Crypto news

Winklevoss-owned crypto exchange Gemini has filed a lawsuit against Digital Currency Group (DCG) – the owner of the institutional crypto lending company Genesis – for committing “fraud” against the exchange’s customers. The lawsuit asserts that DCG and its CEO, Barry Silbert induced depositors to lend “huge amounts of cryptocurrency and U.S. Dollars” to Genesis through “false, misleading, and incomplete representations” of the company’s financial position and “robust...

[unable to retrieve full-text content]CoinspeakerBitMex Co-founder Arthur Hayes Says Bitcoin Could Rally Hard as AI Currency According to former banker and BitMex co-founder Arthur Hayes, Bitcoin has a very high chance of becoming the ultimate currency of artificial intelligence. BitMex Co-founder Arthur Hayes Says Bitcoin Could Rally Hard as AI Currency

[unable to retrieve full-text content]CoinspeakerCZ Debunks FUD Surrounding Departure of Executives from Binance Apart from the investigation initiated by the Department of Justice, the SEC sued Binance one month ago for listing unregistered securities, commingling customers' deposits, and flouting KYC rules. CZ Debunks FUD Surrounding Departure of Executives from Binance

[unable to retrieve full-text content]CoinspeakerChatGPT Traffic Drops 10% in June as User Rush Subsides Some market analysts believe that people are slowly becoming less interested in AI chat and that the initial excitement is fading away. ChatGPT Traffic Drops 10% in June as User Rush Subsides

Michael Saylor – the former CEO of software giant MicroStrategy – is predicting big things for bitcoin. Michael Saylor Is Still a BTC Fan Not long ago, Saylor issued a separate interview that clearly showed him to be a full bitcoin maximalist. He insinuated that he would never live it down, nor would he ever lose hope that the world’s number one digital currency by market capitalization would amount to something. In this more recent interview, he took his ideas...

Spot Bitcoin exchange-traded funds (ETFs) are arguably the hottest topic in the cryptocurrency community for the past few weeks, a trend that was only solidified during the last several days. Recall that the SEC deemed all recent filings as “inadequate” last Friday, which put a major shade on all applications on whether they will be added to the growing list of rejections made by the securities regulator. However, all companies reacted swiftly and refiled with more “adequate”...

[unable to retrieve full-text content]CoinspeakerAlibaba Rolls Out AI Image Generation Model to Enhance Business Productivity In addition to Tongyi Wanxiang, Alibaba Cloud unveiled ModelScopeGPT, a versatile framework designed to streamline complex AI tasks across language, vision, and speech domains. Alibaba Rolls Out AI Image Generation Model to Enhance Business Productivity

[unable to retrieve full-text content]CoinspeakerMultichain Suspends Services Following $130M Exploit across Multiple Bridges Multichain has now warned that because of the exploit, all transactions will be stuck on source chains until further notice. Multichain Suspends Services Following $130M Exploit across Multiple Bridges

Jerome Powell – the head of the Fed – has announced that due to ongoing stress endured by the American banking system, he and his cronies will likely ease their hiking of interest rates. Strangely, the news has not done great things for bitcoin or crypto. In fact, prices took a small and temporary dive following the announcement. Jerome Powell Hints at Potential Curb to Rate Hikes This is arguably the attitude Powell should have had a long time ago. When banks are...

Changpeng Zhao (CZ), the CEO and founder of leading crypto exchange Binance, announced that his company’s users, assets, and platform were unaffected by the recent hack on the cross-chain router protocol Multichain. The Binance boss tweeted that the exchange had finalized all asset swaps and closed deposits a while before the incident occurred. Binance Unaffected by Multichain Exploit On July 6, Multichain experienced abnormal outflows from its bridge contracts to an unknown...