Cryptocurrency Analysis and News Portal
Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code. The Philippine Securities and Exchange Commission (SEC) has greatly increased its regulatory fight against the global crypto trading
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OpenAI and Microsoft are facing a lawsuit alleging the improper use of nonfiction authors’ work to train AI models, including OpenAI’s ChatGPT service. Author and reporter Julian Sancton sued the companies on Nov. 21. According to Sancton’s complaint, OpenAI allegedly utilized tens of thousands of nonfiction books without authorization to train
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Unauthorized artificial intelligence-powered recreations of people’s voices and images would be banned under a proposed bill by a bipartisan group of United States senators.In an Oct. 11 press release, Democratic Senators Chris Coons and Amy Klobuchar, along with Republican Senators Marsha Blackburn and Thom Tillis, released a discussion draft of
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The warning list serves as a clear message from the FCA, indicating that the included companies lack authorization or have failed to meet regulatory requirements for operating within the United Kingdom. On October 8, the UK’s Financial Conduct Authority (FCA) included 143 new entities in its warning list of unauthorized firms.
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a clash between blockchain enterprise Quantstamp and the U.S. SEC, the murky legal waters of initial coin offerings and crypto regulations come to the forefront. Another legal skirmish has unfolded, this time involving the U.S. Securities
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The class-action lawsuit against OpenAI adds to the increasing number of legal challenges faced by companies involved in developing and profiting from AI technologies. OpenAI, the prominent technology company pioneering unique innovations in Artificial Intelligence (AI) has been hit with a lawsuit filed by sixteen pseudonymous individuals. The plaintiffs claim that
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Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale. The Arbitrum Foundation is taking heat for offloading 50 million ARB tokens on-chain without community consent. ARB’s value slumped 11% following the sale, with the Foundation explaining it utilized the proceeds in the DAO’s
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Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted. FCA Cracks Down on Illegal Crypto ATMs Britain’s top financial regulator, the Financial Conduct
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“I was not involved with the creation and sale of this or any other NFTs. I have not consented to the use of my code or my name for this purpose,” Luke Dashjr, one of the Bitcoin core developers, tweeted. "Due to the misrepresentation involved and actual buyer confusion, I
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The FCA said a crypto asset business registered under the MLRs with the agency could conduct the promotion. The UK Financial Conduct Authority (FCA) has warned crypto companies within the nation to get ready for new rules on crypto asset promotions. The financial watchdog released a statement on the 6th of
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