[ad_1] SEC Chair Gary Gensler once offered to serve as an advisor to Binance in 2019, according to lawyers representing Binance and founder Changpeng Zhao, CNBC reports. In documents filed by the SEC on June 7, attorneys from Gibson & Dunn and Latham & Watkins allege that Gensler offered to serve as an advisor to the exchange in several conversations with Binance executives, including Zhao in March 2019.Gensler was nominated by U.S.
[ad_1] Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols.Cumberland Labs told Cointelegraph that the Cumberland, the trading unit of DRW Holdings LCC used to invest considerable time connecting to various protocols manually, and one at a time.The firm couldn't find a tool to
[ad_1] Fintech giant Intuit, whose product offerings include TurboTax, Mint, Credit Karma, MailChimp, and QuickBooks, recently expanded its software services platform to include GenOS, an operating system for generative AI technologies. According to Intuit, the new operating system will come with a suite of tools, including a developer studio, UX library, runtime layer, and several pre-trained large language models (LLMs). We’re expanding our platform architecture to include a proprietary Generative AI
[ad_1] Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.An MPI license allows Circle to offer digital payment token services and domestic and cross-border money transfer services, according to a statement released by the fintech firm, which is the
[ad_1] On June 7, multiple coins and tokens listed on Binance.US, the U.S. subsidiary of cryptocurrency exchange Binance, began deviating from their fair value to trade at premiums. Coins such as Bitcoin (BTC) and Ether (ETH) were priced at $27,445 and $1,911, respectively, compared to CoinMarketCap averages of $26,490 and $1,850.Meanwhile, stablecoin tokens such as Tether (USDT) and USD Coin (USDC) broke their par value to trade at $1.03 and
[ad_1] Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment. [ad_2] Source link
[ad_1] In this week’s newsletter, read about GameStop’s nonfungible token (NFT) platform partnership with game company Illuvium, and check out how NFTs can store digital assets, and how blue-chip NFT collaterals are being used in NFT lending. In other news, Nike’s NFTs are coming to EA Sports games, and don’t forget this week’s Nifty News, featuring upcoming blockchain games from Epic Games.GameStop NFT back in the spotlight after partnership with
[ad_1] The metaverse continues to expand, with industry giants and upcoming players racing to seize a slice of the potentially trillion-dollar pie. Close to $2 billion was invested in blockchain-based metaverse deals in 2022, according to Cointelegraph Research’s VC database. A 2022 report by McKinsey estimated the metaverse industry to potentially generate up to $5 trillion in revenue by 2030, an estimate overtaken by Citi's forecast of $8 to $13 trillion.
[ad_1] The United States District Court in Washington, D.C. has issued a summons for Binance CEO Changpeng Zhao on June 7, just two days after the Securities and Exchange Commission (SEC) formally sued the exchange for alleged unregistered securities operations. "A lawsuit has been filed against you," the summons read.While details are scarce at this time, the summons viewed by Cointelegraph did not appear to have been marked as served, and
[ad_1] Former Binance.US CEO Catherine Coley, who is transparently known as “BAM CEO A” in the suit against Binance filed by the United States Securities and Exchange Commission (SEC) on June 5, has kept a low profile since her departure. However, she provided testimony to the SEC in 2022 when it was investigating the company for insider trading. That testimony has resurfaced as an exhibit in the SEC’s new case against
