Markets
Massive supply chain attack targeting a handful of crypto firms
Cybersecurity firm Kaspersky reported that the supply chain attack installed backdoors in computers around the world, but deployed them on fewer than 10 computers. It added that the deployment showed particular interest in cryptocurrency companies.James DeanChatGPT and AI must pay for the news it consumes
Creators of artificial intelligence (AI)-driven apps should pay for news and content used to improve their products, the chief executive of News Corp Australia has said.James DeanBitKeep Wallet hits 10 million users, boosted by successful Arbitrum airdrop
BitKeep Wallet, a decentralized multi-chain digital wallet solution, has announced that it has surpassed 10 million users as of April.Barry StidhamBakkt Completes Acquisition of Apex Crypto for $200 Million
Bakkt announced on April 3 that it has completed the acquisition of blockchain technology platform Apex Crypto LLC.Jerry McNeillKuCoin Wallet is spun off from KuCoin Exchange and renamed to Halo Wallet
On April 3, KuCoin Wallet, a decentralized wallet, announced that it was renamed Halo Wallet and launched a new SocialFi ecosystem.Hallie Gill2 Reasons Why Bitcoin Ordinal Numbers Are “Positive” To BTC
Serial numbers also known by some as bitcoin NFTs could reignite developer enthusiasm for bitcoin and boost mining fees, according to cryptocurrency investment firm Grayscale.Martha GrizzardBlur Launches NFT Perpetual Lending Protocol
On May 1, non-fungible token (NFT) marketplace Blur launched Blend, a peer-to-peer perpetual lending protocol that supports NFT collateral.Cornell RachelTexas scientists develop a GPT-like AI system that can read minds
Researchers at The University of Texas at Austin have developed an artificial intelligence (AI) system capable of interpreting and reconstructing human thought.Christopher SmithDragonfly Invests $10M in Bitget as Industry Recovers
Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget, the San Francisco-based venture capital firm announced April 4.Christopher SmithBinance's Market Share Drops as CFTC Lawsuit and Free Trading Suspension
Cryptocurrency exchange Binance's dominance in volume market share has slipped over the past two weeks following a lawsuit by U.S. commodity regulators and a decision to halt some zero-fee trading.James DeanCoinbase faces lawsuit over alleged privacy violations in biometric collection
A proposed class-action lawsuit charges that Coinbase violated Illinois' biometric privacy law by collecting and storing customers' fingerprints and facial templates.Jerry McNeillState Regulators Crack Down on Fraudulent Cryptocurrency Promoted as 'Elon Musk AI Token' and 'TruthGPT Token'
The Texas Securities Commission joined several state regulators in issuing a cease and desist order against Horatiu Charlie Caragaceanu and his organizations The Shark of Wall Street and Hedge4.ai for promoting two cryptocurrencies called TruthGPT Coin and Elon Musk AI Token.Martha GrizzardHong Kong Regulator Asks Banks to Open Accounts for Crypto Firms
The region's central banking body and regulator, the Hong Kong Monetary Authority (HKMA), has called on banks to provide services to cryptocurrency companies.Hallie GillMastercard launches Web3 user verification solution to deter bad actors
Global financial services giant Mastercard has launched a new Web3 solution aimed at improving user authentication standards and “reducing opportunities for bad actors in the digital asset space.”James DeanSEC Grants BlockFi Temporary Reprieve, Waiving $30M Penalty Pending Creditor Payment
The US Securities and Exchange Commission (SEC) has agreed to postpone the payment of a $30 million fine imposed on bankrupt cryptocurrency lender BlockFi until creditors have been repaid.Jerry McNeillFTX Gears Up for Expensive Bankruptcy: Unveiling the Strategic Reasoning
The lawyers and restructuring team of bankrupt cryptocurrency exchange FTX have accumulated over $200 million in fees in just over seven months. However, independent auditors believe these fees are justified considering the complexity of the task at hand.Cornell RachelCryptopay EU Loses License, but Card Funds Secure, Assures the Firm
Cryptopay's EU debit card provider has had its Electronic Money Institution (EMI) license revoked, as stated in an email sent to customers on June 22. The company advises EU cardholders to promptly spend or transfer funds from their cards.Sherry CantwellShiba Inu Twitter Account Goes Up in Flames as Suspension Hits
Shibburn, a Twitter account closely associated with the cryptocurrency community, known for tracking and sharing updates about the burn rate of Shiba Inu (SHIB) tokens,Christopher SmithRobinhood Acquires Credit Card Fintech X1 in $95 Million Deal
Robinhood, the popular cryptocurrency and stock trading app, has acquired credit card startup X1 for $95 million, signaling its intent to diversify its range of services.Hallie GillGemini Pioneers Ethereum Staking in the UK, Unleashing Boundless Opportunities
Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winklevoss, is aggressively expanding its services globally and has launched its first Ethereum staking service in the UK.Christopher Smith
