The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation. Source: https://cointelegraph.com/app/public/index.php/news/chamber-digital-commerce-urges-congress-crypto-framework-solarium-us
OpenAI has launched the official version of its AI-powered chatbot ChatGPT on Apple’s App Store, and hints an Android version is alcoming “soon.” ChatGPT and the advances in artificial intelligence has become a point of great interest among the crypto community, some of whom have already leveraged the nascent technology to create entirely new tokens. According to a May 18…
Cuscal, the company that handles the Australian dollar on- and off-ramping for the exchange, declined to comment specifically on why it decided to pull support … Source: https://cointelegraph.com/app/public/index.php/news/binance-australia-cuscal-statement-on-debanking-exchange
FTX lawyers want to claw back $243.7 million from Embed insiders and executives, claiming its former leadership paid a “wildly inflated” price for the company. Source: https://cointelegraph.com/app/public/index.php/news/ftx-seeks-clawback-embed-acquisition
A blockchain lobbying group backed by the likes of Goldman Sachs, Citi Group, Circle, and Fidelity has urged the United States Congress to pass a legal framework for digital assets or risk falling behind other nations. On May 19, the U.S. Chamber of Digital Commerce sent a call to action to Congress and the Senate to prioritize passing a national…
Cryptocurrency trading platform Coin Cafe has been ordered to repay $4.3 million to its users after allegedly charging “exorbitant and undisclosed fees” for storing Bitcoin on the platform — leading to some accounts being drained entirely of its funds. Based in Brooklyn, Coin Cafe initially filed an application for a virtual currency license with the New York State Department of…
FTX’s leadership is looking to claw back more than $240 million from insiders and executives that benefited from FTX’s “wildly inflated” acquisition of stock-clearing platform Embed in September. Cointelegraph reported yesterday that a lawsuit was filed against former FTX CEO Sam Bankman-Fried and other top FTX insiders on May 17 concerning the Embed acquisition, which they allege was conducted without…
Coinbase today announced the launch of its subscription service, Coinbase One. In a Thursday blog post, the San Francisco-based cryptocurrency exchange said users would be able to pay a monthly bill in order to get trading fees slashed. The service will also give customers access to 24/7 customer support and lower commissions for staking, Coinbase said. It will be available…
MicroStrategy co-founder and Executive Chairman Michael Saylor said the company isn’t just aware of Ordinals, it’s interested in how the protocol that’s set Bitcoin’s community abuzz could lead to software innovation. In an interview at Bitcoin 2023 in Miami, Saylor exclusively told Decrypt that the software firm is looking at Ordinals and assessing its potential in terms of application development.…
The “third party payments provider” for Binance Australia, Cuscal hinted toward the impact of “scams and fraud” as it relates to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the firm on May 18. The payments provider did not specifically address Binance or crypto exchanges in its statement to Cointelegraph and declined to elaborate on…
