The executive, once instrumental to the company’s NFT efforts, was “terminated” amid lackluster Q1 earnings. GameStop has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs).According to a June 7 statement, Furlong was terminated, while Ryan Cohen — a billionaire investor held in high esteem by memestock…Read More

One judge has ruled on a key crypto case of late, while the other has ruled on high-profile political cases in the United States in recent times. Court filings have revealed the names of the two United States District Court Judges that will preside over the Coinbase and Binance lawsuits brought against them by the…Read More

Commonwealth Bank executive James Roberts cited a huge scale of “investment scams” involving crypto exchanges. Update (June 8 and 7:00 am UTC): This article has been updated to include comment from a CBA spokesperson.Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing…Read More

South Korean prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes more sense but adds that the Terraform Labs co-founder could also serve time in the United States as well. Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior…Read More

While a federal judge dismissed the lawsuit last year, U.S. District Judge Michael Fitzgerald has given the plaintiffs a new chance at pursuing action against the celebrities. Celebrity defendants Kim Kardashian and Floyd Mayweather are back on the hook for a class action lawsuit that alleges their improper promotion of the now-defunct crypto token EthereumMax…Read More

Monthly trading volumes on centralized exchanges continued to fall in May as regulators tighten their grip on the industry. Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers.According to a June 7 report from crypto analytics firm CCData,…Read More

Speaking in a Twitter Space hosted by Coinbase on June 7, Ryan Selkis praised the new crypto bill for providing new firms with a clear path to compliance. Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a “10x improvement” on all other crypto bills introduced to the United…Read More

Years before serving as head of the Securities and Exchange Commission, Gary Gensler offered up his advisory services to Binance, the exchange’s lawyers allege. United States Securities and Commission Chair Gary Gensler once offered to serve as an adviser to Binance, lawyers representing the crypto exchange and its founder Changpeng Zhao have alleged.According to a…Read More

When Cumberland Labs looked for a gateway between blockchains and DeFi protocols, it came up with its own universal API service. Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland, has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance…Read More

Intuit is launching an operating system for generative artificial intelligence that will feature AI models trained on the company’s financial data. Fintech giant Intuit, whose product offerings include TurboTax, Mint, Credit Karma, Mailchimp and QuickBooks, recently expanded its software services platform to include GenOS, an operating system for generative artificial intelligence (AI) technologies. According to Intuit,…Read More