Industry
Core Scientific Debtors File for Bankruptcy Court Approval of New President
The debtors behind bankrupt cryptocurrency mining firm Core Scientific have filed a motion seeking approval to hire a permanent president.Herman HayesCircle and BlockFi Questioned by Warren and AOC over Banking with SVB
Executives from stablecoin issuer Circle and bankrupt cryptocurrency lender BlockFi have been questioned by two members of Congress who are investigating alleged "mutually beneficial arrangements" allegedly with the now-defunct Silicon Valley bank.Herman HayesCoinbase wins $470,000 in insider trading case
The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme.Herman HayesPush to ban ransomware payments after Australia's biggest cyber attack
The Australian government has been forced to ban online ransom payments, often requiring payment in cryptocurrency, after a local business suffered a massive data breach and subsequent ransom demands.Herman HayesHong Kong Virtual Bank Offers Crypto Conversions and Accounts
According to reports, ZA Bank, the largest virtual bank in Hong Kong by assets, will provide encrypted account services and facilitate the exchange of cryptocurrencies and fiat currencies.Herman HayesRen Protocol transfers all assets to FTX debtor's wallet in case of closure
Ren Protocol, a cross-chain bridging platform, announced that FTX, Alameda Research and other affiliates acquiring the platform in 2022 have authorized and directed the platform to transfer all of its crypto assets to the wallets of FTX debtors.Herman HayesElon Musk reportedly bought thousands of GPUs for Twitter AI project
Elon Musk, CEO of SpaceX, Tesla and, by October 2022, Twitter, recently made headlines for spearheading a letter calling for a halt to the development of artificial intelligence (AI) due to societal concerns.Herman HayesOpenAI launches bug bounty program to combat system bugs
Amid privacy and cybersecurity concerns and recent bans in various countries, artificial intelligence (AI) company OpenAI has released a plan to address vulnerabilities.Herman HayesChainalysis and Calgary Police Launch Cryptocurrency Investigative Center
Dubbed the Western Canada Cryptocurrency Investigative Center, a joint task force comprising investigators from the Calgary Police Department and analysts from blockchain data firm Chainalysis officially launched on April 12.Herman HayesFirst mover in Asia: Ether climbs past $2,100 to further fuel surge after Ethereum Shanghai upgrade
Bitcoin also continued on a more modest trajectory, slowly approaching $31,000. Plus: CoinDesk columnist considers Shapella's immediate and potential long-term implications.Seth RowdenThings to Know About the Ethereum Shanghai Upgrade
Cryptocurrency watchers have turned their attention to ethereum this week as the currency undergoes an upgrade that some believe could negatively impact the coin's price, at least in the short term.Seth RowdenBankrupt digital asset exchange FTX reportedly repossesses over $7B in crypto assets
Bankrupt digital currency exchange FTX has reportedly recovered more than $7.3 billion in cash and liquid digital assets. This represents an apparent increase of over $800 million since January 2023.Seth RowdenG20 Countries Aim to Develop Global Framework to Address Crypto-Related Risks
The G20, an intergovernmental forum of 19 countries and the European Union, plans to develop a common framework to help all countries address the risks associated with investing in cryptocurrencies.Seth RowdenChinese authorities impose security review on artificial intelligence services
Governments around the world are faced with how to respond to the rapid rise of artificial intelligence (AI).Seth RowdenTech giant Alibaba launches ChatGPT rival AI
The Chinese e-commerce giant has entered the global artificial intelligence (AI) race with its own version of a chatbot assistant. Alibaba announced the launch of a ChatGPT-like product in the "near future."Seth RowdenSEC Seeks to Expand Its Crypto Assets and Networks Division
U.S. regulators have been putting pressure on the crypto space over the last year, even more so in light of the demise of FTX and the collapse of Silicon Valley Bank.Seth RowdenBitcoin Miner CleanSpark Buys 45,000 ASICs for $145 Million
April 11, Bitcoin in the United States, Miner CleanSpark announced the purchase of 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) miners for $144.9 million.Seth RowdenMetaMask Launches New Crypto-Fiat Buying Feature
Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced a new feature that allows users to purchase cryptocurrencies with fiat currency directly from its portfolio Dapp.Seth RowdenBinance CEO CZ: Regulators need a deep understanding of cryptocurrencies to make proper rules
During a fireside chat during the Web3 festival in Hong Kong, Binance CEO Changpeng Zhao (CZ) said that cryptocurrency regulators must have a deep understanding of the industry to facilitate proper cryptocurrency regulation.Herman HayesT. Rowe Price, WisdomTree Join Avalanche Subnet for Forex Testing
Financial Markets Firms T. Rowe Price Associates, WisdomTree, Wellington Management and Cumberland Join Avalanche.Herman Hayes
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