‘Godmother of AI’ launches World Labs with $230M funding at $1B valuation
The company’s focus will be on developing artificial intelligence with 3D perception.
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Crypto.com acquires SEC-registered broker to expand equities offerings
The acquisition will allow Crypto.com’s family of companies to offer stocks and equity options to eligible traders in the United States.

EU Commissioner urges lawmakers to hurry up with crypto regulations
During her visit to the United States, the official highlighted the importance of a truly global regulatory effort. While the European Union proceeds with smoothly passing its landmark crypto framework, the Markets in Crypto-Assets (MiCA), through the legislation phases, its financial services chief urges the American counterparts to keep in step to ensure the forthcoming…

New NY Gov. taps former Obama official to head state’s financial regulator
Adrienne Harris said she aims "to ensure we have a robust and fair financial system, and an equitable economy" in her role at the NYDFS. 268 Total views 2 Total shares Kathy Hochul, the governor of New York who has been in office for only a week since the departure of Andrew Cuomo, has nominated…

2 Key Technical Reasons Why a Bitcoin Rally to at Least $8K Is Likely
The Bitcoin (BTC) price has seen a strong rebound from $6,800 to $7,600 within a four-day span, recording a 12% increase. Two technical factors are likely to push BTC to $8,000 in the near-term as traders anticipate a strong weekly close.In the upcoming days, the 200-day simple moving average (SMA) found at just over $8,000…

Poloniex Pledges to Reimburse Flash Crash Losses, Victims Displeased
When a financial system like the crypto market lacks liquidity, a crash becomes inevitable. This was the case at the margin trading marketplace hosted by U.S.-based crypto exchange Poloniex toward the end of May, when the value of a lesser-known crypto asset, CLAM, experienced a sudden, sharp crash. This resulted in the generalized loss of…

Former CFTC chair criticizes STABLE Act amid calls for urgent regulatory clarity
Representative Stephen Lynch said he worries that without proper crypto regulation, lawmakers are “[inviting] the next financial disaster.”

Should you ‘orange pill’ children? The case for Bitcoin kids books
“Any kid who doesn’t learn something about Bitcoin is missing out,” says Bitcoin advocate Ben De Waal. De Waal explains that his 12-year-old daughter Samantha has already convinced “a couple” of her schoolmates and a teacher to hop on the Bitcoin bandwagon, though she’s not attempting to “orange pill the entire school”… yet. Ben De…

Bitcoin price surges, but derivatives metrics reflect pro trader’s neutral sentiment
As Bitcoin (BTC) finally broke out of the $46,000 resistance on March 27, traders were quick to conclude that the bearish trend was gone for good. Even as the price hit its highest level in 84 days, derivatives metrics and Asia’s Tether premium still show a lack of bullish sentiment.While analysts will struggle to find…