Nearly a month after Do Kwon’s arrest by Montenegro law enforcement, local prosecutors have now indicted the co-founder and CEO of Terraform Labs. The decision to indict Kwon is likely to delay attempts to extradite him to South Korea and the United States where he faces several charges. Local prosecutors have reportedly asked a court to extend Kwon and his…
The Texas House of Representatives approved a bill that would require crypto exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” on April 20. Should the bill pass the Senate and receive the governor’s signature, it could become law by September 1, 2023. The bill introduces amendments to the Texan Finance Code, namely to its Section…
The rapid development of AI is undoubtedly causing headaches for legislators and court systems globally as they struggle to deal with the technology. Source: https://cointelegraph.com/public/index.php/news/michael-schumacher-s-family-to-pursue-legal-action-over-ai-interview
Bitcoin’s price risks more downside as $28,000 is now a key level to hold in order to avoid a return to the mid-$20,000s. Source: https://cointelegraph.com/news/bitcoin-price-fills-cme-futures-gap-but-forecasts-say-25k-may-be-next
Albania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring of 2021 and was arrested last year by Albanian law enforcement. Albania Hands Over Alleged Crypto Fraudster to Turkish Authorities Faruk Fatih Ozer, founder and…
The exchange reports its new Indian engineering hub will be second in size behind its hub in the United States. Source: https://cointelegraph.com/news/gemini-flags-big-plans-for-asia-with-india-hub-and-regional-ceo
A German magazine has used artificial intelligence (AI) to simulate an interview with former Formula One driver Michael Schumacher and now his family said they’ll pursue legal action over the matter. The German magazine Die Aktuelle released on April 14 promised “the first interview!” with Schumacher since he suffered a serious brain injury in a 2013 skiing accident. The front…
Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh), according to the company. Terawulf Fires up 50 MW Zero-Carbon Bitcoin Mining; Aims to Reach 5.5 EH/s…
Some pundits shared harsh sentiment toward a new euro-pegged stablecoin, but it’s not publicly accessible for the time being. Source: https://cointelegraph.com/public/index.php/news/worst-code-i-ve-ever-seen-euro-stablecoin-faces-centralization-criticism
Nearly two-thirds (62%) of Americans think implementing artificial intelligence (AI) in the workplace will have a “major impact” on American workers within the next 20 years, leaving many employees “wary” and “worried” about what their future holds. An April 20 Pew Research report found 56% of the 11,004 adults surveyed in the United States said AI will have a major…
