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Business

FTX’s Sam Bankman-Fried headed to jail for violating bail conditions
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12 August, 2023

FTX’s Sam Bankman-Fried headed to jail for violating bail conditions

The disgraced founder of the collapsed FTX digital asset exchange, is heading to jail for violating the terms of his...
Hong Kong regulator warns exchanges against misleading licensing claims
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12 August, 2023

Hong Kong regulator warns exchanges against misleading licensing claims

Some exchanges have been lying about submitting licensing applications in Hong Kong, a crime that could land them in prison...
Massachusetts probes AI use in securities industry amid heightened concerns over tech
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12 August, 2023

Massachusetts probes AI use in securities industry amid heightened concerns over tech

Massachusetts has launched a formal investigation into the application of artificial intelligence in securities, focusing on potential conflicts of interest...
Russian banks want legislation to prevent compulsory digital ruble usage
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11 August, 2023

Russian banks want legislation to prevent compulsory digital ruble usage

Although Russia has said the digital ruble will be optional, banks want that embedded in legislation as they say their...
Federal Reserve to oversee digital asset activities for US banks
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11 August, 2023

Federal Reserve to oversee digital asset activities for US banks

Under a new program, the Federal Reserve will expand its oversight on novel banking activities like digital assets and other...
Disney builds task force to improve operations amid growing anti-AI sentiments
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11 August, 2023

Disney builds task force to improve operations amid growing anti-AI sentiments

Disney strengthens its AI task force to pioneer innovative applications across the company, aiming to cut costs, enhance theme park...
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