Industry
Ex-NFL Owner Reggie Fowler Gets 6 Years in Prison for Crypto 'Shadow Banking'
Former NFL team owner Reginald Fowler sentenced to 6 years in prison for being a “shadow bank” for the cryptocurrency industry, which involved more than $700 millionWayne IngramApple's Vision Pro headset reveals an alternate metaverse of 'spatial computing'
Apple's new mixed reality headset, the Apple Vision Pro, has attracted both tech enthusiasts' attention and attention after it was unveiled at WWDC on June 5.Hallie GillCboe Digital Receives Margin Trading Approval on Its Crypto Futures Exchange
Major US options exchange Cboe Digital has applied to offer margin futures contracts on bitcoin (BTC) and ether (ETH), and has received approval from US commodity regulators.Jerry McNeillKraken fixes gateway issue after short delay in withdrawals
Cryptocurrency exchange Kraken said it investigated issues with several crypto funding gateways, including major avenues such as Bitcoin, Ether and ERC-20, which caused operational delays.Sherry CantwellBinance's net outflows on Ethereum hit $778 million since SEC charges
The US Securities and Exchange Commission's (SEC) lawsuit against Binance accusing the cryptocurrency exchange of violating various securities laws has had a direct impact on the cryptocurrency market and the exchange's balance sheet.James DeanSequoia 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 Green
