Industry
Web3 developer Magic raises $52M funding round led by PayPal Ventures
San Francisco-based wallet-as-a-service provider Magic announced on May 31 that it has successfully raised $52 million in a strategic funding round led by PayPal Ventures.Herman HayesEU, US should push for AI code of conduct: EU tech chief
Lawmakers in the European Union are seeking to implement a code of conduct for the development and implementation of artificial intelligence (AI) ahead of the upcoming EU Artificial Intelligence Act.Herman HayesBinance Considerers Allowing Traders to Get Collateral at Banks
Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to deposit trade collateral with banks rather than crypto platformsHerman HayesTether Enters Bitcoin Mining in Uruguay
Stablecoin issuer Tether has announced that it will launch bitcoin mining operations in Uruguay.Herman HayesBuying a Bank Won't Solve Crypto Debanking
Binance CEO Changpeng Zhao said the company is unlikely to buy any banking institutions, despite growing concerns that cryptocurrency companies are being deprived of banking business, including Binance's Australian operations.Seth RowdenTrigonX, the latest crypto exchange to rise from the ashes of FTX
Australian cryptocurrency exchange TrigonX is the latest recovery story following the collapse of FTX, which is set to restart after a December crash with more than $50 million in debt.Seth RowdenLao Government Reportedly Prioritizing Blockchain Technology for Digital Transformation
On May 26, the Lao government reportedly hosted the first Ministerial Conference on Blockchain 4.0 Digital Transformation in the country's capital, Vientiane.Seth RowdenAmex plans to use artificial intelligence to speed up transaction approvals
Financial services giant Amex plans to use artificial intelligence (AI) services to verify transactions and analyze customer sentiment.Seth RowdenNvidia brings in AI supercomputer to create ChatGPT successor
Nvidia continues to advance the race to develop artificial intelligence (AI) tools and applications, as the company revealed plans to release more AI products.Seth RowdenBNB NFT marketplace Tabi raises $10M in angel funding
On May 10, the BNB Chain-based platform announced that Tabi, the non-fungible token marketplace formerly known as Treasureland, had closed a $10 million angel round of funding.Seth RowdenWhite House questions impact of AI surveillance on workers
As new plans surface, US officials are trying to keep a close eye on artificial intelligence (AI) developments to check employees' experience with AI surveillance.Seth RowdenBitfinex Partnership Drives Crypto Adoption in Latin America
Digital asset platform Bitfinex has announced a new partnership with a local Latin American exchange as part of a larger effort to drive wider adoption in the region.Herman HayesRipple acquires Pantera's stake in Bitstamp
Blockchain-based digital payment network Ripple has acquired a minority stake in cryptocurrency exchange Bitstamp in the first quarter of 2023.Herman HayesGate Group Launches New Virtual Asset Trading Platform in Hong Kong
Gate Group, the virtual asset service provider behind cryptocurrency exchange Gate.io, has launched its latest virtual asset trading platform in Hong Kong.Seth RowdenBinance Helps US Authorities Freeze $4.4 Million Linked to North Korean Cybercrime Organization
Cryptocurrency exchange Binance has revealed that it "assisted US law enforcement" in confiscating $4.4 million worth of crypto assets linked to a North Korean cybercrime group.Herman HayesShaquille O'Neal Wears FTX and Astral NFT Suit at NBA Game
Former basketball star Shaquille O'Neal has yet another run-in with the process servers, who have been trying to file a class action lawsuit against him for months over his alleged promotion of FTX.Herman HayesFahrenheit Wins Bid to Acquire Assets of Crypto Lender Celsius
Cryptocurrency consortium Fahrenheit emerged as the winning bidder to acquire insolvent cryptocurrency lender Celsius Network, court documents show. The acquisition involved Celsius assets, previously valued at approximately $2 billion.Herman HayesNvidia AI chip value soars amid AI development boom
The race to develop artificial intelligence (AI) continues as manufacturers around the world scramble to acquire the chips that power the technology.Herman HayesBinance Pauses Bridge Token Deposits, Seeks Clarification From Multichain Team
Cryptocurrency exchange Binance suspended deposits for 10 bridge tokens on May 25, after several days of stalled trading sparked uncertainty surrounding the Multichain protocol.Herman HayesMeta's new Megabyte system solves one of GPT's biggest hurdles
Meta AI recently published preprint research demonstrating a new "megabyte" framework for building generative pre-trained transformer (GPT) systems.Herman Hayes
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