Stablecoins such as USDT and USDC were trading for 3 to 4% higher than par value at the time of publication. On June 7, multiple coins and tokens listed on Binance.US, the United States subsidiary of cryptocurrency exchange Binance, began deviating from their fair value to trade at premiums. Coins such as Bitcoin (BTC) and...Continue Reading

The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com. Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state...Continue Reading

Intuit is launching an operating system for generative artificial intelligence that will feature AI models trained on the company’s financial data. Fintech giant Intuit, whose product offerings include TurboTax, Mint, Credit Karma, MailChimp, and QuickBooks, recently expanded its software services platform to include GenOS, an operating system for generative AI technologies.  According to Intuit, the...Continue Reading

Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment. Bitcoin and altcoins have been volatile in the past two days, as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of...Continue Reading

What are the best metaverse projects that investors should keep on their radar? Cointelegraph Research Metaverse Ranking Awards the top projects The metaverse continues to expand, with industry giants and upcoming players racing to seize a slice of the potentially trillion-dollar pie. Close to $2 billion was invested in blockchain-based metaverse deals in 2022, according...Continue Reading

Cointelegraph spoke with Future Primitive’s Jayden Windle and Benny Giang to learn how NFTs can be used as digital wallets through ERC-6551. In this week’s newsletter, read about GameStop’s nonfungible token (NFT) platform partnership with game company Illuvium, and check out how NFTs can store digital assets, and how blue-chip NFT collaterals are being used...Continue Reading

Catherine Coley left social media and the CEO job, but the SEC brought her in to testify the following year. Former Binance.US CEO Catherine Coley, who is transparently known as “BAM CEO A” in the suit against Binance filed by the United States Securities and Exchange Commission (SEC) on June 5, has kept a low...Continue Reading

Ethereum could eventually fall afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level. Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should...Continue Reading

According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta. The United States District Court in Washington, D.C. has issued a summons for Binance CEO Changpeng Zhao on June 7, just two days after the Securities and Exchange Commission (SEC) formally sued the exchange for alleged unregistered securities operations. ...Continue Reading

Binance’s arm in the United States suspended its OTC trading platform and reduced the number of supported convert trading pairs. Binance.US removed trading services for several crypto tokens on June 7. The move follows a lawsuit filed earlier this week by the United States Securities and Exchange Commission against Binance entities and thei leadership.  “After careful...Continue Reading