Markets
Safaricom M-Pesa Receives Mobile Money License in Ethiopia, Ending State Monopoly
The National Bank of Ethiopia (NBE) has announced on May 11 the issuance of a mobile money service license to Safaricom M-Pesa mobile financial services. Previously, only Telebirr, part of the state-owned Ethiopian Telecom network, operated in the market.Martha GrizzardGAO cites exposure to digital assets as it explores Signature Bank collapse
The US Government Accountability Office (GAO) has released a preliminary review of Silicon Valley Bank and Signature Bank's failures, which included exposure to cryptocurrency industry deposits.Wayne IngramFined $3.7M for buying car with Bitcoin, jailed in Morocco
Crypto Users Using Bitcoin to Buy Luxury Cars, Faces 18 months in prison and a $3.7 million fine in Morocco, a country that still makes the use of cryptocurrencies illegal.Jerry McNeillBinance Seeks UK Regulation Amid US Crackdown on Cryptocurrencies
Cryptocurrency exchange Binance has acknowledged that the crackdown on cryptocurrencies has made doing business in the United States challenging. It now wants to be regulated in the UK.Sherry CantwellCoinbase legal chief writes to SEC on RIA rulemaking
Coinbase's legal chief has asked the US Securities and Exchange Commission (SEC) to make several amendments to its proposed regulations governing the responsibilities of registered investment advisors (RIAs) to store client assets with qualified custodians.Craig GreenBitcoin Ordinals Lands on Binance NFT Marketplace in Latest Update
As more and more markets continue to adopt and offer digital assets, Bitcoin serial numbers also known as Bitcoin NFTs have become a focal point in the Web3 space.Cornell RachelMakerDAO Releases 5-Phase Roadmap to Fund Open Source AI Projects
MakerDAO Releases 5-Phase Roadmap to Fund Open Source AI ProjectsMartha GrizzardBitDAO proposes to replace BIT token in brand revamp
A proposal seeking to apply the “one brand, one token” principle has been pushed to a vote on BitDAO's snapshot and calls for an alternative to BitDAO's Token (BIT) under a new governance token. Snapshot is an off-chain governance voting platform for decentralized autonomous organizations (DAOs) and other blockchain projects.James DeanNBCUniversal veteran to replace Elon Musk as Twitter CEO
Linda Yaccarino, NBCUniversal's chair of global advertising and partnerships, will succeed Elon Musk as Twitter's next CEO.Barry StidhamSEC Gets Beyond Crypto: HSBC and Scotiabank Fined for Using WhatsApp
Financial regulators continue to scrutinize major traditional financial firms such as HSBC and Scotiabank amid the ongoing banking crisis in the United States.Cornell RachelRomania uses AI to provide data-driven policy advice
Countries around the world are beginning to grapple with the proliferation of artificial intelligence (AI). While some expressed concern about the emerging technology, others, like Romania, embraced it.Martha GrizzardLawsuit Against FTX Celebrity Promoter Gets Backing From Ex-Executive
A class-action lawsuit against celebrities allegedly promoting the now-bankrupt FTX has gained the cooperation of ex-exchange executive and compliance chief Daniel Friedberg.Hallie GillUS Chamber slams SEC for 'casual' regulatory work
The US Chamber of Commerce has slammed the SEC's "casual, enforcement-based approach" to regulating the cryptocurrency industry stateside.Jerry McNeillSilvergate prepares to cut 230 jobs, begins NYSE delisting process
Silvergate Capital, the parent company of collapsed Silvergate Bank, will be delisted from the New York Stock Exchange and its 230 employees will be laid off, Silvergate Capital has revealed.Sherry CantwellMetaMask launches ETH purchases via PayPal to US users
Crypto Wallet and Decentralized Application (DAPP) Provider Metamask has begun Rolling Out the Ability to Buy Ether Via PayPal for UNITED Stat ES One of Metamask's Large MarketsCraig GreenNew Wallet Uses Amazon Hardware Security Module to Eliminate Seed Words
A new crypto wallet just launched on Apple's App Store uses Web2 spoofing to ensure users don't need to interact with seed phrases or passwords.Christopher SmithGoogle I/O: Tech giants unveil a ton of new AI tools, what's next?
Tech giant Google announced a raft of new artificial intelligence-enabled features at its annual Google I/O conference, with updated artificial intelligence technology set to appear on its main platform.Wayne IngramCircle Reportedly Adjusts USDC Reserves to Avert US Default Risk
Stablecoin issuer Circle has reportedly adjusted its reserve pool to reduce the risk of US debt default.Hallie GillOpenAI CEO to testify before Congress with 'AI pause' advocates and IBM execs
OpenAI CEO Sam Altman will make his congressional debut on May 16 to discuss artificial intelligence (AI) regulation in the United States at an overview hearing.Cornell RachelIRS Claims $44B From FTX Bankruptcy
The US Treasury Department and Internal Revenue Service (IRS) have filed 45 claims worth $44 billion against bankrupt cryptocurrency exchange FTX and its subsidiaries.Wayne Ingram
