Business Financial News
09.06 / 16:33
business
Blockchain
exchanges
Mainstream
Bitcoin
Crypto.com suspends US institutional exchange service
Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21.
09.06 / 16:33
business
regulation
Banks
Federal Reserve
banking
US court
US court rejects Fed's motion to dismiss Custodia Bank case
Custodia Bank won a step forward in its legal battle against the Federal Reserve, as a Wyoming federal judge denied dismissal motions from both the Fed and the Federal Reserve Bank of Kansas City.
09.06 / 15:27
business
Binance
SEC
FTX
CNBC
Kevin O’Leary doesn’t rule out criminal charges for Binance
Kevin O’Leary said the Securities and Exchange Commission levied some “serious” allegations in the 136-page charging document the agency issued against Binance on June 5, telling Cointelegraph in an interview that he believes founder and CEO Changpeng Zhao is in a “tough” spot.
09.06 / 15:05
business
Adoption
Binance
regulation
coinbase
Support
Binance VP of Marketing: crypto needs to 'double down' on community support
The crypto industry faced more scrutiny from regulators in the United States this past week, as the U.S. Securities and Exchange Commission (SEC) served both Coinbase and Binance.US with lawsuits regarding their operations.
09.06 / 10:15
business
regulation
us government
Congress
Mark Warner
ChatGPT
Senators
US senators propose AI bills for transparency and innovation
Lawmakers in the United States have proposed two new bipartisan bills targeting issues of transparency and innovation in artificial intelligence (AI).
09.06 / 09:09
business
Technology
Adoption
Web3
Apple
Metaverse
Meta
Meta Ceo
‘Already explored’ — Apple Vision Pro unable to impress Mark Zuckerberg
As Meta strives to lead in virtual and augmented reality (VR/AR), Apple's recent entry into the market has generated curiosity and apprehension. With the official release of Vision Pro, speculations arise about Mark Zuckerberg's viewpoint as Meta CEO on the competition posed by Apple's VR headset.
09.06 / 06:03
business
Adoption
Binance
SEC
coinbase
Square
Bitcoin
Cathie Wood’s ARK loads up crypto bags, buys $19.9M Block shares
ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, after buying another $19.9 million shares of Block Inc. right after buying $21 million of shares in Coinbase.
09.06 / 06:03
business
FTX
Court
Bankruptcy
Customer
FTX argues releasing ‘valuable’ customer list will harm its sale value
The list of around nine million FTX customers is “extraordinarily valuable” and could harm the crypto exchange’s sale value if released, a member of the FTX restructuring team has argued.
09.06 / 04:31
business
Binance
regulation
Investments
SEC
coinbase
Ark
Sec Charges
Moody's downgrades Coinbase citing 'uncertain magnitude' of SEC charges
Credit ratings agency Moody's has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities broker.
09.06 / 03:11
09.06 / 03:11
business
Ethereum
Adoption
Polygon
Funding
Vitalik Buterin and Polygon co-founder to help send $100M toward COVID-19 research
Ethereum co-founder Vitalik Buterin is working with India-based crypto fund Crypto Relief and Polygon co founder Sandeep Nailwal to send $100 million towards COVID-19 research and medical infrastructure development in India.
08.06 / 22:53
business
wallet
BitGo
Crypto custodian BitGo signals intent to acquire Prime Trust
Wallet infrastructure provider and digital asset custodian BitGo have signed a non-binding letter of intent to acquire fintech infrastructure provider Prime Trust, according to an announcement on June 8.
08.06 / 21:57
business
SEC
coinbase
stocks
NOT
Coinbase CEO’s stock sale was probably not planned to occur a day ahead of SEC suit
Coinbase CEO and co-founder Brian Armstrong sold company shares the day before the United States Securities and Exchange Commission (SEC) filed a complaint against the exchange for securities law violations. The transaction caused a minor stir in the Twitter cryptoverse, as Armstrong avoided a sharp loss by doing so.
08.06 / 18:33
business
Government
Department Of Justice
FinCEN
Bankruptcy
US DoJ
Customers
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Asset Control (OFAC) is Bittrex’s biggest creditor, but its claim would be subordinated under the Bittrex proposal.
08.06 / 18:33
business
regulation
Circle
Usd Coin
Executive
Circle hires former CFTC, US Treasury executive as chief legal officer
Stablecoin issuer Circle has loaded its arsenal to fight the ongoing regulatory crackdown on crypto. By July 1, the role of chief legal officer and head of corporate affairs will be filled by Heath Tarbert, a top attorney with a background in all three branches of the United States government.
08.06 / 15:49
business
Binance
regulation
lawmakers
US lawmakers
Senators
Binance may have lied to US lawmakers, argue senators: Report
Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8.
08.06 / 14:19
business
Blockchain
Adoption
Africa
Decentralization
World Mobile eyes African rollout after decentralized wireless field tests
Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique, and Nigeria, bringing it closer to a full rollout across the African continent, the company said in the announcement.
08.06 / 13:21
08.06 / 13:03
business
Blockchain
Microsoft
Ankr–Microsoft partnership continues with blockchain creator tool debut
On June 8, decentralized blockchain infrastructure provider Ankr announced the launch of its enterprise blockchain creator tool on Microsoft’s Azure Marketplace. Dubbed “AppChains,” the solution will enable companies to quickly launch a dedicated and customizable blockchain to power various Web3 strategies. Developers can deploy the Polygon Supernet on its first iteration, with more choices thereafter.
08.06 / 12:39
business
Blockchain
Adoption
Europe
European Union
Decentralization
Verification
EU to use blockchain for educational and professional credential verification
The European Commission has made moves to implement blockchain technology to transform the way educational and professional credentials will be verified across borders.
08.06 / 08:05
business
NFT
Marketplace
Blockchain Game
crypto push
GameStop fires CEO Matt Furlong months after axing crypto push
GameStop has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs).
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