Industry
FTX Founder Sam Bankman-Fried Now Faces Two Criminal Trials
Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the former CEO now facing two separate trials for alleged mismanagement of the cryptocurrency exchange.Hallie GillBlockchain Association Requests Information About Prometheum for 'Dubious' Approval
The Blockchain Association, a US cryptocurrency lobby group, has filed a request with the US Securities and Exchange Commission seeking information about previously little-known cryptocurrency firm Prometheum.Jerry McNeillMercedes-Benz trials ChatGPT-powered voice control
Luxury automaker Mercedes-Benz is integrating artificial intelligence into more than 900,000 vehicles as part of a new trial of a ChatGPT-powered voice assistant system.Sherry CantwellBitcoin falls below $25,000 for the first time in 3 months
Bitcoin fell below the $25,000 mark for the first time since March 17, following a hawkish Federal Reserve announcement in another tumultuous week for the crypto industry.James DeanPro-Bitcoin Miami Mayor Francis Suarez Files 2024 Presidential Campaign Papers
Miami Mayor Francis Suarez and prominent crypto advocate has filed documents indicating his intention to run for President of the United States in 2024.Barry StidhamAI automation could take over 50% of today's work activities by 2045
In just 22 years, generative AI may be able to fully automate half of all work activities performed today, including tasks related to decision-making, management, and interaction with stakeholders, according to a new report from McKinsey & Company.Craig GreenVoyager app will reopen for customer withdrawals as soon as June 20
Cryptocurrency brokerage Voyager Digital is preparing to reopen its app and allow customers to finally withdraw funds nearly a year after filing for Chapter 11 bankruptcy protection.Cornell RachelHong Kong Government Pressures Banking Giants to Accept Crypto Clients
The Hong Kong Monetary Authority (HKMA), the region's central bank and regulator, has reportedly put pressure on major banks, including HSBC and Standard Chartered, to accept cryptocurrency exchanges as clients.Martha GrizzardWhat Nigeria's Naira Float Means for Its Cryptocurrency Market
Nigeria, known for its growing adoption of cryptocurrencies such as bitcoin, said on June 14 thatWayne IngramCelsius seeks to convert alts to bitcoin and ether under restructuring plan
Defunct cryptocurrency lender Celsius has amended its bankruptcy filing pending approval from the New York Bankruptcy Court following a successful takeover deal with the Fahrenheit cryptocurrency consortium. The cryptocurrency lender filed its restructuring plan on June 15.Hallie GillHow Hackers Are Using Mining Pools as Mixers: Chainalysis
While good actors in the crypto space use their creativity to build new things, bad actors use that same energy to devise more ingenious ways to hide their ill-gotten gains.Jerry McNeillNew York Bans CoinEx Exchange, Seizes $1.7 Million in Crypto Assets
Hong Kong-based cryptocurrency exchange CoinEx has been banned from operating in New York by Attorney General Letitia James.James DeanEU regulators to launch MiCA consultations from July
EU financial regulators are to launch a three-part consultation process on the recently adopted Framework for Markets in Cryptoassets, or MiCA.Wayne IngramJudge to consider whether to try Sam Bankman-Fried alone in lieu of charges
A US federal judge is reportedly weighing a proposal to split the criminal charges against former FTX CEO Sam Bankman-Fried (SBF) into two trials after prosecutors filed documents.Hallie GillCryptocurrency lender Abra has been insolvent since March, Texas regulator says
Crypto lending firm Abra, which handled more than $116 million in assets for alleged securities fraud, has been insolvent since March 31, according to Texas regulators.Jerry McNeillBlackRock's Bitcoin ETF Is The 'Best Thing' For BTC, Is It?
Some crypto industry watchers say BlackRock's latest spot bitcoin (BTC) trust filing will boost investor confidence in bitcoin and could even be the “best thing that can happen” to BTC but others warn There are hidden costs.Sherry CantwellMark Cuban Challenges the SEC, John Reed Stark, and 'Crypto Disorder Syndrome'
Crypto Twitter has seen a heated debate this week, with billionaire investor Mark Cuban accusing the SEC's Gary Gensler of throwing cryptocurrencies under the bus, while former SEC officials were quick to defend Regulators defended.James DeanBrazil's President Signs Law Aiming for Central Bank to Regulate Crypto Firms
Brazilian President Luiz Inácio Lula da Silva, known to many simply as Lula, has signed legislation clarifying the role of the country's central bank and securities regulator with regard to cryptocurrencies.Barry StidhamUS Senators Propose Removing Section 230 Protections for AI Companies
Senators Josh Hawley, Republican of Missouri, and Richard Blumenthal, Democrat of Connecticut, introduced a Senate bill on June 14 that would remove current restrictions on artificial intelligence provided to online computer service providers under US federal law. (AI) Special pro protection for companies.Martha GrizzardCoinbase CLO Says Requiring DEXs to Register with SEC Like Other Exchanges Is 'Impossible'
The chief legal officer of US cryptocurrency firm Coinbase, Paul Grewal, has opposed the SEC's proposed rule changes that could change what an exchange is and how digital assets are regulated.Wayne Ingram
