United States Financial News
28.11 / 22:53
CFTC
regulation
coinbase
Customers
Coinbase warns customers about subpoena in apparent CFTC Bybit probe
Coinbase is warning that it has received a subpoena from the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who have posted copies of the message. The CFTC is seeking information about the Bybit cryptocurrency exchange.
28.11 / 20:19
Law
regulation
lending
Bitcoin Regulation
Judge signs off on $1.65B settlement between Voyager Digital and FTC
A federal judge has approved an order requiring crypto lending firm Voyager Digital and its affiliates to pay $1.65 billion in monetary relief to the United States Federal Trade Commission (FTC).
28.11 / 17:03
business
Binance
Changpeng Zhao steps down as Binance.US chair
Changpeng “CZ” Zhao, the former CEO of major cryptocurrency exchange Binance, will also step down from his position as chair of the board of directors for the United States-based exchange Binance.US.
28.11 / 14:53
Government
Law
Binance
regulation
us government
Bitcoin
Why Binance’s US plea deal could be positive for crypto adoption
Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States.
27.11 / 19:41
Law
Binance
regulation
crimes
NOT
Changpeng Zhao may not leave the US pending court review, says judge
Changpeng “CZ” Zhao, who pleaded guilty to one felony charge as part of a settlement with the United States Department of Justice involving crypto exchange Binance, may not be permitted to leave the country as he awaits sentencing.
27.11 / 19:17
business
Europe
Quantum Computing
IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete
IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first “utility-scale” quantum system in the region.
27.11 / 16:11
business
Binance
Binance CEO outlines plan for crypto exchange after CZ steps down
Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ” Zhao stepping down.
26.11 / 19:05
business
Binance
regulation
Department Of Justice
What’s next for Binance’s Changpeng “CZ” Zhao
A recent court filing suggests that Changpeng "CZ" Zhao's legal challenges are just beginning, despite pleading guilty to violating the United States Anti-Money Laundering requirements in a settlement with the Department of Justice.
26.11 / 08:45
education
generative AI
California governor calls for statewide generative AI training
California Governor Gavin Newsom has stressed the importance of people staying ahead of the curve in generative artificial intelligence (GenAI) by acquiring new skills and becoming acquainted with the emerging technology.
26.11 / 00:47
business
Binance
regulation
Money laundering
Binance onboarded millions into finance but forgot the paperwork — Columbia professor
Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to Omid Malekan, adjunct professor at Columbia Business School and author, the Department of Justice’s approach in the case is very different from what is seen in traditional finance.
25.11 / 06:27
Law
Binance
regulation
Court
sentencing
CZ challenges US gov't attempt to restrict travel before sentencing date
Former Binance CEO Changpeng "CZ" Zhao has opposed the United States government's efforts to block his return to the United Arab Emirates (UAE) to be with his family while awaiting sentencing following his guilty plea.
24.11 / 05:55
business
Investments
CNBC
Bitcoin
Bitcoin Price
Jim Cramer admits he was wrong about Bitcoin — ‘I was premature’
Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency.
24.11 / 01:01
business
Law
regulation
FTX
Court
It sounds fishy, but SBF really IS trading mackerel in prison: Report
The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish.
23.11 / 18:19
Law
Stablecoin
regulation
ConsenSys
policies
Stablecoin Bill
Stablecoin bill is a ‘no-brainer’ — Consensys director on US legislation
Amid ongoing campaigns for the elections in 2024, many United States lawmakers have not sealed the deal on legislation aimed at establishing regulatory clarity on aspects of the digital asset space, including stablecoins.
23.11 / 13:53
business
Adoption
Payments
regulation
Fiat Money
services
Alchemy Pay bags money services license in Iowa, expands US services
The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa.
23.11 / 09:27
business
Binance
regulation
SEC
Kraken
Court
Kraken co-founder hails ‘more fair’ playing field as DOJ fines Binance
Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an X (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders.
23.11 / 09:27
Government
Technology
Law
U.S. 5th Circuit Court seeks regulation on lawyers’ AI use in legal filings
A federal appeals court in New Orleans is considering a proposal that would mandate lawyers to confirm whether they utilized artificial intelligence programs to draft briefs, affirming either independent human review of AI-generated text accuracy or no AI reliance in their court submissions.
22.11 / 22:55
Law
CFTC
SEC
Opinion
white house
Congress
Sam Altman’s ouster shows Biden isn’t handling AI properly
CbatGPT developer OpenAI announced last week that it had fired CEO Sam Altman due to a loss of confidence by the board — only to see him return to the company after 90% of OpenAI staffers threatened to resign. The firing caused a flurry of excitement from companies offering to match OpenAI salaries in an attempt to lure top-tier talent.
22.11 / 20:51
business
Binance
Department Of Justice
Funding
No ‘mass exodus of funds’ following Binance-DOJ settlement — Nansen
Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.”
22.11 / 17:01
Law
regulation
SEC
coinbase
Coinbase cites SEC action against Kraken in push for crypto rulemaking
United States-based cryptocurrency exchange Coinbase has renewed its call to compel the Securities and Exchange Commission (SEC) to respond to the company’s petition to create rules on crypto, using the regulator’s recent enforcement action against Kraken to back up its claims.
22.11 / 13:33
Technology
Law
FTC enhances investigative procedures to deal with AI-related lawbreaking
The United States Federal Trade Commission (FTC) has approved a new streamlined process for investigating cases involving the unlawful use of artificial intelligence (AI).
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