Tag: 20. November 2023

[ad_1] The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it failed to register as an exchange, broker, dealer and clearing agency with the regulator and claimed it commingled customer funds. In a Nov. 20 complaint, the SEC claimed that since 2018, Kraken had operated as a platform that offered the unlawful sale of cryptocurrencies."Without registering with the SEC in any capacity, Kraken has simultaneously acted as a broker, dealer,

[ad_1] The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local press reported.The bakong service operates by the NBC on a blockchain, but it is not a central bank digital currency (CBDC), as

[ad_1] The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.” The meeting began with a discussion of Hamas’s use of crypto for fundraising. However, the committee’s Chair, Representative French Hill, declared that as “phone and the internet aren’t to be

[ad_1] Canada’s Office of the Superintendent of Financial Institutions (OSFI) has opened a consultation period on crypto asset disclosure requirements for federally regulated financial institutions (FRFIs). The consultation was foreseen in the 2023 federal budget, but its timing is tied to a similar enquiry initiated by the Bank for International Settlements (BIS).The Canadian government stated in March that it would draw up crypto exposure guidelines for banks “to help protect

[ad_1] Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations starting with the suspension of trading activity on Dec. 4.In a Nov. 20 update published to its website, Bittrex Global said all users with U.S. dollar holdings needed to convert their funds to Euros or cryptocurrency before Dec. 4 or risk being unable to withdraw the assets. On Dec. 4, the platform will suspend trading activities

[ad_1] Microsoft (MSFT) stocks hit an all-time high of $378.81 on Nov. 20 on the back of a tumultuous weekend for the AI sector involving the ousting of OpenAI CEO and co-founder Sam Altman. Not to be outdone, Nvidia (NVDA) stocks also reached an all-time high of $499.60, continuing a trend that’s seen its shares rise from a one-year low of $138.84.Both stocks have skyrocketed over the past few years,

[ad_1] The US Justice Department is negotiating with Binance in an attempt to resolve its investigation into the company, according to a November 20 report from Bloomberg citing people familiar with the discussions. The agreement would require Binance to pay $4 billion in fines. In return, the company would be allowed to keep operating while complying with US laws. According to the report, the announcement of an agreement “could come

[ad_1] Once branded for a Texas-specific audience, the North American Blockchain Summit (NABS) shook things up in 2023 — changing its location and name as many United States lawmakers prepared for an election season.Hundreds of crypto and blockchain enthusiasts gathered in Fort Worth, Texas from Nov. 15-17 to network, discuss mining, and listen to politicians and industry leaders talk about developments in policy and regulation affecting the space. Among the

[ad_1] A team of researchers from artificial intelligence (AI) firm AutoGPT, Northeastern University, and Microsoft Research have developed a tool that monitors large language models (LLMs) for potentially harmful outputs and prevents them from executing. The agent is described in a preprint research paper titled “Testing Language Model Agents Safely in the Wild.” According to the research, the agent is flexible enough to monitor existing LLMs and can stop harmful outputs