Author: American Coins & Gold

The Enablers of Decentralized AI
AI naturally evolves as an increasingly centralized technology, and any decentralization efforts are an uphill battle. But decentralization can win in specific areas of AI development, says Jesus Rodriguez, CEO of IntoTheBlock.

Coinbase Loses Most of Motion to Dismiss SEC Lawsuit
A federal judge ruled the U.S. Securities and Exchange Commission (SEC) brought enough of a case arguing that Coinbase is operating an unregistered broker, exchange and clearinghouse that its suit against the crypto trading company should move forward.

KuCoin Withdrawals Spike to B in Crypto Amid U.S. Regulatory Clampdown
The surge occurred as U.S. federal prosecutors charged the exchange and two of its founders with violating anti-money laundering laws on Tuesday.

Hopes for Another DeFi Summer Soar as TradFi Markets Suddenly Look Less Appealing
Since the approval of spot bitcoin ETFs in January, DeFi looks ascendant, triggering memories of 2020, aka DeFi Summer, when the space bustled with activity.

21Shares Lists ETP for Staking Telegram-Endorsed Token TON
The 21Shares Toncoin Staking ETP (TONN) listed on Swiss SIX Exchange on Wednesday.

Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint
Crypto technology firm Katena Computing didn’t trick miner Coinmint into a $150 million purchase agreement, a panel of arbitrators ruled last month in the mining company’s suit against Katena and a semiconductor company called DX Corr.

Bitcoin Mining Was More Profitable in February Than January: Jefferies
Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said.

First Mover Americas: HSBC’s Gold Token Introduced in HK
The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Illicit Funds in Crypto Ecosystem Shrank 9% Last Year, Yet Criminals Still Handled Nearly B: TRM Labs
Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled over $34 billion worth of cryptocurrencies, Blockchain analytics firm TRM Labs has found.

Diamonds Arrive on a Blockchain With New Tokenized Fund on Avalanche Network
The tokenization of real-world assets – or placing traditional assets onto blockchain rails – is a growing trend in crypto with global financial giants entering the space.