Regulation

Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks could fall under the crosshair of United States regulators, crypto lawyers suggest. A previously little-known personality in the crypto community, Ben.eth has seen his Twitter following blow up nearly five-fold in May. The influencer has launched at least three memecoins

Dozens of artificial intelligence (AI) experts, including the CEOs of OpenAI, Google DeepMind and Anthropic, recently signed an open statement published by the Center for AI Safety (CAIS).  We just put out a statement: “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear

The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, reminding them of the risks associated with expanding the scope of their activities. The letter from the CFTC Division of Clearing and Risk (DCR) specifically addressed digital assets. Staff advisory letters can

A United State District Judge has referred a motion requesting the appointment of an independent examiner for bankruptcy crypto exchange FTX to appellate court. In documents filed in U.S. District Court for the District of Delaware on May 30, Judge Colm Connolly said the U.S. Trustee in FTX’s case, Andrew Vara, requested an appeal following

Generative artificial intelligence models such as OpenAI’s ChatGPT are trained by being fed giant amounts of data, but what happens when this data is copyrighted? Well, the defendants in a variety of lawsuits currently making their way through the courts claim that the process infringes upon their copyright protections. For example, on Feb. 3, stock

Millions of American television viewers, including those watching the NBA Finals, will soon see a new national ad campaign run by Coinbase. Titled “Moving America Forward,” the campaign is focused on explaining crypto and illustrating how it can help “update the system.” The ads add to the increasing pressure the company is putting on the

The 88th legislative session for the government of the state of Texas will end on May 29 without any resolution to certain bills affecting aspects of the digital asset space. According to Texas legislative records, lawmakers moved Senate Bill 1751 to the Committee on State Affairs on April 24 after passage in the state senate.

Last week, almost all the key markets for digital assets in Asia got updates from local regulators. Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.  According to reports, a vital feature of the new measures is the enforcement of the “Travel Rule” to keep a

A tentative deal aimed at stopping the United States government from defaulting on its debts would likely eliminate a proposed tax on the energy usage of cryptocurrency miners, according to Ohio Rep. Warren Davidson. On May 28, U.S. lawmakers released a draft of a bill allowing the government to increase the debt ceiling — an

The race to snatch up Hong Kong retail crypto traders is about to kick off, with several cryptocurrency companies announcing plans to apply for a license come June 1. On May 29, the Hong Kong-based crypto exchange CoinEx became the latest to signal its entry to the city, saying it’s launching a local platform called BitHK,

Cryptocurrency exchange Bybit continues the expansion of its operations after receiving “in-principle” approval from regulators in Kazakhstan.  On May 29, the exchange announced its pre-approval from Kazakhstan’s Astana Financial Services Authority (AFSA) to operate as a digital asset trading facility and as a custody services provider at the Astana International Financial Centre (AIFC). Ben Zhou,

The government of Bali, Indonesia, recently cracked down on crypto payments for goods and services and reminded tourists that the Indonesian Rupiah is the only legal tender. Some tourists were dissatisfied with the decision, saying that they will not visit again.  On May 28, the Indonesian government affirmed that tourists who will use crypto for

Bali’s government is cracking down on tourists paying for goods and services using cryptocurrency, with the island’s governor sending a reminder that Indonesia’s fiat currency is the only legal tender. On May 28, the government-owned news agency Antara reported Bali’s governor Wayan Koster hosted a press conference the same day and said tourists who “use

A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline. Steven Schwartz, an attorney with New York law firm Levidow, Levidow & Oberman, was engaged by Robert Mata to pursue an injury claim against Avianca Airlines. Mata claims he sustained the injury from

Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX.  Temasek was once the second-largest outside investor of FTX, with 7 million shares, according to Forbes. The firm however was forced to answer for its investment play after the exchange collapsed. According to

In late 2024, citizens of the United States will take to the voting booths to elect their next president — a four-year term that could have a vast impact on the next crypto bull run. Though polls are set to open on Nov. 5, 2024, dozens of U.S. politicians have already signaled an intention to

Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and crypto executives told Cointelegraph. Last year saw $3.9 billion stolen from crypto companies, decentralized finance platforms and users, a massive 22% rise from the prior year —

As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher.  Compliance experts, investigators and regulators employ these blockchain analytical tools to better understand the patterns and entities in cryptocurrency transactions. To learn more about the tools and how they fit into broader cryptocurrency adoption, Cointelegraph sat down with Tom

Beijing, the capital city of China, has reportedly unveiled a white paper with the objective of fostering innovation and advancing the web3 industry. The Zhongguancun Forum witnessed the release of the “Web3 Innovation and Development White Paper (2023)” by the Beijing Municipal Science & Technology Commission, also known as the Administrative Commission of Zhongguancun Science

United States president Joe Biden and Republican Kevin McCarthy have reportedly reached a “tenative” agreement to raise the federal government’s $31.4 trillion debt ceiling. According to a May 28 Reuters report, which cited two sources familiar with the negiotations, Biden and McCarthy reached ” a tenative deal” to raise the debt ceiling, in an effort