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FTX's $1B Fraud Lawsuit Targets Ex-CEO and Executives

FTX’s $1B Fraud Lawsuit Targets Ex-CEO and Executives

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.

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Kuwait Implements Total Ban on Cryptocurrency Activities

Kuwait Implements Total Ban on Cryptocurrency Activities

Kuwait, the Gulf state, has issued an absolute ban on all activities involving cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, through several regulators.  The announcement, made by Kuwait’s principal financial regulator, the Capital Markets Authority (CMA), on July 18, casts

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AI Is a ‘Force for Good,’ Say 1,300 Experts

AI Is a ‘Force for Good,’ Say 1,300 Experts

In an open letter 1,300 IT experts have rebuffed claims that advanced AI will destroy humanity. The British Computer Society (BCS), the U.K.’s Chartered Institute for IT, organized the message in response to growing fears that the technology will ultimately

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FTX Australia's License Canceled, Casting Doubt on Reboot

FTX Australia’s License Canceled, Casting Doubt on Reboot

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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