Month: June 2023

‘We had to change strategies,’ says SEC enforcement director on recent actions: Report

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Gurbir Grewal, director of the United States Securities and Exchange Commission (SEC) division of enforcement, has reportedly said the entire crypto industry was “built around noncompliance,” leading to enforcement actions. According to a June 16 Reuters report, Grewal spoke at an event hosted by law firm Lowenstein Sandler and Rutgers University Law School in New York, which also featured Coinbase chief policy officer Faryar Shirzad. The SEC enforcement director reportedly said the commission had worked “thoughtfully and incrementally” for actions related to the crypto space, but this approach had failed…

BlackRock’s Bitcoin ETF Would Be a Big Deal

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First, exchanges should be a bit fearful. If new investors want price exposure to bitcoin and don’t care about the aspect of it that makes it cool (like using it), then those investors will look to pay as little as possible for that bitcoin. Why would an investor pay a 1% fee at an exchange when they could pay a tiny fraction of that through an ETF when they aren’t interested in actually using bitcoin? Original

Curve pool imbalance triggers USDT depeg concerns: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. On June 15, an imbalance in Curve Finance’s 3pool led to a Tether (USDT) depeg scare as the stablecoin’s weightage in the pool rose above 70%, leading to heavy selling. Tether’s chief technology officer claimed these market conditions are stress tests for the stablecoin and played down the depeg “FUD.” In other news, a crypto trading bot programmed to execute arbitrage trades…

Zachari Saltmer, One Big Fund co-founder, decodes blockchain innovation and venture capital

We’re excited to introduce Zachari Saltmer. His peers call him Zatoshi. He is a co-founder and fund manager at One Big Fund. Saltmer has years of experience collaborating with industry leaders as an expert in digital ledger technologies like blockchain. He also brings insights into how innovation impacts businesses. Discussing the blockchain industry’s future and challenges with Saltmer is an honor. He can tell us how blockchain innovators can approach venture capital funding in today’s age and time.  Let’s begin.  Hello! Welcome to crypto.news. Thanks for joining us. Please tell…

FxPro Adds Cryptocurrency CFDs to cTrader Accounts

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Online forex brokerage firm FxPro has introduced cryptocurrency trading to its cTrader accounts, the company announced today (Friday). The new addition allows traders to log in to their cTrader accounts and open new accounts under their profile. According to FxPro, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are some of the cryptocurrencies that have been added. These digital assets form part of a range of 28 cryptocurrency contracts for differences (CFDs) now available for trading 24 hours a day and seven days a week. Furthermore, FxPro said that it has…

Think AI tools aren’t harvesting your data? Guess again

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The meteoric ascent of generative artificial intelligence has created a bonafide technology sensation thanks to user-focused products such as OpenAI’s ChatGPT, Dall-E and Lensa. But the boom in user-friendly AI has arrived in conjunction with users seemingly ignoring or being left in the dark about the privacy risks imposed by these projects. In the midst of all this hype, however, international governments and major tech figures are starting to sound the alarm. Citing privacy and security concerns, Italy just placed a temporary ban on ChatGPT, potentially inspiring a similar block…

3 key Ether price metrics point to growing resistance at the $1,750 level

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Ether’s price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support.  It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for Ether (ETH), which is higher than PetroChina’s $186 billion and not far from chipmaker AMD’s $198 billion. Being the 66th largest global tradable asset is no small feat, especially considering that the cryptocurrency is merely eight years old and does not return any kind of…

Meta’s new ‘Voicebox’ AI is a text-to-speech tool that learns like ChatGPT

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Meta AI recently unveiled a “breakthrough” text-to-speech (TTS) generator it claims produces results up to 20 times faster than state-of-the-art artificial intelligence models with comparable performance.  The new system, dubbed Voicebox, eschews traditional TTS architecture in favor of a model more akin to OpenAI’s ChatGPT or Google’s Bard. Among the main differences between Voicebox and similar TTS models, such as ElevenLabs Prime Voice AI, is that Meta’s offering can generalize through in-context learning. Much like ChatGPT or other transformer models, Voicebox uses large-scale training datasets. Previous efforts to use massive…

Crypto Exchange CoinEx Pays Over $1,700,000 To Resolve New York State Lawsuit As It Exits US Market

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A Hong Kong crypto company was forced to pay more than $1.7 million in investor refunds and penalties after reaching an agreement with the New York State Attorney General (AG) Letitia James. James launched a lawsuit against the trading platform CoinEx in February, accusing the company of failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange. The attorney general announced in a press release this week that CoinEx will pay more than $1.1 million in refunds to 4,691 New York investors…

Bitcoin BTC Price Recrosses $26.3K to Hit Highest Level in a Week Amid BlackRock Optimism

Other major cryptocurrencies, including those that tumbled following their mention in U.S. Securities and Exchange Commission (SEC) lawsuits against exchanges Binance and Coinbase last week, regained large swathes of ground. SOL, the token of the Solana blockchain, was recently up more than 7%. ADA, MATIC and ALGO, the native cryptocurrencies of smart contract platforms Cardano, Polygon and Algorand, rose 3.5%, 3% and 4.1%, respectively. Source