DOJ Upholds SBF Accusations Despite Insufficient US Crypto Laws
Counsel for Sam Bankman-Fried argued that FTX was not located in the United States, and since SBF complied with regulatory obligations regarding FTX US, charges related to FTX international should not apply. The United States Department of Justice (DOJ) filed a court motion on October 4, arguing that the absence of crypto regulations in the […]
Blockchain Finance to Reach $79.3B by 2032
The COVID-19 pandemic disrupted traditional finance, and the prospect of lower operational costs paved the way for mainstreaming the digital ecosystem. The global blockchain finance market, which includes public and private blockchains, trading, payments, settlements, and asset management, has the potential to reach $79.3 billion by 2032. According to a report by Allied Market Research […]
WGA Strike Ends With Tentative Deal, AI Key Negotiator
After five months of picketing, the Writer’s Guild strike has ended with a provisional agreement for new conditions that includes negotiations over AI usage. Leaders of the Writers Guild of America (WGA) have authorized a tentative agreement with Hollywood entertainment studios that includes using artificial intelligence (AI) within the industry. According to Deadline, the strike, […]
CZ Authorizes Binance Security to Track Huobi HTX Stolen Assets
HTX took a proactive stance to mitigate potential harm by providing a “white-hat bonus” equivalent to nearly $400,000, which constituted 5% of the funds that had been drained. Shortly after HTX, the cryptocurrency exchange formerly known as Huobi reported a hacking incident resulting in an $8 million loss, Binance CEO Changpeng “CZ” Zhao offered the […]
PayPal Allows US Users to Trade Cryptocurrencies via MetaMask
PayPal integrates new methods for selling Bitcoin and other cryptocurrencies as it expands its digital asset services. PayPal continues to extend its digital asset services, integrating new ways to sell Bitcoin and other cryptocurrencies. On September 11, PayPal introduced new on and off routes for Web3 payments , enabling users in the United States to […]