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- US prosecutors to issue superseding indictment against Sam Bankman-Fried next week.
- Federal Reserve creates a ‘Novel Activities Supervision Program’ to oversee new financial technologies.
- BlackRock and Invesco insiders claim Bitcoin ETF approval expected within six months: Mike Novogratz.
US Prosecutors To Issue Indictment Against Sam Bankman-Fried
US prosecutors are set to issue a superseding indictment against Sam Bankman-Fried, the chief executive officer of FTX cryptocurrency exchange. The announcement follows a recent investigation into alleged money laundering activities at the firm. The details of the superseding indictment have not yet been made public.
Federal Reserve Creates ‘Novel Activities Supervision Program’
The Federal Reserve has announced that it is creating a new program called the Novel Activities Supervision Program (NASP). This new program will focus on overseeing and regulating emerging financial technologies such as cryptocurrencies. The program will be responsible for monitoring financial activities related to virtual currencies in order to ensure compliance with applicable laws and regulations.
Hong Kong Securities Regulator Warns Unlicensed Platforms
Hong Kong’s securities regulator has warned unlicensed virtual asset trading platforms that they may face steep fines or even imprisonment if found to be operating without authorization. The warning highlights the importance of obtaining proper regulatory licenses when engaging in cryptocurrency trading activities in order to ensure compliance with local laws and regulations.
Tim Cook: AI & Machine Learning Are Building Blocks Of Apple Products
Tim Cook, Apple’s CEO, recently remarked that artificial intelligence (AI) and machine learning are building blocks of “virtually every product” Apple is building today. He also noted that these technologies are helping Apple create products that can better understand users’ needs and provide personalized experiences for them.
