Binance’s Gopax Acquisition Delayed by SEC Lawsuit
Binance’s plan to buy a South Korean crypto exchange Gopax faces regulatory hurdles due to the SEC lawsuit against the global crypto giant. In February 2021, Binance announced that it had acquired a majority stake in Gopax and that it was spending funds from its industry recovery initiative on the acquisition. Binance and its partners […]
Kim Kardashian Faces Lawsuit over EMAX Crypto Promotion
Kim Kardashian is facing a lawsuit for allegedly scamming investors by promoting the EthereumMax cryptocurrency without disclosing her compensation. EthereumMax (EMAX) is a cryptocurrency with no legal or business connection with Ethereum, despite its name. It is a large language model that can generate text for various tasks, such as writing creative stories, solving mathematical […]
Senators Question Meta’s AI Model LLaMA over Ethical Risks
Meta’s AI language model LLaMA leaked online in February, has drawn criticism from two US senators who fear it could be exploited for criminal purposes. Meta, formerly known as Facebook, released LLaMA (Large Language Model Meta AI) in late February as a research tool for the AI community. LLaMA is a state-of-the-art foundational large language […]
Volcano Energy Invests $250M in El Salvador’s Bitcoin Mining
Renewable energy developer Volcano Energy has invested $250M as part of its $1B commitment to Bitcoin mining in El Salvador. The funds would be used to construct a 241 MW solar and wind power generation park. The first $250 million has been contributed to the public-private partnership in El Salvador that will invest $1 billion […]
FSC Schedules Hearing on Crypto, Digital Assets
The Financial Services Committee (FSC) of the United States has scheduled a hearing on crypto and digital assets to discuss and clarify critical issues in the ecosystem. The House Financial Services Committee chairman, Patrick McHenry, announced a full committee hearing on June 6 titled “The Future of Digital Assets: Providing Clarity for the Digital Asset […]