Robinhood to buy Bitstamp crypto exchange to enable institutional trading in US
Robinhood’s $200 million acquisition deal comes despite receiving a Wells notice from the SEC in May. Go to Source
Month: June 2024
Meta faces backlash in EU for AI data usage without user consent
The complaints claimed that Meta’s recent privacy policy changes would allow the company to utilize years of personal posts, private images and online tracking data for its AI technology. Go to Source
UK crypto industry publishes Travel Rule navigation guide
The Travel Rule requires crypto businesses to collect, verify and share information about digital asset transactions with another crypto company. Go to Source
Tether Invests $18.75M in XREX Group to Facilitate Launch of Gold-Backed Stablecoin
Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate USDT-based cross-border payments in emerging markets. XREX will use the … Read more
New law grants US president power to block digital asset access
A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users. Go to Source
Bitcoin bull run’s ‘most important chart’ hits new $94T all-time high
BTC price discovery is all but a given now that global liquidity is breaking into undiscovered territory, Bitcoin analysis suggests. Go to Source
Tezos Activates 16th Upgrade ‘Paris’: Boosting Throughput and Performance
Tezos, a blockchain known for its onchain governance system, has activated its 16th protocol upgrade, Paris, on mainnet on June 4th, 2024. This upgrade introduces the Data Availability Layer (DAL), which boosts Layer 2 throughput and unlocks new use cases in gaming, ticketing, and services requiring high-speed transactions. The upgrade also reduces block times to … Read more
US antitrust chief to scrutinize AI sector for monopoly risks
U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies. Go to Source
Nigeria defends Binance exec prosecution amid US lawmakers’ criticism
The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law. Go to Source
Bitcoin ETFs notch nearly $500M inflows despite nobody searching for it
U.S. Bitcoin ETFs saw inflows of over $488 million, but Google Trends data shows Bitcoin and crypto-related searches are far down from 2021 highs. Go to Source