This week’s Crypto Biz explores Kraken’s stablecoin plans in Europe, the departure of Grayscale’s CEO, Prometheum’s Ether custody service that treats ETH as a security,
Read moreEU says ChatGPT outputs too much false information to comply with rules
While the assessment remains ongoing, OpenAI appears to have made little in the way of progress since 2023.
Read more
Kraken Insists It Will Keep USDT Listed in European Markets
Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg,
Read moreMicrosoft faces multi-billion dollar fine in EU over Bing AI
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.
Read moreKraken considers dropping USDT in Europe ahead of new regulations
With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing.
Read moreDeFi may struggle to stay decentralized after new EU law
DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models.
Read more