California senator slams OpenAI’s opposition to AI safety bill
As the debate over SB 1047 intensifies, Wiener remains steadfast in his support for the bill, which he believes is a necessary step toward responsible AI governance.
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Liechtenstein Cryptoassets Exchange Granted Business License by Regulator
Professional traders-focused Liechtenstein Cryptoassets Exchange (LCX) has recently acquired a “business license” in Liechtenstein, according to a press release shared with Cointelegraph Nov. 27.The new license granted by the Liechtenstein Ministry of Economic Affairs is reportedly a milestone for LCX in developing a “fully regulated blockchain ecosystem,” targeting institutional and professional investors.Following the recent licensing,…

Compound Gets Ready to Deploy Decentralized Oracle
Open Price Feed could be a big step forward for Compound. The Compound protocol is set to introduce Open Price Feed — a decentralized oracle whose crypto market prices will allow the project’s lending system to function.The Open Price Feed is currently being tested on a variety of networks. It has operated for almost two…

X’s ‘everything app’ push continues as Elon Musk tests video game streaming
During his stream, Elon Musk said that X has plans to integrate streaming services with Xbox and PS5, but has no plans of trying to be better than specialised streaming platforms. 99 Total views 2 Total shares X, formerly Twitter, has made another step toward becoming an “everything app” after Elon Musk tested out video

Implementing the double-edged sword of KYC is a must for crypto exchanges
During 2017’s bull market, most crypto services lacked the proper Know Your Customer and Anti-Money Laundering measures. Even in 2020, 56% of the analyzed 800 cryptocurrency exchanges and over-the-counter trading desks followed weak KYC practices, according to a CipherTrace report. However, the current digital asset rally has turned the crypto market upside down.As a result,…

NY Times defends article on Caroline Ellison: the public has a ‘legitimate interest’
The media outlet claimed the public and press had a right to receive information on a "central participant in a financial scheme that defrauded investors of billions of dollars". 237 Total views 3 Total shares The New York Times has submitted a filing in the criminal case against former FTX CEO Sam Bankman-Fried (SBF), arguing…

India’s ICICI Bank warns remittance users to steer away from Bitcoin
The bank has also asked users not to invest any fiat currency that may have links to previous cryptocurrency investments. 351 Total views 2 Total shares India’s stance on crypto adoption has been a gray area ever since the birth of Bitcoin (BTC). In what seems like another blow for the Indian crypto community, one…

UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’
According to the DCMS committee, NFT regulation in the U.K. is “largely non-existent,” with lawmakers planning to assess the assets ahead of a review by the treasury department. 283 Total views 17 Total shares Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on…

Execs at crypto-friendly Evolve Bank leave amid regulatory crackdown: Report
The bank services several crypto-friendly financial technology companies.