OpenAI CEO Sam Altman is scheduled to address the US Congress on Tuesday, May 5, 2023 at hearing before the Judiciary Committee's sub-committee on Privacy, Technology, and the Law. He is expected to advocate for the consideration of mandatory...
The Federal Reserve Bank of Chicago (FRBC) has published a comprehensive research report explaining the causes and driving forces behind the 2022 cryptocurrency crisis that sparked multiple bank runs and impacted the global financial markets. According to the report,...
Creditors of the bankrupt cryptocurrency lending firm BlockFi filed fresh court documents on May 15, 2023, to protest the company's new restructuring plan. The creditors accused BlockFi of intentionally prolonging the legal proceedings for its benefit. BlockFi presented its...
During the recent hearing on prudential regulator oversight conducted by the U.S. House of Representatives Financial Services Committee, Martin Gruenberg, Chair of the Federal Deposit Insurance Company (FDIC), disclosed that inadequate management and a lack of liquidity as the...
The Economic and Financial Affairs Council of the European Union granted final approval to the Markets in Crypto-Assets (MiCA) legislation on May 16, 2023, following unanimous support from the finance ministers of all 27 member states. In addition to...
The United States Securities Exchange Commission (SEC) has responded to Coinbase's request for clear cryptocurrency regulations in a formal court filing. In the court documents filed on May 15, 2023, the SEC acknowledged that the rulemaking process could take...
Yield App has partnered with Volt, a leading global real-time payments gateway, to enhance customer convenience and provide a seamless experience for users when accessing a wide range of products. The collaboration enables Yield App users to buy cryptocurrency...
According to a recent survey conducted by Bloomberg's Markets Live Pulse, Bitcoin has the potential to become one of the top three assets in the event of a U.S. debt default. The survey, conducted from May 8 to May...
Amazon will harness the power of artificial intelligence (AI) to enhance its delivery process and bridge the gap between products and customers. Stefano Perego, Amazon's Vice President of Customer Fulfillment and Global Operations Services for North America and Europe,...
The US Department of Justice (DOJ) is stepping up efforts to combat illegal cryptocurrency activities by targeting hackers and exploiters of decentralized finance (DeFi) platforms. In response to a surge in such activities over the past four years, the...
