Markets
Tel Aviv Stock Exchange completes proof-of-concept to tokenize fiat currencies and bonds
With the minting of the first virtual digital government bond as an ERC-1155 security token, a new phase in the Tel Aviv Stock Exchange's integration of blockchain technology and traditional assets has been completed.Christopher SmithBinance.US Token Trades at Premium Amid Litigation Concerns, Fiat Gateway Issues
Multiple coins and tokens listed on Binance.US, a subsidiary of US-based cryptocurrency exchange Binance, began trading at a premium from their fair value on June 7. Bitcoin and other currencies and ether.Wayne IngramFed board issues order to Silvergate Bank as part of self-liquidation plan
The US Federal Reserve has issued a consent order to Silvergate and its parent company as part of the institution's "cease operations" and liquidation plan.Christopher SmithCFTC Commissioner Says Proposal to Reassess Risk Management Could Consider Cryptocurrencies
US Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero commented on a proposal to modify the government agency's risk management program for digital assets.Martha GrizzardBrazilian Crypto Exchange Mercado Bitcoin Receives License as Payment Provide
Cryptocurrency exchange Mercado Bitcoin received a payment provider license from the Central Bank of Brazil on June 2, local media reported. Once licensed, the company will launch its fintech solution, MB Pay.Jerry McNeillMUFG Promotes Bank of Japan-Backed Stablecoin with Progmat Coin Platform
Megabank Mitsubishi UFJ Financial Group (MUFG) has announced that its stablecoin issuance platform “Progmat Coin” will soon be used by the Bank of Japan to launch yen-pegged stablecoins on multiple public blockchains.Barry StidhamMicrosoft signs AI cloud computing deal with ex-Ethereum miner CoreWeave
Microsoft has reportedly signed a deal with former Ethereum miner Core Weave to use its cloud computing infrastructure to power its artificial intelligence (AI) services.Christopher SmithBinance's market share drops sharply as zero-fee BTC trading ends
Cryptocurrency Exchange Binance Has Lost Market Share Since Ending Zero Free Bitcoins, New Data Shows trading.Hallie GillNike NFT Comes To EA Sports Game And Its Millions Of Fans
Nike's non-fungible token (NFT) platform .Swoosh will soon be integrated with EA Sports games, a major step toward mainstream gamer adoption of crypto, potentially making Nike's virtual footwear and appear in the game.Barry StidhamInvestment Bank TD Cowen Shuts Crypto Desk After a Year in Business
Independent US investment bank TD Cowen announced the closure of Cowen Digital just over a year after launching its crypto division, without providing a clear reason.James DeanMicrosoft's CSO says AI will help humanity thrive, co-signs doomsday letter anyway
Eric Horvitz, Microsoft's chief scientific officer, believes artificial intelligence (AI) will enable future humans to flourish, but he's clearly hedging his bets.Craig GreenCrypto firms vie for Hong Kong licenses ahead of retail store openings on June 1
The race to snatch up retail cryptocurrency dealers in Hong Kong is on, with several cryptocurrency firms announcing plans to apply for licenses on June 1.Hallie GillBybit Receives Pre-Approval as Crypto Custody Provider in Kazakhstan
Cryptocurrency exchange Bybit continues to expand its operations after receiving "in-principle" approval from Kazakh regulators.Barry StidhamJump Crypto Discovers Double Voting Vulnerability in Celer's SGN
Web3 investor and developer Jump Crypto discovered a vulnerability in Celer's State Guardian Network (SGN) that allowed malicious validators to compromise the network and applications that depend on it, including Celer's cBridge.Hallie GillSam Altman's Worldcoin Raises $115M for Decentralized IDs
Crypto project Worldcoin has reportedly raised $115 million in a Series C round led by Blockchain Capital. Funds will be used to support its decentralized World ID and recently released World App, a crypto wallet.Christopher SmithDigital Currency Group Shuts Institutional Trading Unit TradeBlock
Venture capital group Digital Currency Group (DCG) is shutting down its prime brokerage subsidiary TradeBlock, citing uncertainty over broader economic conditions and the US cryptocurrency regulatory environment.Hallie GillMicrosoft urges lawmakers and companies to 'tighten' AI guardrails
Brad Smith, chief executive of big tech firm Microsoft, called on the government to "move faster" and on businesses to "step up the pace" amid a dramatic acceleration in the development of artificial intelligence.Jerry McNeill"Exhausted all options" - cannot be closed after being hung up by investors
Unbanked, a cryptocurrency fintech firm that provides cryptocurrency custody and payment services, has become the latest company to close shop while citing the harsh regulatory environment for cryptocurrencies in the United States.James DeanChinese city releases draft metaverse industry development policy
On May 24, the Chinese city of Zhengzhou announced a series of policy proposals to support Metaverse companies operating in the region.Barry StidhamBitcoin Soars to Second Largest NFT Chain, StepN Integrates Apple Pay
Non-fungible tokens (NFTs) are still making waves in the Bitcoin community, and the network has quickly become the second-largest NFT chain, according to CryptoSlam.Sherry Cantwell
