to automation and AI.

‘Moral responsibility’: Can blockchain really improve trust in AI?

Experts are still divided on the real impact blockchain tech can have on solving some fo the problems that ail AI.

Top 10 crypto artist Trevor Jones on being rich, rekt and rich again: NFT Creator

Trevor Jones creates NFTs fit for a King, he sold $4.3 million of NFTs in a day and he’s among the most celebrated crypto artists in the world.

Wells Fargo to pay $1B on shareholders lawsuit settlement

A Redditor highlighted the recurring violations of regulations by banks, expressing their frustration at the relatively muted response from the SEC.

Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform

The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product.

Grayscale and Bitwise distance themselves from Ether futures ETF plans

Grayscale has stopped its ETH futures ETF plans after a warning from the SEC, while Bitwise amended its SEC filing to halt any launch of Ether ETF products.

Montenegro prosecutors appeal against Do Kwon’s bail terms

Case files on the prosecutors' appeal were sent to the Supreme Court in Podgorica for a decision.

FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy

When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1 million, representing a 99.5% decline in value.

Kraken, UK trade body derides lawmaker description of crypto as 'gambling'

CryptoUK, a trade body based in the United Kingdom, argued that a much more nuanced and tailored approach needs to be taken into consideration.

Ripple case: SEC Hinman docs must become public by June 6, lawyer suggests

The infamous Hinman Speech docs are required to be unsealed by June 6 according to a previous court order, suggests defense attorney James K. Filan.

Korean lawmakers rally towards crypto rules in May after grisly murder case: Report

Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets.

There's a growing case for allowing crypto firms to bypass banks

Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash.

SEC believes Filecoin is a security, Grayscale warns investors

The regulator has asked Grayscale to withdraw its application for a Filecoin Trust product, saying its underlying asset "meets the definition of a security."

Pakistani finance minister says crypto will never be legal because of FATF

Pakistan was taken off the FATF gray list in October, and it has good reasons to want to stay in international good graces.

China state-owned Greenland to apply for Hong Kong virtual asset trading license

The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says.

Chinese prosecutors to crack down on 'pseudo-innovation' in NFT market

According to public prosecutor, marketing models such as rewards and dynamic rights and interests can easily evolve into illegal pyramid schemes.

Crypto retail trading should be regulated as gambling: UK lawmakers

The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed.

OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety

Altman appeared alongside NYU professor Gary Marcus and IBM’s chief of trust Christina Montgomery to discuss how the U.S. government should regulate the AI industry.

Updated European tax directive requires reporting on all crypto asset transfers

DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.

Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?

Deluged by NFTs and memecoins, Bitcoin has suddenly become a worse version of Ethereum. There are conflicting ideas about how to fix it.

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