Industry
Paxful restarts marketplace operations for first time since April
Peer-to-peer cryptocurrency marketplace Paxful has announced it is back online after suspending operations in April.Herman HayesState-funded Chinese AI firm launches bot service to 'surpass' ChatGPT
A state-subsidized Chinese artificial intelligence (AI) company recently announced the launch of "Spark Model," an AI system designed to compete directly with OpenAI's ChatGPT.Seth RowdenCoinbase exec visits UAE to test potential of 'strategic hub' for international operations
After US-based cryptocurrency exchange Coinbase announced the launch of its global derivatives platform, key executives from the company are meeting with industry leaders and policymakers in the United Arab Emirates.Seth RowdenRipple Lost $200M Fighting SEC, Says CEO Brad Garlinghouse
Ripple Lost $200M Fighting SEC, Says CEO Brad GarlinghouseHerman HayesBinance Shuts Down BTC Withdrawals Amid Bitcoin Network Congestion
Crypto exchange Binance shuts down Bitcoin, Withdrawal on May 7 due to alleged transaction overflow on the Bitcoin network.Seth RowdenKazakhstan Introduces $7M Crypto Mining Tax in 2022
The government of Kazakhstan received 3.07 billion tenge (approximately $7 million) in taxes from cryptocurrency mining entities in 2022 after implementing a revised law regulating the financial burden of cryptocurrency mining, according to local media reports.Seth RowdenEligible Celsius Users Can Withdraw All “Distributable Escrow Assets” Subject to Court Approval
Cryptocurrency lending platform Celsius reported that some users will be able to withdraw 100% of their original funds more than 300 days after the platform froze withdrawals.Seth RowdenBNP Paribas Partners with Bank of China to Promote Use of Digital Yuan
BNP Paribas is teaming up with the Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate clients, according to the South China Morning Post.Seth RowdenDOJ Investigates Binance Violations of Russia Sanctions
Binance is under investigation by the US Department of Justice (DOJ) national security division for allowing Russians to use the cryptocurrency exchange in violation of US sanctions, according to a Bloomberg report published on May 5.Seth RowdenChina's first arrest of fake news using ChatGPT
A suspect identified only as "Hong" was detained by local authorities and arrested in China's Gansu region after allegedly using ChatGPT to generate fake news reports.Seth RowdenFTX Founder Sam Bankman-Fried Urges Court to Dismiss Charges
FTX founder and former CEO Sam Bankman-Fried (SBF) is seeking to have as many as 10 criminal charges against him dismissed in court, months ahead of a criminal trial scheduled for October.Seth RowdenCryptocurrency wars' - Newly filed letter slams SEC's proposed regulations
A proposal by US securities regulators to tighten custody rules for cryptocurrencies has faced opposition from at least two industry supporters, according to recently filed letters.Seth RowdenEstonia squeezes out 400 crypto firms after new law
Nearly 400 Virtual Asset Service Providers (VASPS) in Estonia have voluntarily shut down or revoked their authorizations after the government's recently strengthened Terrorist Financing Prevention and Anti-Money Laundering Act (AML) came into force in March.Seth RowdenStripe solves 'cold start problem' with launch of fiat-to-crypto onramp
Internet payments processor Stripe has launched a fiat-to-crypto onramp to address the "cold start problem" Web3 companies face when customers don't have "cryptocurrency in their wallets to transact."Herman HayesNigeria Goes Blockchain: Policies Could Affect Digital Identity
The Approval of Nigeria's National Blockchain Policy has the country's crypto Community Ecstitute as it Signals More Room for Growth in the Country's Cryp To Industry. A Number of Local Experts Commented on the New Policy and the Implications for the Nigerian Blockchain Ecosystem.Seth RowdenWhite House to Create International Standards for Distributed Ledger Technology
White House to Create International Standards for Distributed Ledger TechnologySeth RowdenBitcoin Takes Off in Liechtenstein: Minister Proposes Cryptocurrency Payments for Government Services
Liechtenstein PM Daniel Risch Announces Plan to Accept Bitcoin, As payment for government services. As local news reports, the tiny European nation continues to embrace blockchain technology.Herman HayesHuman ID project 'Worldcoin' launches gas-free wallet for humans only
Worldcoin, a project that recognizes humans and differentiates them from artificial intelligence, has launched a gas-free crypto wallet for verified humans, according to a May 8 announcement.Seth RowdenCrypto.com Launches ChatGPT-Based AI User Assistant Amy
Artificial intelligence (AI) continues to pervade every industry around the world. The latest crypto industry adopter is Crypto.com, which announced its new generative AI user assistant.Seth RowdenBalaji Pays Off His Insane $1M Bitcoin Bet, 97% Below Price Target
Bitcoin worth $1 million, The price bet was 97% below its price target, with backer Balaji Srinivasan opting to donate a total of $1.5 million to three different entities as a settlement.Herman Hayes
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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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