The core issue is whether countries should use securities laws framed decades ago, “without realizing blockchain networks’ very aim is to transform the decades-old financial and securities market systems, with more transparency, instant settlement times, disintermediation of middlemen, automation and reduced costs, global liquidity and interoperability,” the report said. Source
Oracle delivered robust numbers for its cloud infrastructure services and is also working on generative AI. ORCL stock shot up by more than 6% on Monday. On Monday, June 12, software giant Oracle Corporation (NYSE: ORCL) reported the results for its fourth fiscal quarter while exceeding Wall Street expectations on both – the top line and the bottom line numbers. This news has had an impact on ORCL stock. For the last quarter, the company reported earnings per share at $1.67 against the expected $1.58. Similarly, the company reported a…
Binance.US has vehemently opposed the US Securities and Exchange Commission’s (SEC) proposed temporary restraining order, claiming that it would effectively end its business operations. The crypto exchange filed a response on June 12, criticizing the SEC’s emergency motion as “draconian and unduly burdensome.” SEC/Binance Newsflash: Binance Fights Back Binance, CZ and the BAM Defendants just filed lengthy opposition pleadings to the SEC’s emergency action. Find the links to two important pleadings below, which will give you a good idea of their defenses. Should be an extraordinary… pic.twitter.com/qc5GRwHmjn — John Reed…
The delisting of these crypto assets by eToro may hurt their prices and liquidity as they will lose access to a large and active customer base. eToro, a leading global trading platform, has announced that it will stop offering four crypto assets to its US customers. Beginning from July 12, 2023, Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) will no longer be available on the platform. Why Is eToro Delisting These Crypto Assets? According to eToro, the decision to delist these crypto assets stems from the evolving regulatory…
Davidson was joined by another crypto-friendly congressman Tom Emmer in creating the legislation. Crypto-friendly congressman Warren Davidson has filed a new bill called the “SEC Stabilization Act”. According to Davidson, the bill seeks to reform the SEC and rid it of its “tyrannical Chairman” Gary Gensler. His Twitter announcement reads: “Today I filed the SEC Stabilization Act to restructure the SEC and fire Gary Gensler.” In another statement, Davidson disclosed that the bill ultimately aims to protect the US capital markets. However, he also submitted that this aim can only…
The BTC Prague event has recently highlighted that while there remain places in the world where Bitcoin (BTC) adoption is still in its early stages, many continue to be positive about how the community can onboard more BTC supporters despite the new challenges that come in. In an interview with Cointelegraph reporter Joseph Hall, pseudonymous Bitcoin developer Uncle Rockstar, the head of Bitcoin at payment platform Strike, shared his thoughts on Bitcoin adoption and his most pressing concerns within the Bitcoin ecosystem in 2023. According to the developer, the BTC Prague…
Grubhub said that it would offer employees a severance package for 16 weeks but refused to comment on the specific positions removed. In a message to employees on Monday, June 12, food delivery platform Grubhub stated that it plans to lay off 400 employees i.e. 15% of its corporate workforce. The company cited the reason for maintaining “competitiveness” in the current macro environment. Also, in comparison to other market players such as Uber Eats and DoorDash, Grubhub has failed to capture the market share. The company said that it would…
With several lawsuits already in motion, it remains to be seen how the law will address AI-generated music and how that may affect further innovation. Meta has launched a new AI music generator MusicGen that can create original songs from text inputs and existing melody prompts. Felix Kreuk, a member of the Meta Fundamental AI Research (FAIR) team, announced this via his Twitter page. Recall that in March, Meta CEO Mark Zuckerberg announced the company’s increased efforts in AI development for the Metaverse. He said, “Our single largest investment is…
“This collaboration unlocks unprecedented access to a trillion-dollar market, offering users transparency and trust,” said Qin En, principal at Saison Capital, a venture capital firm that invested in both Finblox and OpenEden. “Beyond portfolio diversification, it offers the potential for more reliable and safer yields.” Source
Apple stock hit its new ATH driven by increased iPhone sales and the launch of a competitive Vision Pro VR headset last week. Apple Inc (NASDAQ: AAPL) shares closed Monday trading around $183.79, up 1.56 percent from the day’s opening price. The $2.85 trillion valued tech giant has experienced increased demand for its products, thus motivating investors to double down on its stock market. As a result, the AAPL shares surpassed the prior ATH last week and the market is currently headed to a price discovery phase. The incredible performance…