Industry
Sequoia Capital announces three-party spin-off of China business
Venture capital firm Sequoia Capital has announced an impending spinoff that will see the company split into three different partners serving the US, China and Asia markets.Barry StidhamCoinbase shares plunge 20% on SEC lawsuit
Shares of cryptocurrency exchange Coinbase plunged more than 20% at the open on June 6. At press time, the stock had pared some losses and was trading at $50.14, off an intraday low of $46.43.Craig GreenSEC Lawsuit Squeezes Net Worth of Coinbase and Binance CEOs
The fortunes of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have been hit hard by recent lawsuits from US securities regulators.Martha GrizzardJack Dorsey sparks controversy by claiming ETH is a security
Long term bitcoin, Advocate Jack Dorsey finds himself in a Twitter war with several crypto industry experts after answering yes If Ether is a security.Hallie GillSEC lawsuit against Binance hampers South Korea's Gopax takeover deal
The US Securities and Exchange Commission's (SEC) lawsuit against Binance could hurt the cryptocurrency exchange's business opportunities in South Korea.James DeanBinance says it's 'different' from other exchanges amid SEC lawsuit
On June 7, cryptocurrency exchange Binance posted a statement on its Chinese-language social channels with the hashtag #StrongTogether.Barry StidhamARK Invest bought Coinbase stock the same day SEC filed suit
ARK Invest added more shares to its Coinbase holding on the same day the SEC filed a lawsuit against cryptocurrency exchange Coinbase.Craig GreenBinance.US Suspends Trading of Dozens of USDT, BTC, BUSD Pairs Amid SEC Lawsuit
Binance.US canceled trading services for several crypto tokens on June 7. The move comes after the SEC filed a lawsuit against the Binance entity and its leadership earlier this week.Cornell RachelUS District Court Issues Subpoena to Binance CEO Changpeng Zhao Over SEC Action
The US District Court in Washington, DC, issued a subpoena to Binance CEO Changpeng Zhao on June 7, just two days after the US Securities and Exchange Commission (SEC)Martha GrizzardIntuit Brings Proprietary Large Language Models to Fintech with GenOS
Fintech giant Intuit, whose products include TurboTax, Mint, Credit Karma, Mailchimp, and QuickBooks, recently expanded its software-as-a-service platform to include GenOS, an operating system for generative artificial intelligence (AI) technology.Hallie GillCumberland Labs launches SaaS API for public blockchains and DeFi protocols
Cumberland Labs, the incubator arm of Chicago-based crypto trading firm Cumberland, has launched a beta version of a new API tool that simplifies the daunting task of connecting to blockchain and decentralized finance protocols.Jerry McNeillSEC's Gensler offers to advise Binance in 2019
SEC Chairman Gary Gensler has offered to serve as an advisor to Binance, according to lawyers representing the cryptocurrency exchange and its founder, Changpeng Zhao.Sherry CantwellDogecoin investor accuses Elon Musk of insider trading in amended class action
A bunch of dogecoins Investors have asked to amend a class-action lawsuit against soon-to-be former Twitter CEO Elon Musk, accusing him of manipulating the price of a meme token.James DeanMoney stored on mobile payment apps may not be FDIC insured, US regulator warns
In a June 1 report, the Consumer Financial Protection Bureau (CFPB) warned Americans to keep their money in insured accounts rather than uninsured payment apps.Barry StidhamCoinbase Derivatives Exchange to Launch BTC and ETH Futures
Public cryptocurrency exchange Coinbase is moving ahead with its futures contracts as the cryptocurrency industry faces regulatory challenges in the United States.Craig GreenQatar under fire for not doing enough against crypto firms
The Financial Action Task Force (FATF) has slammed the Qatar Central Bank (QCB) for making little effort to enforce its regulations banning virtual asset service providers.Cornell RachelDCG Asks Judges to Consolidate Class Actions to Avoid Conflicting Judgments
Venture capital firm Digital Currency Group (DCG) and its CEO Barry Silbert have asked to consolidate two class-action lawsuits alleged losses during the cryptocurrency winter.Martha GrizzardPrivacy-focused Aleo blockchain gets new wallet as mainnet launch looms
Demox Labs has launched a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement.Wayne IngramU.S. Lawmakers Aim to Put Pressure on SEC with Proposed Bill to Increase Transparency in Crypto Regulation
Lawmakers on the US House Financial Services Committee and the House Agriculture Committee have released a discussion draft that provides a way for certain crypto assets to be tokenized as digital commodities.Hallie GillOpenAI commits $1 million to support AI-driven cybersecurity initiatives
The urgency to act is heightened by the adverse effects of artificial intelligence (AI) technology in the hands of criminals enabling the creation of deepfakes and malware.Sherry Cantwell
