Three Arrows Capital, which says it’s owed over $220 million by BlockFi, also protested that it wasn’t being given a chance to contest fraud allegations, while the SEC said proposed clauses to release BlockFi and its management were overly vague and broad. Source
The team behind the popular artificial intelligence (AI) chatbot ChatGPT, says it will be forming a team to rein in and manage the risks of superintelligent AI systems. In an announcement on the OpenAI blog on July 5, the company says the new team will be created to “steer and control AI systems much smarter than us.” The non-profit said in its statement that it believes superintelligence will be “the most impactful technology humanity has ever invented” and help solve many problems, though there are risks. “The vast power of…
Barking with community-driven enthusiasm and bone-rattling potential, dog-themed coins are forming a pack on the stage of emerging digital assets. In recent years, the cryptocurrency world has witnessed a surge in the popularity of dog-themed digital assets. These endearing tokens, which drew inspiration from the popular Doge meme, have swept the cryptocurrency industry by storm, enthralling both investors and enthusiasts. While Dogecoin (DOGE) holds the reins as the pioneer in this pack, other dog-themed coins have also emerged as formidable contenders, boasting impressive market capitalization and dedicated communities. It’s a…
Foreign residents of Israel could get an exemption from capital gains taxes on the sale of digital currencies. A bill that would grant that and other tax benefits for digital assets holders passed through preliminary reading in the country’s parliament (Knesset) on June 5. The bill would also level up the crypto bonuses with stock options for employees by reducing the 50% current tax on the former ones to 25%. The initiative is sponsored by Dan Ilouz, a 37-year-old Member of Parliament from the ruling Likud party. According to Ilouz,…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BlackRock CEO Larry Fink, who previously bashed bitcoin, now has a different view of the crypto asset and is looking to make the largest crypto by market capitalization cheaper and more accessible for investors. Speaking in an interview with Fox Business, Larry Fink, while not going into details about BlackRock’s latest spot Bitcoin exchange-traded fund (ETF), is hopeful that regulators, in this case, the US Securities and Exchange Commission (SEC), will approve its application. The asset…
“On June 22, 2023, bitcoin made a new one-year high, marking the first time in a year. This signal has historically indicated the end of bear markets and the start of new crypto bull markets,” Markus Thielen, head of research and strategy at Matrixport, said in a report shared with CoinDesk. Source
Grady, who also leads the technology practice at consultancy Fourtold, points to the commission’s 2018 strategy on Artificial Intelligence – which, though it did little more than promise a stakeholder alliance and reinterpreted liability rules, proved the portent of more to come, and an AI bill followed in 2021. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto asset management firm Valkyrie has applied for a spot bitcoin ETF and has enlisted Coinbase as its Surveillance Sharing Agreement (SSA) partner. This move follows a trend of similar filings to the U.S. Securities and Exchange Commission (SEC) by industry behemoths BlackRock and Fidelity earlier this month. Valkyrie also re-filed their 19b-4, like BlackRock they mention specific SSA agreement w/ Coinbase, even seems more aggressive (more use of the words ‘executed’ and ‘agreement’) They also,…
In a move aimed at tightening regulations in the cryptocurrency sector, Danish financial regulators have taken action against cryptocurrency service providers, specifically targeting local banks from holding cryptocurrency assets as a means of mitigating trading risks. The Danish Financial Supervisory Authority (DFSA) issued an official directive on July 4, instructing Saxo Bank, a prominent investment bank in Denmark, to divest its existing holdings in cryptocurrencies. Strengthening regulations Denmark’s financial regulators have intensified their efforts to strengthen regulations in the cryptocurrency industry by cracking down on cryptocurrency service providers, with a specific focus…
The report says that investigators at the CFTC have concluded that the bankrupt lender and its CEO broke the regulators’ rules by misleading investors, the report added. If a majority of the CFTC’s commissioners agree, the agency could file a case against them. Source