Industry
Missing 'Bitcoin Millionaire' and ONFO Coin Co-Creator Found Dead
The co-founder of recommendation-based cryptocurrency project ONFO coin has been found dead with apparent gunshot wounds about a week after he disappeared, although police are not currently suspecting murder.Sherry CantwellGate.io Denies Liquidity Issues After Multichain CEO Disappears
On May 31, centralized cryptocurrency exchange Gate.io denied rumors of illiquidity, saying “there are no rumored issues with our operations or withdrawals.”Barry StidhamMulti-chain team unable to find CEO, stops servicing affected chains
Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO Zhaojun, sparking rumors that the protocol's leadership may be arrested in China over ongoing technical issues.Christopher SmithTether Expands Presence in Georgia by Investing in CityPay.io
Stablecoin issuer Tether announced on May 31 that it is expanding its operations in the Republic of Georgia with a strategic investment in CityPay.io, a payments processor operating in more than 600 locations in the country.Cornell RachelBinance Plans New Round of Layoffs Amid Heightened Regulatory Scrutiny
Cryptocurrency exchange Binance is on the verge of layoffs, with the company reportedly planning to cut 20% of its workforce in June. The layoffs come after the company said earlier this year that it would not cut jobs.Martha GrizzardWeb3 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.Wayne IngramEU, 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.Hallie GillBinance 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 platformsChristopher SmithTether Enters Bitcoin Mining in Uruguay
Stablecoin issuer Tether has announced that it will launch bitcoin mining operations in Uruguay.Cornell RachelBuying 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.Martha GrizzardTrigonX, 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.Wayne IngramLao 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.Jerry McNeillAmex 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.Sherry CantwellNvidia 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.James DeanBNB 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.Craig GreenWhite 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.Cornell RachelBitfinex 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.Martha GrizzardRipple 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.Wayne IngramGate 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.Jerry McNeillBinance 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.Sherry Cantwell
