Industry

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.

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.

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.

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 platforms

Stablecoin issuer Tether has announced that it will launch bitcoin mining operations in Uruguay.

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.

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.

On May 26, the Lao government reportedly hosted the first Ministerial Conference on Blockchain 4.0 Digital Transformation in the country's capital, Vientiane.

Financial services giant Amex plans to use artificial intelligence (AI) services to verify transactions and analyze customer sentiment.

Nvidia continues to advance the race to develop artificial intelligence (AI) tools and applications, as the company revealed plans to release more AI products.

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.

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.

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.

Blockchain-based digital payment network Ripple has acquired a minority stake in cryptocurrency exchange Bitstamp in the first quarter of 2023.

Gate Group, the virtual asset service provider behind cryptocurrency exchange Gate.io, has launched its latest virtual asset trading platform in Hong Kong.

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.

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.

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.

The race to develop artificial intelligence (AI) continues as manufacturers around the world scramble to acquire the chips that power the technology.

Cryptocurrency exchange Binance suspended deposits for 10 bridge tokens on May 25, after several days of stalled trading sparked uncertainty surrounding the Multichain protocol.