Institutional crypto broker FPG halts withdrawals after $20M cyberattack
Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on June 11.
Bitcoin dips below $25K for the first time in 3 months
The price of Bitcoin plunged 4% as the Federal Reserve pressed pause on interest rates.
Requiring DEXs to register with SEC like other exchanges is ‘impossible,’ says Coinbase CLO
“The SEC is attempting to front-run congressional action by baking unsupported assumptions about its crypto jurisdiction into the proposed rules,” says Paul Grewal.
US senators propose bill to eliminate Section 230 protection for AI companies
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether Section 230 even applies to AI.
European Union AI Act passes in parliament
Member states will have the opportunity to negotiate final details before the act becomes law.
Binance applies to deregister in Cyprus, says focus is on ‘larger markets’
The Cyprus SEC lists the exchange as “Under examination for application for deregistration” on the island.
XRP Tumbles 8%, Erasing Price Gains from ‘Hinman Emails’ in Ripple Lawsuit
The token fell to as low as 46.18 cents, its lowest level this month, as crypto markets sold off Wednesday afternoon.
Apple Rejects Bitcoin Wallet Zeus a Day After Threatening to Delist Damus
The tech giant cited transmission of a virtual currency without necessary licenses and permissions as the primary reason for the app’s rejection, according to Zeus’ founder.
Bitcoin Sinks Below 25K, Altcoins Tumble, as Investors Shrug Off Fed Rate Hike Pause
Ether tumbled below $1.7K just two hours after the U.S. central bank met widespread expectations by ending its more than year-long diet of interest rate increases.
Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack
FPG told customers via email that it had ceased trading, deposits and withdrawals after experiencing a cyber security incident on Sunday, June 11.
MakerDAO Weighs Ditching $390M of Gemini Dollars from DAI Reserve
The result could have a significant impact on Gemini and its stablecoin as MakerDAO’s reserve holds roughly 88% of total GUSD supply.
Binance Seeks to Withdraw Cyprus' Unit Crypto Service Registration
Binance won registration as a crypto asset service provider (CASP) in Cyprus in October last year.
