As founder Sam Bankman-Fried (SBF) prepares for trial on fraud charges in the U.S., a recent Wired magazine article highlights how the failure of cryptocurrency exchange FTX affected users worldwide. Taking a moment to reconsider that which was lost by so many around the world feels fitting ahead of SBF’s…
New York-headquartered crypto exchange Gemini has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet regulators’ requirements but says it intends to return to the Dutch market. In a letter to its Dutch users on Sept. 26, Gemini asks…
French regulators recently raided a corporation involved in anticompetitive activities within the graphics card industry. A Sept. 28 report from The Wall Street Journal identified the corporation as Nvidia. In a Sept. 27 press statement, France’s antitrust agency Autorité de la Concurrence revealed it received authorization from a judge to…
In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities, partly because those who purchase the assets are not expecting any profit from acquiring them. According to Circle, payment stablecoins do not…
Quick Take The data analysis unveils a strongly optimistic sentiment in the Bitcoin options market. Specifically looking at Deribit’s open interest by strike price for the options contract expiring on December 29, it’s apparent that traders are overwhelmingly bullish on Bitcoin’s potential. The most noteworthy detail lies in the predominant…
Nvidia, one of the global leaders in artificial intelligence (AI) chip production with headquarters in California, reportedly faced a police raid in its French offices this week. The action came as a part of a general inquiry of French antitrust authorities into the cloud computing sector. The Wall Street Journal reported the…
Former FTX CEO Sam “SBF” Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9, according to a newly released trial calendar posted to the public court docket. The burgeoning trial calendar,…
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Epic Games, the company behind Fortnite, has slashed 16% of its workforce — approximately 830 staff — after unrealistic expectations of metaverse-inspired revenue caused it to spend “way more” money than it had been earning. “We concluded that layoffs are the only way and that doing them now and on…
English Premier League club Tottenham Hotspur announced its intention to issue a fan token (SPURS) on the Chiliz Chain with the aim of providing supporters with new engagement avenues and access to exclusive rewards and experiences. The SPURS token will be available via Socios.com, a prominent fan engagement and rewards…