Ryan Salame, the former co-CEO of FTX Digital Markets, recently entered a guilty plea in a U.S. District Court for defrauding the United States Federal Election Commission (FEC) and conspiring to operate an unlicensed money-transmitting business. His plea follows a
According to a recent report, the SEC is facing scrutiny from legal experts over its management of digital assets, particularly evident in the ongoing Ripple XRP case. A pro-crypto attorney, John Deaton, has voiced notable apprehensions about the agency’s mission,
On Aug. 29, the Digital Currency Group (DCG) announced a significant agreement with the creditors of Genesis, promising potential recoveries of up to 90%. This move signifies a monumental shift in the ongoing crisis that had earlier cast a shadow
When critics started to pen the eulogies, Shibarium—Shiba Inu’s layer-2 blockchain—roared back to life. The project, which faced a shaky start with outages and technical difficulties, witnessed a remarkable turnaround, with its wallets surpassing the 100,000 mark. This resurgence, coming
South Korea has taken a decisive step, instructing its local cryptocurrency exchanges to maintain a reserve of at least 3 billion won, equivalent to roughly $2.3 million. This directive, anchored in the “Virtual Asset Real-Name Account Operation Guidelines” by the
Following a security breach that removed $1 million from its funds, the decentralized futures trading platform Cypher has unveiled its comprehensive recovery strategy. Operating on the Solana blockchain, the platform faced severe scrutiny after it paused its smart contract, promptly
Cryptocurrency exchange Bitstamp is set to cease Ethereum staking offerings for its American clientele starting September 25, 2023. As other regions like the European Union embrace clearer crypto regulations, US investors and exchanges are left navigating a murky scene. According
The impact of artificial intelligence (AI) on the film and television sectors has sparked debates as the entertainment industry navigates its shift into the digital era. Consequently, the Alliance of Motion Picture and Television Producers (AMPTP) recently unveiled a detailed
Amid the rising global crypto fervor, China has made significant headlines by sentencing a former provincial official, Yi Xiao, to life imprisonment for corruption, which includes aiding cryptocurrency mining. This action has demonstrated China’s stringent stand on illegal financial activities
The Thai Ministry of Digital Economy and Society, led by Minister Chaiwut Thanakamanusorn, has made news for its outspoken opposition to Facebook. In a first, the Ministry has vowed to take the social media juggernaut to court to prevent it
U.S. District Judge Beryl A. Howell ruled on August 18, 2023, that the U.S. Copyright Office was correct in determining that only works created by humans are entitled to copyright protection. After being denied copyright registration for an artwork his
Tether (USDT), Dai (DAI), and RAI stablecoins will no longer be available for trade on Coinbase’s Canadian platform as of August 31 due to legislative changes in the country. The company emailed customers on August 17 to inform them of
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