OpenAI mulls restructuring
The ChatGPT maker is considering turning its for-profit arm into a Delaware Public Benefit Corporation amid ongoing criticism of its legal structure.
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US lawmaker is most concerned about Treasury’s response to crypto
Exactly 3% of the United States Senate attended the Texas Blockchain Summit on Friday, all addressing their fellow lawmakers' understanding of crypto and blockchain. 307 Total views 9 Total shares Wyoming Senator Cynthia Lummis said the Treasury Department may be more of a threat to innovation in blockchain and cryptocurrencies in the United States than…

40 German Banks Seek Regulator’s Green Light to Offer Bitcoin Custody
On the heels of new Anti-Money Laundering laws, several German banks are reported to be seeking regulators’ go-ahead to offer digital assets services. Local newspaper Handelsblatt reported on Feb. 7 that Germany’s Federal Financial Supervisory Authority (BaFin) is dealing with a cascade of applications from 40 banks seeking to become regulated cryptocurrency custodians. As of Jan. 2020,…


Aptos Labs raises $150M, more than doubling valuation
According to Cointelegraph Research, VCs invested $14.67 billion into blockchain startups Q2. Web3 projects have attracted significant interest. 159 Total views 3 Total shares Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. The funding round…

Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire
The CEO of Circle joined Ripple’s Brad Garlinghouse and Asif Saleh of BRAC in a panel discussion at the World Economic Forum Annual Meeting. 187 Total views 2 Total shares Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and…

Bitcoin investment products still suffering outflows despite price recovery
While institutions are still withdrawing capital from Bitcoin investment products, money is flowing into Ethereum and altcoin products. 797 Total views 148 Total shares Institutional crypto products have seen their fifth consecutive week of outflows despite the bullish momentum in the markets. In its August 9 Digital Asset Fund Flows Weekly report, institutional asset manager CoinShares…

Celsius to appeal order that disallowed its $444M claim against FTX
The crypto lender made two claims, both of which were dismissed by Judge Dorsey for various reasons, including procedural shortcomings.

Binance secures 21st global crypto license in Brazil
The approval makes Binance the first crypto exchange to have a broker-dealer license in Brazil.