China Unveils ¥500B Fund to Boost Stock Market
China’s central bank launched a ¥500 billion ($70.6 billion) funding scheme to support the stock market, allowing financial institutions to use assets as collateral for liquidity. Today, the People’s Bank of China (PBOC) announced establishing a ¥500 billion ($70.6 billion) funding initiative to assist the Chinese capital market. Using their existing stock holdings as collateral […]
FTX Settlement Forces Caroline Ellison to Surrender All Assets
FTX is seeking court approval for a settlement requiring former Alameda Research CEO Caroline Ellison to transfer nearly all her assets to the company’s creditors. Caroline Ellison, the former CEO of Alameda Research, has been compelled to transfer nearly all of her assets to FTX creditors to obtain court sanction for a settlement. Ellison’s motion, […]
Ex-FTX Exec Ryan Salame Seeks Two-Month Sentence Delay
Ryan Salame, former co-CEO of FTX Digital Markets, has requested a delay in his jail term to December 7, 2024, citing ongoing medical treatment needed after a dog attack. Ryan Salame, the former co-CEO of FTX Digital Markets, has requested an additional extension of time before he is ordered to begin serving his prison sentence. […]
OpenAI Accuses Elon Musk of Harassment in Legal Filing
OpenAI filed a motion to dismiss Elon Musk’s lawsuit, accusing him of using the legal system to “harass” the company in favor of his venture, xAI. Musk’s lawsuit, filed in February, claims OpenAI deviated from its original nonprofit mission. OpenAI submitted a motion to dismiss Elon Musk’s complaint against it on October 8. The artificial […]
TRON DAO Hosts Builder Tour at Columbia, Boston Universities
TRON DAO hosted the TRON Builder Tour at Columbia University on October 5, offering workshops and discussions for students and developers. On October 5, TRON DAO was honored to host the TRON Builder Tour at Columbia University, in collaboration with Blockchain at Columbia and Boston University Blockchain. The TRON Builder Tour, which connects students, developers, […]