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Machi Big Brother, a well-known NFT whale and former musician and tech entrepreneur, recently made headlines when they announced that they would be moving their Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs to the widely-used Binance cryptocurrency exchange. As a show of support for Binance
Following the filing of a new lawsuit by the United States Securities and Exchange Commission (SEC) against Binance, the overall cryptocurrency market capitalization fell 3.6% overnight, according to statistics compiled by CMC. Although the market has rebounded and is up 2.87% as per CMC. The complaint claims that Binance and
SEC Chair Gary Gensler expressed his view that the United States does not require additional digital currency. This statement came alongside the SEC’s legal actions against Binance and Coinbase for allegedly operating unregistered securities exchanges. During an interview with CNBC, Gensler refuted allegations that his approach was creating ambiguity regarding
Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May
Cboe Global Markets was granted permission to provide margin Bitcoin and Ether futures contracts to its cryptocurrency customers on Monday, June 5. When it comes to Bitcoin futures contracts, Cboe was an early adopter. To provide both physically settled and financially settled margined products beginning in the second part of
According to data compiled by CryptoRank Platform, the combined TVL of all blockchains experienced a slight decline in May 2023. This trend suggests a slow rate of capital infusion into DeFi projects compared to previous months. TVL Performance on Multiple Networks in May The combined total value locked (TVL) of
Additional initiatives to increase the openness of AI technologies like OpenAI’s ChatGPT have been explored by European Union officials. Companies using generative AI technologies that have the “potential to generate disinformation” should mark their material. Vera Jourova, vice president for values and transparency at the European Commission, told the media
Binance, the major cryptocurrency exchange, and its CEO, Changpeng Zhao have received nearly 13 case files from the United States Securities and Exchange Commission (U.S. SEC) so far. Meanwhile, on Monday, a case complaint was raised in US Federal Court against Binance. The case file includes the unregistered security exchanges
It seems that Jack Dorsey, co-founder of Twitter and current CEO of fintech startup Block, has backed Robert Kennedy Jr., a Democrat presidential contender who supports Bitcoin. On Sunday, he posted a video of an interview he had with Robert F. Kennedy, Jr., conducted by Fox News’ Harris Faulkner, with
In order to settle interbank dollar transactions, American multinational financial behemoth JPMorgan Chase & Co. has teamed with six Indian banks to build a blockchain-based platform. The move is part of the Indian government’s strategy to elevate GIFT City, the Gujarat International Finance Tec-City, to a level where it can
