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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.In a court filing on November 23, Zhao’s lawyers urged the judge to reject the proposed

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Layer 2 networks hit $13 billion TVL but challenges still remain

Ethereum Layer 2 networks reached a new milestone on November 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain,

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Chinese president calls for unity on AI challenges and cyber development

Chinese President Xi Jinping addressed an audience on Nov. 8 at the World Internet Conference Summit in Wuzhen, China, calling for international cooperation on the risks posed by artificial intelligence (AI).Xi’s speech, pre-recorded and broadcast at the conference, stressed the need for “deepened” exchanges and cooperation to “jointly advance the

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Kraken looking to ‘solve’ industry challenges amid layer-2 rumors

Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with the Base network earlier this year.The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the organization

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SEC faces hiring challenges due to experts not wanting to sell their crypto

The U.S. SEC faces recruitment challenges and legal uncertainties as it struggles to hire Bitcoin and crypto experts that are willing to sell their crypto assets. The Securities and Exchange Commission (SEC), the agency that makes rules for financial markets, is struggling to hire experts in cryptocurrencies because of a tricky

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Crypto remittances offer cheaper alternative, but still face challenges to adoption

As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to loved ones while dodging extremely high fees that can be life-changing over time.Cryptocurrency remittances have been seeing their adoption grow, and the low volatility seen in the

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UN launches international effort to tackle AI governance challenges

United Nations Secretary-General António Guterres revealed the establishment of a 39-member advisory committee aimed at tackling matters related to the global regulation of artificial intelligence (AI) on Oct. 26.According to the announcement, the roster comprises individuals ranging from tech industry leaders, government representatives spanning from Spain to Saudi Arabia, and scholars

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