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Elon Musk blocked OpenAI’s ICO idea because ‘crypto damages credibility’
Elon Musk killed OpenAI’s plan to launch an initial coin offering (ICO) in 2018. The billionaire said it would destroy the company’s reputation, according to court filings submitted on Nov. 14. Elon’s decision blocked co-founders Sam Altman and Greg Brockman, who wanted to sell tokens to raise funds for the nonprofit AI startup. “It would […]Cryptopolitan
Nov 15, 2024
Pennsylvania bill proposes $700M Bitcoin allocation from state treasury
Pennsylvania lawmakers have proposed a bill to pump $700 million of the state’s treasury into Bitcoin. The Pennsylvania Bitcoin Strategic Reserve Act wants to throw 10% of the state’s $7 billion into the world’s most famous cryptocurrency. If it passes, Pennsylvania will become the first state in the country to stash Bitcoin in its treasury. […]Cryptopolitan
Nov 15, 2024
Upbit accused of large-scale KYC breaches, possible money laundering links
South Korea’s Financial Intelligence Unit (FIU) of the Financial Services Commission is investigating Upbit for what could be one of the largest KYC scandals in crypto history. Authorities have reportedly uncovered between 500,000 and 600,000 suspected breaches of customer verification rules. These violations came to light during a detailed review of Upbit’s business license renewal. […]Cryptopolitan
Nov 15, 2024
Solidion Technology adopts Bitcoin as a corporate treasury asset
Solidion Technology has announced a corporate treasury strategy involving buying Bitcoin using excess cash reserves. The company said in a press release that Bitcoin is a strategic asset and, therefore, a long-term store of value.Cryptopolitan
Nov 15, 2024
Elon Musk cleared from Dogecoin rigging lawsuit
Crypto investors who appealed the Aug 29 dismissal of the case against Elon Musk for fraud and insider trading are taking the lawsuit back. In addition to the withdrawal of their appeal, the investors are letting go of the sanctions against Musk’s lawyers. They previously alleged that Tesla’s CEO’s lawyers were fraudulently interfering in the […]Cryptopolitan
Nov 15, 2024
EU’s strict screening measures signal a regulatory shift in crypto
The European Banking Authority (EBA) has released guidelines to enhance compliance for financial institutions, payment service providers (PSPs) and crypto asset service providers (CASPs) in the European Union (EU).Fxstreet
Nov 15, 2024
Norway’s financial task force warns against rushing in CBDC
Norway’s financial task force has warned against introducing central bank digital currency. It recommends policymakers to establish a strong regulatory framework for a safer future rollout. On 15th November a Bloomberg report shared the Norwegian committee’s recommendation for steady and slow adoption of the CBDC. The report which was submitted to Trygve Slagsvold Vedum, Norway’s […]Cryptopolitan
Nov 15, 2024
Layoffs at JUMPSHIP as Thunderful ends development of Sommerville spiritual successor
Thunderful Games announced that it will be taking a new strategic approach by conducting layoffs that will also affect JUMPSHIP studio. JUMPSHIP co-founder Dino Patti also announced that the layoffs mean canceling Sommerville's spiritual successor, codename #ThreeOne. Patti also warned other game studios not to partner with Thunderful.Cryptopolitan
Nov 15, 2024
