#Tether responds to US lawmakers’ calls for DOJ action

Admin3 years ago02 mins

Tether has reacted to lawmakers’ requests for DOJ action over its stablecoin use, claiming it wants to be a “world class partner to the U.S.” <p>Tether, the company behind the stablecoin Tether (USDT), <a rel=”nofollow noopener” target=”_blank” href=”https://tether.to/en/tether-releases-letters-shared-with-the-us-senate-committee-on-banking-housing-and-urban-affairs-and-the-us-house-financial-services-committee/”>disclosed</a> letters directed to U.S. legislators, addressing requests for intervention by the Department of Justice in relation to…

#Vivek slams Gary Gensler and 'three-letter agencies’ during pres debate

Admin3 years ago02 mins

Presidential candidate Vivek Ramaswamy has slammed Gary Gensler and the SEC at the Republican presidential debate. <p>Presidential hopeful Vivek Ramaswamy came down hard on SEC chair Gary Gensler and other “three letter agencies” during the recent Republican presidential debate, claiming that regulators had failed to keep up with crypto. During the 4th Republican presidential debate…

#Binance’s explosive growth led to compliance failures – CEO Richard Teng on .3B settlement

#Binance’s explosive growth led to compliance failures – CEO Richard Teng on $4.3B settlement

Admin3 years ago03 mins

The new CEO of Binance takes stock of the exchange’s future following a landmark $4.3 billion settlement with United States authorities in a one-on-one interview with Cointelegraph. <p>“As part of the settlement, CZ cannot be involved in the day-to-day running of the company’s operations,” Richard Teng explains. Despite that, the incumbent CEO of Binance cuts…

#Terraform Labs and SEC lawyers spar over whistleblower in court: Report

Admin3 years ago03 mins

Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial. <p>Lawyers representing the United States Securities and Exchange Commission and Terraform Labs and co-founder Do Kwon sparred in court over information provided by a whistleblower in the securities…

# IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete

Admin3 years ago05 mins

Experts predict the global quantum computing sector will have grown from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth than others. IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the…

#Christie concedes some credit to Biden, while criticizing deal as ‘lopsided’ toward Hamas

Admin3 years ago04 mins

2024 Republican presidential candidate Chris Christie said on Sunday that President Biden deserves credit for helping release the hostages in Gaza, but he criticized the deal as “lopsided” in favor of Hamas. “Look, I think that any time there’s return of hostages, that’s incredibly helpful. And President Biden and his administration has played a role…

# California governor calls for statewide generative AI training

Admin3 years ago04 mins

In a recent report, California Governor Gavin Newsom emphasized the significance of preparing for the next generation of skills essential to thrive in the GenAI economy. California Governor Gavin Newsom has stressed the importance of people staying ahead of the curve in generative artificial intelligence (GenAI) by acquiring new skills and becoming acquainted with the…

# OpenAI to rehire Sam Altman as CEO with new initial board members

Admin3 years ago05 mins

OpenAI says it has reached an agreement in principle for Sam Altman to return as CEO, with a new board including Bret Taylor as chairman, Larry Summers, and Adam D’Angelo. Just two days after Microsoft CEO Satya Nadella hired former OpenAI CEO Sam Altman to lead a new advanced AI research team, OpenAI backtracked on its…

# SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds

Admin3 years ago04 mins

The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency. The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it commingled customer funds and failed to register as a securities exchange, broker, dealer, and clearing agency with the regulator. In a Nov. 20 complaint in a California District Court,…

# Cybersecurity expert backs Sen. Warren’s crypto bill in senate hearing

Admin3 years ago04 mins

In a recent senate hearing, a cybersecurity professional openly endorsed Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act. Senator Elizabeth Warren has emphasized the risks of cryptocurrency scams targeting senior citizens in the U.S., with the support of a cybersecurity expert endorsing her legislation on digital assets to prevent future scams. In a recent senate…