Business Financial News
20.06 / 17:03
business
Technology
Investments
Decentralization
Bitcoin
new cryptocurrency
Wall Street giants back EDX Markets, a new cryptocurrency exchange
EDX Markets, a newcomer to the cryptocurrency exchange landscape, has made a notable entry with backing from prominent financial institutions such as Citadel Securities, Fidelity Investments, and Charles Schwab. The company recently unveiled the launch of its digital asset market on June 20, marking its official entry into the industry.
20.06 / 16:35
business
Gemini
Asia
expansion
Gemini plans Asia-Pacific expansion as part of 'next wave of growth for crypto'
United States-based cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has announced plans to expand into the Asia-Pacific region.
20.06 / 13:01
business
Blockchain
Adoption
defi
Investments
Investing in Web3 is a ‘hedge against disruption’ — VC investment exec
The crypto space has been facing waves of uncertainty in recent months between impending regulations from regulators across the world and a lingering market downturn.
20.06 / 06:55
business
Binance
Binance UK office one of 2,403 companies sharing ‘utility closet’ in Suffolk
The United Kingdom-registered address for an entity of one of the world’s largest crypto exchanges, Binance, is nothing but a tiny building in Britain’s east that is shared by thousands of other companies.
19.06 / 19:59
business
Blockchain
lending
Withdrawals
Delio
Crypto lender Delio to resume withdrawals after counterparty contagion
According to a recent report by local news outlet Decenter, South Korean crypto lending platform Delio will resume withdrawals, albeit with no fixed schedule, after pausing them on June 14. In a meeting with investors on June 17, CEO Jung Sang-ho explained, "[Delio] will secure as much capital as possible to compensate” and that "users’ withdrawals would come in phases." No details regarding the specific repayment period, method and amount of damage were disclosed, however.
19.06 / 17:03
business
Real Estate
FTX
Washington DC
Fried
Sam
Realtor may have accepted $3M offer for Washington DC property linked to Sam Bankman-Fried
An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried in Washington D.C.’s Capitol Hill neighborhood.
19.06 / 14:39
business
Kucoin
Adoption
defi
Crypto Companies
Bear market allows crypto companies to ‘listen’ to users: KuCoin exec
Crypto has been at the mercy of an ongoing bear market that began in the spring of 2022, after a historic bull run that had investors, developers and users piling into the Web3 space.
19.06 / 10:57
business
Binance
regulation
regulatory
Binance cancels registration in the UK amid regulatory scrutiny
Troubled cryptocurrency exchange Binance continues to withdraw from major markets amid the ongoing pushback from global regulators.
19.06 / 10:19
19.06 / 06:05
business
Law
regulation
SEC
coinbase
security
us government
Coinbase blasts SEC for ‘no straight answers’ following court order
Coinbase has slammed the United States securities regulator for failing to answer questions asked in the U.S. Court of Appeals as part of its ongoing legal battle with the regulator.
19.06 / 02:09
business
Twitter
Adoption
Altcoin
memecoin
Suspends
elon
Twitter suspends memecoin-linked AI bot after Elon Musk's ‘scam crypto’ claim
Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.”
18.06 / 11:17
business
Binance
regulation
SEC
Scammer
Binance sends cease and desist notice to Nigerian scammer entity
Binance CEO Changpeng Zhao has announced that Binance has officially issued a cease and desist notice to the fraudulent entity known as Binance Nigeria Limited.
18.06 / 07:37
business
Binance
regulation
SEC
Binance CEO CZ deems SEC’s request for emergency relief unwarranted
Binance CEO Changpeng “CZ” Zhao expressed his happiness and relief as a prolonged dispute with the United States Securities and Exchange Commission (SEC) was successfully resolved. The SEC’s ongoing scrutiny had created a tense and uncertain period for the company, making the resolution a welcome development.
17.06 / 21:13
business
Stablecoin
Binance
Altcoin
Paxos
Binance USD
BUSD falls to fourth position among stablecoins
The dollar-pegged Binance USD (BUSD) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1 billion in the past 30 days, data from CoinMarketCap shows.
17.06 / 17:31
business
Binance
regulation
SEC
US court
US court approves SEC-Binance.US agreement
United States Judge Amy Berman Jackson approved on June 17 an agreement between Binance.US, Binance, and the Securities and Exchange Commission (SEC), dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets.
17.06 / 09:17
business
Blockchain
Tether
controversy
compliance
Tether responds to account deactivation controversy, raises compliance checks
Tether, the company behind market-leading stablecoin Tether (USDT), has addressed concerns regarding its operational decisions.
17.06 / 06:13
business
Cardano
Frontier
The New Frontier: Cardano founder Charles Hoskinson goes hunting for aliens & UFOs
Cardano founder Charles Hoskinson is currently searching for a UFO — or some sort of space object — that has crashed near the coast of Papua New Guinea in the Pacific Ocean.
17.06 / 03:41
business
Payments
Wyre
Crypto payments platform Wyre shutters citing bear market conditions
San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market, and not anything to do with any hawkish “regulatory agency direction” in the United States.
16.06 / 22:19
business
Blockchain
Ethereum
defi
regulation
Scams
Fraud
On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project
Blockchain investigator ZachXBT has been sued for libel by one of the people he accused of fraud, according to a June 16 social media post. According to the post, Jeffrey Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegations.
16.06 / 19:43
business
Technology
privacy
Analysis
Opinion
Tech
Think AI tools aren't harvesting your data? Guess again
The meteoric ascent of generative artificial intelligence has created a bonafide technology sensation thanks to user-focused products such as OpenAI’s ChatGPT, Dall-E and Lensa. But the boom in user-friendly AI has arrived in conjunction with users seemingly ignoring or being left in the dark about the privacy risks imposed by these projects.
16.06 / 19:43
business
Research
Machine Learning
ChatGPT
Meta’s new ‘Voicebox’ AI is a text-to-speech tool that learns like ChatGPT
Meta AI recently unveiled a “breakthrough” text-to-speech (TTS) generator it claims produces results up to 20 times faster than state-of-the-art artificial intelligence models with comparable performance.
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