Crypto exchanges to meet Nigerian SEC chief for regulatory talks
The meeting is expected to ignite positive changes that benefit all crypto stakeholders in Nigeria and internationally. Source link
Nigerian fintechs crack down on crypto, users face account blocks
The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening. Source link
Extradition papers ready for Binance’s Anjarwalla, says Interpol Nigeria
The Interpol official did not confirm if the Binance executive is currently being held in Kenya but did say that he was last seen in the country. Source link
SEC faces accusations of contradiction in Coinbase rulemaking dispute
In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s lawyer, John Deaton, has accused the SEC’s top official, Gary Gensler, of ‘gaslighting’ the public and disagreed with his stance on cryptocurrencies. The development in Coinbase’s rulemaking request occurred when the SEC rejected the trading…
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Ripple’s Legal Chief predicts crypto landscape shifts in 2024
Ripple’s Chief Legal Officer, Stuart Alderoty, has shared insights on the future of the cryptocurrency landscape, specifically in 2024. He discussed predictions about Ripple’s legal dispute with the Securities and Exchange Commission (SEC), the judiciary’s influence on crypto regulations, and potential legislative challenges in Congress. In his prediction, Alderoty foresees the possible resolution of Ripple’s…
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US financial regulators’ annual report warns of AI risks
A panel of regulators warned that the rapid adoption of artificial intelligence (AI) could pose new risks to the United States financial system if the technology is not adequately supervised. The Financial Stability Oversight Council (FSOC), which is comprised of top financial regulators and chaired by U.S. Treasury Secretary Janet Yellen, flagged the risks posed…
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Microsoft faces UK antitrust probe over OpenAI deal structure
The UK’s antitrust regulator is considering initiating a merger investigation into Microsoft’s multi-billion dollar collaboration with OpenAI. This announcement resulted in a response from Microsoft, declaring that it only plays a non-voting observer role on the board of the ChatGPT maker. The investigation announcement follows the ChatGPT maker’s disclosure that the U.S. tech giant would…
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AI regulations in global focus as EU approaches regulation deal
The surge in generative AI development has prompted governments globally to rush toward regulating this emerging technology. The trend matches the European Union’s efforts to implement the world’s first set of comprehensive rules for artificial intelligence. The artificial intelligence (AI) Act of the 27-nation bloc is recognized as an innovative set of regulations. After much…
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IBM, Meta and others form ‘AI Alliance’ to advance AI development
In the race for market supremacy among artificial intelligence (AI) firms, a coalition of technology leaders spearheaded by IBM and Meta established the AI Alliance. Rather than competing, these companies aim to collaborate, emphasizing their commitment to fostering transparent innovation and responsible development in artificial intelligence. In a joint statement, IBM and Meta outlined the…
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Grayscale Bitcoin Trust aims for ETF shift to narrow discount
Grayscale, a significant player in digital asset management, has expressed enthusiasm about the potential transformation of its Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. This move could eliminate the current 8.09% discount of approximately $1.89 billion, aligning GBTC’s price more closely with the actual value of Bitcoin, offering significant benefits for investors. The company’s…
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