Despite campaign finance charges being dropped in July, the prosecution has been granted permission to present evidence of Bankman-Fried’s political donations i… Source: https://cointelegraph.com/app/public/index.php/news/sam-bankman-fried-political-donations-allowed-upcoming-trial
Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin (BTC) monetary transfers. “There is minimal evidence that inscriptions are displacing monetary transfers,” on-chain analytics firm Glassnode explained in a Sept. 25 report. The firm explained that this is likely because inscription users tend to set low fee rates,…
Crypto influencer Ben Armstrong, formerly known as ‘BitBoy,’ reportedly spent the night in the slammer and has been hit with two charges following his conspicuous arrest. Armstrong, who was taken into custody on Sept. 25 while livestreaming outside a former associate’s house, spent a little over 8 hours in a cell according to the Gwinnett County, Georgia, Sheriff’s Office. The…
The co-founder of AirBit Club — a cryptocurrency pyramid scheme that swindled investors of over $100 million — has been sentenced to 12 years in prison for his role in a $100 million “pyramid scheme” that purported to be involved in crypto mining. The sentencing comes nearly seven months after Rodriguez — the co-founder of AirBit Club — pleaded guilty…
Prosecutors from the United States Department of Justice will be allowed to surface the details of Sam Bankman-Fried’s political donations as the evidence is directly relevant to his fraud charges, ruled U.S. District Judge Lewis Kaplan. The decision was part of a series of rulings made by Kaplan in a 16-page pretrial order on Sept. 26, where he cleared up…
The US Securities and Exchange Commission (SEC) has again delayed approval for a set of Bitcoin spot ETF applications that have accumulated in its inbox. One is GlobalX’s ETF application, for which a response was due from the agency on October 7 after the ETF provider joined the race later than competitors. However, it also delayed approval for the Ark/21Shares…
In a burgeoning technology scene dominated by giants like OpenAI and Google, NExT-GPT—an open source multimodal AI large language model (LLM)—might have what it takes to compete in the big leagues. ChatGPT took the world by storm with its ability to understand natural language queries and generate human-like responses. But as AI continues to advance at lightning speed, people have…
The Lone Star State of Texas is now the number-one U.S. state for Bitcoin mining, dwarfing rivals by hosting a whopping 28.5% of the nation’s hash rate. The estimate comes from Foundry, the world’s largest Bitcoin mining pool, which aggregated and published data sourced directly from its users. Back in 2021, the firm estimated that the Texas hash rate share…
The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Bankruptcy Judge Michael A. Kaplan approved BlockFi’s third amended Chapter 11 plan in a Sept. 26 court hearing, a filing on the same day shows. Sept. 26 court filing in the…
During his criminal trial slated to start next week, FTX founder and former CEO Sam Bankman-Fried won’t be able to tell the jury about his charitable works or the time he spent behind bars since his bail was revoked, according to a judge’s order on Tuesday. Addressing a series of motions from federal prosecutors and the former crypto mogul’s counsel,…
