Tag: News

Sam Bankman-Fried’s Ongoing Legal Saga Captivates Hollywood’s Interest – Blockchain News, Opinion, TV and Jobs

The conviction of Sam Bankman-Fried, the founder of FTX, who was charged with seven counts of fraud and conspiracy, has now capitvated the interest of Hollywood. The verdict came after a trial that lasted just over a month in federal court in New York City. Bankman-Fried had cheated investors and customers out of over $10 billion through FTX and his cryptocurrency trading firm, Alameda Research. The Charges and Potential Consequences The charges brought against Sam Bankman-Fried carry a maximum prison term of 110 years, as stated by federal prosecutors. The…

Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4

boss

Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal receives subpoena from the U.S. SEC, and Invesco Galaxy’s spot Bitcoin ETF joins DTCC website. Top Stories This Week Sam Bankman-Fried found guilty, what’s next for the crypto king? Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberation. He was convicted of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of…

Value of X halves, CME rises among top Bitcoin futures exchanges, and other news

boss

The crypto industry continues to anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States as more investment managers file amended applications with the Securities and Exchange Commission (SEC). The high level of anticipation has even caused the Chicago Mercantile Exchange (CME) to leap positions among derivatives exchanges in terms of Bitcoin (BTC) open interest, overtaking traditional crypto exchanges and highlighting the demand for a spot Bitcoin product. The CME also saw its cash-settled futures contracts exceed 100,000 BTC in volume recently. In the week’s negative…

Injective Chooses Kava Native USDT for its Perps Trading – Blockchain News, Opinion, TV and Jobs

Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has selected the Kava Chain’s Native USDT for their Perps trading. The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos. This collaboration is poised to bring significant benefits to users of both platforms, signaling that this transformative partnership is set to reshape the world of DeFi. The integration of Kava Chain’s capabilities with Injective’s revolutionary DeFi technology is set to offer a host of advantages…

AI chatbots are illegally ripping off copyrighted news, says media group

Artificial intelligence developers heavily rely on illegally scraping copyrighted material from news publications and journalists to train their models, a news industry group has claimed. On Oct. 30, the News Media Alliance (NMA) published a 77-page white paper and accompanying submission to the United States Copyright Office that claims the data sets that train AI models use significantly more news publisher content compared to other sources. As a result, the generations from AI “copy and use publisher content in their outputs” which infringes on their copyright and puts news outlets…

SBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28

boss

Top Stories This Week Sam Bankman-Fried takes the stand on FTX’s collapse Sam “SBF” Bankman-Fried testified this week in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research while acknowledging making “big mistakes” during the companies’ explosive growth. Highlights of his testimony include denying directing his inner circle to make significant political donations in 2021, as well as claims that FTX’s terms of use covered transactions between Alameda and the crypto exchange. Additionally, Bankman-Fried testified that he requested additional hedging…

Bitcoin Is Not Gold – Why Spot ETF May Not Be ‘Sell the News’ Event: EY’s Brody

Could be, allowed Brody, but he reminded that bitcoin is an asset that producers can’t supply more of when prices go higher. That’s unlike gold, a competing store of value to bitcoin, where miners amp up production as prices rise, said Brody. “The issuance rate of bitcoin is set,” he added. “We might discover that pricing in bitcoin is more inelastic” than other types of assets. Source

Bitcoin’s Rally to $35,200 Fueled by Optimism for Spot ETFs and Upcoming Halving Event – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) experienced a remarkable surge last night, briefly hitting $35,200. This surge can be attributed to several compelling factors. Among these factors are the eagerly anticipated halving event and the growing confidence among investors regarding the approval of BTC Spot ETFs. This surge not only marks a significant price movement but also underscores Bitcoin’s current momentum relative to the broader digital asset market. The cryptocurrency market is no stranger to volatility, but Bitcoin’s recent ascent to $35,200 has captured the attention of investors and enthusiasts alike. Matteo Greco, a…

Google Conducting Another Round of Layoffs in Its News Division

Over the last 2 years, there have been a few cuts within the company as part of its goal to “deliver durable savings through improved velocity and efficiency”. Tech giant Google LLC (NASDAQ: GOOGL) has cut at least 40 jobs in its Google News division. According to those familiar with the matter, the reason behind the layoff round is the uncertainty and sensitive time for online platforms and publishers. The exact number of those who lost their job at the Google News unit is not confirmed. As the spokesperson stated,…