ChainCatcher news, recently Musk requested a U.S. court to stop the U.S. open artificial intelligence research center OpenAI from "illegally" transforming into a for-profit entity. A spokesperson for OpenAI stated that Musk's application is "repetitive and still baseless."In February of this year, Musk filed a lawsuit, claiming that when he provided funding and other support for the founding of OpenAI, there was an agreement with the company's two co-founders that OpenAI should be a "non-profit organization," but OpenAI violated its founding goals and mission by pursuing profit. In June, Musk withdrew this lawsuit, only to refile it in August.In November of this year, Musk's lawsuit against OpenAI escalated again, accusing OpenAI of attempting to monopolize the generative artificial intelligence market.

ChainCatcher message, in response to Bloomberg's report on FTX's lawsuit to recover $1.8 billion, a Binance spokesperson stated: "These claims are baseless, and we will vigorously defend ourselves."

ChainCatcher news, according to Ledgerinsights, the Basel Committee has released an update on compliance rules for banks regarding crypto assets. In the latest consultation, the committee threatened to treat traditional digital securities on public blockchains as having risks equivalent to cryptocurrencies. This would prevent banks from participating in tokenization programs on public blockchains due to the high costs involved.Additionally, the final changes removed the two largest proposed changes regarding stablecoins. The consultation suggested that all stablecoin reserves must be placed in bankruptcy remote vehicles. It is worth mentioning that the Basel Committee is also considering prohibiting the use of securities financing transactions such as repos and reverse repos in stablecoin reserves.

ChainCatcher news, according to Jin10 reports, based on market news, the Basel Committee has approved the risk disclosure framework and capital standards for banks regarding crypto assets.

ChainCatcher news, according to The Block, Coinbase and Circle are opposing various aspects of the Basel Committee on Banking Supervision proposal, which introduces stricter standards for preferential regulatory treatment regarding banks' exposure to stablecoin risks.It is reported that the proposed requirements determine whether a stablecoin qualifies for the "Group 1b category," which grants preferential regulatory treatment. According to the consultation document, certain standards must be met, including low volatility and sufficient liquidity. The deadline for comments on the document is March 28.Coinbase stated regarding the above requirements: "The committee's choice indicates a desire to strictly limit banks' holdings and thus use of stablecoins." Circle expressed dissatisfaction with the committee's report mentioning that blockchain has "unique risks."

ChainCatcher news, according to CoinDesk, the Basel Committee on Banking Supervision (BCBS) has proposed enhanced regulatory standards for stablecoins.The consultation document released by BCBS outlines 11 standards for stablecoins, which are cryptocurrencies typically pegged to specific assets such as the US dollar, euro, or gold. To meet the so-called Group 1b considerations, the reserve assets of stablecoins must satisfy a series of criteria, including short-term maturity, high credit quality, and low volatility.Currently, stablecoins must be "redeemable at any time" to qualify for this favorable regulatory treatment, ensuring that "only stablecoins issued by regulated entities with strong redemption rights and governance are eligible." Stablecoins that do not meet the Basel Committee's criteria will be classified into Group 2 and subject to "newly heightened conservative capital treatment." The consultation will remain open until March 28.

ChainCatcher news, according to CoinDesk, in a consultation document released on Thursday, the Basel Committee on Banking Supervision (BCBS) proposed to revise standards to allow stablecoins to be considered as lower risk than unsecured cryptocurrencies like Bitcoin.So far, the BCBS has taken a tough stance on cryptocurrencies, suggesting a maximum risk weight of 1250% for freely floating digital assets like Bitcoin, meaning banks must issue capital to match their risk exposure. Banks are also not allowed to allocate more than 2% of their core capital to these higher-risk assets. The BCBS stated in a statement that it would not make any changes to these standards.

ChainCatcher news, the Basel Committee of the Bank for International Settlements (BIS) stated that it plans to consult on potential revisions to stablecoin standards this week. The Basel Committee aims to discuss the standards for stablecoins to receive 1b group regulatory treatment, which refers to "crypto assets with effective stabilization mechanisms."

ChainCatcher news, the Sui Foundation tweeted to deny earlier reports about its "manipulation of SUI token supply." The Sui Foundation stated that the claim of "manipulating SUI token supply" is baseless and seriously misleading. Since the initial Community Access Program (CAP) distribution, the foundation has never sold any SUI tokens.Furthermore, the Sui Foundation has never liquidated any SUI, including staking rewards, and every token transfer by the foundation is public and transparent, verifiable on the blockchain. The foundation is combating misinformation and FUD through various channels.According to previous reports, the head of the Financial Supervisory Service of South Korea recently stated that the sharp decline in the price of SUI tokens may be primarily due to the official misreporting of circulation, which was not disclosed to users. Therefore, an investigation will be conducted to determine whether Sui is a scam.

ChainCatcher news, according to Cointelegraph, the Basel Committee of the Bank for International Settlements (BIS) released a consultation document on October 17, proposing to require banks to disclose their cryptocurrency risk exposures. This consultation document, which focuses on banks' risk exposures to crypto assets, aims to develop a standardized "bank crypto asset risk exposure disclosure template and set," with a proposed implementation date of January 1, 2025. The Basel Committee has opened the proposal for public consultation, with a deadline of January 31, 2024, and the results of the consultation will be published on the Bank for International Settlements website.Under the new proposed regulations, banks will be required to provide quantitative data on their crypto asset risk exposures as well as corresponding capital and liquidity requirements. Banks will also need to provide qualitative data related to cryptocurrency activities. Additionally, banks must provide information on their accounting classifications for crypto assets and liability information.

ChainCatcher message, the Basel Committee on Banking Supervision has released a report on the turmoil in the banking sector in 2023, agreeing to consult on climate and crypto asset disclosures, stating that banks must disclose the cryptocurrencies they hold and should issue potentially restrictive capital for unsecured cryptocurrencies such as Bitcoin or ETH that they hold.At the same time, it stated that an upcoming consultation document will propose "a series of disclosure requirements related to banks' exposure to crypto asset risks" to supplement the existing capital requirements for digital assets finalized in December.

ChainCatcher news, Musk denied the "whale" allegations involving Dogecoin in a letter. Musk's lawyer stated that the plaintiff incorrectly associated Musk with a specific wallet and insisted that the allegations are "baseless." Furthermore, the lawyer clearly pointed out that posting supportive comments about the market cap of Dogecoin or humorous images on Twitter does not involve any illegal activities.ChainCatcher previously reported that Musk was accused of participating in insider trading and price manipulation activities related to Dogecoin, harming retail investors. (source link)

ChainCatcher news, Binance.US tweeted that the lawsuit from the U.S. Securities and Exchange Commission (SEC) is baseless and plans to defend itself. Binance.US stated that it has had sincere communication with the SEC for the past two and a half years, hoping to constructively establish a clear and practical regulatory framework that allows similar businesses to grow, create jobs, and provide safe access to digital assets for American consumers.Binance.US expressed that while it is still willing to compromise, the SEC seems to be "trying to eliminate our industry." Binance.US calls on Congress to intervene and pass bipartisan legislation to create a viable regulatory system for digital assets and to curb excessive bureaucracy. (Source link)

ChainCatcher news, the lawyer for former Terraform Labs CEO Do Kwon stated that the U.S. Securities and Exchange Commission (SEC) allegations of securities fraud against Do Kwon and Terraform Labs Pte are unfounded, partly because the stablecoin involved is a currency, not a security. The lawyer argued for the judge to dismiss the lawsuit, stating that U.S. law prohibits regulatory agencies from asserting jurisdiction over digital assets in this case under federal securities law. (source link)

ChainCatcher news, according to New Telegraphng, the globally renowned credit rating agency Fitch stated that the new global standards for the prudent handling of crypto assets by the Basel Committee on Banking Supervision (BCBS) may prevent banks from issuing loans backed by crypto assets, as such loans have already led to widespread risks in the crypto ecosystem.Fitch revealed that the global crypto standards from the Basel Committee may encourage some multinational banks to explore stablecoins and asset tokenization, and promote more banks to test the issuance and holding of tokenized assets. (Source link)

ChainCatcher news, SushiSwap's new CEO Jared Grey posted on his social platform again denying all allegations and accepting public inquiries. He stated: "In 2019, while I was busy raising funds to launch the Bitfineon trading platform, my business partner stole funds from the community. After several investors and I discovered this, we fired him and refunded all the affected users. I have always operated with integrity in this field, and anyone can contact any partner for verification. I acknowledge some business failures disclosed in the Twitter thread, but deny all baseless allegations." (source link)