AI startup by ex-Meta and Google researchers raises $113M in seed funding
A new artificial intelligence (AI) startup and rival to ChatGPT creator, OpenAI, raised $113 million in seed funding, bringing its...
Business
SEC and Binance.US to negotiate deal avoiding total asset freeze
Binance.US and the United States Securities and Exchange Commission have agreed to work on an arrangement that will allow the...
SBF seeks to sever new charges from trial, says proceedings may take ‘years’
Attorneys for former FTX CEO Sam Bankman-Fried (also known as “SBF”) are seeking to sever or dismiss six charges from his...
Crypto Marketers Could Face 2 Years in Jail Under UK Regulation
The United Kingdom has eased the path for crypto marketing assets with its new regulatory framework in a significant shift....
SEC lawsuit sheds light on Coinbase’s management
The lawsuit brought by the United States Securities and Exchange Commission (SEC) against Coinbase Global on June 6 is raising...
Jump Trading seeks to move Terra class-action lawsuit to California
Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class-action lawsuit against the firm moved from Illinois...
‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds
Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets, claiming that the...
eToro halts ALGO, MANA, MATIC and DASH purchases for US customers
Retail trading platform eToro has halted purchases of Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) for customers in...
Crypto fund outflows reach $417M over 8 weeks as investor caution persists
On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products...
Bank of China issues $28M in digital structured notes on Ethereum blockchain
On June 12, Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese yuan ($28 million)...
Binance may have lied to US lawmakers, argue senators: Report
Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in...
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to...
‘Near impossible to know’ what is and isn’t a security: Mark Cuban on SEC
Billionaire investor Mark Cuban has become one of the latest industry figures to call out the United States securities regulator...
Coinbase CEO’s stock sale was probably not planned to occur a day ahead of SEC suit
Coinbase CEO and co-founder Brian Armstrong sold company shares the day before the United States Securities and Exchange Commission (SEC)...
What is Robinhood, and how does it work
Robinhood’s innovative trading model has opened new opportunities for beginner investors and traders. Here’s what it is and how it...
Mt. Gox Suspects Charged: Russian Nationals Indicted by DOJ
Key Takeaways The U.S. DOJ has charged two Russian nationals for their connection to the Mt. Gox hack of 2011....
Avorak AI Explores Cardano Interoperability For Trading Platform
The world of blockchain technology continues to evolve, with new platforms and applications emerging regularly. As these platforms develop, the...
Moody’s downgrades Coinbase, citing ‘uncertain magnitude’ of SEC charges
Credit ratings agency Moody’s has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against...
FTX argues that releasing ‘valuable’ customer list will harm its sale value
The list of around nine million FTX customers is “extraordinarily valuable” and could harm the crypto exchange’s sale value if...
Latam crypto holders flock to Bitget following Binance, Coinbase suits
Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against...
TrueUSD stops minting via Prime Trust, loses dollar peg
Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting...
‘Already explored’ — Apple Vision Pro fails to impress Mark Zuckerberg
As Meta struggles to lead the way in virtual and augmented reality, Apple’s recent entry into the market has generated...
