News

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States.

How things panned out with Silvergate, Silicon Valley Bank and Signature — the three crypto-friendly U.S.…

Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.

Christy Goldsmith Romero, a 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 management requirements applicable to swap dealers and futures commission merchants.…

Startups competed in a metaverse-based Web3 reality show called Build The Block to win an investment from Binance Labs.

Crypto exchange Binance has announced the winner of its metaverse-based Web3 reality show, “Build the Block.” As a part of the show, startups competed against each other to win an investment from Binance Labs.

In an announcement sent to Cointelegraph, Binance said that zkPass, a decentralized identity verification solution that preserves privacy, won the contest after receiving the most votes.…

Right-wingers are often advocates of Bitcoin, especially the decentralized nature of the currency. But does that mean crypto is a right-wing thing?

The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no exception.…

Japanese privacy watchdog warned OpenAI about collecting sensitive data without permission, threatening further action.

Officials in Japan are beginning to tighten their stance toward artificial intelligence (AI) after the country’s local privacy watchdog warned ChatGPT’s parent company about its data collection methods. 

On June 2, Japan’s Personal Information Protection Commission issued a statement asking OpenAI to minimize the sensitive data it collects for machine learning purposes.…