Industry
Big Short' author Michael Lewis almost ready to publish book on SBF
Bestselling author of The Big Short: Inside the Doomsday Machine and Moneyball: The Art of Winning an Unfair Game, Michael Lewis reveals he is almost done writing about Sam Bankman-Fried (SBF) and FTX Crash book encryption exchange.Hallie GillLedger Co-Founder Clarifies 'No Backdoor' in 'Recovery' Firmware Update
The launch of Ledger Recover, a new service that allows Ledger hardware wallet users to back up their secret seed phrases has met with massive resistance from the crypto community.Jerry McNeillHotbit Exchange Suspends Operations, Urging Users to Withdraw
Cryptocurrency exchange Hotbit has announced that it will cease operations on May 22.James DeanTornado Cash Attackers May Return Governance Control, Proposal Reveals
An attacker who caused panic in the community by hijacking Tornado Cash's governance is now proposing to undo their hack and while not everyone thinks the hackers can be trusted, they clearly have no choice in the matter.Barry StidhamDoes MetaMask withhold tax on customers' cryptocurrencies? no it's not right
ConsenSys, the company behind crypto wallet MetaMask, has cleared up rumors that it is taxing cryptocurrency users.Craig GreenBiden 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,Christopher SmithBrazil'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.Martha GrizzardInstagram 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.Wayne IngramRipple 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.Cornell RachelMIAX 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.Wayne IngramApple 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.Hallie GillOpenAI 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."Sherry CantwellCoinbase 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.Barry StidhamMetaverse 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.Christopher SmithTesla 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.Christopher SmithSenators 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.Cornell RachelDistributed 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.Wayne IngramInstitutional 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.Hallie GillSignature 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),Jerry McNeillApple'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.Sherry Cantwell
