OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.
Crypto Wet Articles
Bolivia reports 100% rise in virtual asset trading since lifting Bitcoin ban
The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.
Leveraged MicroStrategy ETFs break $400M as ‘hot sauce arms race’ heat up
The ETFs add leverage to MicroStrategy’s already levered-up Bitcoin strategy, and investors can’t seem to get enough.
Chinese gov’t mulls anti-money laundering law to ‘monitor’ new fintech
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
Bitcoin ETFs may face hacker threats, Ellison seeks no prison time, and more: Hodler’s Digest, Sept. 8 – 14
Caroline Ellison’s lawyers say she “poses no threat to public safety” and Bitcoin ETFs attractive to hackers due to the potential payout.
Crypto may swing election in battleground states — Law professor
According to a 2024 analysis by the Federal Reserve, 7% of adults in the United States currently hold or have used crypto in the past.
Does Hong Kong’s slow approach to crypto regulation risk stifling digital asset growth?
Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry.
USDC issuer Circle announces HQ move to New York ahead of IPO
2025 could bring stablecoins into the mainstream, after 2024 introduced a “turning point year in crypto,” according to Circle’s Allaire.
Meta to resume AI training in UK after regulatory pause
The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.
SEC ‘regrets any confusion’ from dubbing tokens as securities: filing
The retraction arose from the SEC’s lawsuit against Binance, but the agency is still pursuing claims against the crypto exchange for alleged securities law violations.
Brazil lifts freeze on Starlink, X accounts after $3M fine payment
The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country.
Sam Bankman-Fried files appeal for felony conviction
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.