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Bitcoin Financial Services Firm Unchained Capital Raises $60M
18.4.2023
The Series B fundraise comes about five months after the company cut 15% of its staff amid the pressures of crypto winter
Congressional Republicans Criticize SEC Chair Gary Gensler's Crypto Approach Ahead of Hearing
18.4.2023
Republicans on the House Financial Services Committee sent a letter criticizing Securities and Exchange Commission Chair Gary Gensler and his repeated entreaties to crypto companies to "come in and register" moments before a congressional hearing on his agency
Unchained raises $60M to offer collaborative custody Bitcoin services
18.4.2023
Texas-based Unchained Capital hopes to undermine single points of failure and mitigate counterparty risk with its substantial $60 million raise, led by Valor Equity Partners
Video of SEC chair praising Algorand resurfaces after recently deeming it a security
18.4.2023
Members of the crypto community have called out the SEC Chairman for “shilling” Algorand
SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules
17.4.2023
The U.S. Securities and Exchange Commission's (SEC) warning shot last week that decentralized finance (DeFi) could be thrown into its expanding definition of what makes a securities exchange is the latest move to formalize what Chairman Gary Gensler has been saying: Crypto belongs in the securities...
Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape
17.4.2023
Two major P2P platforms announced their closure in the first quarter of 2023. Many blame it on growing regulatory scrutiny, but experts call for better alternatives
The need for real, viable data in AI
17.4.2023
While still in its infancy, blockchain is particularly promising in validating data. Verifying data through blockchain networks can ensure that AI is computing accurate data to produce accurate products and results
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
15.4.2023
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide...
Onramp Launches First Spot Bitcoin Trust With Multi-Party Custody
14.4.2023
The company, based in Austin, Texas, says the new offering is the first bitcoin trust that takes advantage of Bitcoin’s multi-signature capability
Twitter Users to Trade Crypto Through Etoro
14.4.2023
Social trading company Etoro has partnered with Twitter to will allow users of the microblogging platform to invest in cryptocurrencies and other assets. The move is viewed as a step towards turning the social media into a “super app,” a mission under Musk, providing financial and a range of other...
Financial Services chair McHenry send SEC second request for records related to SBF arrest
13.4.2023
Sam Bankman-Fried was arrested just before his committee appearance was scheduled
London Stock Exchange may provide clearing services for BTC derivatives starting in Q4
13.4.2023
LCH SA will team up with the FCA-regulated GFO-X trading venue to create a centrally cleared, regulated trading environment
Universal Music Group tells streaming services to block AI-generated music
13.4.2023
Amid the current influx of AI-generated content, Universal Music Group told music streaming platforms like Spotify and Apple Music to block any AI-generated music
SEC argues recent court case weakens Ripple Labs’ ‘fair notice’ defense
13.4.2023
The SEC filed a letter to further support its motion for summary judgment against Ripple Labs, citing a separate court case it had recently won
Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada
12.4.2023
Paxos, whose businesses include crypto brokerage and stablecoin issuance, is exiting the Canadian market, effective June 2, according to a posting on its website
Chinese authorities to enforce security reviews for AI services
11.4.2023
China intends to introduce a new security review mandate for all generative AI services prior to operation as new chatbots like ChatGPT continue to surface
Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy
11.4.2023
Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will...
‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network
9.4.2023
The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward...
Decentralized exchange dYdX announces 'winding down' of services for Canadian users
7.4.2023
“We hope that the regulatory climate in Canada will change over time to allow us to resume services in the country," said the exchange
Rendering Videos – a Fast, Reliable and Low Cost Service From GAIMIN
7.4.2023
GAIMIN has launched video rendering into the services provided by gaimin.cloud, GAIMIN’s decentralised, distributed data processing network. GAIMIN’s video rendering service is a lower cost service providing a faster turnaround time whilst spreading the data processing energy consumption footprint...