OpenAI CEO Sam Altman expresses his positive outlook on the prospects of global AI coordination, emphasizing the need for collaboration and cooperation among nations.

Sam Altman, the CEO of the trendy OpenAI chatbot, ChatGPT, in a series of recent interviews, has shared his optimism regarding the global coordination of artificial intelligence (AI) efforts. Serving as the prominent representative of this innovative startup, supported by the influential Microsoft Corp, the CEO has embarked on a captivating expedition, seizing opportunities to leverage the growing interest in generative AI and shape the regulations governing this burgeoning technology.
During his remarkable journey, OpenAI CEO Altman addressed an audience of students in Tokyo, confessing that he initially approached the

There are ongoing efforts to classify Ethereum. As of now, a final decision is yet to be reached regarding whether it should be considered a security or not. Considering the arguments, predicting the final outcome is challenging.

With the recent noise about cryptocurrency regulation and events such as crypto exchanges being sued for offering unregistered securities, there have been varying views from experts and high-profile individuals about the state of some specific cryptocurrencies. One of them is a recent comment by Jack Dorsey, the former Twitter CEO, arguing that Ethereum is a security.
A Twitter user named Ali asked Jack if Ethereum is a security, and Jack responded “Yes”. Many people reacted to his comment, many of whom were offended and disagreed with him. While many commented

Top crypto companies rank amongst the largest Fintech companies in America despite market challenges.

Forbes has released its annual list of the top ten largest fintech companies in the US, providing insights into the dynamic landscape of the financial technology industry. However, this year’s list includes a disclaimer due to the market downturn’s impact on fintech valuations.
First on the list was payment processing giant Stripe. The crypto-friendly firm, founded by Irish brothers Patrick and John Collison, ranked first on the list despite experiencing a valuation decline from $95 billion recorded in 2021 to $50 billion in March 2023. The company has been topping the chart since 2021.

The payment processor has played a pivotal role in facilitating online business transactions,

Agoria is revolutionizing the music industry by granting fans ownership rights to his upcoming album through NFTs, creating a unique and immersive experience for his audience.

Renowned French DJ, producer, and NFT artist Agoria is spearheading a groundbreaking initiative that challenges the traditional norms of the music industry. In an exciting move, Agoria is giving fans the chance to own his upcoming album through non-fungible tokens (NFTs). This innovative approach not only bridges the gap between the artist and their fans but also transforms the concept of ownership in the digital age.
By leveraging the power of blockchain technology, Agoria aims to provide a unique and immersive experience for his fans. NFTs, which are digital assets that represent ownership or proof of

Representatives from Coinbase, Robinhood, and the Commodity Futures Trading Commission, among others, will speak at a House Agriculture Committee hearing on digital asset regulation about the recently released draft crypto bill.

United States legislators put forth a crypto bill to provide clear regulations for cryptocurrency, its users, and companies. The 162-page bill attempts to establish regulatory jurisdiction and definitions. However, it was also acknowledged that the bill would require extensive reviews. One is the House Agriculture Committee hearing on digital asset regulation today.
Coinbase and the CFTC are among those expected to testify in Congress. The event is titled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets”. The purpose of the

The US SEC has mysteriously deleted Hinman’s biography from its website ahead of the court’s imminent order to disclose unredacted emails from Hinman’s communications.

The United States Securities and Exchange Commission (SEC) erased the biography of former commissioner William Hinman from its website eight days before the court demanded the financial watchdog to provide unedited copies of all of Hinman’s emails in its case against Ripple Labs.
Before now, the SEC’s website contained important information about Hinman’s employment history, roles, and advisory contributions to the Commission. However, the updated biography now presents only his name, photograph, and his former position as the Director of the Division of Corporation Finance unit from May 2017 to December 2020.

Neuralink, the brain-computer interface company founded by Elon Musk, reached a valuation of $5 billion after gaining approval for human trials, increasing by over 150% in less than two years.

Neuralink, the American neurotechnology company dedicated to the development of brain-computer interfaces, founded by Elon Musk, reached a valuation of $5 billion in private share transactions, according to several sources interviewed by Reuters.
The startup of billionaire Elon Musk achieved this milestone thanks to the recent approval by US regulators to begin the human trials phase.

Neuralink Valuation Has Increased by Over 150% in Less Than Two Years
Although some experts have stated that it may take several years for the company to obtain regulatory approval for commercial use, many

The Metropolitan Museum of Art in New York City cited ethical concerns surrounding the cryptocurrency exchange’s operations while has announcion its decision to return $550,000 in donations received from FTX.

The Metropolitan Museum of Art (Met Museum), renowned as one of the United States’ most esteemed cultural institutions, has made the decision to return a substantial donation of $550,000 that was generously contributed by the cryptocurrency exchange FTX.
Court filings to the United States Bankruptcy Court on Friday disclosed that the Met has chosen to return the donations it had received from FTX shortly before the unfortunate collapse of the crypto exchange in November.

According to the court documents filed on Friday, the museum has opted to return the entire amount of the

XRP’s lawyer thinks the outcome could be determined by September based on recent events. In light of this, Ripple is allegedly meeting with investors to discuss their interest in an IPO.

As its legal battle related to XRP with the Securities and Exchange Commission (SEC) draws to a close, there are rumors that Ripple may conduct an IPO. Wall Street expert Linda Jones hinted at the possibility by outlining the advantages of a potential initial public offering. Linda used information from Linqto to determine the potential stock value of Ripple, from which she was able to determine each share’s price and its total worth. She concluded that with Ripple’s low price, having an IPO would most likely be favorable.
There are also reports that the company held a private roadshow in April. During

IMF director Kristalina Georgieva highlighted the stability of lending while urging the US Federal Reserve to consider further actions in response to an uncertain economic climate.

In a recent interview with CNBC, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), said that lending remains strong despite the uncertain economic environment affecting banks.
Georgieva’s remarks come as a reassuring voice amid concerns over the stability of lending in the current economic landscape. Despite the challenges faced by financial institutions, she underscored the resilience of lending activities.

The IMF chief urged the need to stay alert and flexible to adapt to changing trends. She further explained that despite concerns over the rigorous monetary policies

Payrolls rose 339,000 in May, exceeding expectations and indicating a resilient labor market.

The US economy continued to generate employment in May, despite macroeconomic challenges. Nonfarm payrolls increased to 339,000, significantly surpassing Dow Jones’ expectations of 190,000, as a result, May marked the twenty-ninth consecutive month of positive job growth in the country.
According to the US Bureau of Labor Statistics, although the unemployment rate rose to 3.7% compared to the estimated 3.5%, the labor market remained strong. Similarly, average hourly earnings increased by 0.3%, as expected, while annual wages rose by 4.3%, slightly below the estimate.

The term “payrolls” refers to the total number of employees receiving a salary or wage during a specific period. This

The fake $OPENAI token tweet remained active for about an hour.

Another story of hackers compromising the Twitter accounts of famous personalities to steal crypto has come to light with the news that OpenAI Chief Technology Officer Mira Murati’s account was hacked. A yet-to-be-identified entity managed to gain unauthorized access to her account.
The hacker used Mira’s Twitter account to promote a fake $OPENAI token airdrop, claiming that the token was motivated through AI-based language and would promote decentralization and encourage more people to participate in the Ethereum blockchain.

Mira Murati’s (CTO at @OpenAI) account has been hacked and is being used to promote crypto scams. The tweet is gaining 1k+ impressions per minute. pic.twitter.com/VekeRV1xDT
— Max Rdlb (@maxrdlb)

Coinbase Derivatives Exchange will start trading BTC and ETH perpetual futures on June 5, 2023, for non-US institutional clients only.

Leading American crypto exchange Coinbase has announced its plans to introduce futures contracts for Bitcoin (BTC) and Ether (ETH) in its newly launched derivative marketplace regulated by the Commodity Futures Trading Commission (CFTC).
The new venture, Coinbase Derivatives Exchange, officially debuted last month in Bermuda following approval from the country’s financial regulator, the Bermuda Monetary Authority (BMA).

The company said the derivative platform would enable traders to speculate on the prices of BTC and Ether using perpetual futures contracts, offering leverage of up to 5X. Furthermore, all trades conducted on the marketplace will be

FDUSD will not be used in Hong Kong until its stablecoin regulations are fully in place.

First Digital Group announced the introduction of its USD stablecoin FDUSD. The company, which has its headquarters in Hong Kong, is launching the stablecoin on the Ethereum and BNB blockchains.
Having a coin on multiple blockchains can facilitate better interoperability and broader adoption. It also heightens the chances of gaining access to a wider community and benefiting from each blockchain’s advantages. Lastly, this can also reduce the risk of over-dependence on one blockchain. The company’s plan is to list the coin on all the top exchanges.

The coin is regulated in Asia by reputable bodies to provide oversight and ensure transparent operations. First Digital also stated that the coin is

Gemini is looking to expand its business offerings across the UAE as regulators begin to accept applications for VASP licensing.

Leading cryptocurrency exchange Gemini has announced its plans to secure a license in the United Arab Emirates (UAE) to tap into the surging interest in digital assets in the region. The move aligns with the company’s commitment to catering to the evolving needs of investors and its plans to strengthen its position in the global crypto market.
In a blog post published on May 31, the American-based exchange, owned by the billionaire twins Cameron and Tyler Winklevoss, said it would soon begin the application process. If approved, the company will join other exchanges, such as Binance, Huobi Global, CryptoCom, Kraken, and Bybit which have already received the

The former SEC chief hinted that influencers adopt various strategies to deceive and mislead their followers into making uncalculated investment decisions. 

The US Securities and Exchange Commission (SEC) is increasing its efforts to regulate and enforce compliance among crypto influencers, as former SEC Chief John Reed Stark issues a stern warning about potential prosecutions.
In a Twitter post on Wednesday, Stark, who headed the SEC’s Internet Enforcement unit for 11 years, cautioned those social media personalities in the crypto space who have endorsed dubious projects and engaged in price manipulation in the past, assuring them that their end is near.

According to Stark, the days of social media crypto influencers operating without accountability are coming to an end. He

The Bahamas government’s response will determine whether to go on with or drop some of the cases.

Sam Bankman-Fried was apprehended last year in the Bahamas and subsequently transferred to the United States. The allegations against him involve multiple charges relating to financial fraud and the collapse of FTX. Bankman-Fried is charged with engaging in illegal activities, including allegedly working with former FTX executives to persuade American legislators to pass legislation that would benefit FTX. In carrying out these allegedly illegal actions, he managed to exceed the maximum contribution amounts the law permits. He was consequently accused of making illegal political contributions and bank fraud.
Bankman-Fried was additionally accused of crimes related to paying off a foreign

Laos has set up a committee to oversee legal compliance and draft appropriate legislation to prepare for the digital economy.

A conference organized by the Laotian government on May 26, 2023, brought together national blockchain and Web3 experts. The meeting’s goal was to discuss the implementation of blockchain 4.0 in Laos’ economic sectors.  The conference examined the digital potential of the nation and ways to apply digital technology to various sectors of the economy. According to reports, MetaBank and the government of Laos are working on a system to aid in the study and creation of the blockchain 4.0 initiative.
The Laotian government is actively pursuing the use of digital technology through Blockchain 4.0 in order to, among other things, raise the living standards of its

US presidential candidate Robert F. Kennedy Jr. shared his disapproval of SEC’s enforcement action against the crypto industry and plans to include crypto-friendly members on the board when elected president.

In an exclusive interview with TheStreet, Robert F. Kennedy Jr. (RFK Jr.), an aspiring US presidential candidate, criticized the Securities and Exchange Commission (SEC) for taking an enforcement approach to regulating the crypto industry.
Kennedy said such a heavy regulatory strategy might significantly affect the country’s digital asset ecosystem. When elected as president, he plans to appoint SEC staff with a favorable view of virtual assets to ensure that the US remains a hub for crypto.

“I don’t want people on the SEC commission who are anti-crypto,” Kennedy said. “At

PancakeSwap launched the play-to-earn game “Pancake Protectors”, integrating their native token CAKE and offering rewards up to 10,000 CAKE for top-ranked players.

On May 29th, PancakeSwap, the decentralized exchange (DEX) operating under the automated market maker (AMM) model, announced the launch of the play-to-earn (P2E) game “Pancake Protectors”, powered by GameFi Mobos’ PvP protocol.
Pancake Protectors is based on the subgenre of strategy games known as Tower Defense (TD), where players’ main objective is to protect territories or possessions by strategically placing defensive structures on the assigned map.

Pancake Protectors Promises to Be a Different P2E Game
According to PancakeSwap’s announcement, the exchange’s native token CAKE has already been integrated into the game,

Nvidia has announced that the DGX GH200 supercomputer should be ready by the end of 2023.

Jensen Huang, Nvidia CEO, made some announcements about the company’s DGX GH200 supercomputer during his presentation at Computex, an annual computer expo held in Taiwan. He mentioned that the supercomputer is being created to assist companies in creating generative AI models.
There has been a noticeable shift toward AI-assisted solutions provided by established and emerging tech companies due to numerous businesses integrating AI into their services. Unsurprisingly, the DGX GH200 will be involved in creating generative AI models. These neural network-powered models examine past data to find patterns and produce original, creative content. The DGX GH200’s emphasis on helping businesses in this area

The high demand for AI stocks has raised concerns about a possible bubble, as many investors are pumping funds into AI technologies. However, renowned economist Jeremy Siegel believes it’s not yet time for a bubble.

Investors are placing big bets on the potential for artificial intelligence (AI) as the technology continues to boom. While some have expressed concerns about a possible bubble forming in the AI market, Jeremy James Siegel, a renowned economist, and Russell E. Palmer, professor of finance at the Wharton University of Pennsylvania, remain optimistic, stating that it is not a bubble yet.
In an interview with CNBC on Monday, Siegel disclosed that the current situation differs from the dot-com bubble of the late 1990s, referring to a period between 1995 and 2000 when investors

The legal process is going on, with the next hearing scheduled for June 6th.

On May 25th, broker Ko Mo and former Coinone listing director Jeon Mo pleaded guilty to several charges during their first hearing before the judge.
According to local media, Ko Mo was accused of soliciting and delivering up to 6 million won in cryptocurrencies and cash to Jeon Mo and Kim Mo. Jeon, on the other hand, was accused of receiving payments in cryptocurrencies and cash totaling 1.92 billion won ($1.51 million) for listing coins such as “Furiever Coin”, which was linked to a kidnapping and murder investigation in Gangnam district, Seoul.

However, their lawyers argued that they have not yet had complete access to all the evidence records, so they will provide a final opinion after reviewing them.

Gemini also plans to expand its workforce after the EU adopted the new Markets in Crypto-Assets Regulations (MiCA), which were formally approved on May 16.

Cryptocurrency firm Gemini has revealed that Dublin, Ireland, will be the home of its new European headquarters. On May 25, Tyler and Cameron Winklevoss, owners of the crypto firm, told reporters that the established technology and innovation community, a strong regulatory landscape, and a huge talent pool were all factors that influenced their decision to choose Dublin.
The latest move has been dubbed as one that will see the American crypto firm spread its reach across the European continent.

The billionaire investors, who founded Gemini, also met with  Leo Varadkar, Prime Minister of the Northwestern European country, stating

The Brazil Central Bank Digital Currency will initially focus on wholesale interbank transaction payment solutions.

Banco Central do Brasil (the Central Bank of Brazil) plans to include more participants in its digital currency scheme. The list, released by the bank on May 24, includes the names of all the participants with whom the CBDC digital real is set to launch. The final list of 14 participants was compiled from 36 bids submitted by individuals and collaborating entities, totaling more than 100 institutions.
Brazil Digital Real Pilot Will Begin with 14 Participants, Including Visa and Microsoft
Intending to launch it fully in 2024, the Brazilian central bank announced the beginning of its Central Bank Digital Currency (CBDC) last year. The solution’s initial purpose is to ease

TradeBlock will officially begin the process of shutting down on May 31.

Digital Currency Group (DCG), a New York-based venture capital firm that invests and provides services to crypto companies is winding down its TradeBlock subsidiary.
According to a May 25 report from Bloomberg, the company, headed by Breanne Madigan, who previously worked at Goldman Sachs for 15 years, will begin the shutdown of the platform by the end of the month, specifically on May 31.

TradeBlock, dedicated to providing trade execution and prime brokerage services to only institutional investors, was purchased by CoinDesk, a crypto news media owned by DCG, through an undisclosed financial transaction in 2020.
Following the acquisition, the media house incorporated TradeBlock’s indexing services into its

Kwon is currently expected to show up in court on June 16.

The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were rejected due to insufficient document verification. After a lower court reviewed the documents, a bail motion was made but was ultimately rejected by the high court due to improper property valuation. As a result, Do Kwon will remain in custody for a longer period.
Do Kwon Arrested in Montenegro after Trying to Evade Capture
It is important to remember that Do Kwon was accused of playing a significant role in the collapse of Terraform Labs’ Luna ecosystem. He was suspected of engaging in fraudulent activities

OpenAI CEO warns of potential exit from Europe if the firm fails to meet regulatory requirements for the forthcoming AI rules.

OpenAI, the brains behind the famous and controversial artificial intelligence (AI) ChatGPT, said Wednesday that it might consider leaving Europe if it faces challenges complying with the upcoming AI regulations in the region. Based in the United States, OpenAI encountered a major legal snag in Italy last month when its Data Protection regulator banned it from processing user requests on suspicion of violating the European Union’s (EU) strict data privacy laws.
Although the data watchdog has since lifted the ban on ChatGPT, the firm is still not out of the loop as the EU is working to establish a comprehensive regulatory framework to police AI. If passed, the

Japan will implement stricter rules for exchanges, including the implementation of the FATF travel rule, to combat money laundering and ensure transparency in cryptocurrency transactions.

On May 23, Japan announced that it will implement stricter measures against money laundering (AML) in cryptocurrency transactions starting from June 1, in order to comply with global regulations.
According to Kyodo News, the decision to strengthen the regulations was made after a review of relevant laws in December, when it was determined that the existing measures were insufficient, according to the Financial Action Task Force (FATF), an international financial supervisory organization.

Japan to Implement Stricter Rules for Exchanges
One of the most notable features of the new regulatory

Dan Berkowitz, a former commissioner of the CFTC and former general counsel at the SEC, hinted that it is possible to categorize Ethereum as both a commodity and a security.

As cryptocurrencies grow more popular, there is a rising need for clarity about their legal status, as many people see them differently based on the regulatory provisions within their jurisdiction. In what seems like an addition to the ongoing talks about the regulatory status of Ethereum, Dan Berkovitz, a former commissioner of the Commodities Future Trading Commission (CFTC), said in an interview on the May 23 edition of the unchained podcast that Ethereum could be a security and, at the same time, a commodity.
According to him, Ethereum can fall under the Securities and Exchange Commission (SEC) and the CFTC