Month: June 2023

Kraken experiencing gateway issues — withdrawals, deposits delayed

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Update: Kraken says it has implemented a fix and is currently monitoring the results. Cryptocurrency exchange Kraken says it is currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ether (ETH) and ERC-20.  On June 6, Kraken’s status page said, “Deposits and withdrawals are currently delayed. We will provide any updates as soon as possible.” The first notice was posted around 7:44 am UTC, followed by two updates saying it continues to “work on a fix” for the issue. The status page did not…

Intel (INTC) Shares Down 4.6% after Apple Announces Full Transition to In-House Chips on Mac Pro

Shares of Intel reacted poorly to the news that Apple will no longer need Intel chips and has fully transitioned to its own silicon. Intel Corporation (NASDAQ: INTC) shares fell following Apple’s (NASDAQ: AAPL) announcement that its new Mac Pro will use M2 Ultra, a new company-built chip. Apple said the M2 Ultra is three times faster than Apple’s fastest Mac Pro computer with an Intel chip. INTC fell nearly 5% on the day and closed at $29.86 Apple said the new Mac Pro will feature up to 192GB and…

Apple Officially Launches Vision Pro Mixed-Reality Headset, Available in Early 2024

The Apple Vision Pro headset comes with a wide array of features including 4K screens and Spatial Audio, and will first launch in the US. At the Monday Worldwide Developer Conference (WWDC), Apple Inc (NASDAQ: AAPL) officially announced its mixed reality Vision Pro headset priced at $3,499. The announcement is the tech giant’s first major product in nine years since the Apple Watch launched in 2014. Apple’s Vision Pro will offer users a new way to experience surrounding spaces and also use existing apps. Anyone can watch movies, play video…

Bitcoin drops to 3-month lows amid Binance drama

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US SEC sued Binance and its CEO Changpeng Zhao (CZ) for violating the securities law. Consequently, bitcoin (BTC) dropped by over 3% as the marketwide bearish FUD rose. Bitcoin has been tumbling since early May. With the current bearish sentiment, its price has fallen from the crucial $26,000 mark. BTC is down by 3.8% in the past 24 hours from the $27,000 mark and trading at around $25,780 at the time of writing. However, bitcoin’s…

Stolen crypto from Atomic Wallet traced to North Korean-linked Mixer

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Elliptic identifies the movement of illicit funds from the $35 million Atomic Wallet breach to Sinbad.io, a crypto mixer with ties to North Korea’s Lazarus Group. Blockchain compliance firm Elliptic has discovered that the funds stolen in the recent $35 million Atomic Wallet hack have been funneled to Sinbad.io, a cryptocurrency mixer linked to North Korea’s infamous Lazarus Group. The announcement came on June 5, and it was reported that Sinbad.io had previously laundered over $100…

AI should be regulated like medicine and nuclear power: UK minister

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Developers working on artificial intelligence should be licensed and regulated similarly to the pharmaceutical, medical, or nuclear industries, according to a representative for Britain’s opposing political party. Lucy Powell, a politician and digital spokesperson for the United Kingdom’s Labour Party told The Guardian on June 5 that firms like OpenAI or Google which have created AI models should “have to have a license in order to build these models,” adding: “My real point of concern is the lack of any regulation of the large language models that can then be…

US lawmakers blame crypto firms for ‘tax gap’ in letter to Treasury

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Two members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the Treasury and the Internal Revenue Service, demanding the implementation of tax regulations for the crypto industry. In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, the U.S. representatives raised concerns about the tax compliance practices in crypto, stating: “For years now, that (crypto) industry has been a major source of tax evasion and a significant part of the nation’s (United States) tax…