FTX founder Sam Bankman-Fried has been accused of intimidating witnesses ahead of his upcoming fraud trial in a new twist to the unfolding legal drama. Consequently, prosecutors now argue that he must face jail time. They present this pressing argument
‘X,’ formerly known as Twitter, is navigating a sea of criticism and scrutiny amid accusations of suspending accounts without justifiable reasons, even after the platform’s shift towards a more user-friendly and transparent model. The platform’s conduct prompts a pertinent question:
On July 26, a United States House panel granted preliminary approval to two potentially transformative cryptocurrency regulatory bills. This significant stride considered a massive victory for the American crypto industry, hints at the emergence of much-needed regulatory clarity in the
Abu Dhabi, often hailed as the financial hub of the United Arab Emirates (UAE), has once again demonstrated its forward-thinking attitude toward fintech. It’s been officially confirmed that the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has granted
Prime Minister Fumio Kishida reaffirmed Japan’s commitment to embracing the transformative power of Web3 during the prestigious WebX Web3 conference. In a remarkable shift from its aggressive stance on Bitcoin regulation, Japan is now positioning itself at the forefront of
The recent move by the Russian Federal Assembly, notably the State Duma, propelling the digital ruble bill into law is an undeniable step toward a digital financial revolution. The bill passed through the lower chamber successfully, and now, with President
Republican Representative Warren Davidson from Ohio, a known blockchain advocate, is drawing a clear line in the sand on his position against Central Bank Digital Currencies (CBDCs). Joining a rising tide of skeptics within the political realm, Davidson calls for
Following the recent court verdict favouring XRP in the Ripple Labs lawsuit, the U.S. Securities and Exchange Commission (SEC) hints at a possible appeal. The regulator believes this decision contradicts established securities laws principles. Besides, it challenges the time-honoured Howey
Cryptocurrency platform FTX Trading is pressing charges against its founder, Sam Bankman-Fried, and several former executives in a lawsuit claiming over $1 billion in misappropriation. Delaware’s bankruptcy court complaint stated that the allegedly misused funds led to the company’s bankruptcy.
ChatGPT, the AI phenomenon that made a dazzling entrance in November 2022 has exhibited a decline in performance over recent months, a UC Berkeley study reveals. Once celebrated for its exceptional math and coding abilities, the AI chatbot has shown
Unveiled recently by US Senators Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, a controversial bill aims to apply stringent anti-money laundering (AML) measures to the nascent domain of decentralized finance (DeFi). However, the Crypto Council for Innovation (CCI),
The Australian subsidiary of Sam Bankman-Fried’s cryptocurrency exchange, FTX, is facing significant challenges as the country’s regulator, the Australian Securities and Investments Commission (ASIC), has canceled its local financial services license. This move comes after revelations of substantial financial misconduct,
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