US Government Moves $922 Million in Seized Bitcoin from Bitfinex Hack
The US Department of Justice has transferred about 15,000 bitcoins from wallets linked to the 2016 hack of Bitfinex, raising fears of a possible selloff and price dump. The US Department of Justice (DOJ) has transferred approximately 15,000 bitcoins (worth $922 million) from confiscated wallets linked to the 2016 hack of Bitfinex. This crypto exchange […]
Ex-FTX CEO Asks for Light Sentence for Crypto Crimes
Sam Bankman-Fried, the former CEO of FTX, is facing up to 100 years in prison for his role in the collapse of the crypto exchange. His lawyers are asking for a lenient sentence, citing his remorse and neurodiversity. Sam Bankman-Fried, the former CEO of FTX, a crypto exchange that went bankrupt in late 2022, is […]
Musk Sues OpenAI for Abandoning Its Non-Profit Mission
Musk, the founder of SpaceX and Tesla, has filed a lawsuit against OpenAI and its CEO, Altman, for breaching their non-profit agreement and partnering with Microsoft for profit-driven AI development. The tech visionary is in a legal battle with OpenAI and its CEO, Altman, over their non-profit agreement. Elon Musk claims that OpenAI has betrayed […]
HSBC Hong Kong to Permit Investing in Virtual Assets
According to Sami Abouzahr, head of HSBC’s investments in Hong Kong, asset tokenization is one of this year’s key priorities. HSBC Hong Kong will heavily prioritize asset tokenization in the current year as part of the bank’s development plan. The head of investments and wealth solutions at HSBC Hong Kong, Sami Abouzahr, disclosed to the […]
Arbitrum to Build Ecosystem for Blockchain Developers in South Korea
Dispread, a web3 and blockchain-focused Korean company, partnered with an Ethereum Arbitrum second-level solution. In order to assist Arbitrum in creating a development ecosystem in the Korean market and removing the linguistic and cultural barriers that current Korean developers must overcome, Dispread intends to disseminate research content and development instructions, according to a news release […]