Business Financial News
07.06 / 01:57
business
Binance
defi
regulation
DEX
coinbase
Uniswap
SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444%
The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator's recent legal actions against cryptocurrency exchanges Coinbase and Binance.
07.06 / 01:57
business
Law
Binance
regulation
SEC
coinbase
security
lawsuits
SEC lawsuits squeeze net worths of Coinbase and Binance CEOs
The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator.
06.06 / 23:15
06.06 / 22:03
business
Adoption
Google
education
ChatGPT
Google Cloud
Google Cloud launches free courses to help users build their own GPT-style AI
Google Cloud recently launched a suite of free online educational courses designed to teach the fundamentals of generative artificial intelligence (AI) systems, as well as provide an introduction to the Generative AI Studio development environment.
06.06 / 22:03
business
Binance
regulation
SEC
SEC files motion for restraining order against Binance
The United States Securities and Exchange Commission (SEC) filed an emergency motion in the District of Columbia U.S. District Court for a temporary restraining order against Binance, Binance.US and CEO Changpeng Zhao (CZ) on June 6, requesting eight actions.
06.06 / 22:03
business
regulation
Trading
SEC
security
Bitcoin Regulation
Coinbase CEO responds to SEC suit, says team is ‘confident’ in facts and law
Coinbase CEO Brian Armstrong has responded publicly to the United States Securities and Exchange Commission (SEC) lawsuit against his company, stating in a tweet that the team is “confident in our facts and the law” and that it welcomes the chance “to finally get some clarity around crypto rules” in court.
06.06 / 21:25
business
Law
regulation
Tether
Bitfinex
Fraud
Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10 month timespan in 2018.
06.06 / 20:51
business
Adoption
Gaming
Tokens
Mobile Games
Blockchain Game
Grinding out a living: Can blockchain games really offer a sustainable income?
Blockchain games are mostly played for entertainment, but some developers within the industry think the games could eventually evolve into a form of employment where players can grind out a living wage.
06.06 / 20:10
business
Ethereum
Binance
regulation
SEC
Sec Charges
Binance sees $778M net outflows on Ethereum blockchain amid SEC charges: Nansen
The SEC lawsuit against Binance on June 5, accusing the crypto exchange of violating various securities laws, had a direct impact on the crypto market as well as the balance sheet of the crypto exchange.
06.06 / 20:08
business
regulation
Europe
European Union
Meta Platforms
ChatGPT
EU officials want all AI-generated content to be labeled
Officials in the European Union have discussed additional measures that would make artificial intelligence (AI) tools, such as OpenAI’s ChatGPT, more transparent to the public.
06.06 / 19:58
business
Bankruptcy
FUD
Gate.io threatens legal action against rumor-mongers
Centralized crypto exchange Gate.io has threatened legal action in response to rumors of imminent bankruptcy. Crypto community members have been speculating since May about a possible connection between Gate.io and the troubled cross-chain protocol Multichain.
06.06 / 19:31
business
Apple
virtual reality
Metaverse
augmented reality
Apple's Vision Pro headset reveal swaps metaverse for 'spatial computing'
Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on June 5.
06.06 / 19:16
business
Blockchain
Hackers
hacks
wallet
Decentralization
Mobile Wallet
Atomic Wallet says hack affected 1% of active users, but investors claim otherwise
A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, according to the company. In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds.
06.06 / 19:00
business
Binance
regulation
SEC
SEC complaint hints at why Brian Brooks resigned as Binance.US CEO
The SEC’s latest complaint against Binance could point to why former Binance.US CEO Brian Brooks chose to step down in August 2021, only three months after his appointment.
06.06 / 18:47
business
Art
Adoption
regulation
Court
Bankruptcy
Metropolitan Museum of Art to return $550K in donations from FTX
The Metropolitan Museum of Art (Met) is set to return $550,000 in donations it received from crypto exchange FTX prior to its collapse in November.
06.06 / 18:24
business
Blockchain
Ethereum
European Union
Bitcoin
Sequoia Capital announces three-way split to separate China business
Venture capital firm Sequoia announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately.
06.06 / 18:18
business
Binance
privacy
Opinion
Zcash
Monero
privacy coins
Binance was wrong to boot Monero, ZCash and other privacy coins
Binance announced in May that it would delist so-called “privacy coins” such as Monero (XMR), Zcash (ZEC) and others in several countries, including France, Italy, Spain and Poland. The decision underscored the reality that some companies might step over their own feet to ban privacy tech — even where it is legal — out of a combination of risk aversion and compliance confusion.
06.06 / 18:11
business
Blockchain
coinbase
sec lawsuit
Coinbase stock
Coinbase stock plunges 20% on SEC lawsuit
The stock of cryptocurrency exchange Coinbaseplunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low of $46.43. The company's market capitalization currently stands at $13.7 billion.
06.06 / 18:00
business
Blockchain
Banks
Dollar
Indian
JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks
Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance.
06.06 / 16:53
business
Law
regulation
Asia
exchanges
regulatory
Hong Kong’s regulatory lead sets it up to be major crypto hub
Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on the eastern Pearl River Delta in South China. The city is known for being pro-innovation and technology, and over the past year, it has introduced legislation to promote and adopt cryptocurrencies.
06.06 / 16:28
business
Kraken
Bitcoin
Withdrawals
Kraken experiencing gateway issues — withdrawals, deposits delayed
Update: Kraken says it has implemented a fix and is currently monitoring the results.
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