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12.05 / 18:17

business DAO Governance Token BitDAO proposes to replace BIT token in branding revamp

A proposal seeking to apply a "One Brand, One token" principle has been pushed to a vote on BitDAO's Snapshot, calling for substituting BitDAO's token (BIT) under a new governance token. Snapshot serves as an off-chain governance voting platform for decentralized autonomous organizations (DAOs) and other blockchain projects.

12.05 / 15:59

business Twitter Social Media Media veteran elon NBCUniversal veteran could replace Elon Musk as Twitter CEO: Report

Reports from major media outlets have suggested that NBCUniversal’s chair of global advertising and partnerships, Linda Yaccarino, could follow Elon Musk as the next chief executive officer at Twitter.

12.05 / 14:13

business regulation UAE infrastructure for crypto is more ‘business-friendly’ than the US, says exec

At the recent Dubai Fintech Summit event, Saqr Ereiqat, the co-founder of venture-building firm Crypto Oasis, spoke about the United Arab Emirates' infrastructures and how they can be “ideal” for crypto businesses.

12.05 / 14:13

business Adoption wallet Cybersecurity security Mobile Wallet New tech could make crypto and Web3 wallets more convenient

The foundation of the Web3 ecosystem is the wallet, an app or browser extension that lets users verify their web identities and authorize transactions. But using a wallet has always involved a steep learning curve. New users must learn to copy down their seed words and store them in a safe place, create a strong password to encrypt their keystore file, copy addresses accurately when sending funds, and other things they may never have to learn when using a Web2 app.

12.05 / 12:23

business regulation Court Terra Luna Terra bail Montenegro Court Terra Luna founder Do Kwon's bail terms officially accepted by Montenegro court

Montenegro has granted approval to the bail terms proposed by Do Kwon, who was charged with the criminal offense of document forgery under Montenegrin law.

12.05 / 11:39

business regulation Europe policies ChatGPT recommendations Romania harnesses AI for data-driven policy recommendations

Countries around the world are beginning to grapple with the pervasiveness of artificial intelligence (AI). While some look to the emerging technology with concern, others like Romania are embracing it.

12.05 / 11:39

business regulation SEC HSBC Banks SEC beyond crypto: HSBC and Scotia hit with fines over WhatsApp use

Amid the ongoing banking crisis in the United States, financial regulators continue scrutinizing major traditional finance companies like HSBC and Scotiabank.

12.05 / 08:53

business Funding Venture Capital Crypto VCs made $2.6B worth of deals in the first quarter of 2023

While the crypto space still suffers a bear market, venture capital (VC) firms have still managed to make a number of deals at the start of 2023, proving that the space is very much alive even in what many would call a “crypto winter.”

12.05 / 05:09

business FTX exchanges Court Lawsuit against FTX celebrity promoters gets backup from former exec

A class action lawsuit against celebrities who allegedly promoted the now-bankrupt FTX has scored the cooperation of a former exchange executive — ex-compliance chief Daniel Friedberg.

12.05 / 02:21

business Law regulation SEC coinbase Court US Chamber of Commerce slams SEC's ‘haphazard’ regulation efforts

The United States Chamber of Commerce has blasted the Securities and Exchange Commission (SEC) for its “haphazard, enforcement-based approach” to regulating the cryptocurrency industry on American soil.

12.05 / 01:51

business Banks banking Job Silvergate begins NYSE delisting process as it readies to cut 230 staff

The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE) and 230 staff will be let go, Silvergate Capital has disclosed.

11.05 / 21:43

business Twitter Social Media Tesla elon Elon Musk announces he will step down as Twitter CEO

Twitter CEO Elon Musk has announced that he will be transitioning to executive chair and chief technology officer of the social media platform in roughly six weeks.

11.05 / 21:43

business defi Bankruptcy BlockFi users to get back $297M from Wallet accounts: Report

A United States judge has granted permission to bankrupt crypto lender BlockFi to return $297 million to customers with deposits held in its Wallet program, Reuters reported on May 11.

11.05 / 19:33

business Twitter coinbase 'We screwed up' — Coinbase CLO responds to outrage after exchange associated Pepe with hate groups

Coinbase chief legal officer Paul Grewal has issued an apology after the crypto exchange sent out an email labeling the Pepe the frog meme as a “hate symbol” — a move that prompted many users to call for a boycott.

11.05 / 19:29

business Ethereum Adoption PayPal MetaMask MetaMask rolls out ETH purchases via PayPal to US users

Crypto wallet MetaMask has started rolling out Ether (ETH) purchases via PayPal for users in the United States — one of Metamask's biggest markets. The company claims to be the first Web3 wallet to offer ETH transactions via PayPal.

11.05 / 13:07

business Ethereum Adoption wallet Cybersecurity security Bitcoin New wallet uses Amazon hardware security modules to eliminate seed words

A new crypto wallet has just launched in Apple’s App Store store that uses Web2 trickery to ensure users don’t need to interact with seed phrases or passwords.

11.05 / 12:59

business Blockchain Binance Tokens Terra Luna Terra Luna crash anniversary: Community reflects on the lessons learned

On the anniversary of the Terra Luna (LUNA) crash, the cryptocurrency community reflected on the lessons learned from the event that wiped out $40 billion in value and caused Bitcoin to drop from $28,000 to $19,000. While the incident was undoubtedly painful for those who lost money, it also served as a wake-up call for the industry to focus on liquidity, transparency, and user protection.

11.05 / 12:33

business regulation Europe European Union ChatGPT EU draft AI Act updated with public facial recognition ban

Lawmakers in the European Union have forwarded legislation concerning artificial intelligence (AI) to the next phase after concluding a vote from two lawmakers’ committees.

11.05 / 11:21

business Assets Digital Asset reports Financial Animoca Brands reports $3.4B of assets in an interim financial update

Venture capital firm Animoca Brands released an interim financial report laying out its key unaudited financial positions as of April 30, 2023. The company revealed around $3.4 billion in assets, claiming it remains financially strong despite recent reports of its valuation plummeting.

11.05 / 07:37

business Adoption Web3 interview OKX 'We can't keep putting band-aids on the current system' — OKX CMO

A provocative new advertising campaign from cryptocurrency exchange OKX is challenging messages from traditional finance and Web3 competitors by calling for a rewrite of current financial and digital systems.

11.05 / 06:03

business Stablecoin Circle Usd Coin National Debt reserves Circle reportedly adjusts USDC reserves to avoid US default risk

Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults.

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