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16.06 / 18:47

business Binance Altcoin solana eToro Crypto Biz: Crypto outflows surge, a16z’s UK office, and the silent altcoins ban

A combination of escalating interest rates and a tight regulatory environment in the United States has driven a $417 million outflow from the crypto industry in the past eight weeks, with halts in trading for many altcoins draining liquidity and prolonging the ongoing crypto winter.

16.06 / 15:41

business regulation Cardano solana Polygon Bakkt Bakkt follows Robinhood, eToro in delisting major altcoins: Report

New York-based derivatives exchange Bakkt is delisting three popular altcoins due to recent regulatory developments in the United States. According to a Fortune report, trading of Solana (SOL), Polygon (MATIC), and Cardano (ADA) has been suspended.

16.06 / 11:51

business Hackers Hardware Wallet Trezor Bitcoin Trezor CEO cites usability as top factor for the hardware wallet: BTC Prague

Amid the expanding trend toward self-custody, hardware wallet Trezor's CEO Matej Zak has highlighted the most relevant development vector for the company so far - enhancing usability to significantly increase the number of users over the next few years.

16.06 / 09:19

business Binance regulation dutch Binance is leaving the Dutch market: Here's when

Global cryptocurrency exchange Binance has terminated its services in the Netherlands, making an exit from the Dutch market after a bid to obtain a virtual asset service provider (VASP) license failed.

16.06 / 07:19

business Adoption ChatGPT ‘Hey Mercedes’ — Mercedes-Benz trials ChatGPT-powered voice control

Luxury car manufacturer Mercedes-Benz is integrating artificial intelligence into more than 900,000 vehicles as part of a new trial of a ChatGPT-powered voice assistant system.

16.06 / 07:08

business Law Binance regulation SEC Court Deal freeze SEC and Binance.US to negotiate deal avoiding total asset freeze

Binance.US and the United States Securities and Exchange Commission have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets.

16.06 / 07:04

business Hackers hacks Mining regulation exchanges Mixers Here’s how hackers are using mining pools as mixers: Chainalysis

While good actors within the crypto space channel their creativity toward building new things, bad actors use the same energy to devise more ingenious ways to hide their ill-gotten gains.

16.06 / 06:49

business Adoption Investments TradFi NOT Investors want crypto, but not without TradFi backing: Nomura survey

Professional investors are still keen on crypto but want to see backing from large traditional financial institutions before taking the plunge themselves, a survey from Nomura’s digital asset arm has revealed.

16.06 / 06:42

business Blockchain SEC Banks Federal Reserve investigation Bankruptcy Fed, SEC investigate Goldman Sachs over Silicon Valley Bank's securities portfolio: Report

Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank's securities portfolio prior to the bank's collapse, The Wall Street Journal has reported, citing sources familiar with the matter.

16.06 / 06:37

business Blockchain Technology Investments Web3 Withdrawals Delio South Korean Bitcoin lending platform Delio pauses withdrawals

Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.”

16.06 / 06:25

business Adoption regulation SEC Bitcoin Bitcoin Price Crypto industry 'destined' to be BTC-focused due to regulators: Michael Saylor

Enforcement actions on cryptocurrency firms by regulators in the United States could result in a Bitcoin (BTC)-focused industry that will push its price over $250,000, according to MicroStrategy co-founder Michael Saylor.

16.06 / 06:03

business privacy ERC-20 Israeli crypto entrepreneur joins privacy-focused project amid fraud allegations

Moshe Hogeg, an Israeli entrepreneur, has returned to the spotlight of the crypto industry after speaking at a conference in Morocco on ‘alternative internet network’ Tomi.

16.06 / 05:57

business SEC Financial Services Prometheum Blockchain Assoc. requests info on Prometheum over ‘suspicious’ approval

United States crypto lobby group Blockchain Association has filed a request with the U.S. Securities and Exchange Commission, seeking information about the formerly little-known crypto company Prometheum.

16.06 / 05:53

business Blockchain Adoption exchanges Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report

According to a new report published by blockchain analytics firm Nansen on June 14, most reputable cryptocurrency exchanges adopted user protection funds amid the collapse of FTX. Together, exchanges such as Binance, OKX and Bitget have more than $2 billion combined in nominal fiat protection funds. Meanwhile, Huobi’s insurance fund is collateralized by 20,000 Bitcoin (BTC), while Coinbase grants up to 150,000 British pounds ($189,140) worth of insurance to U.K. customers’ accounts. The Nansen researchers wrote:

16.06 / 05:44

business Adoption ETF regulation Investments SEC Bitcoin BlackRock's Bitcoin ETF ‘is the best thing to happen' to BTC, or is it?

BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to some crypto industry observers — but others warn of a hidden cost.

16.06 / 05:38

business FTX Court Trial Fried Sam FTX founder Sam Bankman-Fried now faces two criminal trials

Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the former CEO now facing two separate trials for his alleged mismanagement of the crypto exchange.

16.06 / 05:28

business Department Of Justice Bittrex FinCEN Withdrawals Bittrex withdrawals set to resume after bankruptcy court gives green light

Cryptocurrency trading platform Bittrex is expected to resume customer withdrawals on June 15 following an order from a judge in the United States Bankruptcy Court for the District of Delaware. The decision does not settle the question of the subordination of U.S. government claims, which had led to objections against its plan.

16.06 / 04:54

business SEC Congress Prometheum compliance ‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?

The relatively under-the-radar crypto company Prometheum has been thrust into the spotlight after a recent testimony from its co-founder before a United States House Committee, discussing crypto regulatory clarity.

16.06 / 04:28

business Law Ripple XRP regulation Investments SEC Hinman documents in Ripple case raise questions about SEC’s motives

The newly released Hinman documents relevant to the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) have shed light on internal divisions within the SEC and raised questions about its motives.

16.06 / 04:28

business Adoption Google Research Meta tech startups AI startup seed funding AI startup by ex-Meta and Google researchers raises $113M in seed funding

A brand new artificial intelligence (AI) startup dedicated to rival ChatGPT creator, OpenAI, raised $113 million in seed funding, bringing up its valuation to $260 million within two months of inception.

16.06 / 04:27

business Law regulation ABRA Crypto lender Abra has been insolvent since March, says Texas regulator

Crypto lending firm Abra, which once handled more than $116 million in assets, had allegedly committed securities fraud and has been insolvent since March 31, according to Texas regulators.

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