Gary Wang, the co-founder and CTO of FTX, has provided damaging testimony during the ongoing trial of Sam Bankman-Fried. Wang revealed that FTX’s $100 million insurance fund for 2021 was a fabrication and did not hold any of the exchange’s FTT tokens as claimed. This testimony aligns with the suspicions of the cryptocurrency community, who […]
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 […]
Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to comply with the UK’s Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). These regulatory changes aim to promote transparency and fairness in promoting cryptocurrency products and services in the UK. Binance has introduced a dedicated […]
Negotiators in the European Union (EU) are discussing the possibility of imposing additional regulations on large artificial intelligence (AI) systems, such as OpenAI’s GPT-4, as part of the forthcoming AI Act. The aim is to strike a balance between not burdening new startups with excessive regulations while keeping larger models in check. The agreement on […]
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 […]
Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to comply with the United Kingdom’s latest Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). These regulatory changes aim to promote transparency and fairness in promoting cryptocurrency products and services in the UK.Binance has introduced a […]
Ukraine’s Ministry of Digital Transformation has unveiled its regulatory roadmap for artificial intelligence (AI), with the aim of aligning with the European Union’s AI Act and educating citizens on AI risks. The roadmap takes a bottom-up approach, providing businesses with tools to prepare for future requirements before implementing any laws. The preliminary period for companies […]
Shiba Inu lead developer, Shytoshi Kusama, has responded to criticism from a community member about the lack of significant price change for the Shiba Inu token (SHIB) despite the team’s hard work. Kusama emphasized the importance of “true work” rather than unnecessary noise, stating that those who make the most noise are not necessarily the […]
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 […]
