Industry
Qatar 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 CantwellUniswap Scam Alert: Scammers Impersonate Executives and Create Fake Websites
Hayden Adams, creator of the Uniswap protocol and CEO of Uniswap Labs, recently took to Twitter to express surprise at scams involving individuals creating fake Uniswap websites.James DeanNet Bitcoin ATM Growth Sees Growth After 4 Months of Global Downtrend
Breaking Year-Long Global Bitcoin Downtrend and crypto ATMs, which recorded sharp growth in May, with nearly 1,400 net installations.Craig GreenEvertas Expands Cryptocurrency Insurance Products to Cover Mining and Increase Limits
Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its underwriting portfolio.Cornell RachelCentral Bank of Kenya says CBDC 'may not be a compelling priority'
The Central Bank of Kenya has received comments on a discussion paper on the possible issuance of digital shillings, but has yet to reach a firm conclusion.Martha GrizzardTaurus Deploys Asset Tokenization and Custody on the Polygon Blockchain
Digital asset infrastructure provider Taurus is boosting its tokenization efforts in Europe with a full integration with the Polygon blockchain, the company announced on June 2.Wayne IngramPrivacy ID Verification Wins Binance Web3 Reality Show
Cryptocurrency exchange Binance has announced the winner of its metaverse-based Web3 reality show "Build the Block." As part of the show, startups competed against each other to win investment from Binance Labs.Jerry McNeillOpenAI Receives Warning From Japanese Regulators About Data Collection
Japanese officials have begun to tighten their stance on artificial intelligence (AI) after the country's local privacy watchdog warned ChatGPT's parent company over its data collection methods.Sherry CantwellCrypto markets 'boring' as institutional buying slows - Novogratz
Galaxy Digital CEO Mike Novogratz has described the broader cryptocurrency market as “slack” or lack of enthusiasm largely due to institutional investors shying away from cryptocurrencies.James DeanUniswap DAO rejects plan to charge LP fees; UNI holders mention tax concerns
A proposal to enable protocol fees for the Uniswap decentralized exchange failed on June 1, potentially allowing liquidity providers (LPs) to continue earning all of their revenue from swaps, according to the proposal's official webpage.Craig GreenMysten Labs' Sui network partners with F1 Red Bull Racing
The Sui network, backed by Mysten Labs, announced a multi-year partnership with the Red Bull Formula 1 racing team less than a month after its blockchain mainnet went live.Christopher SmithWhat will Binance Australia's services look like after banking is removed?
Binance users in Australia now have fewer options for buying cryptocurrencies amid the continued debanking of the global crypto business. As of 5:00pm local time on June 1, Australia has stopped sending fiat money in and out of Australia via bank transfers. Trading suspensions include the Australian dollar (AU$) currency pair.Cornell RachelHong Kong-Based First Digital Group Launches Redeemable USD-Backed Stablecoin
Hong Kong-based qualified custodian and trust company First Digital Group announced the launch of its First Digital USD (FDUSD) US dollar-pegged stablecoin on June 1.Martha GrizzardItalian senator angers parliament with AI-generated speech
An Italian senator spoke before members of the Italian Parliament unbeknownst to them and his speech consisted entirely of artificial intelligence (AI).Wayne IngramHere's how OpenAI plans to weed out ChatGPT's disinformation
On May 31, OpenAI announced an effort to enhance ChatGPT's mathematical problem-solving abilities, with the aim of reducing instances of artificial intelligence (AI) hallucinations. OpenAI emphasizes that alleviating hallucinations is a critical step in developing consistent AI.Hallie GillWinklevoss twins' crypto exchange Gemini seeks UAE crypto license
Winklevoss-owned cryptocurrency exchange Gemini has announced that it has started acquiring crypto services licenses for clients in the United Arab Emirates (UAE).Jerry McNeill
