The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.
Blockchain security firm freezes $160K stolen in Merlin DEX ‘rugpull’
CertiK has contacted law enforcement in the U.S. and U.K. to find the pseudonymous operators.
Coinbase share price spikes 7.9% as Q1 results beat expectations
Coinbase CEO Brian Armstrong called the quarter a “turning point” for the company as it worked towards a more “financially disciplined” firm.
Mainstream media renew push for non-US FTX user identities
A May 3 filing to the United States Bankruptcy Court brings new objections to a motion that aimed to redact customer identities.
US regional bank shares sink despite Fed calling banking system ‘sound’
PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options.
ChatGPT and AI the newest vector for malware: Meta security team
Security researchers at Meta said “bad actors” have flocked to generative AI because it’s the latest tech to capture “people’s imagination and excitement.”
FTX advisors billed the bankrupt firm for a whopping $103M in Q1
After Sullivan & Cromwell, Consulting firm Alvarez & Marsal billed the second largest invoice for its finance and accounting work.
Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director
The IMF’s Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
7,800 jobs at IBM could be replaced by AI within years, suggests CEO
Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period.
MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit
The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023.
Coinbase exec uses ChatGPT ‘jailbreak’ to get odds on wild crypto scenarios
According to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035.
Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey
A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors.
Hong Kong security regulator to issue crypto license guidelines in May
The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung.
Circle CEO warns of active and accelerating de-dollarization
The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said.
Metaverse division’s $4B loss drags on positive first quarter for Meta
Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023.
Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts
The 2018 MIT professor Gary Gensler didn’t think most ICOs triggered U.S. securities laws.
Solana Labs’ ChatGPT plugin allows AI to fetch blockchain data
The plugin will allow the AI chatbot to check wallet balances, transfer tokens and purchase NFTs when OpenAI makes plugins more widely available.
Apple’s outside payments ban upheld as unlawful in likely win for NFTs and crypto
Unless Apple appeals the decision and has the ruling overturned, developers are free to direct app users to their own systems to make purchases.
Decentralized exchange GMX votes to use Chainlink low-latency oracles
A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.”
‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya
Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention.