Everything web3, crypto, defi, degen
In brief Romania’s gambling regulator blacklisted Polymarket in the country. The regulator said it meets the definition of counterparty betting as users put up a stake, and a future event determines the outcome. Of particular concern was expanding volumes on Romanian elections, which have stretched into the millions of dollars. Leading prediction market Polymarket was…
In brief Bitcoin has typically performed well during October—dubbed “Uptober” by observers. But this year, the leading cryptocurrency finished the month in the red. Experts told Decrypt that a number of factors influenced the drawback. Despite a roaring start and fresh all-time high early on in October, the expected “Uptober” turned into a real downer…
In brief Senator Chris Murphy (D-CO) has alleged that Binance helped facilitate Trump’s “corrupt crypto coin” and UAE deals in exchange for a presidential pardon of founder Changpeng Zhao. Binance listed Trump’s USD1 stablecoin on Tuesday, one week after Zhao’s pardon, prompting Murphy to call the White House a “24/7 corruption machine.” Democrats, including Maxine…
In brief Character.AI will remove open-ended chat features for users under 18 by November 25, shifting minors over to creative tools like video and story generation. The move follows last year’s suicide of 14-year-old Sewell Setzer III, who developed an obsessive attachment to a chatbot on the platform. The announcement comes as a bipartisan Senate…
In brief The bill targets AI chatbots and companions marketed to minors. Data has shown widespread teen use of AI for emotional support and relationships. Critics say companies have failed to protect young users from manipulation and harm. A bipartisan group of U.S. senators on Tuesday introduced a bill to restrict how artificial intelligence models…
In brief ASIC has released an updated version of Info Sheet 225, expanding how financial-services laws apply to digital assets, including stablecoins, staking, and tokenized products. The guidance introduces new custodial standards and 18 classification examples while reaffirming that Australian law applies to offshore and decentralized platforms serving local users. The update aligns with Treasury’s…
In brief In a report Monday, the Bank of Korea challenged the notion that technology alone can ensure currency stability. The central bank cited depegging risks, noting that major stablecoins like USDC fell to $0.88 during Silicon Valley Bank’s 2023 collapse. Meanwhile, South Korean companies are advancing won-pegged stablecoin pilots, including BDACS’s successful KRW1 test…
In brief The California lawmaker announced plans to ban elected officials from owning or creating cryptocurrencies, calling it a response to corruption concerns. Khanna linked the proposal to President Trump’s pardon of Binance founder Changpeng Zhao, which he described as “blatant corruption.” He previously authored the 2023 Ban Congressional Stock Trading Act, aimed at preventing…
In brief The bill would void any attempt to marry or form a personal union with an AI system. Humans—not machines—would bear full legal responsibility for AI-related harm. The proposal makes Ohio a leader in defining legal limits for artificial intelligence. Artificial intelligence may be clever, but it can’t say “I do.”A measure introduced by…
In brief President Trump granted a full pardon to Binance founder Changpeng “CZ” Zhao, who served four months for violating U.S. anti-money-laundering laws. Top Democrats, including Maxine Waters and Elizabeth Warren, condemned the move as “pay-to-play corruption” tied to Trump’s crypto ventures. Trump said he pardoned Zhao “at the request of a lot of very…
