Read CoinChapter.com on Google News Key Takeaways: BNB risks losing another 25% by the month’s end. The bearish expectations intensify, given the SEC’s new lawsuit against Binance. CZ also faced allegations from CFTC, another regulatory watchdog. YEREVAN (CoinChapter.com) – BNB, the native token of the world’s largest crypto exchange, Binance, dropped 7% on June 5 […]
SEC Quietly Removes Director William Hinman’s Bio From Website
Hinman worked at the commission from May 2017 through December 2020. That’s it. That’s the whole bio after the SEC updated the page.
EU Officials Explore Initiatives To Increase Openness of AI Technologies
Some of the biggest names in IT have already committed to the EU’s Code of Practice. Businesses will need to report on updated AI safety measures by July of this year. Additional initiatives to increase the openness of AI technologies like OpenAI’s ChatGPT have been explored by European Union officials. Companies using generative AI technologies […]
Ethereum Gas Fees Drops In June As MemeCoin Frenzy Cools Down
Key Takeaways: Average gas fees on Ethereum declined substantially in June ETH price continued its bear run that began on June 3 Ethereum cryptocurrency, blockchain technology decentralized currency coin, conceptual image with selective focus Read CoinChapter.com on Google News NEW DELHI (CoinChapter.com) — Average gas fee on the Ethereum network saw a steady decline in June […]
Tether Joins $1 Billion Bitcoin Mining Initiative in El Salvador
An El Salvador-based Bitcoin firm has begun the first phase of a planned $1 billion investment into sustainably powered digital asset mining in the country. The investment includes backing from Tether – the world’s largest stablecoin provider – which revealed last month that it was breaking into mining in Uruguay. The firm behind the project, […]
Binance US Faces SEC Lawsuit: Crypto Giant Caught In Regulatory Storm
In a surprising update, the United States Securities and Exchange Commission (SEC) has accused Binance, a popular cryptocurrency exchange, and its affiliated companies of facilitating trading for several tokens that are considered securities. The tokens mentioned in the SEC’s report include BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. Additionally, the exchange […]
RBA evaluates regulatory framework for stablecoins and CBDCs
The Reserve Bank of Australia recently released a report discussing the potential of stablecoins and CBDCs, highlighting the importance of regulatory mechanisms for digital assets.
Bitcoin Ordinals Releases Upgrade to Address ‘Cursed Inscriptions’ Problem
The Bitcoin Ordinals protocol developers have introduced a new upgrade to rectify over 71,000 invalid inscriptions previously untradeable. These inscriptions often result from incorrect usage and were rendered useless and untradeable until now. However, with this recent development, developers have taken the first step toward addressing this long-standing problem. Developers Unleased the New Ordinals Protocol […]
FBI Warns of AI Deepfake Extortion Scams
The agency says criminals are turning photos and videos into explicit content to extort victims.
Do Kwon out on bail under house arrest after successful appeal
Terra LUNA co-founder Do Kwon successfully appealed against the prosecution’s request to keep him in custody, and is out on bail as of June 5. The Podriga Basic court overseeing the case granted the bail request and accepted the initial amount of $400,000. The high court had previously annulled the bail on May 18 after […]