Custodia Bank Appeals to Higher Court Following March Setback
Custodia Bank is appealing to the US Tenth Circuit Court of Appeals after being denied entry into the US banking system in March. Custodia Bank has petitioned the United States Tenth Circuit Court of Appeals for a notice of appeal, contesting a lower court’s March ruling denying the bank’s application to integrate into the U.S. […]
Sam Altman Joins Government AI Safety Board
The US government established an AI Safety and Security Board to monitor advancements in AI. Sam Altman, Satya Nadella, Sundar Pichai, and Jensen Huang were invited to join the board. As what seems to be an unexpected development, the Federal government has extended invitations to CEOs of leading companies specializing in Artificial Intelligence (AI) to […]
Mainland Chinese Investors Can’t Buy ETFs Due to Crypto Ban
Mainland Chinese citizens cannot purchase Hong Kong’s spot Bitcoin and Ether exchange-traded funds (ETFs) following the crypto ban in mainland China. On April 30, three Chinese asset managers—China Asset Management, Harvest Global Investments, and Bosera—established spot crypto ETFs via their Hong Kong subsidiaries after Hong Kong authorizes spot BTC and ETH ETFs. Despite maintaining solid […]
Vitalik Buterin Upholds Transition to PoS
Amid Ethereum community discord, Ethereum Co-founder, Vitalik Buterin defends the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). His response was sparked by entrepreneur Amanda Cassatt’s post. While increasing internal discord within the Ethereum community, Vitalik Buterin, co-founder of the protocol, has provided some justifications for supporting the network’s transition from the Proof-of-Work (PoW) consensus mechanism […]
Trader Gets $23M Reward Trading Solana Memecoins
A temecoin trader cashed out $6.28M trading BONK, $9.51M trading WIF, and $7.04M from BODEN Solana meme-themed tokens. Lookonchain, a firm that analyzes blockchain technology, identified the activities of a trader using the Solana Name Service account “paulo.sol” on April 26. Beamdog (WIF), Jeo Boden (BODEN), and Bonk (BONK) meme tokens generated profits for the […]