U.S. CFTC Seeks Input on AI Use in Derivatives Markets

by Александр Пирогов | Jan 29, 2024 | Blog News

The U.S. Commodity Futures Trading Commission (CFTC) has issued a request for comments (RFC) to gather insights into how regulated entities use artificial intelligence (AI) in their compliance efforts and other applications within derivatives markets. The CFTC is...

U.S. Lawmakers Call for Legislation Against Deepfake Images Following Taylor Swift Incident

by Александр Пирогов | Jan 29, 2024 | Blog News

Lawmakers in the United States are urging the enactment of legislation criminalizing the production of deepfake images after explicit fake photos of Taylor Swift circulated on various social media platforms, including X and Telegram. Representative Joe Morelle...

Regulatory Challenges Mount for Binance.US as Alaska and Florida Take Action

by Александр Пирогов | Jan 29, 2024 | Blog News

Binance.US, the U.S. subsidiary of Binance, is facing increased regulatory challenges with recent actions taken by authorities in Alaska and Florida. The Florida Office of Financial Regulation has suspended Binance.US from operating, citing an “immediate...

Extradition of HashFlare Co-Founders to the U.S. Approved by Estonia

by Александр Пирогов | Jan 29, 2024 | Blog News

Ivan Turogin and Sergei Potapenko, co-founders of the now-inactive Bitcoin cloud mining platform HashFlare, are set to be extradited from Estonia to the United States. The Estonian government has met the necessary conditions to resume the extradition process. Turogin...

Meta to Build $800 Million Data Center in Indiana

by Александр Пирогов | Jan 26, 2024 | Blog News

Meta (formerly Facebook) has announced plans to build a new data center in Jeffersonville, Indiana, at a cost of $800 million. The 700,000-square-foot campus will support Meta’s global data needs, including its artificial intelligence (AI) operations....

Cryptocurrency Lending Platform Nexo Submits $3 Billion Arbitration Claim Against Bulgaria

by Александр Пирогов | Jan 26, 2024 | Blog News

Cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that these actions harmed its...