Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected. According to a Binance letter to customers posted online, the Binance card issuer, Finansinės paslaugos “Contis” — or Contis Financial Services— will stop issuing the card. Contis is […]

Google Cloud has teamed up with blockchain infrastructure firm MultiversX (formerly Elrond) to boost its Web 3 presence. Google Cloud has integrated MultiversX into the platform which will in turn help Web3 projects and users derive valuable insights from powerful data analytics and artificial intelligence tools within the Google Cloud ecosystem. MultiversX claims that the partnership between the two firms […]

Binance, one of the top cryptocurrency exchanges, has informed Ethereum network users about an upcoming development that could affect their deposit and withdrawal activities. Binance is gearing up for a routine wallet maintenance operation with a focus on the Ethereum network (ERC20). Ethereum (ETH) Withdrawals to Be Temporarily Suspended by Binance On October 24th, at 7:00 a.m. Coordinated Universal Time […]

After a series of remarks about the potential benefits of a central bank digital currency (CBDC) for the national economy, the Central Bank of the Argentine Republic said it has accelerated its work on legislation to implement the CBDC workflow in the country.  On Oct. 18, during a public discussion on the Filo News channel, Argentina Central Bank director Juan Agustín […]

An influencer’s tweets have raised questions about the large volume of Tether created and used by Alameda Research. Alameda’s creation of 36 billion USDT and a mere redemption of 4 billion has sparked concerns – where is the $30 Billion? Unusual pricing on Alameda’s FTX exchange and the revelation of 60% of loans to Alameda has raised alarms. Amid all […]

In the fraud trial of Sam Bankman-Fried, prosecutors have requested the judge inform the jury that the defendant’s assertion that he is an effective altruist should not serve as a legitimate defense. Bankman-Fried faces allegations of misappropriating billions of dollars from FTX customers for personal purposes, such as political contributions, real estate and investments. In a letter presented on Thursday, […]

Over two dozen former employees of Ethereum infrastructure firm ConsenSys have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, over claims he diluted employee equity shares against earlier promises. The former staff allege that Lubin — who is also a co-founder of Ethereum — breached this “no-dilution promise” made in 2015, according to the plaintiff’s Oct. […]

Low-power wearable technology, including virtual and augmented reality devices crucial to the metaverse, will be permitted to tap into the 6 GHz frequency band following a rule change from the United States communications regulator. In an Oct. 19 press release, the Federal Communications Commission said it opened up the 6 GHz frequency band to “very low power devices” without needing […]

Universal Music Group (UMG), Concord Publishing and ABKCO Music & Records have filed a lawsuit against the artificial intelligence (AI) startup Anthropic on accusations of the latter committing copyright infringement in training its AI chatbot Claude. The lawsuit was filed on Oct. 18 and claims that Anthropic “unlawfully” copied and disseminated “vast amounts of copyrighted works – including the lyrics […]