Markets
German Regulators Investigate ChatGPT's GDPR Compliance
OpenAI faces another hurdle in its quest to continue doing business in the EU, as German authorities have launched an investigation into the company's privacy practices and General Data Protection Regulation (GDPR) compliance.Sherry CantwellDOJ Charges 5 in Crypto Price Manipulation Scheme
A newly unsealed indictment accuses five individuals of “conspiring to manipulate the market” over an alleged scheme involving the ERC-20 Hydro (HYDRO) token.Craig GreenOpera integrates generative AI in latest browser update
Artificial intelligence (AI) technology has been grabbing headlines as it becomes more pervasive across major industries around the world.Christopher SmithKuCoin Confirms an Exchange User Is Behind Alleged Daily Rug Pulling
Cryptocurrency exchange KuCoin has confirmed that the address allegedly responsible for launching thousands of memecoin scams belongs to one of its users. However, exchanges will not freeze users' assets without formal notification from law enforcement.Christopher SmithGoogle Ads Data: $4M Stolen Through Encrypted Phishing URLs
Data from Google Ads combined with blockchain analysis reveals that more than $4 million has been stolen from users who fell for a malicious phishing site promoted on Google.Wayne IngramOne Crypto Wallet Launches 114 Dodgy Memecoins in Two Months
According to Crypto Detectives, crypto scammers have been ramping up their efforts to launch fake memecoins over the past two months.Hallie GillWeb3 Social Media Protocol Launches Scaling Solution to Provide Instant Posts
The team behind Web3 social media protocol Lens has announced a new solution to scale blockchain social media applications.Sherry CantwellDeloitte's Crypto Hiring Boom, LinkedIn Hiring Revealed
Deloitte, a Big Four accounting firm that specializes in auditing, consulting, financial consulting, risk consulting, tax, and legal services, is actively looking for people with cryptocurrency expertise to join their team, according to an update on LinkedIn.Barry StidhamWorld Economic Forum white paper cites blockchain as tool to fight climate change
The World Economic Forum (WEF) recently published a white paper explaining how blockchain can provide the infrastructure needed to tackle climate change “at speed and at scale.”Craig GreenSEC's Gary Gensler slams cryptocurrencies again in educational video
The chairman of the US securities regulator has delivered another jab at the crypto industry, claiming that many crypto platforms operate in violation of securities laws.Christopher SmithCoinbase Execs Respond to SEC's Wells Notice in Person and Via Video
Executives at Cryptocurrency Exchange Coinbase Opened up to the Public About their Company's Regulatory Woes on April 27Cornell RachelCameron Winklevoss blames regulatory double standards for banking crisis
Cameron Winklevoss, co-founder and CEO of New York-based cryptocurrency exchange Gemini, has accused US regulators of double standards in their handling of the First Republic Bank crisis.Martha GrizzardBahamas Securities Regulator Proposes Draft Sweeping New Digital Assets Law
The Securities Commission of the Bahamas (SCB) published a draft of the Digital Assets and Registered Exchange (DARE) Bill of 2023 on April 25. The comprehensive bill will be negotiated with the aim of enacting it by the end of the quarter.Hallie GillSouth Korea's sweeping crypto bill passes first regulatory hurdle
South Korean lawmakers have passed the first phase of a review of proposed regulations that would give the country's Financial Services Commission the power to investigate and monitor financial activities related to “digital assets,” including cryptocurrencies.Jerry McNeillCircle CEO Blames US Crypto Crackdown for USDC Market Cap Drop
Circle CEO Jeremy Allaire says US regulators' crackdown on cryptocurrencies is a major factor in its stablecoin's USD Coin drop.Sherry CantwellNY Fed policy change could derail Circle's Fed payments rail goal
The New York Fed issued new rules for counterparties wishing to use its money market balancer, creating uncertainty about stablecoin issuer Circle's intentions to use the Fed's system.James DeanBelgian Crypto Platform Bit4You Suspends Operations After CoinLoan Cessation
Belgian cryptocurrency exchange Bit4You has suspended all operations, including withdrawals, amid an insolvency investigation of one of its main partners.Martha GrizzardKraken asks San Francisco court to intervene in IRS request
Cryptocurrency exchange Kraken is battling the IRS and its demands to turn over key exchange user information to the courts. The exchange dismissed the IRS request for customer information as an "unreasonable treasure hunt."Hallie GillCelsius Creditors Demand Transparency on 'Dubious' FTX Transactions
Celsius Creditors Claim Some FTX Users Engaged in Shady Transactions That Could Manipulate Celsius Prices, Tokens of 2022. Creditors are seeking the help of a bankruptcy judge to uncover the identities of the users in question.Sherry CantwellHong Kong Securities Regulator to Publish Crypto License Guidelines in May
Hong Kong's Securities and Futures Commission (SFC) will reportedly release guidelines for cryptocurrency trading licensing next month.Barry Stidham
