Google’s new Gemini AI model dominates benchmarks, beats GPT-4o and Claude-3
This is the first time Google’s taken the top slot on the Chatbot Arena leaderboard.
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Expect even more oversight of crypto from regulators, says eToro
Yonni Assia believes that unprecedented retail investor interest will push regulators to be more proactive about crypto regulation. Crypto-friendly trading platform eToro is expecting regulators to ratchet up their oversight of the crypto industry, given the increasingly high levels of participation by retail traders and smaller investors. In comments for the Financial Times, the Israel-based…

Former CFO indicted for diverting $35M to cryptocurrency venture
In the event of a conviction for wire fraud, Nevin Shetty could face up to 20 years in prison. 430 Total views 3 Total shares Nevin Shetty, a former chief financial officer (CFO) at a Seattle startup, was indicted on May 17 in the United States District Court in Seattle on charges of wire fraud. The indictment alleges…

How stablecoins improve US dollar utility — Paxos CEO
Paxos co-founder and CEO Charles Cascarilla said stablecoins pull people into Web3 because they solve problems.

Yield platform Stablegains sued for promoting UST: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The backlash from the Terra implosion still haunts the crypto world, with the now-shuttered stablecoin yield platform Stablegains being sued for customer losses. The plaintiffs allege that the platform funnelled…

Ex-CEO of Mine Digital stole $1.5M from a Bitcoiner, says regulator
The dodgy transaction happened just two months before the firm went bust in September 2022, says the Australian financial regulator.

Bitcoin price crashes below $48K, but is the bull market in danger?
Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies…

BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin
BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.

Women from small cities contribute to 65% crypto sign ups in India
Mumbai-based WazirX crypto exchange's latest data shows a 2,648% growth till date in user signups from smaller cities across India. 812 Total views 67 Total shares India’s regulatory uncertainties have not affected the investor’s sentiment towards crypto as the latest data from crypto exchanges suggests a rising influx of users. Binance-owned Indian crypto exchange WazirX reported…