Markets
ParaSpace team clashes with CEO over whereabouts of protocol funds
On May 10, non-fungible token (NFT) financialization protocol ParaSpace published several alleged violations linking its CEO, founder and CTO Yubo Ruan to mismanagement of funds, amounting to 2,909 Ether, Recovered through a white hat intercept that occ urred on March 18.Sherry CantwellBuzzfeed shuts down news division, turns to AI
On its first-quarter earnings call, digital media company BuzzFeed revealed a significant drop in revenue and hinted that that is about to change in the near future.Barry StidhamGrayscale Expands ETF Business, Launches 3 New Crypto Funds
Cryptocurrency asset manager Grayscale Investments has proposed three new cryptocurrency-focused exchange-traded funds (ETFs) for approval, and the firm has also announced a new entity to manage its growing fund.Cornell RachelBankrupt Crypto Exchange QuadrigaCX Begins "Temporary Distribution" of Funds
According to a May 8 post by law firm Miller Thomson, which represents users of defunct cryptocurrency exchange QuadrigaCX, an interim distribution of funds related to the bankruptcy proceedings will be scheduled “in the coming weeks.”Jerry McNeillMicrosoft, Goldman Sachs and others team up to develop new blockchain network
Microsoft, Goldman Sachs and others team up to develop new blockchain networkBarry StidhamBitcoin Fee Surge Spurs Switch to Lightning Network - Binance and Coinbase Line Up
Bitcoin's recent surge, Transaction fees ignited a fire as one of the largest cryptocurrency exchanges upgraded to the Bitcoin Lightning Network. After halting withdrawals for the second time,Craig GreenIDO of Cetus DEX oversubscribed after Sui mainnet launch
Within hours of the launch of Cetus' Initial Decentralized Exchange Offering (IDO) on May 8, its hard cap target of 800,000 Sui (SUI) tokens had been surpassed, with more than 6 million committed at launch SUIs worth approximately US$6.85 millionWayne IngramPepe's sudden drop puts whale 500k in the red
The price of the new memecoin PEPE plummeted more than 42% just days after reaching an all-time high on May 6, causing at least one investor to suffer hundreds of thousands of paper losses.Jerry McNeillTerraform Labs victims are best served by extradition of Do Kwon to South Korea, prosecutors say
South Korean authorities are seeking the extradition of Terraform Labs co-founder and former CEO Do Kwon. Prosecutors overseeing the investigation believe his deportation would best benefit victims of the TerraUSD (USTC) and LUNA token debacle, The Wall Street Journal reported.Craig GreenTencent-backed Everledger collapses due to lack of funding:
Australian blockchain firm Everledger has reportedly entered bankruptcy proceedings after failing to raise new funding from undisclosed investors.James DeanChina developing AI without US chips
The race to develop artificial intelligence (AI) continues as China pushes for indigenous artificial intelligence without using the latest US technology due to current sanctions.Craig GreenTim Cook says Apple will build AI into products as researchers work on tackling bias
During the Q&A portion of a recent earnings call, CEO Tim Cook gave a rare glimpse of Apple when asked about his thoughts on generative artificial intelligence (AI) and where he "thinks it's going." walled garden.Wayne IngramArgentina's Central Bank Stops Using Cryptocurrencies in Payment Apps
On May 4, Argentina's central bank banned payment providers from offering crypto transactions, claiming that it intends to reduce the country's payment system's exposure to digital assets.Jerry McNeillSEC Awards Record $279 Million Whistleblower Award
The US Securities and Exchange Commission (SEC) awarded the largest whistleblower award ever, totaling $279 million.Sherry CantwellSouth Korean lawmakers allegedly cashed in on cryptocurrency legislation
South Korean lawmakers allegedly cashed in on cryptocurrency legislationCraig GreenBinance Stops Bitcoin Withdrawals for Second Time in 12 Hours
Cryptocurrency Exchange Binance Stops Bitcoin, Second withdrawal on May 8, citing a large backlog of pending withdrawals. Binance tweeted on May 8 that it had “temporarily” shut down BTC withdrawals due to “a large number of pending transactions.”Hallie GillDeloitte integrates blockchain for digital certificates
Big Four accounting firm Deloitte has integrated blockchain technology to allow clients to store verification credentials in a digital wallet to streamline an "often inefficient" verification process.Cornell RachelBitcoin not under attack:' BTC maxis allays DoS fears
Bitcoin suddenly soars, Transaction fees and unconfirmed transactions sparked concerns on crypto Twitter over the weekend about a potential denial-of-service (DoS) "attack" on the network.Hallie GillTrader spends $120,000 on $155,000 worth of memecoin
A trader just spent a whopping $155,000 worth of memecoin called Four (FOUR) for a staggering 64 ETH the equivalent of $118,000 in gas fees.Hallie GillAmnesty International takes down AI-generated images of Colombian protests after criticism
Human rights advocacy group Amnesty International has retracted images generated by artificial intelligence used in a campaign to promote police brutality during nationwide protests in Colombia in 2021.Sherry Cantwell
