Reading Time: < 1 min Cryptocurrency exchange FTX is seeking clawbacks from Bybit, alleging that the exchange facilitated illegal trades by FTX customers. Bybit has denied any wrongdoing, but Coinbase has warned its customers that they may be subpoenaed by the CFTC as part of an investigation into Bybit.
Reading Time: 3 min Explore the legal complexities surrounding businesses rejecting cash in Australia and the potential violation of legal tender laws. Delve into the Currency Act 1965, which designates coins and banknotes as legal tender, and examine the ambiguity that allows businesses to refuse cash. Uncover the arguments revolving around equal access to goods and services, and the potential discriminatory impact of cashless policies. Gain insights into global legal challenges and precedents, considering how they might shape the Australian legal landscape. As the digital economy advances, discover the evolving considerations for policymakers and the delicate balance between innovation and inclusivity in business practices.
Reading Time: 2 min In a move that cements his status as one of the world’s most successful entrepreneurs, Bijan Tehrani, the co-founder of the cryptocurrency casino Stake.com, has purchased a lavish $47 million mansion in New York City that was once owned by the Rockefeller family. The opulent townhouse, located at 146 East 65th Street, stands as a testament to Tehrani’s meteoric rise in the world of cryptocurrencies and online gaming.
Reading Time: 2 min The Australian government has proposed a regulatory framework for digital asset platforms, aiming to balance innovation with consumer protection. The framework introduces licensing requirements, minimum standards, and a new financial product called a “digital asset facility.” However, it faces challenges due to political uncertainties, regulatory complexity, and the evolving nature of digital assets. The consultation period ends on December 1, 2023, and an exposure draft of the legislation is expected in 2024.
Reading Time: 4 min Sam Altman’s departure from OpenAI and the ensuing debate over Worldcoin’s privacy practices have sparked a crucial conversation about the ethical implications of emerging technologies. As AI continues to permeate our lives, it is imperative to establish clear guidelines and frameworks that safeguard individual privacy and protect fundamental human rights. This article delves into the complexities surrounding Altman’s exit, Worldcoin’s controversial iris scanning technology, and the broader ethical considerations surrounding AI development.
