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EU legislators call for ‘safe’ AI as Google’s CEO cautions on rapid development

A group of EU politicians called for a united front in developing AI while tech executives express concerns about its societal impacts.

Australian crypto scams increased by over 162% with nearly $150M lost

While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022.

All eyes are on stablecoins: Law Decoded, April 10–17

A week before a hearing in Congress, the United States gets stablecoin regulatory framework.

NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services.

SEC charges Bittrex with unregistered operations, calls six tokens securities

The U.S. Securities and Exchange Commission has filed a complaint against the Seattle-based exchange as Bittrex prepares to stop offering services in the United States.

China’s state-affiliated banks are on-boarding crypto companies in Hong Kong

Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for these crypto platforms.

US crypto exchange Bittrex faces potential action from SEC: Report

Bittrex had already started winding down operations by the time it received a notice of potential action from the SEC, the general counsel said.

Blockchain Association files further FOIA requests over banking closures

The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks.

Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach

A U.S. Representative has declared he will introduce legislation to have SEC boss Gary Gensler removed from his role.

Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical

Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty.

Circle exec to join US Congressional committee hearing on stablecoin payments, legislation

The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”

FTX victims' lawyers struggle to serve Shaq

The Moskowitz law firm has been standing outside NBA superstar Shaquille O'Neal's studio all week to "hand deliver" their legal complaint with no success, according to a recent statement.

FTX considers reboot, Ethereum’s fork goes live and OpenAI news: Hodler’s Digest, April 9-15

FTX’s new management plans to relaunch the exchange in 2024, Ethereum’s Shapella hard executed on mainnet and OpenAI faces rising competition.

U.S. Congress to introduce new draft bill for stablecoins

Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to seek registration to operate in the country.

Fight between crypto and governments “just getting started”, says ShapeShift CEO

The crypto industry needs to prepare for increasing government pressure as it ramps up its challenge to the State monopoly over money, says ShapeShift CEO Erik Voorhees.

Do Kwon lawyers received $7 million before Terra collapse: Report

While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case.

Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison

James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the "unlawfully obtained" Bitcoin scheme.

CFTC chair says Binance intentionally broke rules concerning futures, commodities

The head of the CFTC, Rostin Behnam, recently spoke out against Binance and its leadership at a public-facing event held at Princeton University.

SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’

“It seems perverse to me that we would be encouraging centralization,” said SEC Commissioner Hester Peirce prior to a vote on the proposal.

Crypto in Europe: Economist breaks down MiCA and future of stablecoins

A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe.

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