iOS 17 was unveiled at the Worldwide Developers Conference 2023 by Apple alongside many other products and devices. Apple also introduced a new developer toolkit that will help developers familiarise people with their mobile apps by displaying how-to guides. Developers would usually create their own introductory or tutorial-type sessions or rely on those offered by a third party. They will now have the choice of a native solution on iOS platforms. Software updates iPadOS 17, macOS Sonoma, watchOS 10, and tvOS 17 were also introduced at the WWDC 2023.
According to Apple, the new TipKit tool will contain templates similar to what users are currently used to sharing in system apps. These will be customisable to reflect the developer’s own app’s look and feel. Furthermore, Apple claims that developers would be able to customise when and when their tips appear. That is, the advice does not have to be limited to onboarding. Tips might also be introduced as users start learning a new portion of the app, or they could be set up to be activated by specific rules.
With the ToolKit, developers would be able to avoid bothering users who are familiar with recommendations, such as those who had already found how specific features in the application functioned.
Developers might also specify when a tip should be displayed, such as after a user has visited a specific app section or utilised a specific function several times. As the user continues to learn about the app, the developers could provide them with a tip that might help them make use of advanced features or lead them to an undiscovered feature.
Apple will use TipKit to add native tips to its own apps, such as FaceTime, Photos, and iMessages, in iOS 17. This will assist in guiding users and eliminate misunderstandings by making seeing tips a more standard experience across the platform.
Apple unveiled its first mixed reality headset, the Apple Vision Pro, at its annual developer conference, along with new Mac models and upcoming software updates. We discuss all the most important announcements made by the company at WWDC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Spotify CEO Daniel Ek announced that the app is officially testing an offline playlist dictated by the users’ recently played favourites. The company first spoke about an offline mix playlist in 2020 but nothing tangible came of it immediately. But it is clear now that the development was in the works behind the screen and it is finally coming to fruition now. Several users claimed on social media to already have access to the feature. It is still unclear whether the Spotify offline mix feature will be free for users or will be a Premium access feature.
Ek tweeted the announcement, where he wrote that Spotify was “testing out a new feature called “Your Offline Mix” — a playlist designed for those times when you might not be online.” A screengrab shared alongside the tweet showed the test feature with a playlist worth multiple hours worth of music.
The application currently allows users to manually download playlists for offline playback. But the “offline mix” feature will draw music from the users’ recently played favourite music while still online, with no manual intervention required for the playlist creation.
Spotify, with over 500 million worldwide users, is competing against Google-owned YouTube Music, which already flaunts an “Offline mixtape” feature. With the “Smart download” option turned on, the YouTube app allows users to automatically download up to 500 songs in different playlists.
Recently, Spotify also removed several songs published by AI music company, Boomy, which was putting up computer-generated music, and impersonating artists without any license or consent. Universal Music contacted Spotify, noting that AI bots could have been used to increase the number of listeners to Boomy’s songs, potentially bringing in a lot of money for the uploaders of the duplicated content.
Apple unveiled its first mixed reality headset, the Apple Vision Pro, at its annual developer conference, along with new Mac models and upcoming software updates. We discuss all the most important announcements made by the company at WWDC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Samsung Galaxy S22 is now being offered in India at a discounted price. The phone was launched in the country in February 2022, starting at a price of Rs. 72,999. The handset is powered by a 4nm octa-core Snapdragon 8 Gen 1 SoC and packs a 3,700mAh battery that supports up to 25W wired and 15W wireless charging. The phone is offered in two storage variants and is available in five colour options. It is also equipped with a triple rear camera unit.
Samsung Galaxy S22 price in India
The company permanently slashed Rs. 8,000 off the price of the base 8GB RAM + 128GB storage variant of the Samsung Galaxy S22, which brings the price down to Rs. 64,999 from the launch price of Rs. 72,999. Samsung India is also extending an Rs. 7,000 upgrade bonus to customers who are upgrading to the model from any of its preceding smartphones. This brings the price of the model down to Rs. 57,999.
Buyers in India can now buy the base Samsung S22 model for as less as Rs. 54,999 with a bank cashback offer of Rs. 3,000. The phone is available for purchase on the Samsung India website, Amazon, and select retail stores across the country.
The phone is also available in an 8GB RAM + 256GB storage variant and is offered in five colour options — Bora Purple, Green, Phantom Black, Phantom White and Pink Gold.
Samsung Galaxy S22 specifications, features
Sporting a 6.1-inch full-HD+ Dynamic AMOLED 2X display, the Samsung Galaxy S22 comes with a refresh rate of up to 120Hz and Gorilla Glass Victus+ protection. The dual nano SIM-supported smartphone runs Android 12-based One UI 4.1 out-of-the-box.
The handset is powered by a 4nm octa-core Snapdragon 8 Gen 1 SoC paired with 8GB of RAM and up to 256GB of inbuilt storage. The triple rear camera unit of the Samsung Galaxy S22 includes a 50-megapixel primary sensor with optical image stabilisation (OIS), a 12-megapixel sensor with an ultra-wide shooter and a 10-megapixel sensor with a telephoto lens. The centre-aligned punch-hole slot at the top of the display is equipped with a 10-megapixel selfie camera sensor.
The Samsung Galaxy S22 packs a 3,700mAh battery with 25W wired and 15W wireless charging support. The 5G, 4G LTE, Wi-Fi 6, Bluetooth v5.2, GPS/ A-GPS, and USB Type-C connectivity. It comes with an IP68 rating for dust and water resistance. For security, it has an in-display fingerprint sensor. Weighing 168 grams, the Galaxy S22 measures 146mm x 70.6mm x 7.6mm in size.
The Motorola Edge 40 recently made its debut in the country as the successor to the Edge 30 that was launched last year. Should you buy this phone instead of the Nothing Phone 1 or the Realme Pro+? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million (roughly Rs. 41 crore), company owner Elon Musk said on Friday.
“Note, the creator must be verified and only ads served to verified users count,” Musk, the billionaire who bought Twitter last October, said in a tweet.
Since Tesla CEO Musk acquired Twitter, the platform has struggled to retain advertisers, who have been wary about the placement of their ads after the company laid off thousands of employees.
The move comes as Twitter’s newly named CEO, Linda Yaccarino, an advertising veteran from NBCUniversal, is about to take the helm at the social media platform.
In March, Musk said that the messaging service makes about 5 or 6 cents per hour of attention from users and could raise that to 15 cents or more with advertisements that are more relevant and timely.
Meanwhile, Twitter alongside Meta Platforms‘ Instagram, Alphabet‘s YouTube, and TikTok could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets.
US regulators suing crypto platforms Coinbase and Binance, along with last year’s collapse of FTX, have sparked concerns over consumer protection related to crypto assets such as Bitcoin and ether.
The European Union last month adopted the world’s first comprehensive set of rules for cryptoasset regulation (MiCa).
BEUC in its complaint filed on Thursday said the proliferation of misleading advertisements of crypto assets on the social media platforms is an unfair commercial practice as it exposes consumers to serious harm such as the loss of significant amounts of money.
Apple unveiled its first mixed reality headset, the Apple Vision Pro, at its annual developer conference, along with new Mac models and upcoming software updates. We discuss all the most important announcements made by the company at WWDC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Apple and Amazon.com must face a consumer antitrust lawsuit in US court accusing them of conspiring to artificially inflate the price of iPhones and iPads sold on Amazon’s platform, a federal judge in Seattle ruled on Thursday.
In his ruling, US District Judge John Coughenour rejected bids from Apple and Amazon to dismiss the prospective class action on various legal grounds.
Coughenour said the “validity” of the relevant market, a central issue in antitrust litigation, was a question for a jury.
The lawsuit, filed in November, is among several private and government actions challenging Amazon’s online price practices. Coughenour’s ruling means the case will move forward to evidence-gathering and other pretrial proceedings.
Lawyers for Apple and Amazon and representatives for the companies did not immediately respond to requests for comment on Friday.
Steve Berman, a lawyer for the plaintiffs, called the court’s ruling “a major win for consumers of Apple phones and iPads.”
The plaintiffs are US residents who bought new iPhones and iPads on Amazon beginning in January 2019. They contend an agreement between Apple and Amazon that went into effect that year restricted the number of competitive resellers in violation of antitrust provisions.
In 2018, according to the lawsuit, there were some 600 third-party Apple resellers on Amazon. Apple agreed to give Amazon a discount on its products if Amazon reduced the number of Apple resellers from its marketplace, the lawsuit alleged.
Apple has argued that its agreement with Amazon limited the number of authorized resellers to help minimize counterfeit Apple goods being sold on the e-commerce platform.
In a court filing, Apple’s attorneys called the agreement “commonplace” and said the “Supreme Court and Ninth Circuit have routinely recognized that such agreements are procompetitive and lawful.”
The judge in Seattle said “countervailing” motivations for the agreement between Apple and Amazon would be addressed later in the litigation.
Apple recorded $94.8 billion (nearly Rs. 7,81,500 crore) in sales in the second quarter, and Amazon reported $127.4 billion (nearly Rs. 10,508,00 crore) in its most recent quarterly earnings report.
The complaint seeks unspecified triple damages and other relief.
Apple’s annual developer conference is just around the corner. From the company’s first mixed reality headset to new software updates, we discuss all the things we’re looking forward to seeing at WWDC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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An Indian group representing Netflix, Amazon and Disney has told the government its new tobacco warning rules are impossible to implement for streaming giants and will impinge on content creators’ freedom of expression, a letter seen by Reuters showed.
As part of India’s anti-tobacco drive, the health ministry last month ordered streaming platforms to insert static health warnings during smoking scenes within three months. Also, India wants at least 50 seconds of anti-tobacco disclaimers, including an audio-visual, at the start and in the middle of each program.
The three companies, and Indian billionaire Mukesh Ambani’s streaming platform JioCinema, were recently part of a privately held discussion to consider pushback options, including a legal challenge, as executives worried that the rules would require editing of millions of hours of Indian and Hollywood content.
The amount of multilingual content on platforms “is very high … there is a practical impossibility associated with including such warnings across content,” the letter by the Internet and Mobile Association of India (IAMAI) stated.
IAMAI asked the health ministry to revisit the “onerous” rules, saying a survey had shown viewers were indifferent to depictions of smoking on streaming platforms, the letter said.
Netflix declined to comment, while IAMAI and the other companies did not immediately respond. The health ministry also did not respond.
Beyond Hollywood content, streaming companies Netflix, Amazon, Disney and JioCinema have become inreasingly popular in India. Popular Hindi content starring Bollywood actors on such platforms have smoking scenes.
Activists have welcomed India’s new rules, saying it would discourage smoking in a country where tobacco kills 1.3 million people each year.
The companies believe content descriptors — which warn users with a label “smoking” in a video alongside its title at the start — were more effective, IAMAI said.
The “disruptions” caused by warnings, the group said, were “problematic for creators that put in considerable investments.”
All smoking and alcohol drinking scenes in movies in India’s cinemas and on TV, under law, require health warnings, but there were so far no regulations for the streaming giants.
In 2013, Woody Allen stopped his film, Blue Jasmine, from being screened in India after learning that mandatory anti-tobacco warnings would be inserted into its smoking scenes.
Sanjay Seth of non-profit Sambandh Health Foundation said there should be no difference in how smoking is discouraged in cinema, and on digital platforms.
“They must implement this. It will save lives,” Seth said.
The Motorola Edge 40 recently made its debut in the country as the successor to the Edge 30 that was launched last year. Should you buy this phone instead of the Nothing Phone 1 or the Realme Pro+? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Daily US sign-ups for Netflix have jumped in the first few days after the streaming giant’s password-sharing crackdown came into effect on May 23, data from research firm Antenna showed.
The news sent shares of the company up 2.3 percent to $418.92 (nearly. Rs. 35,000) in early trading.
Looking for new ways to make money in a saturating market and a tough economy, Netflix moved to regulate the sharing of account passwords with friends and family — a drastic turnaround for a company that had once tweeted “Love is sharing a password”.
Netflix had estimated that more than a 100 million households had supplied their log-in credentials to people outside their homes. Under the new rules, US users can add a member outside of their homes for an additional fee of $8 (nearly. Rs. 650) per month.
Its calculations seem to have paid off as the company recorded nearly 1,00,000 daily sign-ups on both May 26 and May 27, according to Antenna.
Netflix, which has expanded its crackdown to more than 100 other countries, did not immediately respond to a Reuters request for comment.
The streaming video pioneer saw its four largest days of US user acquisition after the change came into effect in the 4-1/2 years that Antenna has been covering the company.
The recent spike also exceeded levels seen during the initial US COVID-19 lockdowns in March and April 2020, according to Antenna, which sources data from third-party data collectors that track online purchase receipts, credit, debit and banking data details with permissions.
Apple’s annual developer conference is just around the corner. From the company’s first mixed reality headset to new software updates, we discuss all the things we’re looking forward to seeing at WWDC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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India’s Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion (nearly Rs. 8,250 crore) IPO, two sources with direct knowledge said.
The sources said Ola, which makes electric scooters and is backed by investors such as SoftBank and Temasek, has plans to raise between $600 million (nearly Rs. 4,950 crore) and $1 billion in its initial public offering (IPO), which is planned for late 2023.
With the IPO still some way off, Ola is embarking on investor meetings earlier than usual to explain the business potential of India’s nascent EV market.
Ola’s founder and CEO Bhavish Aggarwal will travel to Singapore, United States and United Kingdom over the next two weeks, said the two sources, who declined to be named as the plans are confidential.
Aggarwal plans to meet investors, including BlackRock, Singapore’s sovereign wealth fund GIC, and mutual funds such as T Rowe Price, the first source said.
“EVs are still an emerging space and while there are some global parallels, it is an even newer story in India. So Bhavish wants to take the extra time to create comfort for investors,” said the first source.
Ola Electric declined to comment. BlackRock, GIC and T Rowe Price did not respond to Reuters’ requests for comment.
Reuters is the first to report details of Ola’s planned investor meetings.
India is one of the world’s biggest automotive markets with a small but fast-growing EV segment. Ola says it is the market leader in India in e-scooters, selling around 30,000 a month, priced around $1,600 (nearly Rs. 1,32,000) each.
Ola Electric is likely to file regulatory papers on the IPO for approval by August, the two sources said.
The investor meetings will focus on Ola’s scooter business, its growth prospects and valuation, which is expected to be more than $5 billion, the sources said.
Ola competes with other startups and bigger companies like TVS Motors, Ather Energy and Hero Electric, which are ramping up their EV scooter plans.
It has also appointed Bank of America as one of its lead managers on the IPO, in addition to Goldman Sachs, Citi and local banks Kotak, Axis and ICICI Securities.
Bank of America, whose appointment has not been previously reported, did not respond to a query seeking comment.
Apple unveiled its first mixed reality headset, the Apple Vision Pro, at its annual developer conference, along with new Mac models and upcoming software updates. We discuss all the most important announcements made by the company at WWDC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.
Samsung Electronics has announced the forthcoming global release of the Samsung Bespoke Jet™ AI, their most advanced wireless stick vacuum to date. Boasting suction power of up to 280W1, it also includes a self-emptying All-in-One Clean Station™ and utilizes artificial intelligence (AI) for enhanced functionality. The Bespoke Jet™ AI will be accessible worldwide from June, with preorders commencing today in various markets such as Australia, Europe2, and the U.S.
The Bespoke Jet™ AI comes in two classic Bespoke colors, namely Satin Black and Satin Greige, and is offered in two models: 250W and 280W3.
Junwha Lee, Executive Vice President and Head of the Customer Experience Team of Digital Appliances Business at Samsung Electronics expressed, “The Bespoke Jet™ AI is designed to cater to every lifestyle, combining exceptional suction power with AI-based cleaning services that adapt to any environment automatically. With this intelligent cordless stick vacuum, Samsung is providing users with a premium and stylish solution for their daily needs.”
Samsung’s Most Robust and Longest-Running Cordless Stick Vacuum to date
The powerful HexaJet Motor is a standout feature of the Bespoke Jet™ AI, offering Samsung’s highest suction power yet, reaching up to 280W and consuming a maximum power of 730W. Despite its lightweight design, weighing just 150g, this motor delivers a 25% increase in suction power compared to the previous model,5 with an impressive motor efficiency of 52%.
To ensure uninterrupted cleaning sessions, the Bespoke Jet™ AI provides an exceptional battery life of up to 100 minutes, surpassing all other Samsung cordless stick vacuums in terms of single battery runtime. Its 4,500mAh battery has been optimized to retain 70% of its performance for up to 500 cycles, featuring 80% more capacity than the previous model.
In addition to its powerful motor and extended battery life, the Bespoke Jet™ AI comes with a range of brushes and accessories. The Active Dual Brush efficiently cleans all types of floors and includes built-in LED lighting to illuminate dust in darker areas. The Slim LED Brush+ is designed for maneuverability and effectively tackles challenging spaces with the help of LED lighting. For convenient storage of the device and its brushes, the Accessory Cradle allows users to keep their vacuum organized and within easy reach.
Experience an Extraordinary Level of Intelligent Cleaning with AI-based Technology.
Equipped with Samsung’s AI Optimum Tech and an innovative AI mode, the Bespoke Jet™ AI revolutionizes the cleaning experience by adapting to various environments. It proudly holds the distinction of being the first cordless stick vacuum to receive AI verification from UL Solutions, a renowned independent safety science organization. By utilizing its AI Cleaning Mode, the Bespoke Jet™ AI accurately identifies different floor types, delivering optimized cleaning performance and maximizing battery efficiency.
Through its suction motion controller and pressure sensors, the Bespoke Jet™ AI’s AI Cleaning Mode detects brush load and air pressure, enabling it to classify the floor type. Based on this analysis, the vacuum automatically applies an algorithm that adjusts suction power and brushroll speed to achieve the best cleaning results.7
The AI Cleaning Mode of the Bespoke Jet™ AI offers notable benefits. When used with the Active Dual Brush, it reduces battery consumption by up to 14% and enhances maneuverability by up to 6%. Similarly, when paired with the Slim LED Brush+, it reduces battery consumption by up to 21% and improves maneuverability by up to 8%.8
In addition to the AI Cleaning Mode, the Bespoke Jet™ AI provides enhanced functionality through SmartThings and Smart Wi-Fi connectivity. This allows users to customize their vacuum and access its features while ensuring optimal performance through the smart self-diagnosis function. As a result, users can enjoy a more effective and tailored cleaning experience.
Enhanced Hygiene Ensured by the Upgraded All-in-One Clean Station™
Get ready for a cleaning upgrade! The Bespoke Jet™ AI introduces its enhanced All-in-One Clean Station™, featuring Air Pulse technology that automatically empties the dustbin for faster and more hygienic cleaning. With the All-in-One Clean Station™, the Air Spin Edge technology kicks in and spins the Spinning Cyclone at an impressive rate of up to 1,000 RPM to flush out waste, including stubborn hair stuck in the dustbin grille.
But that’s not all! The upgraded All-in-One Clean Station™ goes the extra mile by automatically closing its cover after every disposal. It’s equipped with a powerful 99.999% Multi-layered Filtration System, ensuring exceptional dust management, and an improved hair removal rate of 99%9 for efficient dustbin emptying.
The launch of the Bespoke Jet™ AI showcases Samsung’s commitment to expanding its footprint in the stick vacuum market worldwide. By offering a winning combination of premium design and user-friendly features, Samsung is taking cleaning experiences to the next level.
To discover more about the smart, powerful, and thorough cleaning experiences delivered by the Bespoke Jet™ AI, including its extended device run time, effortless maneuverability, and hygienic dustbin emptying, visit Samsung.com today!
Features
Chain core stator: Light yet more powerful 150g motor
Maximized motor efficiency: Two-row vaned Diffuser & Impeller
HexaJet Motor: Exceptionally powerful suction of up to 280W
Jet Cyclone: Long lasting power with 28 air holes
AI Cleaning: World’s first UL Verified AI cordless stick vacuum, AI algorithm for optimal cleaning, Optimal performance for any surface. Saves battery power up to 14%
Removable and long lasting battery: Non-stop for up to 100minutes
All-in-one Clean Station: Spinning cyclone of up to 1000RPM that effectively removes dust & hair and it automatically closes the dust bin when its done. Easily and hygienically empties and charges.
Pet Tool: Powerfully picks up pet hair. Easily cleans with V-shaped drum and Anti-tangle Grinder
99.999% Multi-layered Filtration System: Traps 99.999% of fine dust, Releases clean air.
Anti-bacterial microfiber pads for a clean finish.
Spray Spinning Sweeper: Mops hard floors with dual wet pad
Fully washable
Changeable battery: Large capacity battery & lightweight battery
Slim LED Brush: Easily picks up dust on hard floor Detects dust in dark space
Active Dual Brush: Powerfully cleans all types of floors
LCD Digital Display: Shows clear notifications when object stucks
Telescopic Pipe: Fits all heights
Long Reach Crevice Tool: Cleans deep & small places
Combination Tool: Cleans various types of furniture
Flex Tool: Easily reaches high places
Wi-Fi connectivity: Self diagnosis & maintenance Tracks and reports cleaning history
The US affiliate of Binance said it was halting dollar deposits and gave customers until Tuesday to withdraw their dollar funds, after the US securities regulator asked a court to freeze its assets.
Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar withdrawal channels as early as June 13.
The SEC sued Binance, its CEO and founder Changpeng Zhao, and Binance.US’s operator on Monday, in a dramatic escalation of a crackdown on the industry by US regulators. The SEC sued major US exchange Coinbase a day later.
Binance.US said in the tweeted customer notice that it would no longer accept dollar deposits as part of plans to change to a “crypto-only exchange”. It called the SEC’s civil charges “unjustified” and said it would “vigorously defend” itself.
The SEC alleged in 13 charges on Monday that Binance had in a “web of deception” artificially inflated trading volumes and diverted customer funds, as well as failing to restrict US customers from its platform.
The SEC on Tuesday asked a federal court to freeze Binance’s US assets. Binance.US called the motion “unwarranted”, saying it had addressed SEC concerns over the safety of customer assets.
The SEC said it had not received “sufficient reassurance” that Binance.US’s customer assets were controlled by its operator, BAM Trading, “rather than under the control or influence of Binance or Zhao, a person who has openly expressed his desire to avoid compliance with US law.”
Zhao and Binance had “free reign” to handle Binance.US assets, the SEC said. “They have exercised this control over US investor assets with no oversight or controls to ensure that those assets are properly secured,” it added.
Binance did not immediately reply to a request for comment. It has said it would “defend our platform vigorously,” saying the SEC was limited in reach as Binance was not a US exchange.
Binance.US’s customer assets total more than $2.2 billion. (nearly Rs. 18,100 crore) held in crypto and some $377 (nearly Rs. 3,100 crore) million in US dollar bank accounts, the SEC said.
‘Existential Threat’
BAM Trading holds customer’s funds directly with California-based Axos Bank, according to a letter from lawyers for BAM Trading to the SEC dated May 26, which was made public by the SEC on Tuesday.
Axos did not immediately respond to a request for comment sent via email.
Binance.US had struggled to find banking partners after the failure of Signature Bank, the Wall Street Journal reported in April.
In its tweet on Thursday, Binance.US said crypto-denominated trading, deposits, withdrawals and “staking” – where users deposit cryptocurrencies for use in blockchain transactions — would remain fully operational.
“This is very serious for Binance.US because Americans cannot use Binance Global,” said Clara Medalie, director of research at Kaiko.
“The inability for Binance.US to offer USD trading services in a region the exchange was specifically built to operate in is an existential threat.”
Crypto prices barely reacted to the news, with bitcoin last trading up 0.4 percent at $26,610 (nearly Rs. 22 lakh). It was headed for a weekly loss of about 1.9 percent, after having dipped to an over two-month low of $25,350 (nearly Rs. 21 lakh) earlier in the week as the SEC crackdown stoked nerves.
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