Industry
Draft EU AI bill updates public facial recognition ban
EU lawmakers have advanced legislation on artificial intelligence (AI) to the next stage after completing votes in two committees of lawmakers.Cornell RachelAnimoca Brands Reports $3.4B in Assets in Interim Financial Update
Venture capital firm Animoca Brands has released an interim financial report setting out key unaudited financials for the period ending April 30, 2023.Martha GrizzardSnapchat influencer turns simps into cash with AI doppelganger
A 23-year-old Snapchat influencer appears to have taken a page from SimpDAO by launching an AI-powered version of his girlfriend through OpenAI's chatbot ChatGPT.Jerry McNeillCoinbase Calls Pepe a 'Symbol of Hate', Provoking Calls to Boycott the Exchange
An email sent to Coinbase customers that described the Pepe meme as a “hate symbol” co-opted by alt-right groups sparked outrage in the PEPE memecoin community.Sherry CantwellCatch the scammers: Kraken creates fake crypto accounts to 'bait' scammers
US cryptocurrency exchange Kraken has offered a new way to flag malicious wallets setting up a fake cryptocurrency account on the exchange to “trick” bad actors.James DeanRobinhood's Q1 cryptocurrency revenue down 30% from previous year
Cryptocurrency and stock trading app Robinhood reported its first-quarter results, with the company reporting a 30% year-over-year decline in revenue from its cryptocurrency trading business.Barry StidhamKenya Partners with Abu Dhabi Venom Foundation to Establish Blockchain and Web3 Hub
The Kenyan government has signed an agreement with Abu Dhabi-based blockchain platform Venom Foundation to launch a blockchain and Web3 hub in Africa.Craig GreenDCG settlement with Genesis still undecided as 30-day mediation period progresses
Digital Currency Group (DCG), the parent company of cryptocurrency firm Genesis Capital, has reported that there is no resolution of its “outstanding intercompany debt” that could help repay creditors.Christopher SmithTether Has $1.5B of Bitcoin Reserves
BDO Italia's latest Proof Report on Tether shows that Bitcoin accounted for about $1.5 billion in stablecoin issuer reserves at the end of the first quarter, or roughly 2% of the total.Martha GrizzardDo Kwon's $176m assets frozen: report
On May 10, local news outlet Hankyung reported that more than 233.3 billion won ($176 million) of personal assets had been frozen by Terraform Labs co-founder and former CEO Do Kwon as part of an ongoing criminal proceeding.Hallie GillArbitrum's DAO will earn over 3,350 ETH from transaction fees
Ethereum Layer 2 Blockchain Arbitrum Will Distribute Ether, The project, announced on Twitter on May 9, is worth nearly $6.2 million for its decentralized autonomous organization (DAO). ARB holders must claim rewards.Jerry McNeillDBS sees Bitcoin trade up 80% due to 2022 crypto crash, exec says
Singaporean megabank DBS is one of the few companies in the world to benefit from a massive cryptocurrency industry collapse in 2022.James DeanAI and chips: Wendy's trials chatbot drive-thru operator
An artificial intelligence chatbot called "Wendy's FreshAI" will take orders from Wendy's drive-thru customers after the fast food chain partnered with Google Cloud to create the bot.Craig GreenOKX Takes Subtle Assault on Coinbase in New Ad Campaign
Cryptocurrency exchange OKX appears to have called out rival exchange Coinbase in a new global ad campaign, arguing that “the system doesn't need to be updated; it needs to be rewritten.”Christopher SmithMarathon Digital Announces Immersive Cryptocurrency Mining Operation in Abu Dhabi
Marathon Digital Announces Immersive Cryptocurrency Mining Operation in Abu DhabiMartha GrizzardBRC-20 Token Market Cap Surpasses $1 Billion as Wallet Providers Prepare to Consolidate
On May 9, the BRC-20 bitcoin token total market capitalization exceeded $1 billion, with a total trading volume of $207.7 million over the past 24 hours.Wayne IngramOKX just sent $60 million worth of USDT and MASK tokens to Alameda Research
On May 9, crypto exchange OKX sent roughly $60 million worth of digital assets to wallets linked to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence.Hallie GillPayPal's crypto holdings up 56% to nearly $1 billion in Q1 2023
Fintech firm PayPal recently disclosed its cryptocurrency holdings in its quarterly report to the US Securities and Exchange Commission.Sherry CantwellBitcoin Priced at $700 Premium on Binance .US Cryptocurrency Exchange
Global cryptocurrency exchange Binance recovers from several pauses for Bitcoin, Its US arm, Binance.US, sells BTC at a premium.James DeanSpotify reportedly removed thousands of AI-generated songs
The battle between the music industry and AI continues, with reports that Spotify is outlawing AI-generated music.Christopher Smith
