GameStop has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs). According to a June 7 statement, Furlong was terminated, while Ryan Cohen — a billionaire investor held in high esteem by memestock traders following the notorious GameStop short squeeze in 2021 — was promoted to the role of executive chairman. Minutes after […]

Cardano (ADA) has emerged as one of the worst performers over the last day despite the rest of the market seeing some upside. This can be attributed to the security charges from the United States Securities and Exchange Commission (SEC), a classification that has loomed heavy over staking tokens in the last year. Cardano Foundation Deny Security Claims In the […]

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 in May. An MPI license allows Circle to offer digital payment token services and domestic and cross-border money transfer services, according to […]

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 artificial intelligence (AI) technologies.  According to Intuit, the new operating system will come with a suite of tools, including a developer studio, UX library, runtime layer and several pre-trained large language models […]

According to blockchain data, centralized exchange volumes have fallen to an all-time low, with DEXs rising in popularity in the cryptocurrency market. The numbers show trading activity on centralized exchanges is declining and has reached its lowest point since October 2020. The general sluggish market circumstances, the exit of well-known companies like Jane Street and Jump owing to regulatory worries, […]

The United States district court in Washington, D.C. 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.  “A lawsuit has been filed against you,” the summons read. While details are scarce at this time, the summons viewed by Cointelegraph did not […]

A new phase in the Tel Aviv Stock Exchange’s integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token.  The bond mint is part of the proof of concept (PoC) phase of Project Eden, a partnership between the Israeli Ministry of Finance and the stock […]

Charles Hoskinson, the creator of Cardano (ADA), has issued a stark warning about the potential rise in cryptocurrency scams driven by generative artificial intelligence (AI). He anticipates that these scams could result in the loss of millions of dollars worth of ADA within the next year, according to a recent report by The Daily Hodl. In a video update released […]

Digital asset lawyer John Deaton sees only a slight window of opportunity for the SEC to emerge victorious over Ripple. The lawyer predicted an end to the case in September, with a likely split in the middle between Ripple and the SEC. Fox Business reporter tweeted on Ripple hosting a roadshow meeting with investors to gather ideas on the possibility […]