FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction. In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried’s previous attempts to tamper with two witnesses while on pretrial release was a…
BlackRock met with the U.S. Securities and Exchange Commission to discuss its spot Bitcoin exchange-traded fund (ETF) application. Posts circulated on Twitter about a meeting where officials from the Wall Street regulator met with the world’s biggest fund manager. Ultimately, a note from the SEC revealed that the meeting focused on the fundamentals of how the investment vehicle would work—and…
DUST, the native token for NFT collection DeGods, rallied from $0.62 to almost $0.80 today on the heels of a weird and totally unsubstantiated rumor that the new Grand Theft Auto will feature the cryptocurrency. The rumor has since been shot down, but it was enough to send the token—down over 90% from its all-time high—on a wild ride. DUST…
As the year winds down, every gaming company and its dog are dropping year-in-review reports. A recent report from blockchain gaming accelerator Game7 suggests that many game developers had an enforced nap instead of pumping out new games. This year, just 223 Web3 games were launched which is a 65% drop from the 640 games launched in 2022, and even…
CbatGPT developer OpenAI announced last week that it had fired CEO Sam Altman due to a loss of confidence by the board — only to see him return to the company after 90% of OpenAI staffers threatened to resign. The firing caused a flurry of excitement from companies offering to match OpenAI salaries in an attempt to lure top-tier talent.…
Securities and Exchange Commissioner Hester Peirce added another jolt of liveliness to the ever-frenzied discourse surrounding the potential of a spot Bitcoin ETF, expressing in a recent interview her belief that the SEC shouldn’t stand in the way of the ETF’s approval. “I think I’ve been very transparent that I’ve thought for many years now, that there is no reason…
Crypto exchange Binance and its CEO pleading guilty to money laundering charges sheds new light on why the company may have been moving billions worth of stablecoins in the weeks before the settlement was finalized. A $3.9 billion Tether (USDT) transaction, completed on November 9, is uncannily close in value to the $4.3 billion penalty that Binance agreed to pay…
After the successful launch of a text-to-image model, a controversial launch of a text-to-music model, and a largely unnoticed launch of a text generation model, Stability AI has just announced the release of Stable Video Diffusion, a text-to-video tool that aims to carve a chunk out of the nascent generative video space. “Stable Video Diffusion [is] a latent video diffusion…
Bitcoin’s hash rate has hit a new all-time high—indicating that the network is stronger than ever. Just in time for next year’s highly anticipated halving. The total Bitcoin hash rate hit 491 exahashes per second (TH/s) Wednesday, according to data from Blockchain.com. This means that every second, mining machines around the world securing the Bitcoin network are making 491 quintillion…
Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.” In a Nov. 22 X post, Nansen said roughly 24 hours after the United States Department of Justice announced a $4.3-billion settlement with Binance, the exchange has…
