The United States and Vietnam formed business deals and partnerships worth billions of dollars to advance cooperation in artificial intelligence (AI) technologies and others, according to remarks from a joint press conference on Sept. 11. U.S. President Joe Biden said the move is a formal “upgrading” of the relationship between the two countries and highlights critical sectors, including cloud computing,…
Coinbase CEO Brian Armstrong believes “flatcoins” are the next iteration of stablecoins. “It’s a new thing on the horizon,” Armstrong said in a recent interview discussing the future direction of the exchange. “There’s a couple teams working on it. We’re not building something in that realm yet, but we’re interested in it,” he added. Flatcoins, a term first mentioned on…
Alex Mashinsky, the founder and former CEO of bankrupt crypto lending company Celsius, is seeking to have the Federal Trade Commission (FTC) drop its case against him “in its entirety.” In a court filing Monday, Mashinsky’s lawyers contended that the allegations do not support a claim that he knowingly made misstatements to fraudulently obtain customer information from a financial institution.…
Bitcoin’s spirit animal is the honey badger. Bitcoin evangelist turned Bitcoin Cash promoter Roger Ver first popularized the meme in 2013 when he paid $1,500 a month for a billboard in California to display “Bitcoin is the Honey Badger of Money.” Since then, the honey badger has been an elusive beast, occasionally appearing in memes and tweets as well as…
Adding to its crypto product suite, payment service PayPal has launched a new off-ramp service to convert crypto tokens to USD directly from wallets into PayPal accounts. The payments giant announced on Monday that its new “Off Ramp” service is “live on MetaMask today” for U.S. users and is available to “wallets, dApps and NFT marketplaces.” In its press release…
Crypto exchange Bitget has grown significantly despite the challenges brought by the bear market. In 2023, the exchange announced two $100 million funds—one dedicated to crypto projects in Asia and another for maximizing the company’s long-term impact in the crypto space. At the Bitget EmpowerX Summit held in Singapore, Cointelegraph’s Zhiyuan Sun spoke with Gracy Chen, the managing director of…
Vitalik Buterin has shared details of how hackers managed to take over his Twitter account and steal $691,000 from his followers last week. In a post on decentralized social network Farcaster, the Ethereum co-founder told followers that hackers had used a SIM swap attack to spoof Twitter into resetting his Twitter password, giving them access to his account and his…
Binance.US has responded to the motion to compel and reply by the United States Securities and Exchange Commission (SEC), calling most of the SEC’s requests “unreasonable” and “unduly burdensome.” Attorneys of BAM Trading Services, which operates Binance.US cryptocurrency exchange, on Sept. 12 filed sealed documents for opposition to the U.S. SEC seeking additional details from Binance.US. The defendants argued that…
CNA Financial, the seventh-largest commercial insurer in the United States, has excluded nonfungible tokens (NFTs) coverage from Schwab Strategic Trust’s policy worth $20 million. In a filing submitted to the US Securities and Exchange Commission (SEC), the insurer attached an exclusion to the document, mentioning that the bond does not cover any “loss, damage, claim, occurrence, or suit related to…
Bitcoin shorts start to suffer thanks to a $1,000 BTC price relief rally, but key resistance remains in place. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-price-must-take-26k-says-trader-after-textbook-short-squeeze
