Business Financial News

08.06 / 06:09

business Law Binance regulation coinbase us government Bankruptcy lawsuits Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits

Court filings have revealed the names of the two United States District Court Judges that will preside over the Coinbase and Binance lawsuits brought against them by the U.S. Securities and Exchange Commission.

08.06 / 06:03

business regulation Court Terraform Labs Terra Prison Do Kwon could serve prison in both US and South Korea, prosecutor says

Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation.

08.06 / 06:03

business regulation Banks banking Australian Major Australian bank to decline ‘certain’ payments to crypto exchanges

Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers.

08.06 / 06:03

business Law regulation Court Pump and Dump class action EMAX class action against Kim K and Mayweather is back on, says judge

Celebrity defendants Kim Kardashian and Floyd Mayweather are back on the hook for a class action lawsuit that alleges their improper promotion of the now-defunct crypto token EthereumMax (EMAX).

08.06 / 04:11

business Blockchain Binance regulation SEC exchanges CEX CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits

Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers.

08.06 / 03:05

business Law Adoption Binance CFTC SEC coinbase Messari Republican crypto bill a ‘10x improvement’ on all others: Messari CEO

Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a “10x improvement” on all other crypto bills introduced to the United States Congress so far.

08.06 / 00:21

business Binance regulation SEC Sec Chair Lawyers SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim

SEC Chair Gary Gensler once offered to serve as an advisor to Binance in 2019, according to lawyers representing Binance and founder Changpeng Zhao, CNBC reports.

07.06 / 23:47

business Blockchain defi Startups defi protocols Cumberland Labs unveils SaaS API for public blockchains and DeFi protocols

Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols.

07.06 / 22:37

business IRS Machine Learning Taxes Intuit introduces proprietary large language models for fintech with GenOS

Fintech giant Intuit, whose product offerings include TurboTax, Mint, Credit Karma, Mailchimp and QuickBooks, recently expanded its software services platform to include GenOS, an operating system for generative artificial intelligence (AI) technologies.

07.06 / 20:27

business Binance Premium Binance.US coins trade at premium amid litigation fears, fiat gateway issues

On June 7, multiple coins and tokens listed on Binance.US, the U.S. subsidiary of cryptocurrency exchange Binance, began deviating from their fair value to trade at premiums. Coins such as Bitcoin (BTC) and Ether (ETH) were priced at $27,445 and $1,911, respectively, compared to CoinMarketCap averages of $26,490 and $1,850.

07.06 / 18:39

business Government Blockchain Adoption Banks stock exchange Tel Aviv Stock Exchange completes proof of concept to tokenize fiat and bonds

A new phase in the Tel Aviv Stock Exchange's integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token.

07.06 / 18:39

business Binance regulation SEC US District Court issues summons for Binance CEO Changpeng Zhao over SEC action

The United States District Court in Washington, D.C. issued a summons for Binance CEO Changpeng Zhao on June 7, just two days after the Securities and Exchange Commission (SEC) formally sued the exchange for alleged unregistered securities operations.

07.06 / 18:39

business Law Binance regulation SEC Binance Coin sec lawsuit Binance.US halts trading for dozens of USDT, BTC, BUSD pairs amid SEC lawsuit

Binance.US removed trading services for several crypto tokens on June 7. The move follows a lawsuit filed earlier this week by the United States Securities and Exchange Commission against Binance entities and thei leadership.

07.06 / 15:35

business Investments SEC coinbase Ark ARK Invest buys Coinbase shares the same day SEC serves lawsuit

The same day cryptocurrency exchange Coinbase was served with a lawsuit from the United States Securities and Exchange Commission (SEC), ARK Invest added more stock to its Coinbase holdings.

07.06 / 14:27

business Binance FTX sec lawsuit Binance says it's 'different' from other exchanges amid SEC lawsuit

On June 7, cryptocurrency exchange Binance published a statement on its Chinese social channels with the hashtag #StrongTogether. Amid ongoing litigation with the United States Securities and Exchange Commission (SEC), Binance said its wallet addresses are transparent and that the exchange never "siphoned consumers' funds" nor has "any collateralized borrowings."

07.06 / 09:49

business Binance regulation SEC security Deal sec lawsuit GoPax SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea

The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance could damage the crypto exchange’s business opportunities in South Korea.

07.06 / 09:23

business Binance regulation SEC U.S. sec lawsuit Customer SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’

The United States Securities and Exchange Commission (SEC) has filed another document in its lawsuit against Binance.US, saying investors’ funds are at risk.

07.06 / 08:35

business Tether Bitcoin Bitcoin Miner El Salvador's Bitcoin miner Volcano Energy launches with $250M investment

The public-private partnership in El Salvador to pump $1 billion into creating a Bitcoin (BTC) mining farm has received its first $250 million. This first release of funds kickstarts 241 megawatts (MWs) of Bitcoin mining in El Salvador.

07.06 / 07:11

business Binance regulation SEC FTX SEC's Gensler claims ‘parallels’ between Binance and FTX, yet one wasn't sued

The United States securities chair has hinted at “parallels” between crypto exchange Binance and collapsed exchange FTX — namely their alleged use of sister firms to move funds.

07.06 / 05:39

business Adoption Investments Apple virtual reality Metaverse augmented reality Apple confirms acquisition of AR startup Mira following Vision Pro launch: Report

Just a day after launching a new virtual reality (VR) product line, Apple Vision Pro, the tech giant confirmed the acquisition of Mira, an augmented reality (AR) startup that provides hands-free, smartphone-powered headsets.

07.06 / 05:39

business Government Adoption Senate Senators Meta’s Zuckerberg grilled by senators over ‘leak’ of LLaMA AI model

Two United States senators have questioned Meta chief executive Mark Zuckerberg over the tech giant’s “leaked” artificial intelligence model LLaMA which they claim is potentially “dangerous” and could be used for “criminal tasks.”

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