Banking Giant Trials Blockchain for Issuance of Land-Backed Loans

A federal judge on Thursday warned Securities and Exchange Commission (SEC) attorneys that he may sanction them for allegedly convincing a court to freeze a crypto firm's assets under "false and misleading" pretenses, a court filing shows.According to an order issued by U.S. District Judge Robert Shelby of the U.S. District Court in Utah, the

Any U.S. Securities and Exchange Commission (SEC) approval of a spot bitcoin exchange-traded fund (ETF) will not be a game changer for crypto markets for a number of reasons, JPMorgan (JPM) said in a research report Thursday.While the SEC has yet to approve such an ETF – despite receiving numerous applications – there is now…

OpenAI co-founder Sam Altman is set to return as the chief executive officer of the artificial intelligence upstart nearly a week after he was ousted from the company's board, prompting backlash from employees and key stakeholders."We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial

It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a rejection of that truism, the answer was “yes.”You’re reading…

Nasdaq-listed software firm MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTC) , announced a 10-for-1 stock split on Thursday. The split will be effected on Aug. 1 and shares will be distributed after the Aug. 7 market close, the company said in a press release. Holders of class A and class B common shares

Jan 17, 2020 at 22:05 UTCUpdated Jan 17, 2020 at 22:38 UTCPlaintiffs in three separate putative class action lawsuits against Bitfinex and Tether have moved to consolidate their cases, according to a Thursday court filing.Court filings by David Leibowitz et al, Eric Young et al, and Bryan Faubus et al, accuse the sister companies of…

Tools for Humanity, the team behind Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. Worldcoin, a decentralized open source protocol, was co-founded by OpenAI CEO Sam Altman.The nine-figure funding round is a rare sight during an extended crypto…

May 20, 2020 at 14:11 UTCUpdated May 20, 2020 at 14:31 UTCThe new U.S. Space Force is one branch of the military that could benefit from blockchain usage, a new think tank report says. (Credit: United Launch Alliance / U.S. Air Force)The U.S. Department of Defense can’t afford to lose the global military blockchain race…

Oct 8, 2020 at 08:49 UTCUpdated Oct 8, 2020 at 08:51 UTCNoted bitcoin investor Tim Draper is backing a planned $5 million Series A funding round for Bangalore-based cryptocurrency exchange Unocoin.Announcing the news Thursday, the exchange said Draper Associates is currently lead investor with an undisclosed contribution, while XBTO Ventures and 2020 Ventures are also…