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Microsoft and Apple renounce OpenAI board membership

[Jul 10 1:33 AM] After investing $13 billion in OpenAI in 2023, Microsoft is distancing itself from the AI startup amid growing scrutiny from regulators.

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued 

[Jun 15 7:20 AM] The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection…

Nigerian crypto community raises alarm over Davido meme token

[May 30 6:39 AM] Davido has remained silent amid criticism about pump-and-dump schemes and regulatory scrutiny.

Polymarket raises $70M from Vitalik Buterin, Founders Fund

[May 14 8:21 AM] Amid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket has secured funding to expand its global operations despite restrictions.

Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

[Jun 9, 2023 11:30 AM] Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its…

Coinbase Becomes the Latest Target of SEC: Accused of Unregistered Brokerage and Securities Violations

[Jun 6, 2023 7:13 AM] After the U.S. Securities and Exchange Commission (SEC) sued Binance, it has now filed a legal case against the San Francisco-based exchange, Coinbase. The SEC alleges that Coinbase breached multiple securities regulations and has been functioning…

Ethereum Price to Peak at $2,758 This Year, Then Fall to $2,342 by 2023’s End, Finder Experts Say

[Apr 27, 2023 10:00 AM] A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest…

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

[Mar 8, 2023 4:38 PM] At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and…

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

[Feb 11, 2023 1:30 PM] During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on…