Crypto
Regulation
Digital Currency Group subsidiary Luno to pause certain UK services, citing forthcoming regulations
Looming regulations from the Financial Conduct Authority have sparked an industry-wide slowdown of crypto services in the United Kingdom.
AI
Meta reportedly building new AI model to compete against OpenAI’s ChatGPT
The tech powerhouse is reportedly building new data centers and buying up NVIDIA chips in an effort to surpass its previous efforts and rival market frontrunners.
Layer-2
Ex-PayPal, Facebook exec David Marcus says Lightning can turn Bitcoin into a ‘real global payment network’
Marcus says that his company, Lightspark, aims to expand Lightning's availability.
Regulation
G20 calls for ‘swift’ creation of crypto tax reporting rules and info exchange
India and other countries want a Crypto Asset Reporting Framework by 2027.
Legal
File-sharing protocol LBRY, once vanquished by the SEC, files to appeal previous rulings
The project's Twitter/X account has been revived to announce an appeal after the project was thought to be completely shuttered.
Regulation
CFTC settles charges against companies behind 0x (ZRX), two other DeFi protocols
The settlement cited the Commission's view that Bitcoin and Ethereum are commodities as part of its reasoning in bringing the charges.
NFTs
Binance drops support for Sandbox NFT staking, will soon end support for all Polygon NFTs
Each feature survived just half a year on Binance's NFT platform.
Crime
Mirror Trading International to pay $1.7B in restitution to victims of Bitcoin investment scam
A judge found the company and its CEO liable for multiple types of fraud.
Banking
JP Morgan considering a new blockchain-based settlement token
The asset could be more versatile than the bank's existing JPM Coin, but the idea is said to be in very early stages.
Partnerships
Coinbase, Circle, Aave, and more partner to launch Tokenized Asset Coalition
The advocacy initiative aims to bring more than a trillion dollars worth of real-world assets on chain.
Hacks
FBI identifies North Korea’s Lazarus Group as culprit in $41M Stake exploit
The state-backed hacker group has become renowned for high-profile cryptocurrency hacks and exploits.
Bankruptcy
FTX reorganizing on-chain assets by bridging tokens, consolidating holdings
The movement of funds is another step toward the end of FTX's bankruptcy process.