Industry
SEC warns that Filecoin "meets definition of a security"
The US Securities and Exchange Commission (SEC) has asked Grayscale Investments to withdraw its application for the Filecoin Trust, warning that its underlying asset Filecoin, can be regarded as a kind of security.Martha GrizzardCryptocurrency will never be legal due to FATF, says Pakistani finance minister
According to multiple local media reports, Pakistani Minister of State for Finance and Taxation Aisha Ghaus Pasha said at a meeting of the Senate Standing Committee on Finance and Taxation on May 16Wayne IngramChinese state-owned Greenland applies for Hong Kong virtual asset trading license
According to the South China Morning Post, a subsidiary of Greenland Holdings is applying for a virtual asset trading license in Hong Kong. It is the first Chinese state-owned company to do so.Hallie GillOpenAI CEO Sam Altman Tests at 'Historic' Senate AI Safety Hearing
Sam Altman, CEO of OpenAI and co-founder of Worldcoin, recently tested before Congress along with Christina Montgomery, IBM's director of trust, and NYU professor Gary Marcus.James DeanUpdated European Tax Directive Requires Reporting of All Crypto Asset Transfers
The European Council has approved updated rules extending tax reporting requirements to include transfers of crypto assets.Barry StidhamBlockFi bought $30M in insurance with customers' money, creditor claims
Disgruntled creditors of bankrupt cryptocurrency lending firm BlockFi have filed a new court filing in response to the company's latest restructuring plan.Craig GreenCoinShares Posts Highest Quarterly Earnings Since Q1 2022
Cryptocurrency investment group CoinShares recently released its earnings report for the first quarter of 2023, saying it "returned to profitability."Christopher SmithCrypto Community Reacts to Ledger Wallet's Secret Recovery Phrase Service
Several members of the cryptocurrency community, including Ledger wallet owners, have taken to social media to air their distress following the release of Ledger's latest feature.Cornell RachelLibra-linked Sui blockchain fixes critical bug that put 'billions' at risk
According to a May 16 announcement from Zellic, the security firm hired to audit the network's security, the Sui blockchain network has quietly fixed a vulnerability that could have put “billions of dollars” at risk.Wayne IngramAre ZK-proofs the answer to Bitcoin's ordinal and BRC-20 problems?
The Bitcoin network recently faced a litmus test due to increased demand for writing Ordinals and BRC-20 tokens to the blockchain.James DeanCountdown to Bitcoin Halving: Less than 50,000 Blocks Remaining
A tweet from Bitcoin Woods highlighted the milestone, adding that this puts the halving date at April 22, 2024.Craig GreenBitcoin ordinals soar to 3 million inscriptions, but most are just text
OVER $ 8 Million Has Been Paid out to the Network Since Inscript Creator Was Founded.Christopher SmithAmazon is hiring AI engineers to build a ChatGPT-like search interface
Amazon is preparing to develop and implement a new "Search" feature for its online web store that has a ChatGPT-like interface.Wayne IngramTether touts financial stability after big profits, money diverted from banks
Stablecoin operator Tether Holdings withdrew more than $4.5 billion from banks in the first quarter of 2023, leading to a "significant reduction" in counterparty risk, the company said in a post touting BDO Italia's latest certification.Hallie GillIrish newspaper apologizes for misleading article generated by AI
An Irish daily has apologized to its readers after it unknownly published an article by a guest writer who used artificial intelligence (AI) to write articles.Sherry CantwellAmazon implements artificial intelligence to improve logistics and delivery speed
Amazon is prioritizing the use of artificial intelligence (AI) to improve delivery speed by reducing the distance between products and customers.James DeanSamsung Studying Offline Payments for South Korea's CBDC
Tech giant Samsung Electronics has reportedly teamed up with South Korea's central bank to conduct research on a central bank digital currency (CBDC) for offline payments.Barry StidhamSEC Amends $22M Penalty Against LBRY, Seeks $111,000 Instead
US securities regulators are seeking to revise a $22 million penalty on decentralized content platform LBRY, acknowledging that it is unlikely to come up with the funds to pay.Christopher SmithQuadrigaCX creditors to receive 13% as 'interim dividend'
Creditors of bankruptcy Canadian cryptocurrency exchange QuadrigaCX will receive 13% of their total claims as part of an "interim dividend."Cornell RachelJump Trading Faces Lawsuit Over Alleged $1.3B Profits From TerraUSD
A lawsuit filed in Illinois District Court details Jump Trading's alleged involvement in Terraform Labs' manipulation of the price of its failed algorithmic stablecoin,Martha Grizzard
