SEC Files 13 Charges Against Binance and Its CEO

In a significant development in the crypto world, the U.S. Securities and Exchange Commission (SEC) has filed 13 charges against Binance Holdings Ltd., its U.S.-based affiliate BAM Trading Services Inc., and their founder, Changpeng Zhao, as reported in a SEC press release issued on June 5, 2023. The charges include […]

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EU officials want all AI-generated content to be labeled

Officials in the European Union have discussed additional measures that would make artificial intelligence (AI) tools, such as OpenAI’s ChatGPT, more transparent to the public. On June 5, European Commission deputy head Vera Jourova told the press that companies deploying generative AI tools with the “potential to generate disinformation” should […]

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JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks

Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance. JPMorgan has partnered with six major Indian banks to introduce a blockchain-based platform enabling interbank settlement of dollar transactions, Bloomberg reported on June 5. The participating banks include HDFC […]

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Jamie Dimon Predicts Warns of Quantitative Tightening

According to a report published by The Daily Hodl earlier today, Jamie Dimon, the Executive Chairman CEO of JPMorgan Chase, reportedly has predicted a forthcoming pause in the Federal Reserve’s rate hikes. However, this pause comes with a significant catch that could impact risk-asset investors. According to The Daily Hodl, […]

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Reported Atomic Wallet Hack: $35M Crypto Vanished

Atomic Wallet, a popular cryptocurrency wallet, has reportedly been hit by a major security breach, resulting in over $35 million in digital assets being stolen. This alarming news was reported by BleepingComputer on June 4, 2023. Atomic Wallet, a versatile crypto wallet compatible with various operating systems, including Windows, Android, […]

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