Month: June 2023

Apple Unveils Series of New Products at Its WWDC, Here Is What Was Presented

This year’s product revelation at the WWDC is proof that the company is committed to continue beating the standard.  American multinational technology giant Apple Inc (NASDAQ: AAPL) has unveiled a whole new set of products as it seeks to deepen its rank as one of the most innovative consumer device manufacturers in the tech world. The firm did not disappoint its customers with what it revealed at the Worldwide Developers Conference (WWDC) where it unveiled the most intriguing product, the Vision Pro Augmented Reality (AR) headset. The company also introduced…

SEC Accuses Binance of Commingling User Funds and Other Malpractices, Designates MATIC, SOL, Others as Securities

According to the SEC in a recent lawsuit, Binance deliberately broke several rules and secretly funneled customer funds via a separate entity. The US Securities and Exchange Commission (SEC) has slammed Binance with a lawsuit for varying malpractices. In addition to accusing Binance of mishandling customers’ funds, the commission’s lawsuit also fires at several altcoins, including Polygon (MATIC) and Solana (SOL). The SEC’s lawsuit hit Binance and its CEO Changpeng “CZ” Zhao with 13 civil charges. According to the suit, Binance has not properly restricted US customers from its Binance.com platform, stating that the…

AI could threaten humanity in 2 years, warns UK AI task force advisor

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The AI task force advisor to the prime minister in the United Kingdom said humans have roughly two years to control and regulate artificial intelligence (AI) before it becomes too powerful. In an interview with a local UK media outlet Matt Clifford, who also serves as the chair of the government’s Advanced Research and Invention Agency (ARIA), stressed that current systems are getting “more and more capable at an ever-increasing rate.” He continued to say that if officials don’t start considering safety and regulations now, in two years’ time the…

Launch of ChatGPT Significantly Enhanced AI-Related Crypto Assets YTD

The German researchers found out that AI-related crypto assets jumped as much as 35 percent after the launch of ChatGPT. The recent Artificial Intelligence (AI) boom has propelled related companies to huge profits in the past few quarters. Already, Nvidia Corporation (NASDAQ: NVDA) has seen its stock market rally more than 168 percent YTD to reach a valuation of about $1 trillion. However, it is AI-related crypto that has experienced significant volatility in the recent past due to the underlying speculative nature of digital assets. Already, top artificial intelligence and…

Coinbase (COIN) Shares Tumble 9% amid SEC’s Binance Securities Violation Allegations

The SEC filing against Binance had a significant impact not only on Coinbase but also on other linked entities and cryptocurrencies. Coinbase Global Inc (NASDAQ: COIN) witnessed a significant drop of 10.3% in its share value after the United States Securities and Exchange Commission (SEC) announced its decision to sue the trading platform’s biggest rival the Binance exchange. Following the news, Coinbase stock closed the trading day down by 9% Edward Moya, a senior market analyst at foreign exchange Oanda, eloquently captures the sentiment surrounding the recent decline in Coinbase…

Binance sees $778M net outflows on Ethereum blockchain amid SEC charges: Nansen

The SEC lawsuit against Binance on June 5, accusing the crypto exchange of violating various securities laws, had a direct impact on the crypto market as well as the balance sheet of the crypto exchange. According to data shared by crypto analytic firm Nansen, Binance saw a negative netflow of $778 million on the Ethereum blockchain, where $871 million worth of assets inflowed onto the exchange while $1.6 billion worth of assets went out of the exchange. Even in the first 24 hours following the SEC lawsuit, Ethereum-based tokens have…

5 YouTube channels for learning graphic design

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Learning graphic design is a valuable skill in today’s digital age. It involves creating visual content for various purposes, including advertising, branding, web design, and more. Whether you’re a beginner or looking to enhance your existing skills, YouTube can be a fantastic resource for learning graphic design. Here are five YouTube channels that offer excellent content for graphic design enthusiasts: Adobe Creative Cloud Adobe Creative Cloud shares tutorials, advice and ideas pertaining to its creative products and services on its official YouTube channel. One can find a variety of video…

Kraken faces issues with funding gateways, deposits and withdrawals affected

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kraken is experiencing delays in deposits and withdrawals due to issues with multiple crypto funding gateways such as bitcoin (BTC), ether (ETH), and ERC20. On June 6, Kraken announced that it is addressing an issue causing delays in deposits and withdrawals of several cryptocurrencies. The exchange has not disclosed the root cause of this problem. This announcement first appeared on the company’s status page at 7:44 am UTC, followed by two updates indicating that the team…

Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance

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Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over largest exchange Binance lingered. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView BTC price risks losing multi-month range Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it steadied after dropping to near three-month lows. The weakness came as part of a knee-jerk market reaction to news that United States regulators were suing Binance and its CEO, Changpeng Zhao, also known as CZ, over “a variety of securities law violations.” “Through thirteen charges, we allege…