The CEO of OpenAI, Sam Altman, has expressed concern over the US government’s actions against cryptocurrencies, stating that it feels like a war on crypto assets. Altman believes that while there is a need for regulations within the industry, the government’s approach is disappointing. He acknowledges the potential for a surveillance state but argues that […]
The U.S. Department of Justice (DOJ) is seeking to prevent Sam Bankman-Fried, the founder of FTX, from introducing evidence about the current value of certain investments, including Anthropic, an AI-focused startup. The prosecutors argue that this evidence is irrelevant and could prejudice the jury. They also highlight the speculative nature of venture capital investments, pointing […]
Federal prosecutors in the fraud trial of former FTX CEO Sam Bankman-Fried have requested that any discussion of Bankman-Fried’s investment in AI company Anthropic be excluded from the trial. Recent reports have revealed that Anthropic is set to receive significant funding from tech giants Google and Amazon, which has sparked optimism among creditors of FTX […]
Sam Bankman-Fried, the founder of crypto exchange FTX, is facing a fraud trial with serious allegations of misusing user assets. Caroline Ellison, who was previously in charge of hedge fund Alameda Research and had a relationship with Bankman-Fried, is set to testify against him, which could be a turning point in the trial. The trial […]
United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried had invested $500 million in the artificial intelligence startup, but the government alleges that the funds were misappropriated from FTX customer deposits. Anthropic has been seeking new […]
United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried, the former CEO of FTX, invested $500 million in the artificial intelligence startup in April 2022. The U.S. government alleges that the investment was made using misappropriated […]
US judge Analisa Torres has denied the SEC’s appeal in the legal battle between Ripple and the regulatory agency. The trial, which is scheduled for April 23, 2024, is seen as a crucial event for the cryptocurrency sector and future regulations in the US. Ripple’s recent legal victories have also led to a surge in […]
Serious concerns have emerged regarding the financial support provided to Solana validators by the Solana Foundation and Alameda Research. Allegations claim that over 90% of validators are heavily subsidized by these entities, raising questions about the network’s autonomy and decentralization.Arixon.eth, a researcher, has found that the Solana network’s node count and validator numbers were artificially […]
Ripple and the U.S. Securities and Exchange Commission (SEC) have been directed by U.S. District Judge Analisa Torres to work out a possible settlement. This is set for April 16, 2024, and both parties and their legal representatives are obligated to convene for an in-person meeting. The SEC stands to gain more with legal experts […]
Bitcoin (BTC) could reach its all-time high of almost $70,000 and even surpass that level sometime in 2024, according to the AI-powered language model ChatGPT. This could be driven by a general bullish sentiment, a successful halving event, and positive momentum. Regulatory developments, such as potential SEC lawsuit outcomes and a US BTC ETF approval, […]
