Nishad Singh, the former director of engineering at FTX, testified in the case of ex-FTX CEO Sam Bankman-Fried on Oct. 16. During his testimony, Singh confessed to committing several crimes, such as fraud and campaign finance violations, which were purportedly carried out in collaboration with Bankman-Fried and others. Singh reached a plea deal with prosecutors […]

Gensler reportedly fears big tech’s stranglehold on AI technologies homogenizing the financial market. United States Securities and Exchange Commission chair Gary Gensler has reportedly stated that, without some form of intervention, a financial crisis stemming from the widespread use of artificial intelligence was “nearly unavoidable.”  The chair’s comments came during an interview with the Financial […]

Stock markets flashed green at the weekly open, and crypto prices followed. After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are […]

On Monday, Tether, the leading stablecoin issuer, revealed it had frozen 32 addresses allegedly linked to activities involving war, terrorism, and crime. These USDT accounts are said to have ties to suspicious operations in Israel and Ukraine. The firm further disclosed that it is actively collaborating with Israel’s National Bureau for Counter Terror Financing (NBCTF) […]

The U.S. Securities and Exchange Commission (SEC) has published its key focus areas for examining market risks and participants in fiscal year 2024, unveiling heightened scrutiny on crypto assets, blockchain, and other emerging financial technology. Written and published by the SEC’s Division of Examinations, these standards will prioritize risk areas that pose emerging threats to […]

The SEC sets examination priorities based on feedback from examiners and input from investors and the industry. The United States Securities and Exchange Commission released its 2024 examination priorities report on Oct. 16. The agency’s Division of Examinations has been publishing similar reports for over a decade to let its registrants know the emerging risks […]

Manta Pacific’s ZK-application-focused network will integrate with the Polygon ecosystem through the Chain Development Kit software. Manta, a blockchain network focusing on zero-knowledge (ZK) applications, will migrate its software from OP Stack to Polygon CDK, according to an October 16 announcement. This means that Manta will not be integrated into the upcoming Optimism Superchain and […]

PRESS RELEASE. USA, 230928 – The Worldwide AI & Web3 Summit, held on September 28 – 29, 2023, brought together industry leaders from enterprises such as HAI Stanford, Berkeley/HAAS, Google Deepmind, NVIDIA, and Meta to explore the intersection of AI and Web3 technologies and their potential to transform various sectors. Web3 – the recently emerging […]

Coinspeaker OSL Exchange’s Owner BC Technology Considering Sale for HK$1 Billion BC Technology Group, the parent company and owner of Hong Kong crypto exchange OSL is looking to sell the exchange. According to a Bloomberg article referencing people familiar with the matter, BC hopes to complete the OSL sale at a HK$1 billion ($128 million) price tag. […]

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