Business Financial News
04.05 / 04:49
business
coinbase
exchanges
Financial Services
Loans
Backed
Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
Crypto exchange Coinbase is stopping the issuance of new loans through its Borrow service — a product that allows certain United States customers to post crypto as collateral to receive a cash loan.
04.05 / 02:21
business
regulation
SEC
Digital Asset
hedge fund
SEC steps back from defining digital assets in new hedge fund rules
The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that govern reporting disclosures for hedge and private equity funds, despite proposing to do so some nine months ago.
04.05 / 02:01
04.05 / 01:21
business
Social Media
marketing
Media
36% of the top 1,000 crypto projects went silent on blogging this year
More than a third of the top 1,000 crypto projects — a term that includes both crypto companies and individual tokens — haven’t published a single new article on their respective websites in 2023.
03.05 / 23:59
business
NFT
regulation
Trading
Fraud
crimes
Jury convicts former OpenSea manager in NFT-insider trading case
The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court, according to a report from Reuters.
03.05 / 23:59
business
FTX
Court
Bankruptcy
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin Islands-based entity — part of efforts to recover value for creditors.
03.05 / 22:11
business
Google
Machine Learning
ChatGPT
Google DeepMind CEO Demis Hassabis says we may have AGI ‘in the next few years’
Demis Hassabis, the CEO of Google DeepMind, recently predicted that artificial intelligence (AI) systems would reach human-level cognition somewhere between “the next few years” and “maybe within a decade.”
03.05 / 21:13
business
Blockchain
Technology
Investments
Fraud
elon
AI tokens
State regulators crack down on fraudulent cryptos promoted as 'Elon Musk AI Tokens' and 'TruthGPT Coin'
The Texas State Securities Board, including several state regulators, have come together to issue cease-and-desist orders against Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai, for promoting two cryptocurrencies named TruthGPT Coin and Elon Musk AI Token. The orders seek to clamp down on what they claim is a fraudulent securities scheme attempting to capitalize on the growing buzz around artificial intelligence (AI).
03.05 / 18:17
business
Ethereum
IPO
regulation
SEC
Cybersecurity
STO
Securities token platform launches MPC wallet for institutions
Securities token platform INX has launched a wallet with compliance features for institutions, according to a May 3 announcement. The new wallet was created in partnership with wallet infrastructure provider BitGo and uses multi-party computation (MPC) technology.
03.05 / 17:57
business
lending
Celsius
Mashinsky files motion to dismiss NY AG suits, says it ‘parrots misinformation’
Alex Mashinsky, co-founder and former CEO of bankrupt crypto lending platform Celsius Network, has filed a response to New York Attorney General Letitia James’ suit against him. According to the document, the suit has shortcomings in presenting the facts in the case and its legal argument and should be dismissed.
03.05 / 17:07
business
Blockchain
Funding
Venture Capital
Fuse blockchain pledges $10M for ecosystem development
On May 3, layer-1 blockchain Fuse announced that it would pledge $10 million to “reinvigorate the Fuse ecosystem and drive growth in multiple areas.” The program, dubbed “Fuse Ignite,” is structured between liquid incentives and grants. As told by developers:
03.05 / 13:31
business
regulation
Ban
Media
ChatGPT
Hollywood studios reject banning AI from writer's rooms
Artificial intelligence (AI) brings yet another industry into a hot debate over its usage as Hollywood and the greater media industry faces petitions from the Writers Guild of America (WGA).
03.05 / 09:41
business
Adoption
Crypto.com
ChatGPT
Crypto.com launches ChatGPT-based AI user assistant Amy
Artificial intelligence (AI) continues its pervasive entry into industries worldwide. The latest crypto industry adoptee is Crypto.com after it announced its new generative AI user assistant.
03.05 / 05:13
business
Law
regulation
fees
FTX
Bankruptcy
FTX advisors billed the bankrupt firm for a whopping $103M in Q1
The lawyers and consulting firms assisting cryptocurrency exchange FTX through its bankruptcy proceedings are set to cash in a total of $103 million over the first quarter.
03.05 / 05:13
business
Amnesty nixes AI-generated images of Colombian protests after criticism
Human rights advocacy group Amnesty International has retracted artificial intelligence (AI) generated images it used in a campaign to publicize police brutality in Colombia during national protests in 2021.
03.05 / 02:37
business
Government
inflation
Betting
Bitcoin
Dollar
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price, with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement.
03.05 / 02:37
business
Blockchain
Adoption
Banks
retail
United Nations
consequences
Financial
Retail CBDCs bring unknown 'consequences' to financial system: IMF director
A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed.
03.05 / 00:57
business
Citi
coinbase
stocks
Coinbase stock
Coinbase stock will be ‘weighed down’ until US rules are clear: Citi
Crypto exchange Coinbase’s stock price will continue to be “weighed down” until regulators establish the legal “rules of the road” in the United States, according to investment analysts from Citi.
02.05 / 19:39
business
Ethereum
Investments
Altcoin
Federal Reserve
Bitcoin
Crypto Investment Products
Speculation
Interest rate hike speculation triggers outflows from crypto investment products: Report
On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in outflows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability of further interest rate hikes by the United States Federal Reserve this week.
02.05 / 19:13
business
Banks
Market Update
Bitcoin
Bitcoin Price
How can Bitcoin hold $28K amid the banking crisis?
In today’s Market Report episode, analyst and writer Marcel Pechman discusses whether Bitcoin’s (BTC) $28,000 support has a chance. Next, Pechman analyzes the First Republic Bank’s failure and its subsequent acquisition by JPMorgan. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.
02.05 / 18:35
business
Blockchain
education
Cloud Services
Machine Learning
FinTech
Student interest in ChatGPT skills on Udemy increased by 4,419% since 2022: Report
Udemy’s Global Workplace Learning Index for the first quarter of 2023 indicates that ChatGPT, financial services and courses aimed at developing students' business-teaching skills have experienced a massive uptick in interest from the site’s reported 49 million users.
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