Global tech giant Google is massively upping its investment in Anthropic, creators of Claude AI. The $2 billion investment, first reported by the Wall Street Journal and confirmed by an Anthropic spokesperson to Decrypt, will be made in two payments of $500 million and another of $1.5 billion. This $2 billion commitment from Google is a significant step up from…
Binance CEO Changpeng Zhao’s crypto empire has fallen over 80% from its January 2022 peak of almost $97 billion. Source: https://cointelegraph.com/public/index.php/news/binance-ceo-changpeng-zhao-fortune-slashed-billionaires-index
During his testimony on Friday, Sam Bankman-Fried told the court that he intended to sell FTX to cryptocurrency exchange Binance when the firm was in its infancy. As Bankman-Fried worked with FTX co-founder Gary Wang in 2019 to construct the now-bankrupt exchange in Hong Kong, he said he already knew he wanted it to specialize in margin trading and offer…
Hester Peirce of the United States Securities and Exchange Commission (SEC) has issued a dissenting opinion on the regulator’s lawsuit against blockchain firm LBRY. In an Oct. 27 statement, Peirce described feeling “unsettled” following the SEC’s enforcement action against LBRY in March 2021. In November 2022, a judge ruled in favor of the SEC, stating that the firm’s LBC token…
Amid myriad legal accusations surrounding its AI services, Google stands its ground, vowing to protect its users. Source: https://cointelegraph.com/app/public/index.php/news/google-ai-law-art-copyright
The former FTX CEO returned to the witness stand to present his testimony to a jury of 12 people as the criminal trial began to reach its final stages. Source: https://cointelegraph.com/public/index.php/news/sam-bankman-fried-testimony-jury
Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November, according to multiple customer emails shared with Cointelegraph. In response to a request for comment from Cointelegraph, a Kraken spokesperson said, via email, “we constantly monitor the assets on our platform to ensure we are meeting the highest compliance standards in the crypto…
The former FTX CEO returned to the witness stand to present his testimony to a jury of 12 people as the criminal trial began to reach its final stages. Source: https://cointelegraph.com/app/public/index.php/news/sam-bankman-fried-testimony-jury
Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust (GBTC). They were used as collateral to secure loans made by 232,000 Gemini users to Genesis through the Gemini Earn Program. That collateral…
Bitcoin (BTC) has been trading above $33,600 for the past two days, indicating that the bulls are not rushing to the exit. After a sharp rally, if the price does not give up much ground, it may cause FOMO and ignite another round of buying. That could push the markets further into overbought territory. However, such rallies are rarely sustainable.…
