Sam Bankman-Fried and the story surrounding the collapse of FTX, a bankrupt cryptocurrency exchange he founded, is set to be released as an animated, interactive social comedy by the innovative Web3 studio Toonstar FORTUN3. Sam Bankman-Fried is in the headlines
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,
FTX, the troubled crypto exchange, has halted the sale of its stake in the AI company Anthropic. FTX holds Anthropic shares valued at more than $500 million. The pause adds another layer of complexity to FTX’s ongoing battle for asset
In a sudden twist to a complex regulatory saga, major cryptocurrency exchange FTX has filed a lawsuit against its former regulatory and compliance executive Daniel Friedberg. FTX accuses Friedberg of an illicit series of payments designed to silence whistleblowers from
The Overwatch Champions Series has banned teams from having sponsors related to cryptocurrencies, NFTs, and AI following the collapse of the previous Overwatch League. The rulebook, revealed by ESL Faceit Group, aims for a cleaner esports environment. Team sponsorship regulations
Cartesi’s Jathin Jagannath highlights regulatory challenges hindering web3 growth in Africa, stressing the need for clarity to spur adoption and innovation in the continent’s digital landscape. Jathin Jagnnath, Cartesi’s developer advocate, expressed the need for improved digital literacy. He stressed
In 2023, web3 apps soared 124%, with blockchain gaming leading the way at 34% dominance. Non-fungible tokens (NFTs) and decentralized finance (DeFi) also surged, reaching $103 billion in TVL. According to a Jan. 11 study from blockchain analytics company DappRadar,
As we approach the end of 2023, the web3 ecosystem continues to evolve, marked by significant developments and emerging trends. One of the most prominent trends of 2023 has been the significant shift in the web3 gaming sector. Moving beyond
As debates on responsible development and use of AI continue to take center stage at global conferences, Google is collaborating with US start-up Anthropic on a number of initiatives, including AI guardrails. The collaboration focuses on AI safety standards, utilizing
Google has decided to amplify its presence in the artificial intelligence sector with a substantial $2 billion investment in Anthropic, an emerging AI startup, signaling robust confidence in the future of AI technologies. This move comes after Google forwarded $500
Bitcoin (BTC) briefly rose above $35,000 for the first time since May 2022, driven by speculation that U.S. regulators will soon approve a Bitcoin exchange-traded fund (ETF). The price of BTC reached $35,086 on Tuesday, up over 17% in 48
Universal Music Group (UMG), ABKCO, and Concord Publishing have teamed up to file a lawsuit against AI company Anthropic. The music publishers took to the Tennessee federal court, accusing Anthropic of using copyrighted song lyrics to train its AI chatbot,
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