Industry
SEC lawsuit sheds light on Coinbase's management
The US Securities and Exchange Commission's June 6 lawsuit against Coinbase Global has raised questions about the crypto exchange's approach to managing the ongoing crypto crackdown.Seth RowdenSEC Concerned About 'Ethereum Is Not a Security' Statement
Newly released documents show redactions of a 2018 speech by Bill Hinman, the former director of the SEC's division of corporate finance, suggesting editors fear his statements could undermine the idea of Ether is a kind of security.Seth RowdenBitstamp Now Included in FCA's List of Registered Crypto Firms
British cryptocurrency exchange Bitstamp has joined the list of companies registered with the country's Financial Conduct Authority.Herman HayesIrish data watchdog blocks Google's launch of Bard in EU
Ireland's Data Protection Commission (DPC) has reportedly blocked Google's launch of generative artificial intelligence (AI) service Bard in the EU due to privacy concerns.Seth RowdenUS lawmakers cite SEC lawsuit as they consider cryptocurrency regulatory framework
Members of the US House of Representatives Financial Services Committee met to discuss clarity on the digital asset ecosystem, with some members citing recent legal action by the US Securities and Exchange Commission (SEC) against crypto firms.Seth RowdenAnnual inflation rises 4% in May, lowest in 2 years
The US Labor Department reported on Tuesday that inflation fell to its slowest annual rate in more than two years in May, potentially reducing pressure on the Federal Reserve to keep raising interest rates.Herman HayesFed meeting, June 14, 2023: Indexes mixed after FOMC hints at future rate hikes
The Federal Reserve decided on Wednesday not to raise interest rates for the 11th time in a row as it weighed the impact of the previous 10 hikes.Seth RowdenUK to get 'early or priority access' to AI models from Google and OpenAI
UK Prime Minister Rishi Sunak recently announced that Google DeepMind, OpenAI, and Anthropic, three technology companies widely regarded as global industry leaders in generative artificial intelligence (AI) technology, have agreed to provide the UK with early access to their AI models.Herman HayesSolana Foundation says SOL is not a security
Solana Foundation Addresses SEC Classification of Its Native Token Solana for the First Time on Twitter, as a guarantee.Seth RowdenUS to find 'right outcome' for cryptocurrencies
Brian Armstrong, CEO of cryptocurrency exchange Coinbase, emphasized that regulating crypto is not “rocket science” and believes the US will achieve regulatory clarity, “even if it takes a while.”Seth RowdenAnkr-Microsoft Collaboration Continues, Blockchain Creator Tools Debut
On June 8, decentralized blockchain infrastructure provider Ankr announced the launch of its enterprise blockchain creation tool on Microsoft's Azure Marketplace.Seth RowdenBinance may have lied to US lawmakers, senator argues
Binance may have misled US lawmakers about its business dealings and ties to local authorities in a letter sent in March, Bloomberg reported on June 8.Herman HayesEOS 5th Birthday, Celebrating Community Rebuilding Efforts
Celebrating the 5th anniversary of the EOS network, the team behind the protocol highlighted the importance of the community as it reviewed the many challenges the protocol had to face in order to restore scalability.Seth RowdenEU Begins Countdown to Crypto Legislation, Adds MiCA to Official Journal
On June 9, the EU's Market in Crypto Assets (MiCA) legislation was published in the Official Journal of the European Union (OJEU).Seth RowdenEU Uses Blockchain for Educational and Professional Credential Verification
The European Commission has embarked on the implementation of cross-border validation of educational and professional credentials.Seth RowdenFollowing Binance, Coinbase Lawsuits, Latam Crypto Holders Flock to Bitget
Cryptocurrency exchange Bitget has seen a surge in new accounts in Latin America after US regulators filed lawsuits against archrivals Binance and Coinbase.Seth RowdenNigeria Imposes 10% Capital Gains Tax on Crypto Assets
Former Nigerian President Muhammadu Buhari signed the Finance Act 2023 into law on the eve of leaving office on May 28.Seth RowdenNigerian Regulator Stops Binance Operations
It's been a rough week for cryptocurrency exchange Binance. On June 9, it was reported that the Nigerian securities regulator had deemed the exchange illegal, days after Binance was sued by the SEC.Seth RowdenOoki DAO to Shut Down After 'Precedent-Setting' Court Fight With CFTC
A US district judge has issued a default judgment ordering Ooki DAO to permanently shut down and pay a $643,542 civil penalty. The Commodity Futures Trading Commission (CFTC) originally filed a lawsuit against Ooki DAO in September 2022Seth RowdenQuantum miners will save blockchain 'significant' energy
A pair of scientists from the School of Computing at the University of Kent in the UK recently conducted a study comparing the energy consumption rates of current ASIC-based miners with proposed quantum-based solutions.Seth Rowden
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