The United States Securities and Exchange Commission filed an emergency motion in the District of Columbia U.S. District Court for a temporary restraining order against Binance, Binance.US and CEO Changpeng Zhao (CZ) on June 6 requesting eight actions. The first requested actions are the freezing of the assets of Binance.US and repatriation of fiat and cryptocurrency held by U.S. customers or for…
ChatGPT is a free chatbot launched by artificial intelligence (AI) technology company OpenAI in November 2022. Almost immediately, ChatGPT gained viral prominence. It inspired users to find a multitude of ways to utilize the chatbot service, with some using it to write recipes, fight off parking tickets, and even cheat at school. We take a closer look at ChatGPT’s seemingly…
Cryptocurrency exchange Coinbase has been issued a Show Cause Order by the Alabama Securities and Exchange Commission (ASC) along with ten other states, early Tuesday morning. A multi-state task force that includes California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, Wisconsin along with Alabama have filed charges against the company for violating securities laws. The SEC announced a…
Coinbase CEO Brian Armstrong has responded publicly to the United States Securities and Exchange Commission (SEC) lawsuit against his company, stating in a Twitter post that the team is “confident in our facts and the law” and that it welcomes the chance “to finally get some clarity around crypto rules” in court. Regarding the SEC complaint against us today, we’re…
There’s still reason for hope for institutional investors who want more exposure to crypto—even as regulators continuing to clamp down the industry, most recently with the U.S. Securities and Exchange Commission (SEC) suing both Binance and Coinbase within 24 hours and sending prices crashing. According to Dan Weiskopf and Mike Venuto, portfolio managers at Amplify ETF, the near term growth…
Google Cloud recently launched a suite of free online educational courses designed to teach the fundamentals of generative AI systems as well as provide an introduction to the Generative AI Studio development environment. Learn more about #generativeAI at no cost! This Google Cloud Skills Boost learning path will teach you the foundational knowledge to understand Generative AI and Google Cloud’s…
On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout. Glassnode’s analysis of Uniswap and futures trading volumes reveals that the uptrend that began in the first quarter of 2023 began cooling off…
Shortly after the U.S. Securities and Exchange Commission filed its lawsuit against Coinbase on Tuesday, SEC Chairman Gary Gensler said that the crypto industry’s entire business model is “built on non-compliance.” In a damning CNBC interview, top American securities regulator said: “We don’t need more digital currency.” He then said that crypto exchanges are “commingling a number of functions” which…
On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it tokenized $100 million worth of Alpha Bonds using the ERC-3643 token standard. The bond, tokenized on the Polygon (MATIC) network, will be lent to small and medium-sized enterprises using real-world assets, such as receivables, as collateral. Defactor Labs partnered with law firm CMS to provide legal guidelines…
If there were ever such a thing as an all-star lineup of regulators, the United States House of Representatives Agricultural Committee’s June 6 hearing on digital asset regulation would probably hold the record. The current chair of the Commodity Futures Trading Commission (CFTC) Rostin Behnam was joined by a former chair and a former acting chair of that agency, as…
