Here’s how the former FTX CEO may have spent his time behind bars since a judge revoked his bail in August. Source: https://cointelegraph.com/public/index.php/explained/sam-bankman-fried-jail-before-ftx-trial
Month: October 2023
Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report
Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy. Source: https://cointelegraph.com/public/index.php/news/alameda-sent-4-billion-dollar-ftt-tokens-to-ftx-nansen-report
Warner Music’s Head of NFTs and AI Departs: Report
Warner Music Group’s chief digital officer has spearheaded the major label’s embrace of emerging technologies including blockchain and AI for the last three years. But this week, she left the post. Oana Ruxandra resigned from the position and will soon announce her next move, according to internal company emails first reported by Billboard. According to a memo circulated within Warner…
Social Protocol Stars Arena Takes on Friend.Tech While Boosting AVAX
Since its launch in late September, Stars Arena—once known as Starshares—has drawn a significant increase in transactions on the Avalanche network. According to DappRadar, the Stars Arena platform recorded over 215,000 transactions on Monday, a sharp rise from the 16,000 daily transactions seen in late September. The transaction volume on the Stars Arena platform has also skyrocketed, exceeding $1.7 million…
Sam Bankman-Fried Trial Invoked Dogecoin and Solana on Day One—But Not FTT
Bitcoin, Ethereum, Dogecoin, and Solana: these are the coins that were mentioned during the proceedings of the first day of FTX founder Sam Bankman-Fried’s criminal trial. But the exchange’s native token, FTT, went notably unnamed. Within crypto circles, the token’s precipitous drop last November goes hand-in-hand with FTX’s sudden collapse. But as federal prosecutors presented their opening statements in New York…
Google Pours AI Powers Into Its New Pixel Phone and Home Assistant
Artificial intelligence fueled Google’s latest product extravaganza, with AI the highlight of new Pixel smartphones and an updated digital assistant. At its Made by Google event this week, Google unveiled the new Pixel 8 and 8 Pro smartphones powered by the company’s new Tensor G3 chips that leverage AI to boost performance. But the real showstopper was the announcement of…
Is Polygon in Trouble? Another Executive Departs Amid Crypto Market Downturn
Polygon co-founder Jaynti Kanani revealed on Tuesday that he’s been absent from daily work on the project for the past six months, having moved on to “new adventures” after helping launch it in 2017. “I decided to step back from the day-to-day grind,” Kanani tweeted on Wednesday. The developer said he remains confident in Polygon’s future, and is “bullish on Polygon…
Latin American Crypto Scene Shows No Signs of Stopping: Report
The bear market may have primarily struck the global north. According to a joint report published today by the University of Cambridge and the Inter-American Development Bank, the Latin American and Caribbean region—the LAC—saw significant growth from 2020 to 2022. Between June and August last year, a combination of 80 private enterprises and public sector institutions were surveyed, spawning the…
Nintendo 3DS and Wii U Going Offline in 2024—Here’s Why
Nintendo is calling it quits for broad online functionality for its past 3DS handheld and Wii U console, announcing plans to shutter multiplayer options, online rankings, and other features that require internet usage in early April 2024. The game publisher announced the news Wednesday in a Nintendo Support post, along with a Q&A section offering further details. According to the…
Former Ubisoft Execs Arrested in France Amid Sexual Harassment Investigation
Five former Ubisoft employees were taken into police custody this week, as a result of sexual harassment and assault allegations stemming from behavior that allegedly took place at the game studio and its corporate events more than three years ago. French newspaper Libération first reported the news Wednesday. Three of the former Ubisoft employees were taken in for questioning on…