Crypto lender BlockFi is granted extra time to file Chapter 11 exit plan
BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring.
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Saudi Arabia partners with tech giants in $14.9B AI expansion
Saudi Arabia has committed $14.9 billion to AI through global tech partnerships, including Google, Lenovo and Alibaba, as it aims to become a regional AI hub.

Darknet Vendor and Pharmacist Charged With $270 Million Bitcoin Drug Trade
Two Costa Rican residents were charged for selling drugs worth $270 million on the darknet. A federal grand jury in the District of Columbia has charged two Costa Rican residents for illegally selling opioids on the darknet. Originally from the United States, David Brian Pate is a darknet vendor who along with Costa Rican pharmacist Jose…

Ledger wants to help MicroStrategy secure its $400m Bitcoin treasury
Square's SubZero cold wallet is great, but Ledger Vault is better says the company's VP of Product. 727 Total views 10 Total shares Ledger is mostly known for its consumer-facing hardware wallets, but since last year, a number of enterprises have also begun to use Ledger Vault, according to the company’s vice president of product,…

Hong Kong Cyberport Web3 network grows to 270 blockchain firms
Cyberport’s rapid growth includes over 270 Web3 enterprises and initiatives for real-world blockchain applications in Hong Kong.

Binance’s CZ suggests CEXs immediately list like DEXs, prompting concerns
CZ critiqued CEX listing processes, arguing that the current way of doing things leads to price manipulation. As token launches surge, liquidity is becoming increasingly strained.

Moody’s, Elliptic join forces for enhanced VASP risk screening
The companies will combine their strengths to provide enhanced virtual asset service providers screening ability.

Bitcoin may hit $14K in 2022 but buying BTC now ‘as good as it gets’ — analyst
Bitcoin (BTC) faces a “cycle bottom” this year in which it could drop over 50% from current levels, research claims.In a Twitter thread on June 1, Venturefounder, a contributor at on-chain analytics platform CryptoQuant, forecast 2022 as Bitcoin’s year to “capitulate.”Bitcoin now has "best 3-year ROI ever"Based on historical patterns involving Bitcoin’s halving cycles, this…

Starbucks to let customers trace their coffee’s provenance from bean to brew
Starting today, the coffeehouse is bringing their beans to the blockchain Starbucks, the biggest coffee shop chain in the world, now allows its customers to trace the origins of its coffee using Microsoft's blockchain solution. Customers will be able to scan codes on the bags of coffee they purchase to discover their origins. Little information…