Chinese Woman Gets 6 Years for 61,000 BTC Fraud
Wen Jian was sentenced to nearly seven years for money laundering in a 61,000 BTC fraud case from 2014-2017. Nearly seven years in prison has been imposed on Wen Jian, a Chinese woman named in the infamous 61,000 Bitcoin (BTC) fraud case, on charges of money laundering. The colossal sums involved in the incidents, which […]
FTX Bankruptcy Lawyer Cleared of Conspiracy
An investigation cleared Sullivan & Cromwell LLP of knowing about the financial issues and fraud behind FTX’s collapse. The law firm that presided over the FTX bankruptcy, Sullivan & Cromwell LLP, was found to have been unaware of the perilous financial conditions and underlying fraud that precipitated the demise of the once-thriving exchange, according to […]
Elon Musk Predicts AI Will Outperform Humans
Elon Musk predicts AI-driven job loss will necessitate universal income, suggesting our future purpose may be to “give AI meaning.” In light of employment displacement caused by artificial intelligence, Elon Musk recently reaffirmed his forecast that “universal high income” will be necessary for humanity. This time asserting that in the absence of employment, our ultimate […]
US House Passes FIT21 Crypto Bill in Surprise Move
The US House passed the FIT21 Act with a 279-136 vote, establishing a regulatory framework for digital assets. The US House of Representatives approved the Financial Innovation and Technology for the 21st Century Act (FIT21) by a resounding 279 to 136 vote. The bill, which the cryptocurrency industry views as a significant victory, seeks to […]
StarkWare Unveils ZKThreads in ‘Fractal Scaling’ Arsenal
StarkWare and Cartridge introduce ZKThreads to enhance Starknet scalability via execution sharding and zero-knowledge proofs. ZKThreads is a new scaling framework introduced by Cartridge and Layer 2 developer StarkWare to enhance the scalability of decentralized applications on Layer 2 Starknet via execution sharding enabled with zero-knowledge proofs. This expands upon the vision of fractal scalability […]