The trial of Sam Bankman-Fried, the former CEO of crypto exchange FTX, is currently underway. The United States Department of Justice (DOJ) and the defense have presented their arguments. The DOJ accuses Bankman-Fried of intentionally deceiving investors and using his company, Alameda, to steal customers’ funds. They also claim that he had influence over politicians […]
Attorney John E Deaton, who is representing Ripple (XRP) investors in a lawsuit against the US Securities and Exchange Commission (SEC), has invested in Bitcoin (BTC) after hearing TV host Jim Cramer’s negative stance on the cryptocurrency. Cramer has a history of making inaccurate predictions about crypto, such as advising to sell BTC at $17,000 […]
A decentralized network called io.net is aiming to provide a cost-effective solution for renting GPU computing power for AI and machine learning services. The project, which started as a quantitative trading system, aggregates GPU computational power from various sources such as data centers, cryptocurrency miners, and decentralized storage providers. By pooling these resources, io.net aims […]
The U.K. Parliament’s Culture, Media, and Sport Committee has expressed concerns about non-fungible tokens (NFTs) and fan tokens in a recent report. The committee warns that NFTs pose a risk of copyright infringement and highlights the lack of significant benefits from these digital assets. The report also raises concerns about the impact of NFTs on […]
In a recent blog post by Placeholder VC, the firm compares Ethereum and Solana to Android and iOS, respectively. The post highlights Ethereum’s modularity and widespread adoption, likening it to Android’s open and diverse ecosystem. Ethereum is becoming more of a platform for third-party networks, with layer-2 networks already processing more transactions than Ethereum mainnet. […]
Linqto, a pre-IPO investment platform, is attracting a lot of attention as it hints at reopening opportunities for investors to purchase Ripple shares before its highly anticipated IPO. Ripple, known for its resilience in the face of legal challenges, is now on the verge of going public, generating excitement not only within the crypto community […]
Only 7% of users who initially engage with Ethereum continue to use the platform after a year, according to recent data from Token Terminal. This suggests that the majority of users, approximately 93%, stop using Ethereum for token transfers and smart contract deployment within a year. The reasons behind this lack of user retention are […]
Lenovo, the technology giant, has announced a significant investment of $1.2 billion in artificial intelligence (AI). The company aims to tap into the booming AI server and storage market, which is projected to reach $29 billion. This move aligns with the industry trend, as AI investment and development have been on the rise in 2023. […]
He Jinbi, the founder of Chinese company Maike Metals International, has been arrested by Chinese authorities. This comes as part of President Xi Jinping’s ongoing crackdown on founders and executives of large firms. Maike Metals International, once China’s largest copper importer, has faced a liquidity crisis and filed for preliminary restructuring earlier this year. The […]
Ethereum gas fees, a major obstacle to mainstream adoption, have reached all-time lows recently. The average gas price dropped to 8.8 gwei, surpassing the previous record of 8.9 gwei. This decline can be attributed to the increased usage of layer 2 scaling solutions like Optimism and Arbitrum, which process transactions off-chain and reduce congestion on […]
