Day: June 22, 2023

BitGo terminates acquisition of Prime Trust

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On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read:  “After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate its acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.” BitGo’s deal cancellation comes…

Bitcoin Equities ETF Makes Debut on Euronext Stock Exchange

The addition of a Bitcoin equities exchange-traded fund product to the Euronext Amsterdam stock exchange is fantastic news for Dutch investors. The highly anticipated Bitcoin Equities Exchange-Traded Fund (ETF) product has made its debut on the Euronext Amsterdam stock exchange. This groundbreaking move brings Bitcoin into the realm of traditional financial markets, offering investors a regulated and easily accessible way to gain exposure to the world’s leading token. Earlier today, the Euronext Amsterdam Stock Exchange welcomed the trading of the Bitcoin Equities ETF, BTC NA, offered by French investment firm…

US lawmaker demands answers from SEC on docs related to Sam Bankman-Fried’s arrest

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Michigan Representative Bill Huizenga, who chairs the United States House Oversight and Investigations Subcommittee, has called out the Securities and Exchange Commission (SEC) for its failure to produce appropriate documents related to the timing of the charges and arrest of former FTX CEO Sam Bankman-Fried. In a June 22 hearing on oversight of the SEC, Rep. Huizenga said “100% of the documents” the commission had provided on SBF’s charges and arrest were publicly available, suggesting an inadequate response to the congressional committee. The lawmaker criticized the SEC for failing to…

Binance Unveils Local Digital Asset Platform in Kazakhstan

According to the General Manager of Binance Kazakhstan Zhaslan Madiyev, the platform has joint forces with five regulatory bodies in the country. As always, the popular crypto exchange Binance is expanding its horizon by launching a regulated platform in Kazakhstan. The company announced the new local digital asset platform in the country on June 20th after receiving a go-ahead in October last year. At the Astana International Financial Center (AIFC) in 2022, the AIFC Financial Services Authority (AFSA) gave crypto exchanges the license to manage a digital asset platform and…

Startup Kaito Gets $87.5M Valuation in New Funding to Build AI Search Engine for Crypto

The Kaito search engine launched in Beta mode to 35,000 waitlisted users on June 20, according to a company LinkedIn post. It combines large language models (LLMs) with real-time access to data from the web, including Twitter, Discord, Telegram, governance forums, Medium, Mirror, industry research, news, Kaito’s proprietary Twitter Space and podcast transcripts, as well as onchain data. “Even with plugins, ChatGPT today does not connect to many off-chain crypto-specific information silos or on-chain data, thereby unable to meet people’s needs in the [crypto] space,” said Yu Hu, Kaito’s founder…

Cryptocurrency Staking Platform Northstake Raises $3M to Boost Institution Participation

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“Institutional investors at the asset manager level, at the sovereign fund level are looking at this and trying to figure out what staking is and where does the yield come from,” Johansen said in an interview with CoinDesk. “It’s significant that, in this round that we raised, one of our ultimate beneficial owners is ATP, a state-owned pension fund in Denmark and one of the largest asset managers in Europe.” Source

How AI is changing the way humans interact with machines

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The past 12 months have seen the global digital paradigm evolve tremendously, especially regarding how humans interact with machines. In fact, the space has undergone such a radical transformation that people of all ages are now fast becoming conversant with artificial intelligence (AI) models, most popularly OpenAI’s ChatGPT.  The primary driving force behind this revolution has been the advancements made in natural language processing (NLP) and conversational AI. NLP is a subfield of AI that focuses on the interaction between computers and humans using everyday language and speech patterns. The…

Limited generative AI usage to be allowed in Japanese schools

The Japanese Ministry of Education, Culture, Sports, Science and Technology plans to allow schools from elementary to high school level limited usage of generative artificial intelligence (AI) in classrooms.  According to a local news outlet, a source close to the matter said that generative AI tools, such as the popular chatbot ChatGPT, will be allowed to help facilitate in-class discussions and artistic activities, among other use cases. Officials said blanket usage of AI tools would not be allowed and that it intends to release guidelines for schools to follow by…

Wintermute Backs DEX Vertex Protocol in Strategic Investment

“Vertex Protocol meets the market’s growing demand for noncustodial trading solutions while also possessing the efficiency of centralized exchanges,” said Tim Wu, head of decentralized finance (DeFi) at Wintermute, in the statement. “Their rapid growth reflects this trend, and their robust infrastructure is a good fit for large trading firms like us,” Wu added. Source