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The Latest Breaking News from Crypto

OpenAI's CEO to get $100 million to scan everyone's eyes for new crypto project

The father of ChatGPT seeks to use iris-scanning tech for his new global cryptocurrency Worldcoin. Here's all you need to know.

TechRadar

Brooklyn-based Coin Cafe ordered to return $4.3 million to 'defrauded' crypto investors by New York New York attorney general

The move comes two weeks after the office proposed sweeping crypto legislation for New York State.

Fortune

Is crypto trading the same as gambling? This U.K. parliament committee thinks so, and most crypto advocates—unsurprisingly—disagree

The Treasury Committee in the House of Commons said crypto assets have "no intrinsic value."

Fortune

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Coinbase Cloud joins Chainlink as a node operator in a bid to improve crypto infrastructure

The infrastructure provider tied to U.S. crypto exchange Coinbase is the latest of several high profile names to become node operators.

Fortune

Future of Finance: PwC’s Oliver on how 'fintech is becoming crypto'—and approaching the point where 'there is no paper money'

The PricewaterhouseCoopers partner also said that when the dust finally settles, most of the biggest names in finance won’t be going anywhere.

Fortune

Treating cryptocurrencies as gambling would be 'a backwards step'

A government committee report has proposed new regulation for the nascent industry

Insider UK

Shaq’s been on TV nonstop during the NBA playoffs—but here’s the strange tale of how he avoided FTX crypto class action papers for months

The chase was part of a much publicized, multi-billion dollar class action suit brought against eleven celebrities who’d famously promoted the bankrupt crypto exchange FTX.

Fortune

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OPINION - Tech & Science Daily podcast: Should crypto trading be treated like a type of gambling?

The Treasury Committee says that consumer cryptocurrency trading should be regulated as gambling.

Evening Standard

EU passes the world's first regulatory framework for crypto

Satoshi Nakamoto does not approve of this message.

PC Gamer

Crypto legal maneuvering could create a nightmare scenario for liberals

Why Coinbase’s lawsuit against the SEC is more than what it seems.

Fortune

Ripple acquires crypto custodian Metaco for $250 million

The company declined to provide additional details on the deal.

Fortune

The MPs are right -- bitcoin is just gambling and should be treated as such

City Comment: Forget the UK as a global crypto hub

Evening Standard

Cryptocurrency trading should be regulated as gambling, says Treasury Committee

Unbacked cryptoassets pose significant risks to consumers, given their price volatility and the risk of losses, the committee said.

The Independent UK

Cryptocurrency trading should be regulated as gambling as it ‘serves no useful purpose’ otherwise, MPs say

The Committee said regulating cryptocurrencies as financial products risked giving people a false sense of security in the assets

Evening Standard

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Fortune

MiCA drop: Europe seals the deal on the world’s first comprehensive crypto law

The crypto sector loves the EU's new law for the certainty and consistency it promises.

The Independent UK

Crypto rules get final approval to make Europe a global leader on regulation

European Union states have given final approval to a sweeping set of beefed-up cryptocurrency rules, giving the 27-nation bloc a global lead in regulating the freewheeling sector

Fortune

Jump's sleazy Terra deal is another black eye for crypto

A secret deal between the creator of the failed stablecoin Terra and a prominent trading firm is a bad look for the industry.

Fortune

Jump Trading made $1.28 billion by secretly propping up Terra a year before the algorithmic stablecoin collapsed, court filings show

Jump Trading reportedly profited $1.28 billion from the arrangement.

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Zenger

Hong Kong Banks Looking To Be The Leader In Cryptocurrency Moving To Virtual Assets

Hong Kong is encouraging banks to cater to the needs of licensed virtual-asset firms — a move that highlights the city's ambition.

Fortune

OpenAI’s Sam Altman approaches $100 million in funding for Worldcoin, the crypto project that scans your irises to prove you’re not a robot

Worldcoin plans to publicly launch out of beta in the first of half of 2023.

PC Gamer

Dark web crypto-drug traffickers 'can try to hide in the furthest reaches of the internet, but the Justice Department will find you'

With a fentanyl epidemic on its hands, the US Department of Justice has just made its biggest bust yet targeting the dark web.

Evening Standard

How to buy Cardano (ADA)

Cardano and its native cryptocurrency ADA were created by one of Ethereum’s co-founders in 2017.

The Guardian - US

The apocalypse isn’t coming. We must resist cynicism and fear about AI

Remember when WeWork would kill commercial real estate? Crypto would abolish banks? The metaverse would end meeting people in real life?

Fortune

Sam Altman is plowing ahead with nuclear fusion and his eye-scanning crypto venture—and, oh yeah, OpenAI

His plans for A.I., crypto, and nuclear fusion energy are all disruptive—and connected.

Fortune

Grimes and Bitcoin: How crypto and the open-source movement offer lessons for the music industry in the age of A.I.

The music industry wants to crack down on A.I.-generated songs. Grimes is trying a different approach.

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