Shares of miner Applied Digital surged on Nasdaq as the firm announced a second AI cloud hosting deal. Source
Bitcoin Miner Applied Digital Signs AI Hosting Deal Worth Up to $460M
Day: June 23, 2023
Coinbase Wins U.S. Supreme Court Ruling in Arbitration Lawsuit
The ruling, which won a 5-4 majority, allows Coinbase to continue its effort to compel arbitration against the putative class action lawsuit, halting the lawsuit’s progress through the federal court system in the meantime. While this marks a win for Coinbase, it has little direct effect on the crypto industry. Source
Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says
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Maye Musk Cancels Jiu Jitsu Fight between Her Son Tesla CEO and Meta Platforms Co-Founder Mark Zuckerberg
Earlier, Meta co-founder Mark Zuckerberg had agreed to a Jiu-Jitsu fight in a cage with Tesla CEO Elon Musk following social media pressure. In what was described to be the biggest Jiu-Jitsu fight of the century, Meta Platforms Inc (NASDAQ: META) co-founder Mark Zuckerberg and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk had agreed to lock each other in a physical contest. The fight was ostensibly triggered by Mario Nawfal, CEO of Web3 incubator platform IBC Group, after highlighting the competitive nature between Twitter and Meta in the social media…
Will BlackRock’s ETF Hijack Bitcoin’s Anti-Establishment Narrative?
Presented with this open-source unstoppable, uncensorable protocol, innovators are going to do what they always do: innovate. So, inevitably, there will be workarounds to all of this. New ways to engage with all those other Bitcoin use cases without being ensnared in a Washington/Wall Street regulatory bind will emerge. Original
Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg
Circle Internet Financial, which said at the time it had $3.3 billion in holdings at the bank, was followed in the list of top depositors by units of the bank itself, and then by tech-focused venture capital firm Sequoia with just over $1 billion, according to documents sent by the FDIC to Bloomberg under the Freedom of Information Act which were not redacted for commercially sensitive data, in an apparent mistake by the regulator. Source AidedBloombergCircleDepositorGovernmentRescueSVBTop CryptoX Portal
Bitcoin volatility takes a break as $31K BTC price yearly highs loom
Bitcoin (BTC) denied the market fresh volatility at the June 23 Wall Street open as traders attempted to guess its next targets. BTC/USD 1-hour chart. Source: TradingView Bitcoin lacks “strong confirmation” of new upside Data from Cointelegraph Markets Pro and TradingView showed BTC price action continuing to hover around $30,000. A second day of sideways trading thus greeted market participants as prior upside stalled close to the yearly high at $31,000. Popular trader Daan Crypto Trades suggested that this area represented a popular invalidation point for those shorting BTC after…
Siemens Energy Stock Loses 35% as Review of Issues at Subsidiary Shows Wind Turbine Problems Could Last for Years
Siemens Energy CEO Christian Bruch said that “too much had been swept under the carpet” concerning Siemens Gamesa. Shares of Siemens Energy declined 35% earlier today as the company discarded its profit prediction and mentioned lasting wind turbine issues. Following a review of concerns at its subsidiary Siemens Gamesa, the company announced its findings of a “substantial increase in failure rates of wind turbine components”. However, its shares plunged as the market reacts to the unpleasant update. Siemens Energy Wind Turbine Issues Linger The Thursday report shows that the Siemens…
Binance Hires Former Justice Department Prosecutor in Fight with SEC
Kendall Day led the department’s efforts to combat money laundering, including dealing with charges related to money laundering, deferred prosecution agreement, etc. Amid its ongoing legal fight with the US Securities and Exchange Commission (SEC), crypto exchange Binance has hired a former white-collar prosecutor of the Department of Justice (DoJ), as per the court filing on Thursday, June 22. M. Kendall Day, a partner at Gibson Dunn & Crutcher’s Washington DC office, will serve as counsel for Binance in the SEC case. Previously, Day worked for 15 years as the…
TikTok Moves to Expand Online Retail Shop with New E-Commerce Initiative
The new shopping feature introduced by TikTok is limited to UK users for now. TikTok, the popular video-sharing social media platform, is taking a big step into the world of e-commerce with its latest shopping venture. The company has recently introduced a new in-app feature called “Trendy Beat”, which serves as a gateway to a world of trending and popular items. TikTok Unlocking a New E-Commerce Experience The new shopping feature allows users to explore and purchase a wide selection of products featured in viral videos, such as ear wax…