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The American Chamber of Digital Commerce, a blockchain lobby group backed by firms including Goldman Sachs, Citigroup, Circle and Fidelity, has issued a call to action to Congress and the Senate to prioritize passage of a national approach to cryptocurrency regulation. The group added that it is asking Congress to organize a "Daylight Commission on Digital Assets and Blockchain Technology" to develop a "national strategic approach to digital assets and blockchain technology" in the United Sta...

Singapore's Whampoa Group plans to set up a digital bank in Bahrain, which will be open to encrypted customers

Singapore's Whampoa Group plans to set up a digital bank in Bahrain before the end of the year to provide banking services as well as digital token trading, custody and asset management services, as well as round-the-clock payment and settlement services for digital asset companies. The Bahraini government spokesman said the country's central bank had approved in principle the joint venture, adding that the approval was tentative and that a full license would only be granted after a...

Singapore's Whampoa Group plans to set up a digital bank in Bahrain, which will be open to encrypted customers

Singapore's Whampoa Group plans to set up a digital bank in Bahrain before the end of the year to provide banking services as well as digital token trading, custody and asset management services, as well as round-the-clock payment and settlement services for digital asset companies. The Bahraini government spokesman said the country's central bank had approved in principle the joint venture, adding that the approval was tentative and that a full license would only be granted after a...

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MicroStrategy is researching the Ordinals protocol and assessing its potential for app development

Michael Saylor, co-founder and executive chairman of MicroStrategy, said in an interview at Bitcoin 2023 in Miami that the company not only understands the Ordinals protocol, but is also interested in how the Ordinals protocol, which has aroused heated discussions in the Bitcoin community, can lead to software innovation. The company is currently researching Ordinals and Assess its potential for application development. According to Saylor, the development of applications based on the functio...

Auradine Closes $81M Series A Funding Led by Celesta Capital and Mayfield

Silicon Valley-based privacy-focused blockchain and artificial intelligence startup Auradine announced it has closed an $81 million Series A round led by venture capital firms Celesta Capital and Mayfield. Other investors in the round included Cota Capital, DCVC and Stanford University. Bitcoin mining company Marathon Digital Holdings (MARA) is also among the supporters. As part of the investment, Celesta's Sriram Viswanathan and Mayfield's Navin Chaddha will join Auradine's bo...

US House Speaker McCarthy: Ultimately we won't have a debt default

U.S. House of Representatives Speaker Kevin McCarthy told CNBC in an interview that he doesn't think the U.S. will eventually default on its debt as tensions over the debt ceiling continue. McCarthy did not say he was optimistic about the progress of the negotiations, but he said he was encouraged by Biden's willingness to negotiate. U.S. President Joe Biden said on Tuesday he would cut short a trip to Asia to further his involvement in debt-ceiling negotiations. McCarthy said: "The...

MicroStrategy is researching the Ordinals protocol and assessing its potential for app development

Michael Saylor, co-founder and executive chairman of MicroStrategy, said in an interview at Bitcoin 2023 in Miami that the company not only understands the Ordinals protocol, but is also interested in how the Ordinals protocol, which has aroused heated discussions in the Bitcoin community, can lead to software innovation. The company is currently researching Ordinals and Assess its potential for application development. According to Saylor, the development of applications based on the functio...

Signature Bank executive: Signature is well capitalized and does not need to be closed

Two Signature Bank executives reiterated at a Senate hearing on Tuesday that Signature does not need to be shut down. Signature is prepared to continue operating despite $16 billion in customer withdrawals following the collapse of Silicon Valley Bank, Signature co-founder and former chairman Scott Shay said. It is believed that Signature can withstand the economic earthquake, that it is well capitalized and solvent. Eric Howell, the former president of Signature, agreed, saying the bank was ...

Auradine Closes $81M Series A Funding Led by Celesta Capital and Mayfield

Silicon Valley-based privacy-focused blockchain and artificial intelligence startup Auradine announced it has closed an $81 million Series A round led by venture capital firms Celesta Capital and Mayfield. Other investors in the round included Cota Capital, DCVC and Stanford University. Bitcoin mining company Marathon Digital Holdings (MARA) is also among the supporters. As part of the investment, Celesta's Sriram Viswanathan and Mayfield's Navin Chaddha will join Auradine's bo...

US House Speaker McCarthy: Ultimately we won't have a debt default

U.S. House of Representatives Speaker Kevin McCarthy told CNBC in an interview that he doesn't think the U.S. will eventually default on its debt as tensions over the debt ceiling continue. McCarthy did not say he was optimistic about the progress of the negotiations, but he said he was encouraged by Biden's willingness to negotiate. U.S. President Joe Biden said on Tuesday he would cut short a trip to Asia to further his involvement in debt-ceiling negotiations. McCarthy said: "The...

Optimism Collective will conduct a fourth season of community governance experiments, introducing new concepts such as "collective intentions"

Optimism, the second-layer solution of Ethereum, tweeted that the Optimism Collective is establishing community governance through experiments. In Season 4, the Collective will conduct several key experiments aimed at increasing community participation in the progressive decentralization of Optimism. This quarterly experiment introduced some new concepts: collective intent, mission and alliances, and collective trust levels. According to reports, collective intentions are aimed at adjusting a...

Signature Bank executive: Signature is well capitalized and does not need to be closed

Two Signature Bank executives reiterated at a Senate hearing on Tuesday that Signature does not need to be shut down. Signature is prepared to continue operating despite $16 billion in customer withdrawals following the collapse of Silicon Valley Bank, Signature co-founder and former chairman Scott Shay said. It is believed that Signature can withstand the economic earthquake, that it is well capitalized and solvent. Eric Howell, the former president of Signature, agreed, saying the bank was ...

Bitwise Has Withdrawn Ethereum Futures ETF Application

Bitwise Asset Management has withdrawn its application to the U.S. Securities and Exchange Commission (SEC) for an ethereum futures ETF. Meanwhile, an amended SEC filing by Grayscale on Wednesday appears to indicate that the firm has also suspended plans to offer ethereum (ETH) futures products. Grayscale last week filed registration documents with the SEC for three new ETFs, the Grayscale Ethereum Futures ETF, the Grayscale Global Bitcoin Aggregate ETF, and the Grayscale Privacy ETF. But in ...

Optimism Collective will conduct a fourth season of community governance experiments, introducing new concepts such as "collective intentions"

Optimism, the second-layer solution of Ethereum, tweeted that the Optimism Collective is establishing community governance through experiments. In Season 4, the Collective will conduct several key experiments aimed at increasing community participation in the progressive decentralization of Optimism. This quarterly experiment introduced some new concepts: collective intent, mission and alliances, and collective trust levels. According to reports, collective intentions are aimed at adjusting a...

Bitwise Has Withdrawn Ethereum Futures ETF Application

Bitwise Asset Management has withdrawn its application to the U.S. Securities and Exchange Commission (SEC) for an ethereum futures ETF. Meanwhile, an amended SEC filing by Grayscale on Wednesday appears to indicate that the firm has also suspended plans to offer ethereum (ETH) futures products. Grayscale last week filed registration documents with the SEC for three new ETFs, the Grayscale Ethereum Futures ETF, the Grayscale Global Bitcoin Aggregate ETF, and the Grayscale Privacy ETF. But in ...

BlockFi has applied to the court to liquidate its lending business

BlockFi has asked the bankruptcy court to allow it to begin liquidating the lending platform and distribute the funds to creditors, according to a May 12 bankruptcy court filing. The company had previously tried unsuccessfully to sell its lending platform to raise funds and repay creditors, the documents show. BlockFi lawyers said the sale of the lending platform made very limited sense given recent regulatory developments. As such, BlockFi is self-liquidating the transaction and will distrib...

EU antitrust watchdog approves Microsoft's acquisition of Activision Blizzard

EU antitrust regulators approve Microsoft's acquisition of Activision Blizzard. EU regulators say Microsoft is offering European consumers a free 10-year license to stream all current and future Activision games through cloud services. Microsoft's solution completely solves the problem of competition in the cloud gaming market.

The US SEC applied to the court to change the $22 million fine against LBRY to about $110,000

The U.S. Securities and Exchange Commission (SEC) has filed a court filing on May 12 requesting amendments to its $22 million penalty against blockchain-based file-sharing network LBRY. The SEC believes that LBRY has ceased operations and does not have the funds to pay a higher fine, so it wants to reduce the fine to $111,614.

BlockFi has applied to the court to liquidate its lending business

BlockFi has asked the bankruptcy court to allow it to begin liquidating the lending platform and distribute the funds to creditors, according to a May 12 bankruptcy court filing. The company had previously tried unsuccessfully to sell its lending platform to raise funds and repay creditors, the documents show. BlockFi lawyers said the sale of the lending platform made very limited sense given recent regulatory developments. As such, BlockFi is self-liquidating the transaction and will distrib...

EU antitrust watchdog approves Microsoft's acquisition of Activision Blizzard

EU antitrust regulators approve Microsoft's acquisition of Activision Blizzard. EU regulators say Microsoft is offering European consumers a free 10-year license to stream all current and future Activision games through cloud services. Microsoft's solution completely solves the problem of competition in the cloud gaming market.

The US SEC applied to the court to change the $22 million fine against LBRY to about $110,000

The U.S. Securities and Exchange Commission (SEC) has filed a court filing on May 12 requesting amendments to its $22 million penalty against blockchain-based file-sharing network LBRY. The SEC believes that LBRY has ceased operations and does not have the funds to pay a higher fine, so it wants to reduce the fine to $111,614.

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Open Campus, the Web3 education protocol platform, announced the launch of a $10 million Global Educator Fund, which aims to reward teachers and creators around the world for developing K-12 educational content for Open Campus and its partner platforms. Applicants can be qualified teachers, educational institutions, and individuals or teams with subject matter knowledge. The OC community (EDU token holders) will be invited to vote and decide which applications should be selected.

The online celebrity Grumpy Cat brand has sent lawyer letters to two Meme coin project parties, requesting to stop trademark infringement

Nyanify, Inc. and Christopher Orlando Torres, the online celebrity Grumpy Cat brand owner, have sent lawyer letters to the two Meme coin project parties, "Nyan Meme Coin" and "GrumpyCat Coin", informing them of alleged trademark infringement and asking them to stop the infringement. "This infringing use has created actual confusion among consumers about the origin of the merchandise, leading them to believe that this coin is somehow related to our customer," the attorney's letter reads. ...

Open Campus launches $10 million global educator fund

Open Campus, the Web3 education protocol platform, announced the launch of a $10 million Global Educator Fund, which aims to reward teachers and creators around the world for developing K-12 educational content for Open Campus and its partner platforms. Applicants can be qualified teachers, educational institutions, and individuals or teams with subject matter knowledge. The OC community (EDU token holders) will be invited to vote and decide which applications should be selected.

The online celebrity Grumpy Cat brand has sent lawyer letters to two Meme coin project parties, requesting to stop trademark infringement

Nyanify, Inc. and Christopher Orlando Torres, the online celebrity Grumpy Cat brand owner, have sent lawyer letters to the two Meme coin project parties, "Nyan Meme Coin" and "GrumpyCat Coin", informing them of alleged trademark infringement and asking them to stop the infringement. "This infringing use has created actual confusion among consumers about the origin of the merchandise, leading them to believe that this coin is somehow related to our customer," the attorney's letter reads. ...

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