Rosbank, one of the Russian Federation’s most important financial institutions, is set to become the first major bank to offer cross-border transactions in cryptocurrency, according to reporting from the Russian business journal Vedomosti. The bank emphasized that these transactions are in strict compliance with existing legislative requirements, the Central Bank’s guidelines, and the bank’s own…
Kakarot zkEVM secures backing from StarkWare, Vitalik Buterin in pre-seed round
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China publishes national blockchain standard
China’s Ministry of Industry and Information Technology (MIIT) has published a national standard for blockchain technology to guide the development of the industry in the country, a state-run news channel CGTN reported on June 2. The guideline reportedly standardizes the blockchain system’s functional architecture and core elements, serving as a reference to better understand and…
Japanese regulators warn OpenAI against collecting sensitive data
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Coinbase Derivatives Exchange unveils Bitcoin and Ethereum futures
Coinbase Derivatives Exchange will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts for institutional traders on June 5, according to a June 1 statement. The exchange said its decision to launch these new contracts was influenced by the increasing institutional interest and demand for advanced derivatives products after the success of its nano BTC and…
Silvergate to submit shutdown plan in coming days after Federal Reserve order
The Federal Reserve Board said June 1 that it issued a consent order to the crypto-friendly bank Silvergate, instructing it to wind down operations. Must protect depositors Silvergate Capital Corporation and Silvergate Bank must submit a shutdown plan to supervising agencies within ten days of the June 1 order. Silvergate must then adopt its plan…
Elon Musk’s Twitter-to-Doge logo switch raised as evidence in lawsuit
New facts and evidence concerning Elon Musk’s crypto trading and promotional activity were highlighted in an amended legal case on May 31. The latest filing brings forward new evidence of Musk’s alleged market manipulation. Twitter logo stunt highlighted Plaintiffs note in the filing that Musk briefly replaced Twitter’s bird logo with the Dogecoin logo. This…
Google, Microsoft invest in AI startups as battle for dominance heats up
In an escalating battle for market share in the AI sector, Google and Microsoft have made new strategic startup investments as they vie for dominance. Google invests in Runway The Information reported June 1 that Google had invested in Runway, an AI startup acclaimed for its text-to-video tool, as part of a $100 million funding…
Daily CEX crypto trade volume sinks to lows last seen in 2020
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Bitcoin Magazine Ventures launches Bitcoin Ecosystem Fund with Sora Ventures’ support
Bitcoin Magazine Ventures, managed by David Bailey and Tyler Evans, is launching the world’s first Bitcoin Ecosystem Fund. The venture capital fund, dedicated exclusively to investing in the Bitcoin ecosystem, is raising $30 million and is already oversubscribed by $90 million, according to internal sources shared with CryptoSlate. The new fund emphasizes the growth of…