Gary Gensler implied many market participants preferred to “whittle away at the SEC’s disclosure regime” rather than register, despite criticism that the requirements were unclear. United States Securities and Exchange Commission (SEC) Chair Gary Gensler took aim at crypto industry participants, claiming some avoided registration requirements with the regulator. In a prepared speech released on...Continue Reading

Prosecutors purportedly plan to confiscate the Terraform Labs co-founder’s South Korean passport, though he allegedly used a forged Costa Rican passport in Montenegro in 2023. Authorities in Montenegro will reportedly release Terraform Labs co-founder Do Kwon as local courts decide on his fate over extradition to the United States or South Korea. According to a...Continue Reading

Current investors such as Google and Amazon are not considering purchasing the stake, according to the report. Defunct cryptocurrency exchange FTX will soon offload its stake in artificial intelligence firm Anthropic worth around $1 billion as part of a deal to pay off its bankruptcy debts, according to a report from CNBC on March 22. ...Continue Reading

The director’s commentary comes amid an organizational restructuring by Square Enix to support blockchain, Web3 and AI. Developers should embrace future-facing technologies such as artificial intelligence (AI), virtual reality (VR) and Web3 if they want to stay relevant in the changing gaming industry, says Final Fantasy 15 director Hajime Tabata. Tabata’s comments came during a...Continue Reading

The U.S. Marshals Service has custody of a Bombardier Global tied to FTX, and prosecutors are seeking to transport an Embraer Legacy aircraft to Florida to begin sales proceedings. Prosecutors in the United States government’s case against Sam “SBF” Bankman-Fried proposed a court order to sell two private aircraft before the conclusion of the forfeiture...Continue Reading

Bitcoin is struggling to sustain its recovery, signaling that higher levels are attracting sellers in BTC and altcoins. Bitcoin’s (BTC) failure to build upon its solid comeback on March 20 shows that bears are selling on relief rallies. The pullback has dampened sentiment in the short term, resulting in net outflows from the spot Bitcoin...Continue Reading

The memecoin frenzy helps Solana overtake Ethereum in DEX activity, and over $200 million of positions could be liquidated if the Ether price falls below $3,100. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The...Continue Reading

Bitcoin volatilty could continue to create price whipsaws as BTC futures open interest reaches $36 billion. Bitcoin (BTC) investors are always waiting for and excited by volatility but seldom enjoy it when a price pump is followed by a sharp correction that triggers forced liquidations in futures contracts and amplifies the downside price movement. Bitcoin...Continue Reading

Put the technology you already have to new use, SWIFT advised the world. It had itself in mind. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been watching the development of fintech carefully, with a focus on its own future. After a variety of projects using new technologies, the pillar of the current international...Continue Reading

The Information Technology University of Lahore developed the courses in partnership with the University of Denmark. Information Technology University of Lahore in Pakistan has launched the nation’s first virtual reality-based classes in the metaverse.  The new courses will imitate the traditional classroom experience via virtual reality headsets and motion tracking, according to a report from...Continue Reading