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Japan may not be able to reach a trade agreement with the United States by the end of July.

Blockchain investment firm Coinsilium raises £1.25 million to launch Bitcoin financial strategy According to Bitcoin Magazine, blockchain investment company Coinsilium Group announced the completion of £1.25 million of institutional financing and the simultaneous launch of a £250,000 retail fundraising plan to advance its Bitcoin reserve strategy. The private placement was priced at 3 pence per share, and the oversubscribed funds will be injected into its wholly-owned subsidiary Forza (Gibraltar) Limited as the operating entity. Malcolm Palle, the company's executive chairman, said that the financing will accelerate the implementation of the Bitcoin reserve plan. At the same time, Oak Securities was appointed as a joint broker to strengthen the capital market operation capabilities. The newly issued shares are expected to be listed on the Aquis Growth Market on May 22, and the total share capital will reach 274.7 million shares after completion. Board member James Van Straten emphasized that the company is fully focused on the Bitcoin reserve strategy, and the fundraising includes an arrangement to use 6.56 million common shares to offset £196,800 in service fees.

The US District Court for the Southern District of New York has thrown out a joint bid by Ripple Labs and the Securities and Exchange Commission (SEC) seeking to alter a previous judgment. Among the other thorny issues is a significant reduction in Ripple’s civil penalty that the courts must consider. District Judge Analisa Torres issued the ruling, and this means that the existing injunction against Ripple and the original $125 million penalty remain in place for now. The request by the two parties is a culmination of a purported settlement agreement which was made earlier this month between Ripple and the SEC aimed at resolving their longstanding legal battle, which is currently under appeal in the Second Circuit. According to the proposed terms of the agreement between the two, the parties asked the court for an indicative ruling that would dissolve an injunction barring Ripple’s unlawful offer and sale of securities. Additionally, the agreement also toyed with the idea of slashing the previously imposed penalty of $125 million to $50 million, representing a 60% reduction. The legal battle started in 2020 when the SEC accused Ripple and its executives of carrying out an illegal offer and sale of securities. Reports indicate that in July 2023, Judge Torres discovered that Ripple had indeed carried out the offense; offered and sold unregistered securities, subsequently violating Section 5 of the Securities Act. As a result, the court entered a final judgment in August last year, admonishing Ripple from such activities as well as ordering the payment of a substantial civil penalty. Ripple was asked to pay 111% of the penalty amount into an interest-bearing account pending appeals filed by both parties. According to today’s order, Judge Torres indicated that while both SEC and Ripple framed their requests as a “settlement approval,” the substance of their motion was a request to leave huge portions of the final judgment. Judge Torres found this procedural approach “inapposite.” In a post on the X platform, Ripple’s chief legal officer Stuart Alderoty emphasized that the ruling was not about the case’s outcome but about technical legal steps that are related to Ripple’s cross-appeal. “Nothing in today’s order changes Ripple’s wins (i.e., XRP is not a security, etc),” wrote Alderoty. “This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together.” Alderoty. Alderoty’s comments spell a mix of relief and hope about the case, that the ruling was merely based on procedural concerns and that the case could reach a conclusion soon. In the ruling, Judge Torres also explained that the relief from a final judgment is governed by Federal Rule of Civil Procedure 60, and this requires a showing of “exceptional circumstances. The Order states that: “The parties have made no effort to satisfy that burden here; their request does not even mention the rule.” Resultantly, Judge Torres settled that if the court had jurisdiction (which it currently does not, due to the ongoing appeal), the motion would be denied as “procedurally improper.” As such, the motion for an indicative ruling was rejected. The ruling drew mixed reactions from enthusiasts following the case and updates on the X platform . “The meaning here is that the parties didn’t request relief under the right rule of civil procedure. So they will refile it under the correct rule but, me reading between the lines, is that Ripple and the SEC need to get on all fours and beg for relief.” Fred Rispoli. Others expressed frustration at the procedural misstep, with one user identified as Crypto_Owl saying: “How did you guys screw this up?? You fight for 5 years and spend a few hundred million dollars and get denied due to improper procedure!!” Following the ruling, the XRP price went down 4.68%. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Today, the San Francisco division of the FBI warned the public to be aware of the increasingly AI-generated voice scams. Cybercriminals reportedly use AI tools for phishing attacks and voice cloning scams. The FBI warned against using voice deepfakes to target U.S. officials at the RSA cybersecurity conference at the Moscone Centre in San Francisco. According to the agency, the warning aims to provide mitigation measures to help the public spot and block attacks using voice deepfakes. Bad actors have impersonated senior US officials to target individuals, many current or former government officials. A statement from the FBI cautioned the public not to assume messages that claim to be from a senior US official are authentic. FBI clarified that malicious actors used smishing and vishing techniques to send messages and an AI-generated voice. The impersonators, disguised as senior US officials, tried to create a good relationship with the victims before gaining valuable personal information. According to the statement, the malicious actors accessed U.S officials’ accounts through social engineering. The hackers sent out malicious links disguised as links designed to move conversations to another messaging platform. Today’s press release follows a 2021 FBI Private Industry Notification PIN that warned against deepfakes , which are widely used in foreign influence and cybercrime. The FBI believed that recent attacks are increasingly sophisticated and, therefore, pose a real threat to Americans. The FBI urged the public and businesses to stay vigilant and reduce the risk of AI phishing and video or voice cloning. The Agency told the public to be aware of urgent messages asking for money or credentials. It added that businesses should explore multiple technical solutions to reduce the number of phishing and social engineering emails targeted at employees. “As technology continues to evolve, so do cybercriminals’ tactics. Attackers are leveraging AI to craft highly convincing voice or video messages and emails to enable fraud schemes against individuals and businesses alike. These sophisticated tactics can result in devastating financial losses, reputational damage, and compromise of sensitive data.” – Robert Tripp, FBI Special Agent in Charge The FBI urged businesses to combine technology with regular employee education about the dangers of phishing and social engineering attacks. The agency added that the use of Multifactor Authentication solutions added extra layers of security and made it more difficult for cybercriminals to gain unauthorized access to accounts and systems. In April 2024, the U.S. Department of Health and Human Services revealed that cybercriminals targeted IT helpdesk assistants in social engineering using AI-generated voice impersonation to deceive targets and obtain personal identifying information. LastPass CEO Karim Toubba was also a victim of the same attacks. He revealed last year that one of his employees was targeted in a voice phishing attack. Europol warned in 2022 that cybergroups would soon use deepfakes to target CEOs, the creation of non-consensual pornographic materials, and evidence tampering. A report from Deloitte predicted that fraud losses in the U.S. may reach $40 billion by 2027 as generative AI helps fraudsters. Deloitte revealed that fraud losses increased from the $12.3 billion predicted in 2023. Accenture’s survey of 600 cybersecurity executives at banks also revealed that 80% of the respondents believed generative AI improved hackers’ abilities faster than banks could cope. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

Polymarket’s prediction of Dogecoin reaching above $0.24 is coming to an end tomorrow, with only 13% believing it will happen. Curiously, if we look at the chart on how the prediction went, from its start on May 10 and onwards, it was constantly dropping. At one point a few days ago, it stood at a sizable 65%. Currently, DOGE is priced at $0.2265, which is just slightly above the targeted price, but it’s probable that it won’t reach the allotted number by tomorrow. Dogecoin rose about 23% in the last 7 days, with a significant surge in network activity this week. For instance, two days ago, Glassnode data indicated that active Dogecoin addresses have increased by over 500%, rising from approximately 74,600 to 469,400. This spike in activity coincides with heightened interest from large investors, as evidenced by a 41.12% increase in large transaction volumes. Additionally, open interest in DOGE futures has climbed to $1.65 billion, suggesting that traders are positioning themselves for potential price movements. There are various reasons for the ongoing developments, with arguably the most noteworthy being the SEC’s acknowledgment of multiple Dogecoin ETF applications, including one from 21Shares. While approval is not guaranteed, the mere consideration of these ETFs is a notable step and enough to improve the investor confidence in DOGE’s legitimacy and future prospects. DOGE will always be seen as the cryptocurrency that started the meme coin craze, but despite its nature, it became a legitimate investment prospect for many over time. This is especially true when it comes to ETFs, as 21Shares isn’t the only one. Case in point: two months ago, Bitwise Asset Management filed for a Dogecoin ETF, with Coinbase Custody managing the DOGE holdings and the Bank of New York Mellon overseeing cash assets. Then, there were similar filings by Grayscale and Rex Shares. Also, technical indicators, such as the Relative Strength Index (RSI), suggest that DOGE is approaching overbought territory, which could lead to a price correction if buying pressure diminishes. Currently, Dogecoin’s RSI is approximately 63, with the overbought threshold being 70. With the technical indicators, the combination of increased network activity, institutional interest, and the possibility of ETF approval, there could be a bullish backdrop for Dogecoin. However, as always, caution is advised. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.