Tether and Bitfinex announced Thursday that Stuart Hoegner, Bitfinex's general counsel, has retired to oversee the legal affairs of stablecoin issuers and exchanges under Michael Hilliard, as stricter regulations from the MiCA came into effect late last year. According to a statement, Hoegner and Hilliard have co-led the legal work of the two firms for several years. The leadership dynamics of the two firms changed after the European Union Crypto Asset Market (MiCA) regulation MiCA came into ful...
According to the AXIOS website, OpenAI announced Thursday that it is rolling out a new feature that allows users to share live video of their phone's screen and phone in the advanced voice mode of the ChatGPT mobile app. This way users don't have to upload photos or describe their surroundings in a chat.
Blockchain startup Magic Labs announced Thursday that it is launching a new cross-chain network called Newton, a platform designed to make using decentralized applications across multiple blockchains as seamless as browsing the internet. By leveraging Polygon's decentralized AggLayer and chain power builder packages, Newton will allow developers to build dapps that run on different chains without requiring users to maintain different wallets.
Cryptocurrency trading firm and market maker GSR announced the departure of two senior executives on Thursday. Rich Rosenblum, co-founder and co-chief executive of GSR, has resigned. John MacDonald, chief technology officer, is also leaving, GSR wrote on social media platform X. GSR noted that Rosenblum was leaving the company "to pursue new entrepreneurial opportunities" and would continue to be in touch with him. The leadership shake-up is another major executive shake-up at GSR this year afte...
The Financial Action Task Force (FATF) on Thursday announced that India has "technically complied with the FATF recommendations to a high degree and has taken significant steps to implement the fight against illicit financing" following a joint assessment with the Asia Pacific Anti-Money Laundering Group (APG) and the Eurasia Group (EAG). But noted areas for improvement, particularly in regulating the non-financial sector and virtual asset providers. India was urged to adopt a risk-based approac...
Commerzbank on Thursday announced a partnership with Crypto Finance, a subsidiary of Deutsche Bo ̈ rse, to offer digital asset services to its corporate clients. The new service will focus on Bitcoin and Ethereum, providing secure custody and trading. Commerzbank is one of the largest banks in Germany with significant operations in corporate banking, retail banking and investment banking. As of 2024, the company employs around 48,000 people and serves around 11 million private clients and more ...
The Department of Justice (DOJ) announced Thursday that an early bitcoin investor has pleaded guilty to "filing a tax return that falsely reported his cryptocurrency gains." Texas resident Frank Richard Ahlgren III pleaded guilty to understating the capital gains he received from selling $3.70 million worth of BTC. According to court documents, Ahlgren bought 1,366 bitcoins in 2015, each worth no more than $500. In October 2017, he paid about 370...
The ME Foundation announced the launch of ME tokens on Thursday. Matt Szenics, the director of the ME Foundation, currently refused to disclose the total supply of ME tokens, the number that will be allocated to investors, and when it will be launched, but said that he is working to confirm the relevant information in the next few months. In addition, Matt Szenics also confirmed that ME token holders can participate in the ME Decentralized Autonomous Organization (DAO), but he refused to disclos...
Kim Dotcom, founder of the defunct file-sharing site Megaupload, will be extradited from New Zealand to the United States after 12 years of legal action, Justice Minister Paul Goldsmith announced on Thursday. It is understood that Dotcom, who has refused extradition since being raided by the FBI in 2012, said he had a plan and expressed affection for New Zealand. He was accused by the United States of causing significant financial damage to the entertainment industry.
Chain Abstraction, a new feature designed to make seamless transactions between networks easier, is live on mainnet, the NEAR Foundation announced on Thursday - a further sign of the growing number of projects working on the design concept of "chain abstraction". NEAR co-founder Illia Polosukhin personally promoted the project's blockchain abstraction roadmap, which aims to simplify the cryptocurrency user experience that exists due to the evolving multi-chain ecosystem.
The Federal Reserve on Thursday announced it had taken enforcement action against Customers Bancorp Inc for "material deficiencies" in its risk management and anti-money laundering practices. The Federal Reserve said the enforcement action against the Pennsylvania-based bank, which offers digital asset services and a tokenized instant payment platform, stemmed from a recent Federal Reserve inspection.
The mayor of Jersey City, New Jersey, announced on Thursday that the city's pension fund will allocate a percentage of its investment to bitcoin exchange-traded funds (ETFs). Writing on social media platform X, Fulop said the Jersey City pension fund was updating its filings with the SEC, similar to the Wisconsin pension fund. The mayor estimated the process would be completed by the end of the summer. Fulop said: "The question of whether cryptocurrencies and bitcoin will continue to exist is ba...
Coinbase announced Thursday that it will file legal action against the Securities Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) after failing to obtain a Freedom of Information Act (FOIA) request. In 2023, Coinbase hired consulting firm HistoryAssociates Incorporated to assist in retrieving records from the SEC and FDIC. History Associates said both requests were denied, and the company is currently suing both agencies in an attempt to force them to turn over doc...
Due to the Juneteenth holiday, the release of US EIA crude oil inventory data has been postponed to 23:00 on June 20 (Thursday), and the release time of API crude oil inventory data remains unchanged at 04:30 on June 19 (Wednesday). Please pay attention.