A federal judge has approved a joint request from lawyers for Alex Mashinsky and the United States Department of Justice modifying the former Celsius CEO’s bail conditions to include electronic monitoring. In an Aug. 8 filing in U.S. District Court for the Southern District of New York, Judge Gabriel Gorenstein signed off on a modification to Mashinsky’s $40-million bond ensured…
August 10, 2023 | Asset Listings, Product We’re thrilled to announce that funding for Sei (SEI) is now available on Kraken! SEI will start trading on Kraken on Aug. 15. Funding your account Add SEI to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Only deposit SEI on the Sei network. Deposits using other networks…
Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the United States dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal. The authors, Brian Brooks and Charles Calomiris, urged Congress to implement a “sound and stable regulatory framework” for stablecoins in the country. Brooks…
For many, the crypto industry feels as though it’s hovering on the brink. It attracts high-profile attention and headlines; yet widespread public interest and adoption haven’t yet followed. There may be a variety of factors giving the public pause, ranging from stories of misconduct by bad actors to simply a lack of understanding of the industry’s technology, philosophy and potential.…
The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems. A tense relationship is developing between the two world powers, as the Biden Administration announced it would limit Chinese tech investments in semiconductors, quantum computing and AI. This move subsequently sparked concerns from…
Bitcoin looks set to benefit little from the latest CPI figures, analysts warn, with fresh BTC price losses firmly on the cards. Source: https://cointelegraph.com/public/index.php/news/bitcoin-29-5-k-cpi-odds-us-inflation
The Bank for International Settlements (BIS) has recently announced a cross-border payments interoperability and extension (PIE) task force which includes the blockchain-based digital payment network, Ripple. On Aug. 9, BIS announced the members of the PIE task force that will work to “enhance cross-border payments and meet the quantitative targets for cross-border payments endorsed by the G20.” The task force…
FTX debtors led by chief restructuring officer John J. Ray III have expressed disapproval of traders and market makers within the Official Committee of Unsecured Creditors (UCC) who are aiming to gain authority over assets. They believe the UCC’s plan to invest nearly $2.6 billion in cash reserves in short-term Treasuries is a bad idea amid FTX 2.0 draft restructuring…
Apple wants to put an AI in your pocket Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers Conference in June. Reports emerged…
Cryptocurrency prices held steady on Thursday despite a widely-watched inflation gauge that showed a resurgence in inflation. The Consumer Price Index (CPI) rose 3.2% in the 12 months through July, the Bureau of Labor Statistics (BLS) said on Wednesday, coming in slightly lower than economists’ expectations. The uptick comes after inflation slowed to 3% annually in June. On a month-to-month…
