Industry
Intel to Stop Making Chips for Bitcoin Miners
Major U.S.-based technology firm Intel has reportedly announced plans to discontinue its Blockscale line of bitcoin mining chips as part of an effort to cut costs.Seth RowdenTribe Capital Considers Revitalizing Bankrupt Cryptocurrency Exchange FTX
San Francisco-based venture capital firm Tribe Capital, which invested in FTX before its collapse, is exploring the possibility of injecting fresh capital to revive the bankrupt cryptocurrency exchange, Bloomberg reported on April 18.Seth RowdenEU sets up research center to analyze big tech companies' AI algorithms
The European Commission has launched a new research unit that will investigate the impact of algorithms made and used by prominent online platforms and search engines such as Facebook and Google.Seth RowdenMicrosoft Azure Marketplace integrates on-ramp to blockchain data
Web3 data company Space and Time announced that developers can now deploy their data warehouses directly from Azure Marketplace, Microsoft's online store for services and applications for use on Azure.Seth RowdenCrypto firm Mawson sells Texas site for $8.5M ahead of anti-mining bill vote
Crypto mining firm Mawson Infrastructure Group is exiting Texas following the $8.5 million sale of its local subsidiary and lease agreements and contracts related to operating in the state.Seth RowdenStability AI Launches StableLM, an Open Source Alternative to ChatGPT
The field of large language models continues to swell as Stability AI, maker of the popular image generation tool Stable Diffusion, has launched a suite of open-source language model tools.Herman HayesBank of Russia to set up cryptocurrency mining and cross-border settlement entity
Russia is taking further steps to ease global sanctions imposed since its invasion of Ukraine in 2022.Herman HayesSubgraph hosting service launches as The Graph prepares to decentralize
Blockchain data provider Chainstack has launched a Web3 data collection hosting service called “Subgraph,” according to the company’s April 19 announcement.Herman HayesCoinbase Gets Bermuda License, Offshore Exchange May Launch Next Week
U.S.-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and is reportedly set to launch a derivatives exchange there as soon as next week.Herman HayesElon Musk threatens to sue Microsoft, claims AI was trained on Twitter data
Microsoft is under threat of a lawsuit from Tesla and Twitter CEO Elon Musk, who claims the big tech company "illegally" trained its artificial intelligence on Twitter data.Herman HayesVoyager's $1 billion deal with Binance. U.S. moves forward after deal with Fed
Bankrupt cryptocurrency lender Voyager Digital Holdings has reached an agreement with the U.S. federal government to move forward with a $1 billion plan that would allow Voyager to sell its assets to Binance’s U.S. affiliate.Herman HayesCrypto Lender BlockFi Gets Extra Time to File Chapter 11 Exit Plan
On April 19, a New Jersey bankruptcy judge gave digital asset lender BlockFi additional time to file a bankruptcy exit plan.Herman HayesSEC's Gensler Called ALGO 'Great Technology' in 2019: SEC Now Treats It as a Security
SEC Chairman Gary Genser Praises Four-Year-Old Video of Smart Contract Platform Algorand, It is being circulated on Twitter after the SEC announced that ALGO is an unregistered security.Herman HayesCryptocurrency Lender Babel Gets Extended Creditor Protection in Singapore
Troubled cryptocurrency lending firm Babel Finance has more time to repay debts to creditors like Deribit after suspending withdrawals in 2022.Herman HayesKraken Receives Authorization as Irish Virtual Asset Service Provider Ahead of MiCA Vote
Kraken’s Irish subsidiary Payward Europe Solutions, registered in Dublin, was authorized as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland on April 18.Herman HayesZipmex asks Singapore court for 2-month extension on restructuring plan
Cryptocurrency exchange Zipmex has requested another extension to allow a longer suspension of its debt in Singapore amid the company's liquidity problemsHerman HayesSpeaker Prepares to Introduce Stablecoins to U.S. House Financial Services Committee
The U.S. House of Representatives Financial Services Committee will hold a hearing on stablecoin regulation on April 19.Herman HayesUK could have crypto regulations within a year, says senior minister
A U.K. lawmaker has claimed that the U.K. can have digital asset regulation in place within 12 months, saying the country hopes to capitalize on the benefits that blockchain can bring to the private sector and the economy.Herman HayesUS Attorneys Demand 7-Year Prison for Enforcer in Crypto Shadow Banking Case
U.S. prosecutors are seeking a lengthy prison sentence for an executive in a five-year-old crypto shadow banking case.Herman HayesLondon Stock Exchange Group may provide BTC derivatives clearing services in the fourth quarter
The U.K. could see its first centrally cleared trading venue for digital asset derivatives, thanks to a partnership between the London Stock Exchange Group (LSEG) business and trading startup Global Futures and Options (GFO-X).Seth Rowden
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