How Tether co-founder Brock Pierce's plan to use crypto to revitalize Puerto Rico's economy became mired in legal disputes and fights with his business partners
On sun-drenched days in 2022, the cryptocurrency entrepreneur Brock Pierce liked to take his friends sailing to the island of Vieques …
An interview with Sam Altman and Arianna Huffington on their startup Thrive AI Health to build an AI health coach, and why AI has become a technology of faith
so he asked them about it. https://www.theatlantic.com/ ... @theatlantic : OpenAI CEO Sam Altman and the entrepreneur Arianna Huffington want to remake America's health-care system...
Filing: Robinhood's crypto arm got a Wells notice from the US SEC on May 4; on June 27, 2023, Robinhood ended support for tokens named in previous SEC lawsuits
Aoyon Ashraf / CoinDesk :
The US DOJ charges crypto exchange KuCoin and two co-founders with violating anti-money laundering laws, failing to register with the US government, and more
a big crypto exchange—charged criminally https://www.justice.gov/... @cftc : .@CFTC Charges KuCoin with Operating Illegal Digital Asset Derivatives Exchange: https://www.cftc.gov/....
Filing: Terraform Labs, co-founded by Do Kwon, files for Chapter 11 bankruptcy protection in the US, listing assets and liabilities both between $100M and $500M
- Singapore-based Terraform files for bankruptcy in Delaware — Kwon's lawyer has said he may soon be extradited to the US
Source: a breakthrough spearheaded by OpenAI chief scientist Ilya Sutskever enabled a model that could solve basic math problems, stoking excitement and concern
One day before he was fired by OpenAI's board last week, Sam Altman alluded to a recent technical advance the company …
OpenAI reaches a deal in principle for Sam Altman to return as CEO, with an initial board of Bret Taylor as chair, alongside Larry Summers and Adam D'Angelo
4 key takeaways Jason Dorrier / Singularity Hub : OpenAI Mayhem: What We Know Now, Don't Know Yet, and What Could Be Next New York Times : Explaining OpenAI's Board Shake-Up CNBC :...
DefiLlama: Binance's 24-hour outflows reached $1B as of 2:30AM ET on November 22 and seven-day net outflows were $703.1M, after Changpeng Zhao pled guilty
Timmy Shen / The Block :
The US asks a court to reverse its decision to let Changpeng Zhao return to the UAE ahead of his February 2024 sentencing, citing his “substantial” flight risk
Over the government's objection, a US magistrate judge on Tuesday granted the multi-billionaire's request to return to the UAE before his February sentencing.
Filing: BAM Trading, which runs Binance.US, seeks a protective order limiting the US SEC to four depositions and accusing the agency of “a fishing expedition”
Filing: BAM Trading, which runs Binance.US, seeks a protective order against the SEC due to “conducting a fishing expedition”; the SEC seeks four depositions
- BAM Trading, the company behind Binance.US, filed a motion on Monday to seek a protective order against the SEC.
The US Treasury warns that DeFi services that aren't compliant with AML and terrorist financing rules pose “the most significant current illicit finance risk”
US Treasury Damilola Lawrence / Cryptopolitan : U.S Treasury report reveals how North Korea and criminals use DeFi services to facilitate money laundering Florence Muchai / Cryptop...
The US Treasury warns that DeFi services that aren't compliant with AML and terrorist financing rules pose “the most significant current illicit finance risk”
US Treasury Damilola Lawrence / Cryptopolitan : U.S Treasury report reveals how North Korea and criminals use DeFi services to facilitate money laundering Florence Muchai / Cryptop...
OPNX, an exchange from 3AC founders Su Zhu and Kyle Davie for trading bankruptcy claims, had just $13.64 in volume in its first 24 hours; OPNX's FLEX drops 27%+
The Block :
OPNX, an exchange for trading bankruptcy claims from 3AC founders Su Zhu and Kyle Davie, had just $13.64 in volume in its first 24 hours; OPNX's FLEX drops 27%+
- OPNX did not start off with a bang. — The exchange's token, FLEX, is down 27%, trading at $1.95.
US prosecutors in New York charge Terraform Labs co-founder Do Kwon with eight counts, including securities fraud, commodities fraud, and wire fraud
Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was charged with fraud by US prosecutors in New York.
Filing: crypto-friendly US bank Silvergate delays its annual report, citing investigations from regulators, Congress, and the DOJ; SI plunges over 40%
Shares fell over 10% in after-hours trading. — Christy Goldsmith Romero … Commissioner — U.S. Commodity Futures Trading Commission
Binance plans to “temporarily” suspend US dollar bank transfers on February 8 and says that 0.01% of its monthly active users rely on USD bank transfers
not so good dealing with real money https://twitter.com/... Rock / @dataarocks : Binance got ditched by Signature Bank and they can't use Silvergate directly. Paxos operated partia...
An Ohio man pleads guilty to stealing 712+ bitcoins seized by the IRS in a case against his brother, who was convicted of running money laundering service Helix
Cheyenne Ligon / CoinDesk :
New York AG Letitia James files a civil lawsuit against Celsius co-founder Alex Mashinsky, alleging he defrauded investors out of billions via false statements
Wall Street Journal :