The sleek device, an expansion of Apple’s existing hardware lineup, is controlled by a user’s eyes, hands and voice inputs. Most impressively, Apple says that the device will “interact with digital content in a way that feels like it is physically present in their space,” meaning its high-resolution device can seamlessly project content into a user’s physical space. Source
Crypto markets nosedived Monday following the SEC suit accusing Binance, the world’s largest crypto exchange by trading volume, and its chief executive, Changpeng “CZ” Zhao, of offering unregistered securities, commingling user deposits and inflating trading volumes. Source
Apple’s new Vision Pro MR headset, with dual processor architecture and a dozen cameras, is not likely to be a realistic purchase for the masses just yet, despite its impressive specifications. The device was announced on June 5, and is years ahead of competitors such as Meta. It is priced starting at $3,499, a cost that will most likely be prohibitive for most consumers. The Vision Pro, unveiled by Apple, is a wearable computer with a three-dimensional user interface that blends digital content with the real world with hands and…
The announcement of the United States Securities and Exchange Commission (SEC) suit against Binance, Binance.US and Binance CEO Changpeng Zhao (CZ) may have surprised the crypto community, but the SEC’s focus on the exchange was well known. The suit’s contents were met with a variety of reactions. CZ claimed in a tweet on the morning of June 5, “Media gets the info before we do,” and the company had not seen the SEC complaint then. Evidence of scrambling behind the scenes may be seen in the two statements Binance issued…
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy. Source
Binance announced in May that it would delist so-called “privacy coins” such as Monero (XMR), Zcash (ZEC) and others in several countries, including France, Italy, Spain and Poland. The decision underscored the reality that some companies might step over their own feet to ban privacy tech — even where it is legal — out of a combination of risk aversion and compliance confusion. Some Monero users have long advocated for keeping their tokens off exchanges, emphasizing that on-exchange transactions undermine user privacy by requiring personal identification data. And yet listing privacy…
Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance on allegations of violating federal securities laws. Even though the $25,500 support held for Bitcoin, investors are still digesting the potential impacts of the regulatory action, which also involves Binance CEO Changpeng “CZ” Zhao. According to digital asset investment firm Arca CEO Jeff Dorman, the direct impact of an eventual shutdown of Binance operations in the U.S. is irrelevant. Furthermore, non-criminal charges from the past should not…
The layer 2 landscape on top of Ethereum has seen some intense competition over the past few months. According to L2Beat, Arbitrum, another optimistic scaling solution and Optimism’s biggest rival, leads the way with $5.69 billion total value locked (TVL), a measure of collateral socked into decentralized-finance (DeFi) protocols on the network, while Optimism has $1.68 billion TVL. Source
If Coinbase faces charges from SEC, at least 37% of the crypto exchange’s net revenue would be at risk, analysts says. Source
The Reserve Bank of Australia (RBA) recently released a report discussing the potential of stablecoins and CBDCs, highlighting the importance of regulatory mechanisms for digital assets. In an update from Australia, the RBA has released more information from an ongoing inquiry concerning a digital assets bill. The bill will regulate crypto platforms, custody services, and particularly stablecoins, a form of digital currency. The RBA has put a spotlight on stablecoins in its review. Although the bank acknowledges stablecoin activity in Australia as being limited at present, it sees the potential…