SEC steps back from defining digital assets in new hedge fund rules
The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that...
Business
Mashinsky files motion to dismiss NY AG suit, says it ‘parrots misinformation’
Alex Mashinsky, co-founder and former CEO of bankrupt crypto lending platform Celsius Network, has filed a response to New York...
Hollywood studios reject banning AI from writer’s rooms
Artificial intelligence (AI) brings yet another industry into a hot debate over its usage as Hollywood and the greater media...
Crypto.com launches ChatGPT-based AI user assistant Amy
Artificial intelligence (AI) continues its pervasive entry into industries worldwide. The latest crypto industry adoptee is Crypto.com, which announced its...
Interest rate hike speculation triggers outflows from crypto investment products: Report
On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that...
Coinbase officers, board members face suit over alleged insider trading during listing
A Coinbase shareholder has filed a stockholder derivative complaint against some of the company’s executives and board members, claiming they...
ARK Invest spends Int’l Workers’ Day buying $8M in Coinbase shares
ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers’ Day by buying shares...
Coinbase faces suit over alleged privacy violations in biometrics collection
Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed...
Aussie crypto exchange kicks off US expansion despite ‘regulatory risk’
Australian crypto exchange Coinjar is seeking to put its boots on the ground in the United States, with its CEO...
Meta SEC filing reveals debt securities offering plans
Tech giant Meta, the parent company of Facebook, Instagram and WhatsApp, submitted a filing to the United States Securities and...
More crypto exchanges list PEPE following trading frenzy
On May 1, cryptocurrency exchange OKX announced that it would be listing memecoin Pepe (PEPE) at 17:00 Hong Kong Time...
Top Questions From FinTech Lawyer
The blockchain and crypto industry is becoming increasingly regulated. While the banking and traditional finance industry have been regulated and...
AI chatbot usage causes concern among 70% of Japanese adults
Artificial intelligence (AI) chatbots are not new, but the rapid emergence of chatbots as integrations into emerging technology and society...
SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO
The United States securities regulator has handed down nearly $4 million in fines to crypto exchange Coinme for allegedly offering...
Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing
Crypto lender Genesis and its key creditor group have agreed to a 30-day mediation process in an attempt to move...
Hong Kong regulator requires banks to open accounts for crypto firms
The Hong Kong Monetary Authority (HKMA), the region’s central banking institution and regulator, has called on banks to provide services...
Open Campus (EDU) Listing Boosts Web3 EdTech Interest
Open Campus (EDU), a recently launched BEP-20 token has become one of the most traded cryptocurrencies of the past 48...
Venmo Offers Effortless Crypto Transfers for Customers
Venmo is launching a new crypto transfer feature. In a press release, PayPal, which owns the Venmo payment app, said...
YouTube helps recover hacked channel that attempted XRP crypto scams
Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote...
46% of millennials across major economies own crypto: Bitget research
A new survey suggests that 46% of millennials across major population countries, such as the United States, China, Japan, Germany,...
FDIC pins Signature Bank’s failure on poor governance and illiquidity
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management...
Elon Musk introduces Twitter monetization avenues for content creators
Adding to the growing list of radical implementations to improve Twitter’s bottom line and promote citizen journalism, Tesla CEO Elon...
