Microsoft has agreed to pay $20 million to settle claims made by the US government that it improperly collected children’s personal information through its Xbox Live gaming service, violating their right to privacy.
After suing Binance, the Securities and Exchange Commission (SEC) is now suing Coinbase, the largest US cryptocurrency platform, claiming that it is operating illegally since it did not register as an exchange.
UK’s non-statutory AI Council official expresses support for regulation of technology by the US, EU, and UK, and warns of potential ban on powerful AGI systems in the future.
JPMorgan Chase & Co. has initiated a pilot program in partnership with prominent private lenders in India to settle interbank dollar transactions using its blockchain platform, Onyx, according to Bloomberg.
Elon Musk has reclaimed his title as the world’s richest person with a net worth of $192 billion, thanks to the 66% rise in Tesla shares this year, according to Forbes’ Real Time Billionaires List.
Following the lawsuits filed against Binance and Coinbase for allegedly offering unregistered securities, the individual who has long been an advocate for Bitcoin has taken to Twitter to share posts advocating for a greater emphasis on the development of BTC.
Although there is a possibility that Ether may violate SEC regulations in the future, current significant metrics indicate that ETH is likely to maintain its position at the $1,800 level.
The enhancement is a component of a sequence of revisions aimed at augmenting modularity in the OP Stack. This will enable developers to establish their own networks using the software.
Investors are moving towards safer assets like Bitcoin and stablecoins as Glassnode’s report suggests altcoins are at a critical juncture between a bullish and bearish breakout, with concerns over regulations and insufficient liquidity contributing to a preference for lower-risk assets.
Summary: The regulatory landscape for cryptocurrencies remains uncertain as lawsuits against Binance and Coinbase have led to a significant decline in transfer volume and trading prices, despite SEC’s efforts to classify crypto assets as securities.
