Inflection AI, a Palo Alto-based company, announced on June 29 that it has successfully raised $1.3 billion in a funding round led by prominent investors such as Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and Nvidia.
Blockchain technology and cryptocurrencies are making a significant impact in Africa by addressing real-world problems such as hyperinflation and corruption, according to industry executives.
Redemptions from the Federal Reserve's Bank Term Financing Program (BTFP), an emergency lending program for struggling banks, have reached the highest level since its inception three months ago.
The wait for spot Bitcoin exchange-traded funds (ETFs) in the United States may be extended as the Securities and Exchange Commission (SEC) found the recent filing by an investment manager to be insufficient.
Delio, a South Korean cryptocurrency lending firm, is facing an investigation by the country's Financial Services Commission (FSC) for allegations of fraud,
Yat Siu, the CEO of Animoca Brands, has observed that the global cryptocurrency space is experiencing uneven growth, with Web3 startups thriving in the Middle East and Asia, while North American entrepreneurs face challenges due to macroeconomic and regulatory conditions.
The planned sale of FTX's $500 million stake in AI startup Anthropic has been halted, potentially complicating the cryptocurrency exchange's efforts to address its remaining $2 billion balance sheet deficit.
FTX, a cryptocurrency exchange, has taken legal action against its former head of regulation and compliance, Daniel Friedberg, accusing him of making payments to silence employees who might report issues within the company.
Voyager Digital, a bankrupt cryptocurrency brokerage, has been ordered to pay $1.1 million to its legal counsel, Kirkland & Ellis, for fees and expenses associated with the company's bankruptcy proceedings in April.
Paxos, a blockchain fintech company, has partnered with MercadoLibre, an online marketplace, to bring the Pax Dollar (USDP) stablecoin to Mexico through the MercadoPago payment service.
According to a report by TRM Labs, cryptocurrency pyramid and Ponzi schemes worldwide are estimated to result in a total payout of $7.8 billion in 2022.
The Terra Classic (LUNC) ecosystem recently witnessed a series of significant developments. Following a joint governance proposal for liquid collateralized derivatives
Token issuers in Japan are no longer obligated to pay corporate tax on unrealized gains from cryptocurrencies, following a revision to the law by the National Tax Agency on June 20.
The Financial Action Task Force (FATF) has reiterated its call for countries to enforce the "travel rule" as a means to combat money laundering and terrorism financing associated with cryptocurrencies.
The Australian government has introduced a draft bill that threatens significant fines for tech and social media giants if they fail to remove misinformation from their platforms.
The Australian Treasury's approach to defining crypto assets in its digital asset token mapping will be "technology agnostic" and "principles-based," according to a Treasury official.
