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🍟 Paying with BTC at Salvadoran McDonalds.
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🐦 Elon Musk says unverified Twitter users will be limited to viewing 300-600 tweets per day.
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🇩🇪 German regulator reportedly rejects Binance's crypto custody license demand
The Federal Financial Supervisory Authority (BaFin), the German financial regulator has reportedly rejected Binance’s crypto custody license application.
The news was first reported by Forward Finance citing people familiar with the matter. Later Cointelegraph reached out to Binance to confirm the same and a spokesperson from the firm said that they are “unable to share details of conversations with regulators,” while adding:
“We continue to work to comply with BaFin‘s requirements. As expected, this is a detailed and ongoing process. We are confident that we have the right team and measures in place to continue our discussions with regulators in Germany.”
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💵 Bankrupt FTX says they have recovered $7 billion in liquid assets.
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🤖 Amazon to invest $100M in generative AI center
Amazon’s cloud unit, commonly known as AWS, is building a $100 million solution to catch up with Microsoft and Google in the market for generative artificial intelligence.
According to Bloomberg, the upcoming AWS Generative AI Innovation Center will connect Amazon experts in AI and machine learning with clients seeking to build applications based on the latest technologies. In generative AI, algorithms are used to create new content, such as audio, code, images, texts, simulations and videos.
Amazon said that Highspot, Twilio, Ryanair and Lonely Planet will be among the first users of the innovation center. With the new center, the company expects to sell more cloud services amid increasing competition in the cloud infrastructure market.
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⚖️ Do Kwon has been found guilty by a court in Montenegro of using a fake Costa Rican passport in an attempt to leave the country in March.
The former co-founder and CEO of Terra Labs was sentenced to four months in jail, according to a court statement.
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🔥 BlackRock's iShares Files Paperwork for Spot Bitcoin ETF.
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🇺🇸 US lawmakers file 'SEC Stabilization Act' to fire Gary Gensler.
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😀 Binance US suspends USD deposits, pausing fiat withdrawal channel.
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🔥 SEC sues Coinbase, citing the exchange is acting as an unregistered broker.
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🇸🇻 El Salvador's Volcano Energy secures $1B in commitments for 241 MW Bitcoin mine
Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter.
The initial investment was $250 million and came from "key Bitcoin industry leaders," said the company.
The mining site will be powered with 169 MW of solar and 72 MW of wind energy to bring computing power of over 1.3 exahash/second (EH/s), the press release said. It will be located in Metapán, Santa Ana, in the country's northwest.
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🇺🇾 Purchasing groceries at a local market with Bitcoin in Uruguay
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🇭🇰 Hong Kong-based First Digital introduces USD stablecoin
Hong Kong-based qualified custodian and trust company First Digital is introducing a new stablecoin that will be pegged to the U.S. dollar but regulated in Asia.
Dubbed "First Digital USD," or FDUSD, the coin is intended to be backed on a one-to-one basis by one U.S. dollar or asset of equivalent fair value, the company said in a statement, adding that the reserves would be held in segregated accounts at institutions in Asia.
The stablecoin is programmable and capable of enabling the execution of financial contracts, escrow services and insurance without intermediaries, First Digital said.
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🇨🇦 OSC investigating crypto exchange Binance despite Canadian exit
Weeks after global crypto giant Binance announced it was pulling out of Canada because it didn’t agree with new rules put in place by the country’s regulators, a document published the Ontario Securities Commission shows Canada’s largest watchdog is investigating the crypto platform’s conduct in this country.
Documents filed by Binance and published by the regulator May 30 show the OSC is attempting to use its powers, including summons, to compel the production of documents and data from Binance and potentially third parties.
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🇹🇭 Binance gains first Southeast Asian license from Thailand
Thailand's Securities and Exchange Commission on Friday approved a joint venture between Binance and Gulf Energy Development to operate a digital asset exchange and brokerage, granting the cryptocurrency giant its first license in Southeast Asia.
Operations will launch in the fourth quarter of 2023 as a 51-49 joint venture between Gulf Innova and Binance. The former is the fintech arm of Gulf Energy, one of Thailand's largest private power producers, which invested $20 million for a 0.4% stake in Binance's U.S. operation.
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🔋 Google updates its privacy policy to allow data scraping for AI training
The update to the company’s privacy policy came on July 1 and can be compared to previous versions of the policy via a link published on the site’s update page.
In the latest version, changes can be seen that include the addition of Google’s AI models, Bard and Cloud AI capabilities, to the services it may train by using “information that’s publicly available online” or from “other public sources.”
The policy update infers that Google is now making it clear to the public and its users that anything that is publicly uploaded online could be used in its training processes with the current and future AI systems it develops.
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🔥 $4.2 trillion asset manager Fidelity officially files for spot Bitcoin ETF.
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🔋 Google says its next AI ‘Gemini’ will be more powerful than ChatGPT
Google’s artificial intelligence (AI) subsidiary DeepMind said the company’s forthcoming AI system will be “more capable” than OpenAI’s ChatGPT.
According to a report from Wired, Demis Hassabis, the CEO of DeepMind, says the company’s Gemini AI is a large language model (LLM) that utilizes text similar to ChatGPT’s processes but will be equipped with new capabilities like planning or problem-solving.
The system will be based on technology and techniques used in AlphaGo, an early AI system developed by DeepMind in 2016.
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😀 Binance reverses decision to delist privacy coins in Europe.
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⚡️ Charles Schwab, Citadel-backed crypto exchange goes live today.
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🇫🇷 Binance, the world’s leading cryptocurrency exchange, under investigation in France.
🇳🇱 Binance to Quit Netherlands After Failing to Acquire License.
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🇺🇸 US inflation falls to 4%, lower than expectations.
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⚒ A solo Bitcoin miner with only 17TH won a block reward worth 6.25 BTC ($160 000).
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🥶 SEC files motion to freeze cryptocurrency held by Binance US.
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🍏 Apple unveils "Vision Pro" AR/VR headset, priced at $3 499.
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🕰 Celebrating Bitcoin reaching $111 all-time high back in 2013.
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💲 USDT Reaches All-Time High, Surpasses Previous Market Cap High of $83.2B.
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🇦🇪 UAE central bank issues AML/CTF guidance for dealing with virtual assets.
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😀 Buying a bank won’t solve crypto’s debanking issue: Binance CEO
Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.
The collapse of several United States banks this year has prompted concerns that the pool of crypto-friendly banks is shrinking. former key banking partners, Silvergate, Silicon Valley Bank, and Signature Bank have all capitulated this year.
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🧠 Elon Musk's Neuralink receives FDA approval to launch an in-human brain chip.
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