U.S. tax authorities seek $44 billion from FTX bankruptcy, details here

U.S. filed claims worth $44 billion against bankrupt crypto exchange FTX. The largest claims include $20.4 billion, $7.9 billion and $9.5 billion against different subsidiaries of Alameda Research. Th...

Terra Co-Founder’s Trial Is Set, Do Kwon Awaits Extradition

The court cases in South Korea against the Terra Luna founders continue to move forward. While Do Kwon is still in jail in Montenegro awaiting extradition, the other Terra founder Shin Hyun-seong, bet...

PEPE Traders Shifting Focus to New Elon Musk-Linked Memecoin

PEPE investors have now begun to turn to a new meme coin that is rumored to be linked to Twitter Chief Executive Officer (CEO) Elon Musk. Blockchain analytic site Lookonchain confirmed the sudden shif...

South Korean Authorities Freeze $176M Worth of Do Kwon’s Personal Fortune

Seoul Southern District Court has now issued a court order that prohibits the sale of several of Do Kwon’s properties. South Korean authorities may have frozen personal assets worth 233.3 billion Kore...

Can artificial intelligence create more jobs?

Artificial intelligence (AI) can increase productivity, boost economic growth, alter existing occupations and generate new ones. Without a doubt, AI will result in some job displacement in the short t...

Binance Introduces Capital Connect Service for VIP Clients

Existing Binance VIP customers will be able to use the service at no cost. Verified Binance VIP users may apply to utilize the platform in one of two capacities. To facilitate connections between inst...

Former US Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling

– Advertisement – Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally. Reich states that t...

Binance Completes Conflux Network (CFX) Mainnet Integration

The world’s largest crypto exchange Binance on Thursday said it has successfully completed the Conflux Network (CFX) mainnet integration. The exchange announced Conflux Network (CFX) listing in March ...

New York Legislator Proposes Stablecoins for Bail Payments

A new bill has the potential to expand the options for payment of bail in New York State. The Democratic bill aims to authorize stablecoins as bail payments and directs key officials — the commissione...

Ripple CEO Sheds Light on Lawsuit End Date in Dubai

Garlinghouse has shared a new end date for the lawsuit against the Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has made new predictions on when the SEC lawsuit will likely e...

New York Proposes Bill To Accept Payments for Bail in Stablecoins

30 seconds ago | 2 mins read Altcoin News The bill’s passage might pave the way for a wide range of stablecoin implementations. The sector in the United States is fraught with regulatory uncertainty. ...

Cosmos (ATOM) Price Forecast: Bullish Momentum Ahead

The Cosmos (ATOM) price has traded bullish since March and bounced sharply on May 10, increasing the possibility of an eventual breakout. In order for the bullish structure to remain intact, the ATOM ...

‘We can’t keep putting band-aids on the current system’ — OKX

A provocative new advertising campaign from cryptocurrency exchange OKX challenges traditional finance and Web3 competitors by calling for a rewrite of current financial and digital systems. The compa...

Coinbase Catches Flak for Dubbing PEPE ‘Alt-Right Hate Symbol’

The Coinbase crypto exchange is facing public ire after screenshots emerged from an email that it distributed to its clients. The email from the Nasdaq-listed exchange claimed that Pepe the Frog, the ...

Disney Releases Fiscal Q2 2023 Earnings Report, DIS Stock Down 5% in Pre-market

The recent earnings report is the second one since Iger became the CEO again in November 2022. The Walt Disney Company (NYSE: DIS) posted revenue and profit in line with analysts’ expectations for its...

Uniswap Deliberating On Proposal To Switch On Liquidity Pool Fees

The Uniswap decentralized exchange community is deliberating on a proposal to switch on Liquidity Pool Fees.  The plan to switch on Liquidity Pool Fees would see money being funneled into Uniswap’s tr...

Fiat-backed stablecoins could be used to post bail in New York under proposed bill

A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds.  The partisan bill, introduced on May 10 by New York State De...

Signuptoken.com Gains Traction – The Cryptonomist

SPONSORED POST* The French cryptocurrency landscape is about to witness some exciting developments as the regulators ponder on fast-tracking its approach to EU crypto rules for registered firms. As th...

IRS Files $44B Claims Against FTX Bankruptcy

The post IRS Files $44B Claims Against FTX Bankruptcy appeared first on Coinpedia Fintech News The US IRS(Internal Revenue Service) has filed $44 Billion in claims against a bankrupt crypto exchange. ...

Tech giant slings raft of new AI tools — So what’s coming?

Tech giant Google announced a plethora of new artificial intelligence-backed features during its annual Google I/O conference, with updated AI tech set to appear across its major platforms. On May 10,...

Bittrex to get $7M Loan For Bankruptcy Case

The post Bittrex to get $7M Loan For Bankruptcy Case appeared first on Coinpedia Fintech News Judge Shannon approved Bittrex to borrow 250 Bitcoin ($7 Million) and may request another 450 BTC in June....

Circle reportedly adjusts USDC reserves to avoid US default risk

Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults. hadAccording to a May 10 Politico newsletter, Circle CEO Jeremy ...

Ripple Partner Corpay to Offer Cross-Border Payment Services to Sunflower Bank

Being a partner of Ripple, Corpay already leverages the RippleNet solution to facilitate its cross-border payment solutions. Corpay, a business payments company under the FLEETCOR brand and a prominen...

Tether (USDT) Record Profits – The Cryptonomist

Tether is the company that issues and manages the world’s leading stablecoin, USDT.  It recently released its first quarterly report for 2023, which showed a record net profit of $1.48 billion, thanks...

OpenAI CEO to Testify in US Senate amid Raising Concerns over Used Technology

Last week, OpenAI CEO attended a meeting of the White House that was devoted to the regulation of AI. And according to Altman, White House representatives and OpenAI executives are “on the same page” ...

Snapchat influencer turns simps into cash using an AI doppelganger

A 23-year-old Snapchat influencer has seemingly taken a leaf out of the SimpDAO playbook by launching an artificial intelligence-based girlfriend version of herself via OpenAI’s chatbot ChatGPT. The i...

NY Authorizes Stablecoins as a Form of Bail: Assembly Bill 7024

The New York State Legislature introduced Assembly Bill 7024 authorizing stablecoins as a valid form of bail. The bill followed General Attorney Letitia James’ proposal for crypto regulations. The aut...

Nuxgame Now Supports Shiba Inu (SHIB) Payments

An exciting development for the Shiba Inu (SHIB) community as Nuxgame integrates CoinPayments, a payment processor that supports SHIB tokens. 💥Exciting news! @nuxgame_com has integrated @CoinPaymentsN...

Milady NFTs Trading Volume and Price Surges Post Elon Musk Tweet

38 mins ago | 2 mins read NFT News From a low of 3.75 ETH ($6,920) to a high of 5.70 ETH ($10,371) was the after-effect. The trading volume of Milady NFTs had surged by a factor of 500%. On Wednesday,...

New York lawmaker introduces bill to support stablecoin payment for bails

New York lawmaker Latrice Walker proposed a new bill that supports using fiat-collateralized stablecoins as an acceptable method for bail bond payments. Introduced on May 10, the New York Assembly Bil...

Stablecoins as bail payment – The Cryptonomist

It’s official: New York has introduced a bill that would accept Stablecoins as a form of bail payment.  Specifically, the proposed new US legislation on the matter will undoubtedly have an impact on t...

AI Takes Center Stage at Alphabet’s Google I/O 2023 Developers Conference

One of the most impressive AI features that Google announced is ‘Help Me Write’ that is intended for simplifying email creation. Google LLC, an American multinational tech company owned by Alphabet In...