Author: Cointelegraph By Stephen Katte

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Crypto firm pleads guilty to wash trading FBI-made token

CLS Global admitted to helping wash trade and manipulate the market for a token made by the FBI designed to draw in those engaged in fraudulent crypto activities. Source link

Trump swings axe on Biden’s sweeping AI executive order

Donald Trump has undone Joe Biden’s October 2023 executive order that established a framework for AI, including reporting mechanisms for companies. Source link

El Salvador buys another 12 Bitcoin for country’s reserve despite IMF deal

El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day. Source link

FDIC accused of omitting more crypto ‘pause letters’ in Coinbase-backed suit

Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a specific time period. Source link

Osprey Funds to seek SEC approval to convert Bitcoin trust into ETF

In a separate statement, Osprey said that the deal for Bitwise to acquire the Osprey Bitcoin Trust had been scuttled after failing to get the necessary regulatory approvals. Source link

Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs

One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.” Source link

US Republican lawmakers call on Treasury to explain recent cyber breach

Two congressional Republicans are calling for a briefing from the US Treasury Department about the recent cyber breach by an alleged China backed hacker. Source link

Bitcoin greed falls to October levels as BTC fizzles toward year end

Bitcoin has retreated 13.7% in the last 12 days, leading to the Crypto Fear & Greed Index recording its lowest score since Oct. 15. Source link

Winners and losers of 2024: A year of all-time highs, hacks and hodling

Crypto lawyers, Bitcoin hodlers and memecoin entrepreneurs were some of the biggest winners of 2024. Source link

Italy fines OpenAI $15M over data protection, privacy breaches

Italy’s privacy watchdog ordered OpenAI to conduct a six-month public awareness campaign to promote how ChatGPT collects and uses data. Source link