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FTX advisors billed the bankrupt firm for a whopping $103M in Q1

After Sullivan & Cromwell, Consulting firm Alvarez & Marsal billed the second largest invoice for its finance and accounting work.

White House advisors renew push for 30% digital mining energy tax

The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community.

Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’

New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers.

Retail CBDCs bring unknown 'consequences' to financial system: IMF director

The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”

US congressmen chide presidential advisers over crypto stances in economic report

The legislators objected to a chapter of the president’s annual report that they believe diminished the role of Congress and could damage the economy with its hostility to digital assets.

The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes

Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.

British MP Lisa Cameron is 'not invested personally' in crypto but advocates for regulation

“I’m an advocate for getting regulation in place that makes the most of the potential of the sector whilst protecting consumers,” said the MP.

SEC crackdown on crypto staking in the US could boost decentralization

Recent regulatory actions have crypto staking providers in the United States on edge.

Crypto and AI: Control the robots, incentivize the humans

Does AI need blockchain and crypto to incentivise the humans in the loop — or to help keep the robots in line?

Coinbase International Exchange launches amid SEC crypto crackdown in the US

The Coinbase International Exchange will roll out trading by listing Bitcoin and Ether perpetual futures.

3AC founders run into fresh trouble in Dubai over new exchange OPNX

Dubai digital asset regulator claimed that it had sent two cease and desist notices to the exchange in February and an investor alert against it in April.

Ava Labs founder awarded $3M in crypto defamation suit

Emin Gün Sirer, the founder and CEO of Ava Labs, has been awarded millions in damages after an influencer publicly accused him of being part of a Turkish terrorist group in 2021.

Industry heavyweights respond to UK’s crypto asset regulatory framework proposal

HM Treasury was directed to problem spots that may need refinement, but the basic principles of its approach were heartily welcomed.

European Union pushes forward with first AI framework: Law Decoded, April 24–May 1

High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures.

Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions

OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan, and Syria to conduct digital asset trades, deposits, and withdrawals between January 2014 and November 2019.

On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023

Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms.

What the Gensler hearing means for US crypto regulation and policy

Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity.

AI Eye: Is Hollywood over? ETH founder on AI, Wes Anderson Star Wars, robot dogs with ChatGPT brains

Does AI technology spell doom for Hollywood? Joe Lubin on AI, Wes Anderson’s Star Wars, and AI tasked with destroying humanity goes dark.

Tokens but not crypto: Nigeria SEC prepares new digital asset rules

Nigeria’s securities regulator will take at least ten months to determine whether to register a digital asset-related company.

AI chatbot usage causes concern among 70% of Japanese adults

A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implementation.

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