The FTX Debtors, made up of FTX and affiliates, currently estimate the amount of customer assets misappropriated at $8.7 billion. Most of that money, about $6.4 billion, was in fiat and stablecoins, which FTX did not differentiate between in its accounting.Continue Reading on Coin Telegraph More
The wCBDC will be issued on the Swiss SIX digital exchange and run for a limited time, Jordan was quoted as saying at the Point Zero Forum in Zurich on June 26. The SIX Group also runs Switzerland’s largest stock exchange. Jordan said, according to the report:Continue Reading on Coin Telegraph More
Bitcoin’s bullish price action and the recent rush by several firms to apply for a Bitcoin spot exchange-traded fund seem to have attracted institutional investors’ attention. Bloomberg senior ETF analyst Eric Balchunas highlighted on June 26 that the ProShares Bitcoin Strategy ETF (BITO) — a Bitcoin futures fund — witnessed its largest weekly inflow in a year.Continue Reading on Coin Telegraph More
According to a notice sent from the U.S. House’s chief administrative officer, Catherine Szpindor, chatbot use has been restricted for security purposes:Continue Reading on Coin Telegraph More
In a June 26 ruling in the U.S. District Court for the District of Columbia, Judge Amy Berman Jackson suggested it was unnecessary for the court to intervene regarding the basis for a motion from parties affiliated with Binance and Binance.US. The legal team filed a motion on June 21 alleging that the SEC misled the U.S. public in statements issued over the securities lawsuit, which had the potential of “tainting the jury pool” and introducing “unwarranted confusion into the marketplace.”Continue Reading on Coin Telegraph More
Generative AI is a cutting-edge field that investigates the potential of machine learning to inspire human-like creativity and produce original material. Generative AI is a subset of artificial intelligence concerned with creating algorithms that can produce fresh information or replicate historical data patterns.Continue Reading on Coin Telegraph More
Totaling $199 million, inflows for the week of June 19–23 turned around a nine-week string of consecutive outflows, with Bitcoin (BTC) representing the lion’s share at $187 million (94% of overall inflows). Continue Reading on Coin Telegraph More
In separate letters dated June 23, Waters requested Treasury Secretary Janet Yellen and Securities and Exchange Commission (SEC) Chair Gary Gensler provide information on the possible impact of the “Digital Asset Market Structure” bill. The legislation proposed by Republican lawmakers on June 1 aimed to establish a comprehensive framework on digital assets in the U.S. in part by addressing regulatory gaps between the SEC and Commodity Futures Trading Commission.Continue Reading on Coin Telegraph More
