Day: June 6, 2023

Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions Like BNY Mellon to Blockchain Networks

In a new set of experiments, Swift will partner with major TradFi institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group. The goal is to test how these institutions can use the Swift’s infrastructure to instruct the transfer of tokenized assets across blockchains, the press release said. Source link

Life Insurance Denominated in BTC? Meanwhile Sets Up Shop With $19M Funding

The Bermuda Monetary Authority-licensed company said it raised the funds across two seed rounds. The first was co-led by Sam Altman, CEO of ChatGPT developer OpenAI, and former Stripe executive Lachy Groom. The second was led by Gradient Ventures. Meanwhile was previously called Standard Crypto Insurance, and is registered under that name with the BMA, CEO Zac Townsend told CoinDesk. Source

Bankers Shopping FTX’s ‘Hundreds of Millions of Dollars’ Stake in AI Startup Anthropic: Report

CryptoX – Cryptocurrency Analysis and News Portal At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival chatbot Claude, which was valued at $4.6 billion, having raised $750 million in recent months, according to the report. Source The post Bankers Shopping FTX’s ‘Hundreds of Millions of Dollars’ Stake in AI Startup Anthropic: Report appeared first on CryptoX. CryptoX Portal

Coinbase targeted by state security regulators concurrent to SEC lawsuit

boss

According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have issued a Show Cause Order against cryptocurrency exchange Coinbase. The order alleges that “Coinbase violates the securities law by offering its staking rewards program accounts to Alabama residents without a registration to offer or sell these securities.” In particular, the order gives Coinbase 28 days to show cause why they should not be directed…

Apple Vision Pro Will Compete with Meta Quest 3, Here’s Difference

Apple and Meta will be taking the battle on the frontier of mixed-reality headsets. Here’s a look into how each of the devices – Apple Vision Pro and Meta Quest 3 – compare with each other. Mixed Reality, AR, and VR is the new battleground for tech giants to compete with each other. While Facebook parent Meta has been in the game for a while, Apple just made a big bang entry into the space by unveiling its Apple Vision Pro during the WWDC 2023 event’s opening day on Monday,…

After Binance, SEC Sues Coinbase over Illegal Operation of Crypto Exchange

boss

The Securities and Exchange Commission (SEC) has charged Coinbase, the largest cryptocurrency exchange in the United States, with operating an illegal trading platform that offered unregistered crypto asset securities. The securities watchdog also accused the platform of running a digital asset staking-as-a-service programme without authorization. In a complaint filed before a US district court in New York, SEC further alleged that Coinbase combines the functions of an exchange, brokerage and clearing agency–which are separated under US laws–without registering to engage in these activities. “All the while, Coinbase has earned billions…

Coinbase, CFTC, and Others Testify in Congress Over Proposed Crypto Bill

Representatives from Coinbase, Robinhood, and the Commodity Futures Trading Commission, among others, will speak at a House Agriculture Committee hearing on digital asset regulation about the recently released draft crypto bill. United States legislators put forth a crypto bill to provide clear regulations for cryptocurrency, its users, and companies. The 162-page bill attempts to establish regulatory jurisdiction and definitions. However, it was also acknowledged that the bill would require extensive reviews. One is the House Agriculture Committee hearing on digital asset regulation today. Coinbase and the CFTC are among those…

The race to build safe and legal coin mixers – Cointelegraph Magazine

boss

When the U.S. government sanctioned coin mixer Tornado Cash, many thought it might spell the end for illicit crypto mixing services. But they’re back — and with a glossy new institutional sheen and legit use cases to help traders and funds keep their market moves a “trade” secret. Tornado Cash is what is known as a “mixer,” a “coin anonymizer” that breaks the identifying links in blockchain transactions, providing a certain degree of anonymity for users. The reasons people use coin anonymizers vary from criminality to ideology. Bad actors can…