OpenAI, the creator of ChatGPT, a popular natural language processing AI tool, is facing a class action lawsuit in California. The lawsuit, filed by Clarksons LLP on June 28. allegations that OpenAI unlawfully obtained private user information from the internet.
Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC), has expressed her view that cryptocurrency laws in the United States should adopt a more nuanced approach.
Italy's top banking authority has urged the establishment of a robust and risk-based regulatory framework for stablecoins to prevent potential risks and a worst-case scenario of a "run" on stablecoins.
The US Securities and Exchange Commission (SEC) will provide its response to Coinbase's initial legal defense on July 13. as stated in a court order published on Thursday, June 29.
The South Korean government has passed a new crypto bill, known as the Virtual Asset User Protection Act, aimed at safeguarding cryptocurrency investors and preventing incidents like the implosion of Do Kwon's Terra ecosystem. On June 30.
US Senator Michael Bennet is calling on tech companies to label content generated by artificial intelligence (AI) and to closely monitor any misleading information produced by AI systems.
Simon Callaghan, the newly appointed CEO of Blockchain Australia, is urging Australian banks, the government, and the crypto industry to collaborate in combating the increasing number of cryptocurrency scams.
Maple Finance, a web3 lending platform, has unveiled its direct lending program as a replacement for now-defunct lenders such as Celsius and BlockFi, according to a fact sheet released on June 28.
BlackRock, a global investment giant managing $10 trillion in assets, has expressed its belief that artificial intelligence (AI) is a "massive force" capable of generating impressive returns for investors,
The Reserve Bank of New Zealand (RBNZ) has announced increased monitoring of stablecoins and crypto assets following a public submission, although it has not called for immediate regulatory action.
Three Chairmen of CommitTees in the us house of represses, namely Jim Jordan, James ComEr, and Patrick Mchenry, have sent a letter to Gensler, seeking Updates on their Previous Inquiry Regarding The Secliance with Record-Keeping Requirements.
The Federal Reserve recently released its stress test report, revealing that all 23 of the largest banks in the United States are well-equipped to withstand a severe recession.
Binance, a prominent cryptocurrency exchange, has notified its users that its current euro banking partner, Paysafe Payment Solutions, will no longer support the exchange.
Solana's Cardinal protocol, which raised $4.4 million last year to enhance the utility of non-fungible tokens (NFTs), is shutting down its operations due to economic conditions.
Inflection AI, a Palo Alto-based company, announced on June 29 that it has successfully raised $1.3 billion in a funding round led by prominent investors such as Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and Nvidia.
Blockchain technology and cryptocurrencies are making a significant impact in Africa by addressing real-world problems such as hyperinflation and corruption, according to industry executives.
