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The United States Securities and Exchange Commission (SEC) has filed another document in its lawsuit against Binance.US, saying investors’ funds are at risk. In the filing entered on June 5, the regulators claim that the defendants, including Binance CEO Changpeng Zhao and Binance Holdings Ltd., “have enriched themselves by billions of
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On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout.Glassnode’s analysis of Uniswap and futures trading volumes reveals that the uptrend that began
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There is no shortage of regulatory efforts to mitigate the
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Crypto risk management firm Elliptic has integrated artificial intelligence chatbot, ChatGPT, to ramp up its accuracy and speed in detecting crypto threats – a move which comes amid other crypto firms reporting mixed results in its implementation.Elliptic provides blockchain analytics for crypto asset compliance and assesses risks associated with crypto
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Christy Goldsmith Romero, commissioner with the United States Commodity Futures Trading Commission (CFTC), has commented on a proposal amending the government body’s Risk Management Program with respect to digital assets.In a June 1 notice, the CFTC said it would be opening a proposed rule change for amendments to its risk
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Commodity Futures Trading Commission (CFTC) has proposed a comprehensive revamp of its risk management regulations, emphasizing the need for firms to prepare themselves for the volatility of cryptocurrencies and the associated risks of
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“These technological advancements, with their accompanying risks, necessitate the commission revisiting our regulatory oversight, including our risk management requirements,” Goldsmith Romero said. “Integration of digital assets with banks and brokers, and the risks that could be posed, could continue to evolve.” Source
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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
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Bitcoin (BTC) stares at potential losses heading into the third-quarter of 2023 after U.S. lawmakers will likely reach an agreement on raising the debt ceiling.A $1 trillion liquidity hole aheadRaising the debt ceiling means the U.S. Treasury could issue new bonds to raise cash to meet its previous obligations.As a
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Italy’s back and forth with the emergence of artificial intelligence (AI) continues, after lawmakers in the country announced funds for those at risk of losing their jobs to automation. On May 15 Italian officials set aside 30 million euros ($33 million) towards the Fondo per la Repubblica Digitale (FRD) to enhance
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