Industry
TransUnion starts offering identity-protected credit scores for DeFi lending
TransUnion, one of the three major US credit reporting agencies, announced on April 20 that it will begin providing credit scores to public blockchain networks. Off-chain credit data was previously unavailable to Web3 and decentralized finance (DeFi) applications.Barry StidhamWorst Code I've Ever Seen': Euro Stablecoin Faces Centralization Criticism
France has come under fire for releasing a new euro-pegged stablecoin due to its decision to restrict peer-to-peer transactions.Craig GreenTerraform Labs co-founder Do Kwon faces lawsuit from Montenegro
Montenegrin prosecutors have filed an indictment proposal against Terraform Labs co-founder Do Kwon, Bloomberg Law reported, citing Montenegrin newspaper Vijesti.Christopher SmithCoinbase could face years-long court battle with SEC, CEO warns
U.S. cryptocurrency exchange Coinbase is preparing to file a lawsuit with the U.S. Securities and Exchange Commission after regulators warned the company could violate securities laws,Craig GreenMicrosoft is developing its own AI chip to power ChatGP
According to a report from The Information, Microsoft has been secretly developing its own artificial intelligence (AI) chip in response to rising development costs both internally and through the OpenAI project.Christopher SmithIntel 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.Cornell RachelTribe 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.Martha GrizzardEU 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.Hallie GillMicrosoft 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.Jerry McNeillCrypto 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.Sherry CantwellStability 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.James DeanBank 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.Barry StidhamSubgraph 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.Craig GreenCoinbase 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.Cornell RachelElon 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.Martha GrizzardVoyager'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.Hallie GillCrypto 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.Sherry CantwellSEC'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.Barry StidhamCryptocurrency 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.Craig GreenKraken 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.Cornell Rachel
