On Tuesday, for the first time in its 234-year history, the United States House of Representatives voted to oust its current Speaker, California Republican Kevin McCarthy, in the culmination of a months-long rebellion against the politician instigated by a handful of disgruntled lawmakers from his own party. Without precedent, the remarkable occurrence now throws the House into paralysis until a…
Cybercriminals have stepped up using AI tools to create deepfakes of celebrities, commandeering their likenesses to dupe their fans out of their money and cryptocurrency—with one report claiming such content grew by 87 percent in the last year. On Monday, YouTube giant Mr. Beast notified his over 24 million Twitter followers that he had been the victim of one such…
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl. In an Oct. 3 notice, the U.S. Justice Department announced indictments against several China-based chemical manufacturers as well as many of their employees, who allegedly used crypto transactions as…
![Latest update — Former FTX founder Sam Bankman-Fried trial [Day 1]](https://cryptosuperhero.com/wp-content/uploads/2023/10/Latest-update-—-Former-FTX-founder-Sam-Bankman-Fried-trial-Day-345x225.jpg)
Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam Bankman-Fried. As the saga unfolds, check below for the latest updates. Oct. 3: SBF trial begins The trial of Sam Bankman-Fried began on Oct. 3 with jury selection. Bankman-Fried is charged with seven counts of conspiracy and fraud in connection with the collapse…
“Wait, so it’s a metaverse thing? Fuck me!” So exclaimed a member of The Ned—an exclusive hotel with an annual fee of £3,465—to the door host before stumbling into a private bar opposite. I’m not sure if he was excited by the prospect of a metaverse rave or offended by it. I wasn’t sure either. Behind the doorman was a…
Although artificial intelligence has stolen much of crypto’s shine within the global investment community and financial press, its emergence may have created a silver lining for Bitcoin’s public image. Since OpenAI’s ChatGPT rose to prominence late last year, AI appears to be absorbing the heat often directed at Bitcoin related to electricity consumption and environmental harm. According to Hive Digital…
The low-key ex-CEO of Alameda Research Sam Trabucco may be called to appear as a witness or be discussed during Sam Bankman-Fried’s trial, a court was told today. Assistant U.S. Attorney for the Southern District of New York Danielle Sassoon this afternoon read a list of people who may testify or be related to the trial. She told a packed…
In 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint fiat-pegged stablecoins, including a U.S. dollar-based token called dUSD. It raised $10 million from investors that year, but it suddenly closed up shop in November 2022, citing “funding and…
Many former executives with cryptocurrency exchange FTX or its sister companies are on the list to testify in the United States Justice Department’s criminal case against Sam Bankman-Fried, or SBF. During jury selection for SBF’s trial on Oct. 3, Assistant U.S. Attorney Danielle Sassoon said former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, former FTX engineering director Nishad…
In Argentina’s first presidential debate, candidate and current minister of economy Sergio Massa shocked the country when he touted the possibility of a central bank digital currency (CBDC) were he to be elected. “We are going to set in motion a digital currency for Argentina,” he said in the Sunday debate. “Just like your children propose to trade with their…
