Binance executives depart, Nasdaq will trade AI-based orders and a bail appeal is denied for Sam Bankman-Fried. Top Stories This Week Binance crypto exchange saw 10 key execs leave in 2023. Heres the list A key talking point in the crypto community has been the ongoing exodus of executives from Binance amid growing regulatory troubles....Continue Reading

The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis. Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets.  According to local reports in...Continue Reading

Quantitative easing is a monetary policy tool where a central bank purchases financial assets to increase the money supply and stimulate economic activity. Criticisms and limitations of quantitative easing Although quantitative easing can be a useful tool in times of economic crisis, it is often criticized for its potential drawbacks, which include escalating inequality, distorting...Continue Reading

He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the industry. Stuart Alderoty, Ripple’s Chief Legal Officer and General Counsel in the SEC v. Ripple Labs case, has characterized the United States Securities and Exchange Commission’s (SEC) latest...Continue Reading

It is expected to be a guide in managing both the potential benefits and risks associated with AI technology. Two senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation on Friday, Sep. 8, as Congress intensifies its endeavors to regulate this emerging technology. The plan put forward by Senators Richard Blumenthal (D-Conn.) and Josh...Continue Reading

The restaurant was being built alongside a private members lounge that was only open to people who bought NFTs, but rising construction costs ultimately halted the project. Bold plans for a nonfungible token (NFT)-based restaurant and private members lounge in San Francisco have ended abruptly after the company behind the project halted construction due to...Continue Reading

Emmer intends to introduce an appropriations amendment that will limit the SEC’s utilization of funds for digital asset enforcement until comprehensive rules and regulations are implemented. United States Representative Tom Emmer, Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the U.S. Securities Exchange Commission’s (SEC) actions in the cryptocurrency industry,...Continue Reading

The SEC highlighted contradictory conclusions from similar cases, along with other pending decisions as some of the contentious legal issues. The U.S. Securities and Exchange Commission has submitted a filing urging the court to grant its motion to appeal a ruling from the Ripple Labs lawsuit that deemed that XRP was not a security when...Continue Reading

This week’s Crypto Biz explores Coinbase’s lending platform, Marathon Digital’s latest Bitcoin mining report, Hana Bank’s move to offer crypto custody and Google’s new crypto ads policy. Crypto giant Coinbase seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, aiming...Continue Reading