Markets
BIS Basel Committee: Banks Must Disclose Crypto Exposure
The Basel Committee on Banking Supervision, a part of the Bank for International Settlements (BIS), released a consultation paper on October 17,Martha GrizzardBlockFi Publishes Financial Statements
BlockFi said it planned to disclose assets and liabilities, as well as a statement of certain payments the platform made to insiders and other parties, before filing for bankruptcy protection in November.Jerry McNeillGALA rockets around 70% after Gala Films and Dwayne ‘The Rock’ Johnson collaboration
After Gala Games (GALA) announced a partnership with actors Dwayne 'The Rock' Johnson and Mark Wahlberg, the value of its cryptocurrency surged nearly 70% in a single day.Wayne IngramMicrosoft in talks to invest $10 billion in ChatGPT owner OpenAI
Microsoft Corp. is in talks to invest $10 billion in ChatGPT owner OpenAI as part of a financing that would value the company at $29 billion, Semafor reported Monday, citing people familiar with the matter.Martha GrizzardAave Chan Founder Offers $2M CRV Purchase Proposal to Curve Founder
A proposal has been put forward by Aave Chan founder Marc Zeller, suggesting that the Aave treasury utilize USDT to acquire $2 million worth of Curve DAO tokensMartha GrizzardAlibaba Unveils Open-Source AI Models to Rival Meta's Llama 2
Alibaba Group, the Chinese tech and e-commerce giant, revealed on August 3 that its cloud computing division has introduced two open-source artificial intelligence (AI) models, as stated in a press release.Wayne IngramUpbit Exchange Surpasses Coinbase and OKX in Trading Volume
In July, the spot trading volume of the South Korean cryptocurrency exchange Upbit outpaced both Coinbase and OKX for the first time, according to data from CCData released on August 3rd.Hallie GillConsenSys Unveils 'Fuzzing' Tool to Test Smart Contract Security
Blockchain technology company ConsenSys has unveiled its "Diligence Fuzzing" tool for testing smart contracts.Christopher SmithKuCoin Clarifies Layoffs: Part of Regular Operations
Cryptocurrency exchange KuCoin has denied rumors of laying off 30% of its staff, equivalent to around 300 employees.Wayne IngramTikTok Takes on Twitter: Introduces Text Post Feature to Compete with Threads
On July 21, Changpeng Zhao, the CEO of Binance, issued a warning about the rising number of phishing hackers in the cryptocurrency spaceJames DeanNomura's Laser Digital Granted Dubai VARA License for Cryptocurrency Operations
Nomura's cryptocurrency subsidiary has been granted an operational license by Dubai's Virtual Assets Regulatory Authority (VARA)Sherry CantwellCanaan's Q2 Mining Revenue Surges 43%, Net Loss Up 31%
Canaan, a Bitcoin mining company listed on the Nasdaq, has released its unaudited financial results for the second quarter of 2023.Barry StidhamCircle's USDC Stablecoin Now Live on Chile's Mercado Pago
On August 29, fintech company Circle revealed its collaboration with Mercado Libre, a significant e-commerce player, to introduce the USD Coin stablecoinJames DeanElon Musk's X Nears Crypto Payment Reality with New State License
Rhode Island's regulatory authorities have granted X (formerly known as Twitter) a money transmission licenseSherry CantwellSEBA Bank Takes the Crypto Stage in Hong Kong!
The Hong Kong division of Swiss crypto-backed bank SEBA Bank has been granted an approval-in-principle from Hong Kong's Securities and Futures CommissionJerry McNeillBinance Bars Venezuelan Banks from P2P Payments
Binance, the world's largest cryptocurrency exchange, has taken steps to remove Venezuelan banks from its peer-to-peer (P2P) trading serviceWayne IngramSurge in AI Mentions in Q2 Earnings Calls by Tech Giants
The second quarter of this year saw a significant increase in mentions of artificial intelligence (AI) in major technology companies' earnings calls, according to Reuters.Jerry McNeillUS Defense Bill Raises Concerns for USDC and Stablecoins
The passage of a new defense bill by the US Senate has raised concerns for stablecoins like Circle's dollar coin, USDC, as well as other stablecoin issuers.Wayne Ingram
DTCC Stance: No Collateral for Bitcoin ETFs
The Depository Trust and Clearing Corporation (DTCC), a key player in financial services, has declared its decision to withhold collateralMartha Grizzard
Blockaid: Defender of Crypto Drainer Shutdown, Counters 'False Positives' Claims
Blockaid, a Web3 security platform, recently claimed that its software has led to the shutdown of at least one cryptocurrency drainJames Dean
