Stablecoins boosting demand for US T-bills: Treasury Dept
The United States Treasury Department is taking an interest in stablecoins and tokenization.
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Sam Altman’s ouster shows Biden isn’t handling AI properly
CbatGPT developer OpenAI announced last week that it had fired CEO Sam Altman due to a loss of confidence by the board — only to see him return to the company after 90% of OpenAI staffers threatened to resign. The firing caused a flurry of excitement from companies offering to match OpenAI salaries in an

Uniswap CEO warns US President to reverse course on crypto policies
Hayden Adams suggested that crypto policies from the SEC and Senator Elizabeth Warren could hurt President Joe Biden’s chances for a second term.

Banks face new risks from permissionless blockchains, BIS warns
To mitigate risks associated with public blockchain networks, the paper proposed appointing an entity with the authority to “control and limit access” to cryptocurrency assets.

‘Bitcoin is the king of crypto and it’s here to stay’ says eToro CEO
Some regions may want to ban Bitcoin, but industry experts say BTC is here to stay 976 Total views 5 Total shares While countries like El Salvador have welcomed Bitcoin (BTC) with open arms, other regions are pushing to legally ban the digital currency. Although this may be, some industry experts believe that Bitcoin is…

WSJ: Organized Crypto ‘Trading Groups’ Manipulated Markets to Make $825 Million in 2018
Cryptocurrency price manipulation is largely conducted by organized “trading groups” using services such as Telegram, the Wall Street Journal claimed in a study released August 5. Unveiling the results of research into cryptocurrency markets, the WSJ suggested that coordinated “pump and dump” schemes have seen traders inflate and crash the prices of various cryptocurrencies this…

Bitcoin trades in ‘enthusiastic’ phase as data hints at upcoming range expansion
Bitcoin’s volatility is compressing, which is a sign that a sharp range expansion is brewing.

Fintech Startup to Use Oracle Blockchain Platform to Boost Payment Processes
Finance platform SDK.finance has partnered with Oracle to use the Oracle Blockchain Platform to improve payments processes and remove intermediaries. The partnership was announced in a press release published on Feb. 12.SDK.finance is a European-based fintech startup that offers a payment platform for banks and financial institutions. In 2015, the company was reportedly recognized as…

Report: China to tighten rules around releasing generative AI tools
Sources close to Chinese officials say the draft rules for AI developers have been updated to include acquiring a license before releasing generative AI systems. The Chinese government is now considering additional regulations on artificial intelligence (AI) development that emphasize content control and licensing. A July 11 report from the Financial Times revealed that China’s Cyberspace…