Ex-FTX CEO ends up in Oklahoma prison despite request from judge
Records show Sam Bankman-Fried was in the Federal Transfer Center in Oklahoma City, suggesting authorities may still transfer him to a prison in California.
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US Court Denies Ex-Mt. Gox CEO Karpeles’ Motion to Stay Lawsuit Against Him
Former CEO of now-defunct Bitcoin (BTC) exchange Mt. Gox, was denied his motion to stay the United States lawsuit against him in light of rehabilitation proceedings in Japan, fintech news agency FinanceFeeds reported on March 1.On Thursday, Feb. 28, the motion by ex-Mt. Gox CEO Mark Karpeles was reportedly denied by the Illinois Northern District…
South Korean regulator proposes strict new rules for token issuers
The FSC wishes to establish a system that would recover illegally gained funds, dole out criminal punishments, and protect investors from future malfeasance. 236 Total views 3 Total shares South Korea’s Financial Services Commission (FSC) has issued a report outlining its new definition of cryptocurrencies, along with proposed procedures for token issuers and punishments for…
Water & Music’s Cherie Hu says Web3 and AI will revolutionize creativity: The Agenda
Curiosity might have killed the cat, but for musicians, it’s often the launchpad of creativity and innovation. 2023 saw the rapid growth of OpenAI’s powerful ChatGPT artificial intelligence tool, and technologies like Midjourney and Dall-E have provided content creators the ability to literally become a one-man band — or a one-person production studio.Keeping pace with
Nifty News: Mayweather returns to crypto ring after legal KO… Reef gets NFTs
Legendary boxing champion Floyd Mayweather is taking another jab at the crypto space by launching a new NFT and Metaverse project called the Mayweverse.The nonfungible tokens (NFT) will feature the likeness of Mayweather himself and provide various utilities and prizes for holders depending on the rarity of the item. Little more is known about the…
Sushi sets up legal defense fund after SEC subpoenas head chef Jared Grey and DAO itself
The DAO said it would not be commenting on “ongoing legal investigations,” but its existing $100,000 defense fund was apparently not enough. 327 Total views 3 Total shares Own this piece of history Collect this article as an NFTSushi DAO proposed the creation of a legal defense fund on March 21 in response to the…
Mainstream approval critical for blockchain games — Gaming execs
Web3 game developers have been battling to gain the attention of mainstream audiences for years, and according to three former gaming executives, that market is essential for the industry’s future. Video games have become a favorite pastime for a lot of people all over the world and have even evolved into a sport. Overall, there are
Binance distances from WazirX as Indian regulators keep chasing crypto
The Twitter exchange between WazirX co-founder Nischal Shetty and Binance CEO Changpeng “CZ” Zhao over the ownership of the Indian crypto exchange grabbed a lot of headlines in the first week of August. WazirX was reportedly acquired by Binance in 2019, and ever since then, the Indian crypto exchange has been referred to as “Binance-owned”; however,…
Advances in Blockchain Drives Banks Toward Digital Currencies, Says Bank of Korea
Advances in payment settlements and decentralized ledger technology are driving central banks to consider digital currencies, according to a recent Bank of Korea report. 2956 Total views 76 Total shares South Korea's central bank, the Bank of Korea, has conducted new research and analysis on the progress of central bank digital currencies — or CBDCs…