Crypto

Bold Technologies and My Aion unveiled plans to develop a $2.5 billion AI-powered platform that will debut in Abu Dhabi, United Arab Emirates. Abu Dhabi-based Bold Technologies, a subsidiary of conglomerate Bold Holdings, has partnered with international artificial intelligence company My Aion to launch a $2.5 billion smart-city initiative aimed at transforming urban infrastructure through AI. The companies announced the development of a platform called Aion Sentia Cognitive City, which manages complex urban systems. The platform will be powered by Maia, an AI core engine developed by My Aion, and aims to optimize and manage systems across mobility, energy, education, healthcare and digital services.  My Aion CEO Daniele Marinelli said the AI will know the user well enough to “recommend the perfect place for your anniversary dinner and book it for you without you lifting a finger.” Read more

UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives. Join hosts TylerD, Deeze, Geebz and Peter Jennings as they have longer conversations on the hottest sectors in crypto and NFTs, what is moving markets and what they’re buying and selling. Streaming live every Tuesday from 12:00 PM EST to 1:00 PM EST on YouTube and X. LIVE AUDIO SPACE - https://x.com/i/spaces/1ZkKzYOEazLxv Links: https://www.rug.fm/ https://x.com/rugradio https://linktr.ee/rugradio Hosts: https://twitter.com/deeze https://twitter.com/CSURAM88 https://twitter.com/artgeebz https://twitter.com/tyler_did_it Myriad: https://myriad.markets https://x.com/MyriadMarkets https://www.instagram.com/myriadmarkets #bitcoin #crypto #podcast

Texas lawmakers voted 105-23 to advance Senate Bill 21, a crypto reserve measure that could influence the state’s approach to digital assets.

Australia’s corporate regulator is seeking High Court clarity on how crypto yield products should be regulated under financial law.

Google’s demo of the Android XR showed off features including livestreaming, photo capture, and Google Maps virtual display.

An American tourist has lost more than $123,000 in crypto after being drugged and abducted by a fake Uber driver in London’s West End.

The SEC alleges Unicoin misled over 5,000 investors in a $100 million crypto offering with false claims about asset backing and registration.

Eric Adams told a crypto conference that he wants to make New York City the “crypto capital of the globe” and will make policy recommendations in the coming weeks. New York City Mayor Eric Adams says he will create a digital advisory council to attract jobs and investment to the Big Apple and position it as the “crypto capital of the globe.” “This is not about chasing memes or trends,” Adams told the inaugural New York City Crypto Summit on May 20. “We want to use the technology of tomorrow to better serve New Yorkers today.” “We have experts right here, and they are going to help us navigate solutions that serve our city,” he added. “The age of tokenization, which includes crypto and blockchain and other fintech innovations, that age is here, and we’re going to continue to move forward with it.” Read more

Unicoin’s CEO announced last month that he’d rejected the SEC’s offer to negotiate a settlement.

The SEC alleged thousands of investors were drawn by “fictitious promises” that Uniconi's crypto assets were backed by real-world assets. The US Securities and Exchange Commission has charged crypto platform Unicoin and three of its executives, alleging they made false and misleading statements about its crypto assets that raised $100 million from investors. The SEC said on May 20 that it charged Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez with misleading investors about certificates that conveyed rights to receive Unicoin tokens and stock. Mark Cave, associate director in the SEC’s Division of Enforcement, claimed the trio “exploited thousands of investors with fictitious promises that its tokens, when issued, would be backed by real-world assets including an international portfolio of valuable real estate holdings.”  Read more

Strive said it is looking to acquire 75,000 Bitcoin from claims tied to Mt. Gox to buy the cryptocurrency at a discount. Vivek Ramaswamy’s Strive is looking to build its Bitcoin holdings by purchasing distressed Bitcoin claims at a discount, starting with claims tied to 75,000 Bitcoin at the bankrupt crypto exchange Mt. Gox. Strive said in a May 20 regulatory filing that it partnered with 117 Castell Advisory Group LLC to target claims to Bitcoin (BTC) that have received definitive legal rulings but are still awaiting distribution. The company said buying the claims would allow it to purchase Bitcoin at a discount and grow its Bitcoin per share ratio ahead of its planned reverse merger with Asset Entities — which is expected to be completed sometime mid this year. Read more

Google's SynthID Detector scans media for watermarks to expose AI-generated content as its use becomes widespread in the classroom.

Moscow’s AML agency has warned Russians that crypto exchanges and brokers operating in the country are providing police with transaction data. The post AML Agency Tells Russians: Crypto Exchanges Send Us Your Transaction Data appeared first on Cryptonews.

Ethereum (ETH) co-founder Jeffrey Wilcke transferred approximately $262 million worth of ETH to a wallet labeled as a Kraken deposit address on May 20, according to on-chain data.  The transfer of 105,736 ETH emptied nearly all of Wilcke’s holdings, leaving just 268.73 ETH in his wallet. Subsequent withdrawals from the exchange suggest that this could be Wilcke […] The post Ethereum co-founder Jeffrey Wilcke transfers $262M in ETH to Kraken, causing community speculation appeared first on CryptoSlate.

The Argentine government has dismantled the body tasked with investigating the Libra cryptocurrency launched by President Javier Milei.

The funds are part of a wave of altcoin-based investment products proposed by issuers in recent months.

Robinhood has submitted a detailed proposal to the US Securities and Exchange Commission (SEC), calling for the creation of a federal framework to regulate tokenized real-world assets (RWAs), which represent a potential $30 trillion market, Forbes reported on May 20. The 42-page filing outlines a legal infrastructure that would allow digital tokens representing traditional financial […] The post Robinhood calls on SEC to establish unified regulatory framework for tokenized RWAs appeared first on CryptoSlate.

Apex Group said it plans to fold Tokeny’s team and tech into its services as it pushes tokenized finance to the mainstream.

Nvidia CEO Jensen Huang shared a bold vision of the future this week, envisioning data centers turning into collaborative "AI factories."

Members of Congress have pressed SEC chair Paul Atkins on why the agency has paused its fraud case against Justin Sun while the crypto figure backs a Trump-linked meme coin, asking if political ties are at play. Atkins has said the inquiry remains active and promised clearer crypto rules ahead. The post SEC Chair Grilled Over Trump Meme Coin and Justin Sun’s $75M Ties – Is Crypto Regulation About to Shift? appeared first on Cryptonews.