Top House Democrats have launched an inquiry into President Donald Trump’s crypto ventures, citing concerns over potentially illegal fundraising, foreign influence, and abuse of political power. In line with this, they have requested all suspicious activity reports (SARs) connected to Trump’s fundraising efforts. The Allegations In a letter to Treasury Secretary Scott Bessent, Democrats Gerald…
Donald Trump’s jaunt to the Middle East featured an entourage of billionaire tech bros, a fighter-jet escort, and business deals designed to reshape the global landscape of artificial intelligence. On the final stop of the tour in Abu Dhabi, the US President announced that unnamed US companies would partner with the United Arab Emirates to…
U.S. stocks closed mixed Thursday, with the S&P 500 rising 0.4% to log a fourth straight day of gains, while the Dow Jones Industrial Average climbed more than 250 points. The Nasdaq Composite dipped 0.2%, breaking its six-day winning streak. Markets were buoyed by signs of easing trade tensions after the U.S. and China agreed…
The world’s largest crypto exchange platform by volume is adding support for a new decentralized gaming altcoin, launching a price explosion. In a new announcement, Binance says it’s adding support for Nexpace (NXPC), a recently launched blockchain-based gaming ecosystem associated with the popular South Korean MMORPG (massively multiplayer online role-playing game) MapleStory. “Binance is excited…
On Thursday, Windsurf, a startup that develops popular AI tools for software engineers, announced the launch of its first family of AI software engineering models, or SWE-1 for short. The startup says it trained its new family of AI models — SWE-1, SWE-1-lite, and SWE-1-mini — to be optimized for the “entire software engineering process,”…
Wintermute, a global algorithmic crypto trading firm and over-the-counter (OTC) desk, opened its U.S. headquarters in New York City on May 15, 2025, and appointed former Blockchain Association lobbyist Ron Hammond as head of policy and advocacy. Crypto Liquidity Provider Wintermute Sets Up New York Headquarters According to the announcement shared with Bitcoin.com News, Wintermute’s…
Key Takeaways A judge rejected a proposed settlement that would have reduced Ripple’s penalty from $125 million to $50 million. Judge Analisa Torres emphasized that parties must show exceptional circumstances to vacate a final judgment. Share this article A federal judge has denied a joint request by the SEC and Ripple Labs to approve a…
Plaintiffs in the landmark Kadrey v. Meta case have already submitted the U.S. Copyright Office’s controversial AI report as evidence in their copyright infringement suit against the tech giant. Last Friday, the Copyright Office quietly released a “pre-publication version” of its views on the use of copyrighted works to train generative AI models. The consequential…
In a recent operation, Europol, the European Union’s law enforcement agency, dismantled a transcontinental crypto laundering syndicate that laundered at least €21 million ($23.5 million) of illegal funds across Europe, China, and the Middle East. On 13 May 2025, Spain’s National Police carried out simultaneous raids in cooperation with Europol and Eurojust in six Spanish…
Following DFSA approval in March, Ripple is preparing to enhance cross-border payments along a $400 billion route in the UAE, leveraging its strong customer base in the Middle East. The company views its high-level engagements as pivotal for expanding its influence in the region’s rapidly growing digital economy. Monica Long, President of Ripple, met with…
