Month: June 2023

Binance engages former DOJ prosecutor to counter SEC allegations

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has enlisted the expertise of a former attorney from the Department of Justice (DOJ) to mount a defense against the lawsuit filed by the Securities and Exchange Commission (SEC). According to Bloomberg, M. Kendall Day has been appointed as Binance’s legal counsel in their ongoing lawsuit with the SEC. His credentials on the Gibson Dunn website indicate that before joining the firm as a partner in its Washington, D.C. branch, Day served as an acting deputy assistant…

AWS Announces $100M Investment in Generative AI

The generative AI program is a strategy for AWS to bring artificial intelligence to its global customers and partners. Amazon Web Services (AWS) is launching a $100 million program to fund generative AI initiatives as it intentionally works to remain relevant in the highly-competitive artificial intelligence race. On Thursday, the Amazon cloud unit said it is investing the funds to help companies use generative AI. The announcement has placed Amazon on the same side of the new technology as its rivals Google (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT). AWS Invests…

Crypto Billionaire and Tron Founder Justin Sun Transfers ETH Worth $30M from Lido to Huobi

Justin Sun has transferred nearly $30 million worth of ETH tokens to Huobi, sparking rumors of a large upcoming sale. Tron founder Justin Sun has withdrawn $29.7 million worth of Ether (ETH) from Lido Finance and transferred the funds to Huobi. According to data provided by blockchain intelligence firm Arkham Intelligence, Sun requested to unstake his ETH tokens from Lido on Wednesday and moved them to Huobi on Thursday. Following the unstake request, Sun got 15,805 ETH from his Lido address and deposited 15,815 ETH to Huobi, sparking rumors of a sale. So…

Bitcoin ‘parabolic advance’ means BTC price all-time high in 2023 — Trader

boss

Bitcoin (BTC) will hit new all-time highs in 2023, and October is the favorite month for it, a popular trader says. In a Twitter update on June 22, Credible Crypto argued that the next four months should deliver the bullish BTC price momentum needed to tackle $69,000. October “fairly logical” for new Bitcoin all-time highs Bitcoin has put in solid performance this month, and Credible Crypto is increasingly optimistic for continuation. To do so, BTC/USD needs to present increasingly larger green monthly candles to keep it in line with previous…

More regulatory action for Binance, Brazil’s branch director summoned

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The CPI, a Brazilian regulator, has sought the presence of Guilherme Haddad Nazar, the general director of Binance brokerage in Brazil, as a witness. Deputy Alfredo Gaspar has presented a motion, and the rest of the CPI will vote on it and debate it at their next meeting on June 27.  Integrante da CPI quer que Guilherme Haddad Nazar deponha na condição de testemunha; executivo é sobrinho do ministro da Fazenda, Fernando Haddadhttps://t.co/xn3tHREeED — Portal do…

3AC Ventures to fund OPNX development

OPNX, a cryptocurrency platform, has announced a partnership with 3AC Ventures, a newly established venture capital fund. The announcement was made public via a tweet from OPNX, expressing its excitement about the collaboration and their shared vision for a decentralized future. The founders of 3AC Ventures, Su Zhu and Kyle Davies, are no strangers to the crypto world. They were previously associated with 3 Arrows Capital, a fund that imploded. We are excited to announce OPNX’s ecosystem partner— 3AC Ventures. The partnership will invest in projects building in the OPNX…

Blame game rages over ASX’s failed CHESS system blockchain upgrade

boss

Digital Asset — the New York firm responsible for Australian Securities Exchange’s now-abandoned blockchain-based clearing system — has blamed the securities exchange for dropping its blockchain plans. Meanwhile, representatives of the ASX have clapped back in statements to Cointelegraph, calling the claims misleading. For the last seven years, the ASX was poised to be the world’s first securities exchange to adopt blockchain technology, which would be in partnership with the New York-based firm. However, in a u-turn, ASX announced on May 17 that it would be abandoning the upgrade and…