A U.S. judge today said yes to the sale of FTX-owned derivatives trading platform LedgerX—at a massive loss. In a Thursday hearing, Judge John Dorsey quickly authorized the sale to private equity firm M7 Holdings. “Well, that was easy,” he said at the short hearing when no one voiced any objections. LedgerX CEO Zach Dexter wrote on Twitter that he…
The judge said he read all the papers and declarations related to the FTX debtors’ motion for the sale of LedgerX and was “satisfied” with the proceedings. Source: https://cointelegraph.com/app/public/index.php/news/ftx-bankruptcy-judge-approves-sale-of-ledgerx
A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot is “the new crypto” for bad actors and the social media giant is preparing for various abuses. Malware Inspired by Chatgpt Is on the Rise, Facebook’s…
Greg Gianforte, the Governor of Montana, has signed into law a bill largely preventing local governments in the state from passing laws prohibiting cryptocurrency mining. According to records with the Montana legislature, Gianforte signed SB178 into law on May 2 after the bill had passed both the state House and Senate. The legislation effectively enshrines crypto miners’ rights in the…
The Los Angeles County Museum of Art (LACMA) took a big step into the NFT world in February when it announced the acquisition of a valuable collection of tokenized artwork. But the famed art museum isn’t just collecting—it’s also working with noted Web3 creators to pay homage to classic art in new and experimental ways. LACMA’s “Remembrance of Things Future”…
The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy stated that the United States would prioritize standards development in eight areas. Among the prioritized areas are “digital identity infrastructure and distributed ledger technologies, which increasingly affect a range of key economic sectors.” “Distributed ledger” is a…
Cryptocurrency exchange Coinbase reported a loss for the first fiscal quarter, but the chills of crypto winter nipped at the San Fransisco-based firm far less than expected. The leading U.S. cryptocurrency exchange disclosed a Q1 loss of $79 million, its fifth straight quarterly loss. But, on a per-share basis, the exchange posted a loss of $0.34, far outperforming analyst expectations…
Coinbase’s legal battle for regulatory clarity over the trading of digital crypto assets saw a development as a U.S. court responded to its complaint against th… Source: https://cointelegraph.com/public/index.php/news/sec-has-10-days-to-respond-to-coinbase-complaint-legal-exec
XSET’s Brycent shares his advice for Web3 content creators with Decrypt’s Kate Irwin, including which social media platform is best for posting content. Source: https://decrypt.co/videos/interviews/o19nZCeN/brycents-advice-for-gaming-content-creators
Barry Silbert, the founder and CEO of Digital Currency Group (DCG), has sold some of his Grayscale Ethereum Classic Trust (ETCG) shares, according to a recent SEC filing. DCG is one of the largest crypto conglomerates on the market and counts Grayscale Investments, the trust’s issuer, as one of its subsidiaries. According to the filing, Silbert has moved to liquidate…
