Intuit introduces proprietary large language models for fintech with GenOS
Intuit is launching an operating system for generative artificial intelligence that will feature AI models trained on the company’s financial data.
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Binance.US halts trading for dozens of USDT, BTC, BUSD pairs amid SEC lawsuit
Binance’s arm in the United States suspended its OTC trading platform and reduced the number of supported convert trading pairs.
ARK Invest buys Coinbase shares the same day SEC serves lawsuit
ARK Invest bought over 400,000 shares of Coinbase stock totaling more than $21 million on the day the SEC served the exchange with a lawsuit.
SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’
One of the latest SEC filings in its lawsuit against Binance says billions in customer funds are at the “mercy” of Binance CEO Changpeng Zhao.
Sequoia Capital announces three-way split to separate China business
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.
US lawmakers blame crypto firms for ‘tax gap’ in letter to Treasury
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, two members of Congress raised concerns about the tax compliance practices in crypto.
Pro-XRP attorney’s phone hacked to promote LAW token
Lawyer John Deaton alerted followers via his daughter’s account, urging people to report the hack as the XRP community responded, spreading awareness.
US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto.
CFTC commissioner says proposal to reassess risk management could consider crypto
Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.
Fed board issues order to Silvergate Bank as part of self-liquidation plan
Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements.
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