Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business. In a June 12 filing, Binance.US slammed the SEC’s emergency motion for a temporary restraining order on its business, calling it “draconian and unduly burdensome.” The hearing on…
The 2018-era Gensler appeared much more lenient towards certain cryptocurrencies, including Ether. Source: https://cointelegraph.com/public/index.php/news/sec-gary-gensler-in-2018-video-says-btc-eth-not-securities
A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.” On June 12 multiple Twitter accounts shared the video which is understood to come from a 2018 event hosted by Bloomberg for institutional investors. “Over 70% of the crypto market…
Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Northern district court in California, arguing that it would significantly speed up legal proceedings. The lawsuit was initially filed on May 9 by Taewoo Kim, individually and on behalf of others impacted by the collapse of the…
Illicit funds gained from the $35 million Atomic Wallet hack are on the move again, with sanctioned Russian-based crypto exchange Garantex reportedly becoming the latest to come in contact with the hacked crypto. On June 13, blockchain security and compliance firm Elliptic updated the situation regarding the stolen Atomic Wallet funds. It alleges that the North Korean hacking collective, the…
The United Nations has called artificial intelligence-generated media a “serious and urgent” threat to information integrity, particularly on social media. In a June 12 report, the UN claimed the risk of disinformation online has “intensified” due to “rapid advancements in technology, such as generative artificial intelligence” and singled out deepfakes in particular. The UN said false information and hate speech…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG In April, the second-ever Metaverse Fashion Week saw attendance plummet by a dramatic 92%, amid souring public perception of immersive virtual realms and an enduring crypto bear market. In just the last week, however, the staying power of immersive Web3 experiences has been bolstered by a series of announcements…
Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don’t. Gün Sirer’s comments in defense of what he describes as a “revolutionary technology” is part of a testimony that he is scheduled to give to the U.S. House Financial Services Committee…
A week after the US Securities and Exchange Commission filed charges against Binance, the largest cryptocurrency exchange by volume filed several motions in the US District Court for the District of Columbia on Monday in opposition to the lawsuit. “The SEC’s request for a temporary restraining order should be denied for several reasons, but the most important is this: there…
The Prime Minister wants early access to OpenAI and Google’s new LLMs “for safety purposes.” Source: https://decrypt.co/144318/richi-sunaks-100-million-plan-to-make-the-uk-an-ai-hub
