Gemini, Genesis file to dismiss SEC lawsuit against Earn product
Gemini said the SEC’s lawsuit against its “Earn” product — which offered yields to customers…
Day: 27 May 2023
MakerDAO proposal seeks to hike DAI savings rate to 3.33%
The DAI savings rate was increased to 1% in December 2022, leading to 35 million…
Visa, Microsoft and others join Brazilian CBDC pilot
Both national and global companies will participate in the upcoming pilot project of the Brazilian…
JPMorgan Chase enters generative AI race with IndexGPT trademark
JPMorgan’s ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting…
Bitcoin reaches ‘decision point’ — 4 BTC price metrics to watch
Bitcoin bulls are sitting on their hands but need to combat short-term sellers rapidly losing…
Chinese city releases policy draft for metaverse industry development
The policies include a series of cash benefits to attract metaverse-related companies to set up…
OpenAI launches grant for AI democratic governance project
The company behind ChatGPT announced it would award 10 grants of $100,000 to teams worldwide…
Crypto hater Peter Schiff to drop Bitcoin Ordinals NFT art collection
Despite hating on crypto for years, and calling NFTs worthless and easy to replicate two…
Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’
The highly accessible introductory text mentions all the concepts and names a curious reader would…
Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023
Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand…
EU regulator urges crypto firms to disclose regulatory status of products
The ESMA reminded investment firms that crypto would remain unregulated in most jurisdictions despite upcoming…
Cronos Labs launches second cohort of $100M Web3 accelerator
On May 15, the chosen projects commenced the 12-week program after being granted seed funding…
The Sandbox CEO’s Twitter was hacked, used to promote alleged ‘airdrop’ scam
The executive appears to have now recovered his account. Arthur Madrid, co-founder and CEO of…
ECB sums up digital euro prototyping exercise as it nears possible pilot launch
The European Central Bank exercise looked at a variety of use cases, most of which…
Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence
Diluted net loss per American depositary share in Q1 2023 stood at $0.51, down from…