BJ Investment Holdings, the parent company of Hit Network and BitBoy Crypto, removed crypto personality and YouTuber Ben Armstrong from the company this week, claiming Armstrong was suffering from substance abuse and alleged that he caused “emotional, physical, and financial damage.” Tonight, Armstrong says the conflict is “far from over.” This difficult decision is a culmination of a prolonged effort…
The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets. On Aug. 30, SEBA Hong Kong said its in-principle approved license would allow it to operate with crypto products such as over-the-counter derivatives, advise on virtual assets and conduct asset…
Rhode Island’s regulators have granted X (Twitter) a currency transmitter license marking a step forward for the company’s foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and receiving money — a definition that includes both fiat and crypto assets. The approval will allow for X…
The SEC may have a limited window to appeal the court decision, while Grayscale could move forward with an amended application for its spot Bitcoin exchange-tra… Source: https://cointelegraph.com/app/public/index.php/news/grayscale-wins-court-battle-what-does-this-mean-for-spot-bitcoin-etf
The proliferation of AI-generated guidebooks sold on Amazon could have deadly consequences, experts warn. From cookbooks to travel guides, human authors are warning readers that artificial intelligence could lead them far astray. The latest cautionary tale about blindly trusting the advice of AI comes from the otherwise obscure world of mushroom hunting. The New York Mycological Society recently sounded the…
AI developers must be stopped from freely using music, literature and artwork to train their models, a group of British lawmakers have warned. In a new report, the UK government has been told that it must “rebuild trust” with creative industries and introduce safeguards to ensure their intellectual property isn’t mined for profit. The Culture, Media and Sport Committee—a cross-party…
Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform. It is understood Tether has instructed clients to send money to Britannia’s bank account over the last few months, according to an Aug. 29 report by Bloomberg, citing people familiar with the matter.…
On Monday, the United States Securities and Exchange Commission (SEC) announced its first-ever enforcement action over the sale of NFTs, fining a Los Angeles-based media company $6 million for selling illegally unregistered securities. But does the action signal an impending crackdown against a broader array of NFT projects? The facts of the case weren’t exactly ambiguous: The fined company, Impact…
The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on Grayscale Investments’ Bitcoin spot ETF application. The United States Securities and Exchange Commission (SEC) rejection of the application was overturned. The decision was “a slaughterfest of the SEC arguments,” Cinneamhain Ventures founder Adam Cochran said on X (formerly Twitter). “This…
Leila Ismailova began her professional career at the age of 15 as a broadcasting star in Belarus, the Russian-neighboring Eastern European country that plays home to 9.3 million citizens. She continued in the role for 10 years, she says, before reaching what she felt was a “professional ceiling” and beginning a journey that led to Web3. “I remember my audacity as a child,…
