Finance world news

Mandy Op.

Mandy Op.

JPMorgan buys troubled First Republic Bank

JPMorgan buys troubled First Republic Bank

The FDIC regulator has accepted JPM's takeover bid for the bank. The giant is taking over all of FRB's deposits, which total about $103.9 billion. First Republic Bank's 84 physical branches in eight states will reopen today as branches of JPMorgan. All other FRB assets will also be acquired.

US confiscates bitcoins from local Satanists

US confiscates bitcoins from local Satanists

A US district court has sentenced the founder of the Reformed Church of Satan, Aria DiMezzo, to one and a half years in prison. The woman was involved in the illegal exchange of fiat currencies for bitcoin from June 2020 to January 2021. Aria received 18 months behind bars, a

Binance US has terminated deal with Voyager Digital

Binance US has terminated deal with Voyager Digital

Bankrupt crypto trader Voyager Digital has announced that Binance US has terminated its deal to buy more than $1bn worth of assets. The company's customers will get their funds back through a direct distribution of cash and cryptocurrency.

"Government must be involved in AI governance" - OpenAI

"Government must be involved in AI governance" - OpenAI

Mira Murati, technical director of chatbot developer ChatGPT OpenAI, was interviewed by the Associated Press. She believes government agencies should be involved in regulation: "Governments should approve regulations - at least at the company level. They should agree on some level of standards.

Binance launches AI bot for Binance Academy

Binance launches AI bot for Binance Academy

Cryptocurrency exchange Binance is launching chatbot Binance Sensei, which is powered by ChatGPT, for Binance Academy. "Users will be able to enter a few keywords or questions through the chat window and receive an instant response based on Binance Academy articles or other reliable public sources," the exchange said in

Coinbase plans to launch mainnet Base in 2023

Coinbase plans to launch mainnet Base in 2023

Base project manager and head of protocols at Coinbase Jesse Pollacka spoke about plans to launch Base's mainnet L2 blockchain. "It will happen soon, we are working hard on it. This is our number one priority along with our decentralisation goals, and we will devote the rest of the year

EU Parliament approves MiCA rules

EU Parliament approves MiCA rules

The European Union Parliament has approved new MiCA rules on cryptocurrency licensing. The EU also voted in favour of a "remittance provision" law that requires cryptocurrency operators to identify their customers, in an effort to combat money laundering. Lawmakers also backed rules that require exchanges to request a license to

$249 million was liquidated in the last 24 hours

$249 million was liquidated in the last 24 hours

The price of BTC has momentarily fallen below $29,000 and is now trading around $29,100 and ETH around $1,970. The market capitalisation is down about 4.5% and is $1.187 trillion at the time of writing. Due to the market decline, about 75,000 traders were

Coinbase head ready to move company out of US

Coinbase head ready to move company out of US

Coinbase boss Brian Armstrong has not ruled out the company leaving the US altogether unless the authorities offer clear and fair regulation of the crypto industry. "I think the US has the potential to be an important cryptocurrency market. But right now we don't see the regulatory clarity that we

SEC prepares a lawsuit against Bittrex

SEC prepares a lawsuit against Bittrex

US cryptocurrency exchange Bittrex has received a Wells notice from the SEC. The reason was the SEC's suspicion that the platform violated investor protection law because the exchange failed to register its new unit.