US Opposes Ex-FTX Exec’s Motion to Void Plea Deal
The US Attorney’s Office opposes former FTX co-CEO Ryan Salame‘s bid to void his guilty plea on campaign finance charges. The United States Attorney’s Office is opposed to a petition from Ryan Salame, the former co-CEO of FTX Digital Markets, to nullify his guilty plea as part of charges related to campaign finance violations. Prosecutors […]
MakerDAO to Offer MKR Conversions for New Governance Token
MakerDAO will let MKR holders convert their tokens to 24,000 NewGovToken (NGT) tokens each, aiming to boost governance participation. MKR holders will be able to convert their tokens to the newly-issued NewGovToken (NGT) tokens through the crypto lending platform MakerDAO, which is the protocol that powers the DAI stablecoin. Holders will have the ability to […]
China Accessing AI Chips Banned by the US
China is reportedly accessing banned US-made AI chips via cloud services from Amazon and other providers, despite US efforts to restrict technology. The United States is ensuring that China is unable to catch up by utilizing US-made technology, as the race to develop and deploy the most potent artificial intelligence models has rapidly escalated over […]
FBI Recovers $5M as Pig Butchering Crypto Scams Surge
Pig butchering crypto scams are on the rise, with hundreds of victims in the US. The FBI recently recovered $5 million in one such case. Cryptocurrency is one of the most popular investment options due to its rapid growth, trading capabilities, and numerous other advantageous attributes. It is the domain in which fortunes can be […]
Australian Court Finds Bit Trade Guilty of Legal Violations
Bit Trade, Kraken’s Australian operator, found guilty of violating legal obligations on margin trading by Australian Federal Court. Bit Trade, Kraken’s Australian operator, was found guilty of failing to satisfy legal obligations by the Australian Federal Court. Bit Trade was convicted of failing to meet the target market determination requirement for its margin trading product, […]