A federal court in Brooklyn has sentenced former investment banker Rashawn Russell to 41 months in prison for his involvement in a cryptocurrency fraud scheme and identity theft. Investors suffered losses of approximately $1.5 million, which Russell must now repay.
TSMC's U.S. operations are set to receive a $6.6 billion grant for constructing facilities in Arizona, along with an additional $5 billion in low-interest government loans. The company aims to launch the production of 2-nanometer technology chips by 2028.
Goldman Sachs' asset management investment chief, Sharmin Mossavar-Rahmani, revealed the bank's decision against introducing crypto services, attributing this to client disinterest and the challenge of assessing Bitcoin's genuine value.
The Texas-based clothing company Beba and the DeFi Education Fund (DEF) have filed a lawsuit to challenge the SEC's classification of airdropped BEBA tokens as investment contracts (securities).
Despite considerable trading activity and appeals from some prominent clients, Vanguard, the asset management company, persists in its refusal to add Bitcoin ETFs to its investment product lineup.
The Chinese government has launched a specialized investment fund dedicated to supporting local development and manufacturing of chips, including those designed for artificial intelligence. Since its official establishment on May 24, the fund has attracted over $47.5 billion in investments.
Michael Busella and Steve Lee, with storied careers at Goldman Sachs and BlockTower, introduce Neoclassic Capital, an investment company targeting the digital asset landscape. Their strategic focus spans tokenization to gaming and social networks, covering a broad spectrum from emerging startups to established public firms.
Bitwise, an investment company, has thrown its hat into the ring with an application for a spot Ethereum ETF, aligning itself with industry heavyweights such as BlackRock, Grayscale, Fidelity, VanEck, and Ark/21Shares.
The Biden administration has officially announced direct government investments into Intel, aimed at bolstering chip manufacturing in the United States. This initiative is set to reinstate America's dominance in the semiconductor industry and enhance its standing in the field of artificial intelligence, with the investment totaling up to $8.5 billion.
Coinbase CEO Brian Armstrong has acknowledged the need for increased investment in the platform's infrastructure, as some users have encountered issues during significant market fluctuations. For example, at the end of February, they experienced difficulties executing trades as the price of Bitcoin surged drastically.
American spot Bitcoin ETFs are set to become accessible to Indian users through the Mudrex cryptocurrency investment platform, backed by the venture capital fund Y Combinator. Initially, only the four most popular ETFs from BlackRock, Fidelity, Franklin Templeton, and Vanguard will be offered for sale.
