Industry
Biden Won't Accept Debt Deal That Protects Crypto Traders
US President Joe Biden has voiced opposition to a debt-ceiling deal with Republican leaders that is said to benefit crypto traders. Attending the G7 summit in Hiroshima, Japan, on May 21,Herman HayesBrazil's Binance Provider Gets Payment Institution Approval
Brazil-based Binance's payment provider, Latam Gateway, received a license from the country's central bank on May 19 to operate as a payment institution and e-money issuer, local media reported.Seth RowdenInstagram will reportedly launch a text-based app to rival Twitter
In a secret meeting with some of its creators, Instagram parent company Meta revealed it plans to launch a text-based conversation app, according to reports.Seth RowdenRipple and SEC Seek Extension to Unseal Hinman Documents
On May 19, defense attorney and former federal prosecutor James Filan, who has been closely monitoring the US Securities and Exchange Commission (SEC) vs. Ripple case for the past several years, shared an update on the possible unseal of the Hinman documents in public access.Seth RowdenMIAX Completes Acquisition of FTX Subsidiary LedgerX
The Miami International Stock Exchange (MIAX), owned by Miami International Holdings (MIH), has completed its acquisition of LedgerX, one of the FTX assets that was court-approved for sale in January.Herman HayesApple bans employees from using ChatGPT over data breach concerns
Big tech giant Apple has restricted the company's use of ChatGPT, a popular artificial intelligence (AI) chatbot, over concerns its sensitive data could be compromised.Seth RowdenOpenAI launches official ChatGPT app for iOS and Android 'coming soon'
OpenAI has launched the official version of its artificial intelligence chatbot ChatGPT on Apple's App Store, and has hinted that an Android version is "coming soon."Seth RowdenCoinbase Launches Subscription Service With Zero Transaction Fees
Cryptocurrency exchange Coinbase is launching a subscription service called "Coinbase One" in 35 countries. Initially, only customers in the UK, Germany and Ireland will have access to Coinbase One.Seth RowdenMetaverse ETF 'PUNK' Shuts Down After Betting on Meta's Vision
After 15 months and a roughly 30% loss, an exchange-traded fund (ETF) that counters Meta's view of the Metaverse is closing.Seth RowdenTesla updates AI-trained robot army, takes new robots for walks
Tesla has released new videos showing off its Tesla robots, which now appear to be able to walk smoothly, pick up items, and recognize objects. Tesla CEO Elon Musk showed the video at the company's shareholder meeting.Seth RowdenSenators slam bank execs for blaming cryptocurrencies for collapse, pocketing millions
A former Signature Bank executive has come under fire for seemingly trying to pin the blame for his bank's collapse on cryptocurrencies, while allegedly receiving millions in bonuses and stock options.Seth RowdenDistributed ledger tech could save TradFi $100B a year - lobby group
A new report from the Global Financial Markets Association (GFMA) claims that around $100 billion or more could be saved annually if distributed ledger technology (DLT) was used in traditional markets.Seth RowdenInstitutional withdrawals catalyze crypto bank runs in 2022
The 2022 crypto bank run caused by the collapse of multiple ecosystem giants — had a lasting impact on the crypto industry.Seth RowdenSignature Bank Fails to Understand Crypto-Related Risks - FDIC Chairman
Investigations into Signature Bank's collapse point to illliquid conditions and mismanagement. However, Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC),Seth RowdenApple's New Headphones Could Rocket Under Metaverse Tokens
Apple plans to release its highly anticipated mixed reality headset in the coming weeks, a development that some believe could breathe new life into the metaverse industry.Seth RowdenRipple Wins in Court as Judge Denies SEC Motion to Seal Hinman Files
The US securities regulator's motion to seal the records of its internal deliberations following former director William Hinman's speech has been denied a move seen as a victory for Ripple and the crypto community.Seth RowdenFollowing MiCA, Blockchain Tech Platform Bakkt Sets Sights on Europe
The international regulatory environment for cryptocurrencies is improving, according to Bakkt chief product officer Dan O'Prey, who is eyeing retail expansion on the African continent. Overall, O'Prey sees positive long-term trends.Seth RowdenBitcoin cleans the environment and helps catch criminals: US Senator Cynthia Loomis
Republican US Senator Cynthia Lummis from Wyoming had a fireside chat with Perianne Boring, founder and CEO of the Chamber of Digital Commerce, during the Bitcoin 2023 event in Miami on May 19.Seth RowdenTexas Reserve Certification Bill Passes Senate
Legislation that could require exchanges to maintain reserves “sufficient to meet all obligations to customers” brings it one step closer to becoming law in Texas. The bill passed the state Senate on May 15 and now only awaits the governor's signature.Seth RowdenCryptocurrencies should be a regular part of TradFi in 5-10 years
The CEO of cryptocurrency exchange Bittrex Global said cryptocurrencies need to establish themselves as a "new" part of traditional finance, rather than trying to squeeze themselves into existing financial products.Seth Rowden
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- 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
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- 5CZ: compared with the record high nine months ago, the current situation of the industry is much better
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