Prosecutors intend to use personal notes and diary entries from Alameda Research CEO Caroline Ellison as evidence against FTX co-founder Sam Bankman-Fried at his criminal trial. In an Aug. 14 filing, prosecutors said they would bring forward a collection of Ellison’s personal to-do lists and notes including one titled “Things Sam is Freaking Out About.” The note summarizes conversations between…
Month: August 2023
Silvergate CEO to depart amid ongoing liquidation and investor suits
Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of the once crypto-friendly bank. Lane and the firm’s chief legal officer John Bonino will depart on Aug. 15, while Antonio Martino, chief financial officer of the company, will depart on Sept. 30. In an Aug. 15 filing to the Securities…
Donald Trump’s Ethereum wallet holds $2.8M, new statement shows
A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. The statements shared on Aug. 14 by the non-profit watchdog Citizens for Responsibility and Ethics in Washington show Trump made over $4.8 million from licensing fees tied to nonfungible token (NFT) collections using his image — with Trump netting around $7.6…
Adidas and BAPE Team for Ultra-Limited Sneakers With Digital Twins
Apparel brands Adidas Originals and BAPE have unveiled a limited-edition sneaker collaboration for the Triple-White Forum 84 BAPE Low, which will be auctioned off and paired with a “digital twin” NFT version of the kicks that can potentially be worn in the metaverse. Supported by the Adidas /// Studio (Three Stripes Studio), the auction will be centered around redeemable NFTs…
Silvergate CEO Departs With Benefits as Bank Shutdown Continues
Silvergate CEO Alan Lane and Chief Legal Officer John Bonino left the company on Tuesday as the firm, once known for its crypto-friendly bank, continues to wind down operations. Their departures from the California-based company—which entered into voluntary liquidation in March—are effective immediately and represent the latest phase of the shutdown process, according to a filing with the Securities and…
Google and iCAD to Harness AI in Cancer Detection and Care
Google has teamed up with medical technology leader iCAD to leverage the power of artificial intelligence to transform cancer screening and care. Under the agreement, Google’s state-of-the-art deep learning technology will be integrated into iCAD’s ProFound Breast Health Suite for mammography reading. This means that—upon regulatory approval— Google’s AI could act as an independent reader to analyze mammograms and detect…
Illuvium’s collapsing token represents the problems with GameFi
Blockchain games began as a means to effectively test technology’s true potential. However, making sure they reach that potential remains a challenge. While Illuvium was one of the most highly anticipated crypto game releases in history, the price of its ILV token has fallen significantly since 2021 — to the tune of 97%. The project’s developers have not released anything…
Donald Trump Crypto Wallet Holds Over $5 Million, New Filings Show
Former President Donald Trump was recently revealed to be the owner of an Ethereum wallet that held about half a million dollars in value. Now, it turns out that he may own much more—putting the high-profile crypto-skeptic in the ‘whale’ category. In a fresh set of financial disclosure documents submitted to the Office of Government Ethics, Trump reports owning just…
Bitcoin price action is beginning to mirror BTC’s 2015-2017 pre-bull market cycle
A recent report by the research firm Delphi Digital illustrates the predictable consistency of price action and trends within the crypto market. The report delves into the interconnectedness between the 4-year Bitcoin (BTC) cycle and broader economic trends. According to Delphi Digital analysts, the ongoing consolidation at $30,000 is similar to the period between 2015 and 2017, with indicators pointing…
Stellar Invests in MoneyGram in Bid to Be a ‘Digital-Forward’ FinTech Leader
Cross border crypto payments network Stellar today announced an investment in major money transfer company MoneyGram International. In a Tuesday statement, the foundation behind XLM said it had become a minority investor in MoneyGram using money from its own cash treasury. The Stellar Development Foundation’s Director of Communications and Public Affairs Ellen Canale told Decrypt that the “investment isn’t specific…