ASIC had previously suspended FTX’s license to operate in Australia, now the securities regulator has canceled it entirely. The Australian financial services regulator has finally canceled the financial license of FTX Australia, the bankrupt crypto exchange’s local subsidiary — effective July 14. On July 19, the Australian Securities and Investments Commission (ASIC) announced the cancellation,...Continue Reading

Llama 2 is trained on 40% more public data and can process twice as much context than Llama 1, according to Meta. Big Tech firms Meta and Microsoft have teamed up to launch Llama 2, an open-source large language model from Meta that will feature on Microsoft’s Windows and cloud computing platform Azure. The pair...Continue Reading

Polychain Capital raised $200M for its newest fund while Coinfund raised a better-than-expected $152 million. Over $350 million has been raised by crypto venture capital firms Polychain Capital and Coinfund, whirespective reported raises of $200 million for a new investment fund and $152 million for a seed fund. A July 18 Forbes report said Polychain’s...Continue Reading

BTC price dropped below $30,000 again today, but the recent crab market price action is also backed by compelling investor activity on-chain. Bitcoin (BTC) price dropped below the $30,000 level on July 18, which given the developments of the last month, retail investors may not have expected, but does today’s downside move represent an upcoming...Continue Reading

Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing. The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into receivership, pending a hearing...Continue Reading