Day: 12 May 2023

HSBC Securities (HSI) and Scotia Capital, the investment subsidiary of Scotiabank, have been fined by the United States Securities and Exchange Commission (SEC) for violating recordkeeping rules. According to the SEC, the managing directors and senior supervisors responsible for overseeing junior employees did not adhere to company policies and communicated ...

Romanian authorities have taken a radical approach to AI use and regulation by adopting "Ion," an AI-powered robot designed to help the government better understand the societal challenges its citizens face. According to a report by The Financial Times, the Ion AI system will leverage automatic scans of social media, ...

On May 12, 2023, a Montenegrin Court approved the bail terms for Do Kwon, the founder of Terra Luna and former CEO of Terraform Labs, who was charged with document forgery, a criminal offense under Montenegrin law. Do Kwon and Han Chang-joon, the CFO of Terraform Labs, were granted bail ...

Lawmakers in the Texas House of Representatives have approved a new amendment to the state's Bill of Rights that protects individuals' freedom to own, hold, and use digital currencies. The decision was made on May 3, 2023, with an overwhelming majority of 139 votes in favor and only two against. ...

According to a recent interview with officials from European airlines Lufthansa and Eurowings, travel companies are embracing Web3 technologies to propel the industry forward. Lufthansa and Eurowings are among the early adopters of the Camino Network, a blockchain platform specifically designed for the travel industry. The Camino Network blockchain and ...

Former FTX compliance chief, Daniel Friedberg, has agreed to collaborate with class action lawyers in a lawsuit against celebrities accused of promoting the bankrupt crypto exchange.  According to an amended complaint filed in a Florida District Court on May 11, 2023, Friedberg has provided evidence that promotional activities for FTX ...

Binance.US CEO and primary shareholder, Changpeng Zhao, is reportedly exploring options to reduce his stake in the company amid ongoing legal challenges. According to sources familiar with the matter, Zhao has been attempting to sell a portion of his controlling stake since the second quarter of 2022. Some of the ...