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💵 Bankrupt FTX says they have recovered $7 billion in liquid assets.
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🤖 Amazon to invest $100M in generative AI center
Amazon’s cloud unit, commonly known as AWS, is building a $100 million solution to catch up with Microsoft and Google in the market for generative artificial intelligence.
According to Bloomberg, the upcoming AWS Generative AI Innovation Center will connect Amazon experts in AI and machine learning with clients seeking to build applications based on the latest technologies. In generative AI, algorithms are used to create new content, such as audio, code, images, texts, simulations and videos.
Amazon said that Highspot, Twilio, Ryanair and Lonely Planet will be among the first users of the innovation center. With the new center, the company expects to sell more cloud services amid increasing competition in the cloud infrastructure market.
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⚖️ Do Kwon has been found guilty by a court in Montenegro of using a fake Costa Rican passport in an attempt to leave the country in March.
The former co-founder and CEO of Terra Labs was sentenced to four months in jail, according to a court statement.
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🔥 BlackRock's iShares Files Paperwork for Spot Bitcoin ETF.
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🇺🇸 US lawmakers file 'SEC Stabilization Act' to fire Gary Gensler.
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😀 Binance US suspends USD deposits, pausing fiat withdrawal channel.
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🔥 SEC sues Coinbase, citing the exchange is acting as an unregistered broker.
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🇸🇻 El Salvador's Volcano Energy secures $1B in commitments for 241 MW Bitcoin mine
Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter.
The initial investment was $250 million and came from "key Bitcoin industry leaders," said the company.
The mining site will be powered with 169 MW of solar and 72 MW of wind energy to bring computing power of over 1.3 exahash/second (EH/s), the press release said. It will be located in Metapán, Santa Ana, in the country's northwest.
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🇺🇾 Purchasing groceries at a local market with Bitcoin in Uruguay
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🇭🇰 Hong Kong-based First Digital introduces USD stablecoin
Hong Kong-based qualified custodian and trust company First Digital is introducing a new stablecoin that will be pegged to the U.S. dollar but regulated in Asia.
Dubbed "First Digital USD," or FDUSD, the coin is intended to be backed on a one-to-one basis by one U.S. dollar or asset of equivalent fair value, the company said in a statement, adding that the reserves would be held in segregated accounts at institutions in Asia.
The stablecoin is programmable and capable of enabling the execution of financial contracts, escrow services and insurance without intermediaries, First Digital said.
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🇨🇦 OSC investigating crypto exchange Binance despite Canadian exit
Weeks after global crypto giant Binance announced it was pulling out of Canada because it didn’t agree with new rules put in place by the country’s regulators, a document published the Ontario Securities Commission shows Canada’s largest watchdog is investigating the crypto platform’s conduct in this country.
Documents filed by Binance and published by the regulator May 30 show the OSC is attempting to use its powers, including summons, to compel the production of documents and data from Binance and potentially third parties.
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🇹🇭 Binance gains first Southeast Asian license from Thailand
Thailand's Securities and Exchange Commission on Friday approved a joint venture between Binance and Gulf Energy Development to operate a digital asset exchange and brokerage, granting the cryptocurrency giant its first license in Southeast Asia.
Operations will launch in the fourth quarter of 2023 as a 51-49 joint venture between Gulf Innova and Binance. The former is the fintech arm of Gulf Energy, one of Thailand's largest private power producers, which invested $20 million for a 0.4% stake in Binance's U.S. operation.
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🇭🇰 Hong Kong to allow retail investors to access licensed crypto exchanges.
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⛔️ The Hotbit exchange is closed — users need to withdraw assets by June 21.
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🍎 OpenAI releases iPhone version of ChatGPT.
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😀 Binance reverses decision to delist privacy coins in Europe.
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⚡️ Charles Schwab, Citadel-backed crypto exchange goes live today.
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🇫🇷 Binance, the world’s leading cryptocurrency exchange, under investigation in France.
🇳🇱 Binance to Quit Netherlands After Failing to Acquire License.
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🇺🇸 US inflation falls to 4%, lower than expectations.
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⚒ A solo Bitcoin miner with only 17TH won a block reward worth 6.25 BTC ($160 000).
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🥶 SEC files motion to freeze cryptocurrency held by Binance US.
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🍏 Apple unveils "Vision Pro" AR/VR headset, priced at $3 499.
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🕰 Celebrating Bitcoin reaching $111 all-time high back in 2013.
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💲 USDT Reaches All-Time High, Surpasses Previous Market Cap High of $83.2B.
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🇦🇪 UAE central bank issues AML/CTF guidance for dealing with virtual assets.
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😀 Buying a bank won’t solve crypto’s debanking issue: Binance CEO
Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.
The collapse of several United States banks this year has prompted concerns that the pool of crypto-friendly banks is shrinking. former key banking partners, Silvergate, Silicon Valley Bank, and Signature Bank have all capitulated this year.
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🧠 Elon Musk's Neuralink receives FDA approval to launch an in-human brain chip.
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🇦🇪 Dubai developer to build the world's first Bitcoin Tower.
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🛰 A physical coin loaded with 1 BTC, along with the Genesis Block text, will venture beyond the atmosphere on a space launch this summer.
BitMEX has announced that it will be sending the first physical bitcoin to the Moon in partnership with Astrobotic Technology Inc. and Bitcoin Magazine. The rocket carrying a physical Bitcoin wallet is scheduled to launch from the Kennedy Space Center this summer, marking a significant milestone for both space exploration and the bitcoin industry.
The bitcoin, engraved with a public address and private key, is loaded with 1 BTC and will become the first-ever financial asset sent to space. This endeavor symbolizes the exploration of Bitcoin's use cases beyond Earth and opens up possibilities for future interaction with the token.
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💎 The NFT collection that made it
At the end of last year, anonymous Telegram usernames in the form of NFTs were launched on the TON blockchain. Initially, they were sold for 9 TON (≈$16) during a limited period, with a total of 137,000 usernames released.
Today, their minimum price stands at 185 TON and continues to rise, having doubled in just the past few days. Technically, this is the most successful mass NFT collection.
We have looked into what is happening and what prospects there are for these anonymous usernames »