The FTX Exchange’s investment in the artificial intelligence (AI) startup Anthropic has been dissolved as of June 1. The most recent bankruptcy filing by Anthropic indicates that the FTX Estate, headed by John Ray III, has sold off its remaining interest in the company. Around 15 billion Anthropic shares, valued
Crypto exchange Binance’s founder Changpeng Zhao (CZ) has reported to a federal prison in Lompoc, California, to start serving his term. The information was confirmed with his legal staff at Latham & Watkins, according to a CNBC report. After his sentencing, Zhao discussed his intentions after jail, indicating that he
Bybit, a prominent cryptocurrency exchange, has announced key leadership changes in the wake of the Notcoin (NOT) launch’s problems. The organization is now recruiting new technical and spot managers in an effort to stabilize operations after the resignation of many executives. A contentious listing of NOT caused an unfair allocation
Robinhood revealed that its crypto trading API is now available to consumers in the US. The investment app broke the news on May 30 that it was trying to use an API to reach out to experienced cryptocurrency traders. Users in the United States may programmatically trade cryptocurrencies using the
Local virtual asset trading platforms (VATPs) that have not yet completed their regulatory applications after a June 1 licensing deadline will be subject to “on-site inspections” according to the Hong Kong Securities and Futures Commission (SFC). On May 28, the SFC reminded cryptocurrency enterprises that they need to get a
The ‘Forever Worldwide: The Road to Saudi Arabia’ NFT collection, a collaboration between Cristiano Ronaldo and Binance, was unveiled today. The new NFTs offer fans novel experiences and spectacular real-life rewards, representing Cristiano Ronaldo’s journey from modest beginnings in Madeira to becoming a worldwide football legend. The ‘Forever Worldwide: The
DeFi has had a significant capital inflow in 2024, resulting in a 75.1% increase in TVL year-to-date (YTD) to US$94.9B from US$54.2B at the beginning of the year. Nearly all DeFi sectors have benefited from this increase, including big and specialized markets. As a result, differentiated markets have emerged, enabling
Crypto exchange Kucoin delisted the dormant stablecoin of Acala Network — aUSD — and has initiated the launch of an “acquirement plan” to compensate token holders’ loss. Previously, in August 2022, the Acala incident — an erroneous minting of 3 billion aUSD tokens in its liquidity pool — occurred. Following
Crypto exchange Gate.HK, a Hong Kong subsidiary of Gate.io, is ceasing operations and has withdrawn its application for a license to operate a crypto trading platform in the region. On Wednesday, the business announced plans to do a “major overhaul” of its present platform and asked consumers to remove their
An appeal was successful by crypto exchange Binance’s subsidiary Binance US, against the Emergency Suspension Order (ESO) issued by the state regulator of Florida, according to a decision handed down by the Florida First District Court of Appeal on Wednesday. Changpeng Zhao and Binance Holdings’ plea agreements for failing to
