April 10, 2024
EU Watchdog: 90% of Crypto Trading Confined to 10 Exchanges
Ten cryptocurrency exchanges account for 90% of the market’s trading. And that concentration could be a problem, according to a report issued Wednesday (April 10) by the European Securities and Market Authority (ESMA)....
April 09, 2024
Keytom Launches Digital Asset-Focused Neobank
Keytom, a neobank centered around digital assets, has announced its launch. The Dubai-based company said its goal is to introduce “a new era of financial management by organizing all digital...
April 05, 2024
Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier that the company and Kwon...
April 01, 2024
Bankman-Fried Says He’s ‘Haunted’ by FTX Collapse
“I never thought that what I was doing was illegal.” So said Sam Bankman-Fried, giving his first jailhouse interview to ABC in a report published Monday (April 1), days after the FTX...
March 28, 2024
SBF May Be 57 When He Finishes Serving Time
When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s legal defense hewed to on...
March 28, 2024
Sam Bankman-Fried Gets 25-Year Sentence for $8B Crypto Fraud
Sam Bankman-Fried, the once-celebrated entrepreneur behind the FTX cryptocurrency exchange, has been sentenced to 25 years in prison for orchestrating one of the largest financial frauds in US history. US...
March 27, 2024
FTX Creditors: Bankruptcy Estate Could Have Revived ‘Thriving’ Business
Earlier this year, bankrupt cryptocurrency firm FTX called off plans to resurrect its exchange. And that was a missed opportunity, some of the company’s creditors told The Wall Street Journal in a report published...
March 24, 2024
FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth...
March 21, 2024
Cohere Targets $5 Billion Valuation for ChatGPT Rival
Canadian artificial intelligence (AI) startup Cohere is reportedly in advanced discussions to raise $500 million. That funding would value the company — which makes foundation models to compete with ChatGPT creator OpenAI...