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23.06 / 19:49

business Blockchain Law FTX Court Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report

Sam Bankman-Fried, the co-founder of FTX, has been denied his request to obtain documents from a Silicon Valley law firm, Fenwick & West LLP, as part of his defense strategy in his ongoing federal fraud case, Bloomberg reported. Bankman-Fried had hoped to use thes documents to support his claim that he relied on legal advice while engaging in the activities for which he is currently facing prosecution.

23.06 / 19:29

business Investments Venture Capital FTX Sequoia partner says investing in FTX was the right move: Report

American venture capitalist Alfred Lin, a partner at Sequoia Capital, stood up for the firm’s multimillion-dollar investment in the now-bankrupt crypto exchange FTX.

23.06 / 16:43

business Government SEC lending FTX creditors Fine SEC waives BlockFi's $30M fine until creditors are paid

The United States Securities and Exchange Commission (SEC) has agreed to postpone the payment of a $30 million fine from bankrupt crypto lender BlockFi until creditors are paid back. The amount represents the balance of a $50 million settlement with the regulator from February 2022.

23.06 / 15:59

business Investments Circle Banks Silicon Valley Circle and Sequoia were among top depositors at Silicon Valley Bank: Report

Stablecoin issuer Circle and venture capital firm Sequoia Capital were reportedly among the top 10 depositors at the collapsed crypto-friendly Silicon Valley Bank (SVB) in March.

23.06 / 15:59

business Law regulation coinbase Court US Supreme Court halts Coinbase cases in its first crypto ruling

The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases.

23.06 / 14:25

business event Adoption Banks Seba Bank Rising institutional interest is a 'bullish' sign for crypto: SEBA Bank exec

As more institutions go from only showing their interest in the crypto space into actually investing in Web3 projects, getting into crypto turns into a question of “when” rather than a question of “if” according to an executive from institution-focused crypto firm SEBA Bank.

23.06 / 11:25

business Blockchain Payments Banks Euro JPM Coin JPMorgan bank deploys JPM Coin for euro-denominated payments

The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects, JPM Coin, into traditional banking.

23.06 / 10:03

business Ethereum Winklevoss Twins Staking Ethereum staking Winklevoss twins’ Gemini launches Ethereum staking in the UK

Winklevoss twins’ cryptocurrency exchange Gemini continues to actively expand its services across the world, debuting Ethereum staking in the United Kingdom.

23.06 / 06:09

business Blockchain Digital Asset stock exchange Stock Investment chess Blame game rages over ASX’s failed CHESS system blockchain upgrade

Digital Asset — the New York firm responsible for Australian Securities Exchange’s now-abandoned blockchain-based clearing system — has blamed the securities exchange for dropping its blockchain plans.

23.06 / 06:09

business Tesla Meta elon Mark Zuckerberg's jiu-jitsu or Elon Musk's street-fight 'walrus' — Who will win?

Meta founder and CEO Mark Zuckerberg has emerged as a clear favorite among betters in a proposed “cage match” with Twitter owner and Tesla CEO Elon Musk.

23.06 / 03:35

business Binance regulation exchanges Dollar Binance.US solves USD withdrawal issues but warns it won't last long

U.S. crypto exchange Binance.US has informed customers it has resolved its U.S. dollar withdrawal issues after working with its banking partners but warns the relief may not last.

23.06 / 02:29

business Adoption Payments Altcoin Shiba Inu NOT Customers Shiba Wings customers love the food, not so much the crypto, says owner

After a grand opening in March, Australian fast-food diner Shiba Wings has seen plenty of customers walking through the doors for their fried delectables.

23.06 / 02:29

business Hackers hacks Dark Web 100K ChatGPT logins have been leaked on dark web, cybersecurity firm warns

Over the past year, more than 100,000 login credentials to the popular artificial intelligence chatbot ChatGPT have been leaked and traded on the dark web, according to a Singaporean cybersecurity firm.

22.06 / 23:57

business Investments Fraud FTX Bankruptcy Fried FTX seeks to claw $700M from Bankman Fried friends and affiliated funds

FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contained 16 counts and seeks over $700 million from the defendants.

22.06 / 23:09

business Law Digital Asset Bankruptcy Prime Trust's financials 'considerably deteriorated,' says Nevada regulator

Prime Trust's financial condition is "critically deficient" and the crypto custodian is unable to honor customer withdrawals according to a cease and desist from Nevada's business regulator.

22.06 / 21:33

business Robinhood credit cards FinTech Robinhood buys credit card fintech X1 for $95M

Crypto and stock trading app Robinhood has taken a new step to diversify its business portfolio by acquiring the credit card startup X1 in a $95 million deal. The fintech firm offers an income-based credit card with rewards, along with free trial and single-use credit cards.

22.06 / 19:23

business Blockchain Technology Stablecoin Investments TrueUSD TrueUSD assures users it has no exposure to troubled Prime Trust

On June 22, TrueUSD announced on Twitter that its TUSD stablecoin had “no exposure” to the troubled Prime Trust, which is reportedly facing regulatory challenges.

22.06 / 18:31

business regulation Europe European Union MICA Santander, Crédit Agricole asset arm receives French crypto custody license

CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has received a crypto custody license in France, according to the regulator’s website on June 20.

22.06 / 18:31

business Google Money laundering Machine Learning FinTech Google launches ‘Anti Money Laundering AI’ after successful HSBC trial

Google Cloud recently announced the launch of its “Anti Money Laundering AI” (AMLAI) service after a successful trial with London-based financial services group HSBC.

22.06 / 16:47

business Blockchain Technology Investments Web3 Digital Asset BitGo terminates acquisition of Prime Trust

On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read:

22.06 / 14:21

business Adoption Machine Learning How AI is changing the way humans interact with machines

The past 12 months have seen the global digital paradigm evolve tremendously, especially regarding how humans interact with machines. In fact, the space has undergone such a radical transformation that people of all ages are now fast becoming conversant with artificial intelligence (AI) models, most popularly OpenAI’s ChatGPT.

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