Markets
Binance Files to Deregister in Cyprus, Says Focus on 'Larger Market'
Binance appears to be preparing to exit Cyprus. On its website, the CySEC flagged Binance Cyprus Limited as “under review for deregistration application.”Christopher SmithEU AI bill passes parliament
The European Parliament has adopted the EU AI Act, a comprehensive legislative framework for the governance and oversight of AI technologies in the EU. Parliament passed the measure in a June 14 vote, with the bill receiving a majority of 499 to 28 with 93 abstentions.Cornell Rachel"All SEC Statements Fail" - Binance .US Denies Motion to Freeze Funds
Binance.US has asked a court to reject the securities regulator's proposed temporary restraining order on its assets, claiming that such a move would “effectively wind up” its operations.Hallie GillSEC and Binance Seek Compromise Over Freeze of US Assets
The US Securities and Exchange Commission (SEC) and BAM Trading (Binance's US arm) recently filed a request for a consent order to ease some of the restrictions previously imposed by the SEC on freezing the company's assets.Craig GreenUS court rejects BitGo's claim in $100 million lawsuit against Galaxy Digital
The US Court of Chancery in Delaware has largely dismissed a lawsuit by digital asset custodian BitGo after cryptocurrency investment firm Galaxy Digital abandoned its takeover bid for the company in 2022.Sherry CantwellBinance CEO CZ Responds to Data Pointing to Billions in Exchange Outflows
While data suggests that crypto asset flows out of centralized exchanges accelerated last week, Binance CEO Changpeng Zhao thinks the situation may not be as bad as it seems.Barry StidhamHong Kong Lawmakers Invite Coinbase to Territory Despite SEC Scrutiny
Touting its progressive stance on cryptocurrencies, Hong Kong lawmakers have invited Coinbase and other cryptocurrency exchanges to operate in the region.Wayne IngramCrypto Ads Face Tougher Rules, UK FCA Bans Referral Bonuses
In a June 8 announcement, the UK's Financial Conduct Authority (FCA) said advertisers of encrypted services in the UK will be subject to stricter regulation from October 8, 2023.Martha GrizzardCrypto.com Suspends US Institutional Trading Services
Crypto.com will no longer serve institutional clients in the US after announcing a suspension of service beginning June 21.Craig GreenEU Needs Further Efforts to Enforce Crypto Regulations
Btc.x CEO Christian Anders. Although the Marketplace for Cryptoassets (MiCA) has been signed into law, the European Union (EU) may need to do more lobbying with different European regulators and work with different governments, said.Wayne IngramFTX Authorizes "Permanent Editing" of Individual Client Names
Bankrupt cryptocurrency exchange FTX has reportedly been given permission to permanently remove individual customers from all court filings, while the names of companies and institutional investors will be sealed “temporarily.”Cornell RachelMetaMask Institutional integrates with Fireblocks MPC platform
According to a June 6 announcement, Web3 wallet MetaMask will be integrated with Fireblocks' multi-party computation (MPC) platform, allowing Fireblocks users to access the wallet's portfolio dashboard. The integration will be part of the MetaMask Institutional offering for institution al investors. It will go live on June 12.Christopher SmithWeb3 adds a semantic layer to Ethereum for the decentralized society
oo much focus on tokenizing assets rather than encoding social trust relationships is a major complaint about the current state of Web3, and Ethereum co-founders Vitalik Buterin and E. Glen Weyl found a clear voice in a paper published in mid-2022 and Puja Oh lhaver .Cornell RachelBlue-chip collateral helps stabilize NFT lending: Paraspace
According to a recent report by non-fungible token (NFT) money market protocol Paraspace and multi-chain wallet BitKeep, NFT lending or NFTFi loans now exceed $430 million, involving 43,521 borrowers.Wayne IngramAtomic Wallet says hack affected 1% of active users, but investors claim otherwise
According to the Company, a hack has long $ 35 Million from Atomic Wallet Users Since June 2, AFFECTING LESS THAN 1% of ITS MONTHLYLY Meers.Christopher SmithCoinbase CEO Responds to SEC Lawsuit, Says Team Has 'Confidence' in Facts and Law
Coinbase CEO Brian Armstrong has publicly responded to the SEC's lawsuit against his company, saying in a tweet that the team is "confident in our facts and laws" and welcomes a chance to "finally gain some clarity on encryption rules" in court.Christopher SmithSEC Crackdown on Binance and Coinbase Surges DeFi Volumes by 444%
Cryptocurrency investors have been spooked by recent legal action by US securities regulators against cryptocurrency exchanges Coinbase and Binance,Cornell RachelMeta's Zuckerberg heckled by senators over 'leaked' LLaMA AI model
Two US senators have questioned Meta CEO Mark Zuckerberg over the tech giant's "leaked" AI model LLaMA, which they claim is potentially "dangerous" and could be used for "criminal missions" .Wayne IngramEl Salvador-based bitcoin miner Volcano Energy invests $250 million to launch
A Public-PRIVATE PARTNERSHIP in El Salvador Has Received ITS FIRST $ 250 Million in Funding after Committing $ 1 Billion to create a bitcoin (BTC) MinIn Farm.Jerry McNeillSEC's Gensler Alleges 'Similarities' Between Binance and FTX, But No One Has Been Indicted
The US securities chairman has hinted at “similarities” between cryptocurrency exchange Binance and collapsed exchange FTX namely their alleged use of sister companies to move funds.Sherry Cantwell
