Crypto Updates

Musk hints at suing Microsoft, US Rep wants Gary Gensler fired…

Musk hints at suing Microsoft, US Rep wants Gary Gensler fired...

Top Stories This Week

Elon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data

Microsoft has been threatened with a lawsuit from Twitter CEO Elon Musk, who claimed the Big Tech firm “illegally” trained its artificial intelligence on Twitter data. The entrepreneur suggested that Microsoft mined user tweets to train its AI-powered applications. Musk tweeted that it was “lawsuit time” after reports that Microsoft would cease supporting Twitter across its online social advertising tools. Musk and Microsoft are believed to be at odds over artificial intelligence. The tech billionaire is developing a ChatGPT rival known as “TruthGPT”. Microsoft owns a 49% stake in OpenAI, the company behind ChatGPT.

Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach

U.S. Representative Warren Davidson announced plans to introduce legislation to fire Securities and Exchange Commission Chair Gary Gensler. According to the lawmaker, the upcoming bill is meant to “correct a long series of abuses.” Davidson disclosed the plan after the SEC’s latest attempt to revisit the definition of “exchange.” The week wasn’t the best for Gensler. During an oversight hearing, Gensler was heavily criticized for his approach on crypto assets.

Australia installs more Bitcoin ATMs than whole of Asia

Australia surpassed the continent of Asia in terms of the total number of crypto ATMs installed. Since the beginning of 2023, the country has been on a crypto ATM installation spree, climbing from fifth to third position in the rank in January alone. Data from Coin ATM Radar confirms that Australia has kept up the effort to install avenues for fiat-to-crypto conversions, reaching 364 crypto ATMs across the country, behind the United States and Canada.

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Societe Generale subsidiary launches euro-pegged stablecoin on Ethereum

Societe Generale-Forge, a regulated subsidiary of French banking firm…

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