Crypto and AI: Contrasts and Compatibility
<p>The breakout tech story of the moment is around ChatGPT, which has been garnering significant interest and a lot of positive commentaries.</p><p> Developed by the...
US’ CFTC Charges Bankman-Fried, FTX.com and Alameda with Fraud
<p class=”MsoNormal”> On Tuesday, the Commodity Futures Trading Commission (CFTC), the United States derivatives market regulator, charged Sam Bankman-Fried, the Founder and former CEO of...
FMA Warns against Crypto Fraudsters and Impersonators
<p> The Financial Markets Authority (<a href=”https://www.financemagnates.com/tag/fma/” target=”_blank” rel=”follow”>FMA</a>), New Zealand’s regulatory market watchdog, issued two crypto scam warnings on Monday, alerting against a potential...
Sam Bankman-Fried Arrested in the Bahamas amid US Criminal Charges
<p>The Royal Bahamas Police arrested the Founder and former CEO of FTX, <a href=”https://www.financemagnates.com/cryptocurrency/sam-bankman-fried-finds-attorney-ftx-probes-build-up/” target=”_blank” rel=”follow”>Sam Bankman-Fried</a>, on Monday evening (local time) after criminal charges...
OneCoin’s Co-Founder Karl Greenwood Pleads Guilty to Wire Fraud
<p class=”MsoNormal”>Karl Greenwood, the Co-Founder of OneCoin, the multi-billion dollar cryptocurrency pyramid scheme, has pleaded guilty to charges of wire fraud and money laundering in...
Canada’s CSA Labels Stablecoins as ‘Securities and/or Derivatives’
<p>The Canadian Securities Administrators (CSA) is strengthening its oversight of the cryptocurrency industry following the collapse of FTX. It has expanded its requirements for crypto...
In FX Talent Wars, Demand Gives Candidates the Upper Hand
<p> According to Glassdoor (which collates salary data submitted anonymously), the average base salary for an <a href=”https://www.financemagnates.com/tag/fx-trading/” target=”_blank” rel=”follow”>FX trader</a> in the UK in...
FTX Seeks Permission to Sell 4 ‘Independent’ Subsidiaries
<p>The collapsed crypto exchange, <a href=”https://www.financemagnates.com/tag/ftx/” target=”_blank” rel=”follow”>FTX</a> has filed a motion in the United States Bankruptcy Court seeking permission to sell four subsidiaries. FTX...
New York Regulator Mandates Crypto Permission for Banks
<p class=”MsoNormal”>The New York Department of Financial Services (NYDFS) has published guidance that requires banking firms under the State of New York to seek advance...
Australia Aims to Regulate Crypto under Financial System Makeover
<p> The Australian government wants to legislate the cryptocurrency industry and crypto service providers in 2023, according to a country’s Treasury statement released on Wednesday....