OpenAI secures $1.5B funding from SoftBank, allows employees to cash out

Authorities seized $12.2 million worth of digital assets, real estate, and luxury cars during the arrest.

Though Sam Bankman-Fried could not attend the congressional hearing virtually due to his recent arrest in the Bahamas, United States lawmakers held no punches criticizing the former FTX CEO and business practices at the firm.As the sole witness before a hearing of the U.S. House Financial Services Committee on Dec. 13, FTX CEO John Ray…

The Basel Committee on Banking Supervision proposed tough requirements for banks that want to hold cryptocurrencies like Bitcoin. 3802 Total views 4 Total shares The Basel Committee on Banking Supervision (BCBS), a global committee of banking supervisors and central banks, has proposed new requirements for banks that want to hold cryptocurrencies like Bitcoin (BTC).In a…

China’s central bank, the People’s Bank of China (PBoC), has today, September 18, issued a new public notice “reminding” investors of the risks associated with Initial Coin Offerings (ICOs) and crypto trading.The notice, released from the bank’s headquarters in Shanghai, reiterates the severe line that has been adopted by the country’s Office for Special Remediation…

Big Four auditing firm Ernst & Young (EY) has launched a private beta test version of its new Smart Contract Analyzer tool for the public Ethereum (ETH) blockchain. The news was announced in an EY press release on April 16.The tool is described as a testing and security service that will allow companies and individual…

The crypto community has seen a tectonic shift in fundraising trends: from the decline of initial coin offerings (ICOs) to the hype around security token offerings (STOs) and then the rise of initial exchange offerings (IEOs). The inclination for fundraising seems to evolve every year. Similarly, 2019 brought with it a new way for crypto…

The trading card game, which features NFT cards, will now be available to Epic Games’ 230 million customers. 180 Total views 6 Total shares Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement.Gods Unchained…