Day: June 28, 2023

Bankrupt Voyager Digital Incurs $1.1M Legal Fees in April

Kirkland & Ellis is currently the legal representative of many crypto exchanges that are faced with bankruptcy. Legal advisor Kirkland & Ellis has charged bankrupt crypto brokerage firm Voyager Digital the sum of $1.1 million in legal fees for their work in April. The fund is for fees and expenses related to its work on the erstwhile brokerage firm’s bankruptcy process. According to the documents, some of Kirkland & Ellis’ highest-paid partners charged as high as $2,000 per hour for their part of the litigation. Some other lawyers billed the…

A brief history of the internet

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The internet has become an integral part of our daily lives, revolutionizing how we communicate, access information and conduct business. It has evolved over several decades, starting from humble beginnings as a research project and evolving into a global network that connects billions of people worldwide. This article presents a timeline of the Internet’s evolution, highlighting key milestones that have shaped its development. The birth of ARPANET (1969) The United States Department of Defense created the Advanced Research Projects Agency Network (ARPANET) in the late 1960s, which is when the…

Microsoft’s Nuance Communications Says AI-Backed Clinical Note Application Is Coming to Epic Systems

Nuance is on a mission to reduce administrative responsibilities for doctors so that they can spend less time on paperwork and more time with patients. Microsoft-owned computer software company Nuance Communications announced that its AI-powered clinical notes application is coming to Epic Systems. It is only a matter of time before AI integrates every part of human life. The buzzing technology tool has gained massive popularity in recent times as many companies across diverse fields adopt it. Nuance Communications and Epic announced that they are offering the Nuance Dragon Ambient…

Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs

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According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies. Digital asset compliance and risk management firm TRM Labs revealed that illicit finance volumes involving Bitcoin (BTC) had fallen significantly over the past seven years, according to its “Illicit Crypto Ecosystem Report,” released on June 28. TRM Labs said instead a new multichain era has led to a “qualitative leap” away from Bitcoin as a primary means of…

The Surge in Bitcoin ETF Submissions: Implications for the Global Cryptocurrency Market

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The year 2023 has seen a sudden surge in the number of applications for Bitcoin Exchange-Traded Funds (ETFs). Major financial institutions and asset management firms, including Valkyrie, BlackRock, and Fidelity, have joined the race to launch their own Bitcoin ETFs. But what has triggered this sudden explosion in Bitcoin ETF submissions? The primary reason behind this trend is the growing acceptance and recognition of Bitcoin and other cryptocurrencies as legitimate financial assets. Over the past few years, Bitcoin has consistently proven its resilience, bouncing back from numerous market downturns and…

ZEN Sheds Privacy Coin Label Amid Regulatory Scrutiny

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Unity (U) Stock Price Jumps Over 15% as Company Announces Its AI Marketplace

Unity plans to integrate AI tools for generating game dialogues, graphics, and textures in its gaming software. On Tuesday, June 27, the stock price of Unity Software (NYSE: U) surged by more than 15% as the gaming toolmaker announced a marketplace for artificial intelligence software. This development comes at a time of hot and fresh developments taking place in the AI industry. Unity is basically a game engine software producing games for smartphones, consoles, and virtual reality headsets. With the recent development, Unity customers will be able to choose from…

Bitfinex Launches P2P Trading Platform in Three Latin American Countries

The company plans to launch a mobile version later in the year with additional features to improve user experience. Digital asset exchange Bitfinex has launched a new peer-to-peer (P2P) trading platform in Venezuela, Argentina, and Colombia. The platform, called BitfinexP2P, will allow users in these countries to buy and sell Bitcoin (BTC), Ether (ETH), Tether tokens (USDT and EURT), and Tether Gold (XAUT) directly without paying intermediaries. Paolo Ardoino, CTO of Bitfinex, expressed his delight at the launch of the P2P marketplace. He espoused the company’s belief in the transformative…