Judge Issues Default Judgment in ICO Fraud Lawsuit
A federal judge ruled against Monkey Capital after finding he defrauded victims in an initial coin offering.
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Sam Altman to Return as OpenAI CEO Following In-Principle Agreement
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
Circle Cuts Workforce, Ends Certain ‘Non-Core’ Activities; Will Continue Hiring Globally
Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday."To maintain our strong balance sheet, Circle is redoubling its focus on core business activities and execution,” a spokesperson for Circle told CoinDesk in an email. “As a result, we have reduced or ended investments in non-core activities…
Some Filipino Merchants Prefer Payment in Axie’s SLP
Inside SM Aura, one of Metro Manila’s many sprawling shopping malls, you’ll find a wonderfully whimsical “co-baking” space called Bakebe. Pronounced Bake-be, the idea is borrowed from a concept store in Hong Kong that uses an app to teach guests how to bake the cake of their dreams. Upon arrival, you’re greeted by a gaggle…
Superstate Debuts Tokenized Short-Term Treasury Fund on Ethereum to Compete for Zero-Yield Stablecoins
Blockchain-based asset-management firm Superstate debuted its first tokenized U.S. Treasury fund offering on the Ethereum (ETH) blockchain, the company said Thursday in a press release. Superstate created its own private fund to directly hold short duration Treasury bills, and is targeting returns in line with the federal funds rate. Investors may make deposits in U.S.
Grin Mining Launch Draws Interest From Deep-Pocketed Investors
news Grin, a new privacy-oriented cryptocurrency, has long drawn the interest of cypherpunks. But another group turned out in force to mine on the network that formally launched on Tuesday: investment firms. “We have been watching the whole show today. With maybe the most expensive genesis block one in history,” Dovey Wan of Primitive Ventures…
Exiled Bitmain Co-Founder Is Fighting Back With Second Lawsuit
Micree Zhan is fighting back with second lawsuit to regain control of the mining giant. Image via CoinDesk archives.Micree Ketuan Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in his home country.A recent notice from the Changle District court…
Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced This Fall
Former FTX Director of Engineering Nishad Singh and former Chief Technology Officer Gary Wang are set to be sentenced this fall in the ongoing criminal case against what was once a global crypto exchange before it collapsed in historic fashion near the end of 2022. Singh and Wang, who both pleaded guilty to criminal charges
‘I Just Want to Keep Things Moving’: Judge Makes No Ruling in SEC-Binance Document Dispute
WASHINGTON, D.C. – A U.S. judge declined to order Binance.US to make its executives more available for depositions, or for the U.S. Securities and Exchange Commission (SEC) to back down in its demands for more documents during a hearing Monday.Rather, Magistrate Judge Zia Faruqui urged the two parties to work on the various discovery requests