Wollito UAB

U.S. prosecutors demanded “just punishment” fitting the scale of his crime, but Salame’s lawyers argue that he should serve no more than 18 months.

US prosecutors push for 5–7 years in prison for ex-FTX exec

United States prosecutors want former FTX executive Ryan Salame — the alleged wingman of FTX co-founder Sam “SBF” Bankman-Fried — to serve five to seven years i...

3 months ago

Diamond Standard Co. has introduced a blockchain payments system that uses diamonds as backing collateral for transactions.

Diamonds Standard Co. uses precious gems to back payment network

In an effort to sidestep the regulatory challenges faced by many centralized exchanges and payment services, Diamond Standard Co. has introduced an alternative blockchain payment system called C...

3 months ago

The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case.

Uniswap responds to SEC Wells notice: ‘We are ready to fight’ for DeFi

Uniswap Labs, the developer behind the decentralized exchange of the same name, has responded to the United States Securities and Exchange Commission (SEC) issuing a Wells notice to th...

3 months ago

Five U.S. asset managers bidding for an Ether ETF have amended their 19b-4 filings with the SEC.

‘It’s happening’ — 5 Ethereum ETF bidders amend SEC filings

Five potential spot Ether exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the United States Securities and Exchange Commiss...

3 months ago

Mint Town CEO Hiroshi Kunimitsu said integrating into the Oasys blockchain lets fans experience the story in a new way.

Captain Tsubasa NFT soccer game debuts on Oasys blockchain

Japanese manga and anime series Captain Tsubasa has launched its nonfungible token (NFT) soccer game on the Oasys blockchain, a platform focused on Web3 gaming. On May 20, Oaysis...

3 months ago

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.

Genesis Global secures court approval for $3B payout

Bankrupt cryptocurrency lender Genesis Global has secured court approval to return about $3 billion in cash and cryptocurrency to its creditors. This decision leaves its parent company, Digital ...

3 months ago

The company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.

Microsoft faces multibillion-dollar fine in EU over Bing AI

Microsoft could be fined up to 1% of its annual revenue in the European Union if it doesn’t respond to a request for information by May 27. The threat stems from a request ...

3 months ago

The company’s head of alignment, Jan Leike, resigned on May 17, stating they’d reached a “breaking point” with management.

OpenAI leadership responds to former employee safety allegations

Sam Altman and Greg Brockman, the CEO and president of ChatGPT maker OpenAI, respectively, recently took to X.com to publicly discuss the recent departure of Jan Leike, arguably the company&rsqu...

3 months ago

It was speculated that Gensler’s vote secured the launch of spot Bitcoin ETFs in January — and the same five commissioners are set to vote on Ether ETFs this week.

Spot Ether ETFs will come down to a 5-person vote: Gensler the decider?

The fate of spot Ether exchange-traded funds could be decided this week by a single vote from Gary Gensler, the chair of the United States Securities and Exchange Commission — if hist...

3 months ago

The transfer of the bankruptcy claim from FTX EU to FTXcreditor could have a significant impact on stakeholders.

Small creditors put at risk by latest FTX bankruptcy development

A significant claim against FTX EU — previously known as K-DNA Financial Services —has been transferred to FTXcreditor in the latest development in the FTX bankruptcy case. The trans...

4 months ago