What is going on with Sam Bankman-Fried’s defense?
Former FTX CEO Sam “SBF” Bankman-Fried has been on trial since Oct. 3, but his legal counsel has yet to present a compelling narrative to support his defense. Former FTX…
Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report
The firm cited difficulty in achieving “net positive cash flow,” in making the decision. Bitcoin application-specific integrated circuit (ASIC) manufacturer Bitmain has paused employee salary payments for September and beyond.…
Sam Bankman-Fried FTX fraud trial continues: What to expect in the second week
In the second week of his fraud trial, SBF will face testimonies against him from witnesses, including former partner and CEO of Alameda Research Caroline Ellison. The second week of…
Crypto investment products see largest inflows since July — CoinShares
Cryptocurrency investment products saw inflows for the second consecutive week, totaling $78 million, according to CoinShares. Digital asset investment products continued to see significant inflows in the past week, reaching…
Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator
The FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August. The United Kingdom’s financial markets regulator, The Financial Conduct Authority (FCA), had a busy…
Elon Musk’s X platform faces backlash over pro-XRP account suspension
Crypto Eri, a prominent figure in the cryptocurrency community, contacted Elon Musk on X, seeking clarification about the account suspension. X (formerly Twitter) executive chair and chief technical officer Elon…
X ‘everything app’ push continues as Elon Musk tests video game streaming
During his stream, Elon Musk said that X has plans to integrate streaming services with Xbox and PS5 but has no plans of trying to be better than specialized streaming…
Avalanche-Based Stars Arena Falls Victim To a $3M Hack
Web3 social media app Stars Arena has lost around $3 million worth of AVAX tokens from its smart contract following an exploit. The Avalanche-based protocol Go to Source
Prosecutors Seek To Block SBF From Bringing Up Anthropic AI’s Burgeoning Value During Trial
Assistant US Attorney Thane Rehn has filed a motion asking Judge Lewis Kaplan to block Sam Bankman-Fried (SBF) from bringing up Anthropic in his trial, Go to Source
EU mulls more restrictive regulations for large AI models: Report
Negotiators in the EU are reportedly considering additional restrictions for large AI models – like OpenAI’s GPT-4- as a component of the forthcoming AI Act. Representatives in the European Union…
Ukraine rolls out AI regulation roadmap
The roadmap is based on a bottom-up approach that suggests providing businesses with tools to prepare for future requirements before adopting any laws. Ukraine’s Ministry of Digital Transformation presented its…
Binance, OKX to comply with new financial promotions rules in UK
Crypto firms such as Binance, OKX and MoonPay have announced they’ve been working to comply with the United Kingdom’s new financial promotion rules. Major global cryptocurrency exchanges like Binance and…
War, CPI and $28K BTC price — 5 things to know in Bitcoin this week
Bitcoin prepares for a testing macro week as geopolitical uncertainty injects volatility into gold, oil and the U.S. dollar, but BTC price action has yet to react. Bitcoin (BTC) starts…
South Korean Crypto Market Cap Surged by 46% in H1 2023, Hitting $21B
South Korea’s Financial Services Commission (SFC) revealed that the country’s crypto market cap experienced a massive surge in the first half of this year, nearly Go to Source
Sam Bankman-Fried $500M Anthropic stake irrelevant to case, prosecutors say
United States prosecutors argue that the potential for FTX investors to be made whole through the high valuation of Anthropic cannot be presented by Sam Bankman-Fried’s legal team. United States…