Business Financial News

02.05 / 17:03

business NASDAQ coinbase stocks Coinbase officers, board members face suit over alleged insider trading during listing

A Coinbase shareholder has filed a stockholder derivative complaint against some of the company’s executives and board members, claiming they profited from inside information during the company’s public listing. CEO Brian Armstrong and well-known venture capitalists are among the defendants.

02.05 / 10:59

business defi Investments lending Loans services ByBit joins crypto exchanges offering crypto lending services

Cryptocurrency exchange ByBit is the latest major platform to roll out an in-house cryptocurrency lending service for users.

02.05 / 09:21

business coinbase Ark stocks Bitcoin ARK Invest spends Int'l Workers' Day by buying $8M in Coinbase shares

ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers' Day by buying shares of the cryptocurrency exchange Coinbase.

02.05 / 09:07

business Technology Ban Samsung ChatGPT Samsung employees banned from using ChatGPT-like AI tools

Samsung Electronics Co. is the latest entity to take a stance against emerging generative artificial intelligence (AI) tools as they rapidly infiltrate major global industries.

02.05 / 06:45

business Law privacy coinbase Court Coinbase faces suit over alleged privacy violations in biometrics collection

Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges.

02.05 / 05:23

business Adoption Report Predictions Job IBM 7,800 jobs at IBM could be replaced by AI within years, suggests CEO

International Business Machines Corp. (IBM) is expecting to put a “pause” on hiring for "back-office" roles that could be potentially automated by artificial intelligence (AI) instead.

02.05 / 04:53

business Google ChatGPT ‘Godfather of AI’ resigns from Google, warns of the dangers of AI

An Artificial Intelligence (AI) pioneer, nicknamed the “Godfather of AI” has resigned from his position at Big Tech firm Google so he could speak more openly about the potential dangers of the technology.

02.05 / 04:53

business SEC coinbase us government expansion Aussie crypto exchange kicks off US expansion despite ‘regulatory risk’

Australian crypto exchange Coinjar is seeking to put its boots on the ground in the United States, with its CEO seemingly unfazed by the market's “regulatory risk."

02.05 / 01:17

business Adoption stocks Bitcoin Bitcoin Price Returns MicroStrategy’s Bitcoin conviction 'strong' as it returns to profit in Q1: CEO

Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its first quarterly profit since 2020.

01.05 / 16:29

business Blockchain Airdrop Justin Sun issues apology after Sui LaunchPool clash with Binance CEO

On May 1, Binance CEO Changpeng Zhao (CZ) issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD to Binance. The Binance executive wrote:

01.05 / 16:05

business Investments FTX Bitcoin FTX investor Temasek pours $10M into algorithmic currency system Array

Singapore’s government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange.

01.05 / 16:05

business Facebook SEC Meta Meta SEC filing reveals debt securities offering plans

Tech giant Meta, the parent company of Facebook, Instagram and WhatsApp, submitted a filing to the United States Securities and Exchange Commission (SEC) for new debt shelf offerings.

01.05 / 16:05

business Altcoin More crypto exchanges list PEPE following trading frenzy

On May 1, cryptocurrency exchange OKX announced that it would be listing memecoin Pepe (PEPE) at 17:00 Hong Kong Time (HKT) and open Pepe withdrawals on May 2 at 17:00 HKT. In supporting the listing decision, OKX staff wrote:

01.05 / 10:29

business regulation ChatGPT chatbot AI chatbot usage causes concern among 70% of Japanese adults

Artificial intelligence (AI) chatbots are not new. However, the rapid emergence of AI chatbots as integrations into emerging technology and society have been raising concerns among the public.

01.05 / 04:53

business regulation SEC Tokens ICO SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO

The United States securities regulator has handed down nearly $4 million in fines to crypto exchange Coinme for allegedly offering unregistered securities and giving “misleading statements” on its crypto token UpToken (UP).

01.05 / 01:57

business Gemini Court Bankruptcy Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing

Crypto lender Genesis and its key creditor group have agreed to a 30-day mediation process in an attempt to move forward with a final restructuring plan, though one company is expressing "frustration" over the pace of progress.

30.04 / 09:29

business Hackers hacks Social Media Altcoin Google YouTube Crypto scams YouTube helps recover hacked channel that attempted XRP crypto scams

Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP (XRP) cryptocurrency scams.

30.04 / 03:27

business regulation Liquidity Banks investigation FDIC pins Signature Bank's failure on poor governance and illiquidity

The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse.

29.04 / 08:51

business Scams Tencent Cloud to reportedly offer deepfake creation tool at $145

Tencent Cloud — the cloud services provider arm of Chinese tech giant Tencent — has launched a new digital human production platform allowing users to create deepfakes of any individual based on a three-minute video clip and 100 sentences of voice material.

29.04 / 06:53

business Adoption Ban data transparency OpenAI’s ChatGPT re-enters Italy after obliging transparency demands

Popular interactive artificial intelligence (AI) chatbot, ChatGPT, has been reallowed to provide services in Italy after addressing the privacy concerns raised by the region’s data protection agency, Garante.

29.04 / 05:25

business Blockchain Payments Web3 Verification Mastercard launches Web3 user verification solution to curb bad actors

Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space.

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