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Jury hears Sam Bankman-Fried’s testimony: ‘A lot of people got hurt’

[Oct 27, 2023 8:19 AM] The former FTX CEO returned to the witness stand to present his testimony to a jury of 12 people as the criminal trial began to reach its final stages.

Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report

[Oct 26, 2023 2:46 PM] Assistant U.S. Attorney Danielle Sassoon grilled the former FTX CEO in court on his knowledge of FTX user deposits and the retention of communication records.

UK passes bill to enable authorities to seize Bitcoin used for crime

[Oct 26, 2023 8:08 AM] Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023.

How Google’s AI legal protections can change art and copyright protections

[Oct 26, 2023 7:01 AM] Amid myriad legal accusations surrounding its AI services, Google stands its ground, vowing to protect its users.

Sam Bankman-Fried’s testimony to challenge government claims, lawyer tells judge

[Oct 26, 2023 6:09 AM] The testimony will challenge the government‘s claims, especially the counsel’s role in auto-deletion, north dimension creation, payment agent agreement, Alameda loans and FTX terms of service.

Meta faces legal scrutiny as AI advancements raise concerns over child safety

[Oct 26, 2023 4:11 AM] Concerns for child safety come amid rapid artificial intelligence advancements involving text and generative AI.

California Enacts Digital Financial Assets Law

[Oct 26, 2023 12:00 AM] On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s…

Will Sam Bankman-Fried fix his case when he takes the stand?

[Oct 25, 2023 12:59 PM] The former FTX CEO will take the stand in his own defense. Will it be enough to counter the narrative introduced by former employees and expert witnesses?

Sam Bankman-Fried will testify at criminal trial, say defense lawyers

[Oct 25, 2023 8:54 AM] After much speculation, the former FTX CEO will be one of only a handful of witnesses to testify for his defense in the criminal fraud case.

US Congress remains legislatively paralyzed on crypto bills without a House speaker

[Oct 23, 2023 11:10 AM] Pieces of legislation aimed at establishing clarity on certain crypto policies are unable to move forward with half of the legislative branch of the U.S. government lacking leadership.

Hong Kong securities regulator updates crypto policies, citing market developments

[Oct 20, 2023 10:24 AM] The notice came more than a month after more than a thousand users reported losses from the JPEX crypto exchange.

Chamber of Digital Commerce opposes SEC’s overreach in Binance lawsuit

[Oct 20, 2023 6:13 AM] United States-based advocacy group, the Chamber of Digital Commerce, claims the SEC employs the enforcement-based method to classify digital assets as securities and impose penalties on cryptocurrency businesses.

SEC wins default judgment against Thor Technologies and founder

[Oct 20, 2023 5:30 AM] Thor Technologies has been instructed to pay a sum of $903,193.06, which encompasses a disgorgement of $744,555, and prejudgment interest amounting to $158,638.06.

SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen

[Oct 19, 2023 3:22 PM] The civil lawsuit against the Ripple executives had been ongoing since December 2020.

Universal Music Group sues Anthropic AI over copyright infringement

[Oct 19, 2023 1:00 PM] Universal Music Group, Concord Publishing and ABKCO Music & Records allege that Anthropic “unlawfully” copied and disseminated “vast amounts of copyrighted works” from them.

Advocacy groups push back against Sen. Warren linking crypto with terrorism

[Oct 19, 2023 10:26 AM] The Blockchain Association and Crypto Council for Innovation said the terrorist group Hamas had reportedly curtailed using Bitcoin as authorities could more easily track funds.

Elon Musk, Mark Cuban team up to contest SEC trial strategies

[Oct 19, 2023 4:24 AM] The context of this legal challenge centers around the SEC v. Jarkesy case, in which George Jarkesy contends that his Seventh Amendment rights were violated.

Binance France director resigns, adding to list of exits from crypto exchange

[Oct 18, 2023 11:52 PM] Stéphanie Cabossioras is at least the 10th senior executive to depart the crypto exchange this year.

Crypto World Hopeful as California Chases BitLicense in Absence of U.S. Feds

[Oct 18, 2023 8:00 AM] Crypto insiders feel they've been burned before in the cauldron of New York’s BitLicense, but they fell that California’s implementation leaves some room for hope.

Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting

[Oct 17, 2023 3:28 PM] Ohio Representative Jim Jordan, the Republican Party's nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position.

Former FTX engineering director faces up to 75 years in prison following guilty plea

[Oct 16, 2023 3:19 PM] Nishad Singh's testimony was seemingly part of prosecutors' strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds.

Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena

[Oct 16, 2023 1:59 PM] The order was unclear as to the nature of the documents under subpoena but stated Genesis had failed to provide the information by Oct. 9.

Sam Bankman-Fried's legal team moves to pursue theory on FTX terms of service

[Oct 13, 2023 11:25 AM] Lawyers petitioned the court to allow them to question witnesses for the prosecution based on FTX’s terms of service, as well as preclude testimony from “lay fact witnesses”.

China sets stricter rules for training generative AI models

[Oct 13, 2023 4:12 AM] The draft regulations emphasize that data subject to censorship on the Chinese internet should not serve as training material for these models.

Trader Joe’s grocery store files trademark lawsuit against Trader Joe DEX

[Oct 12, 2023 3:30 PM] The claims include allegations of federal trademark infringement and dilution, with Trader Joe allegedly capitalizing on the store’s “name, goodwill, and brand recognition.”

Court approves Genesis settlement of $175M to FTX, expunges billions in claims

[Oct 12, 2023 5:00 AM] Genesis reportedly said the $175 million settlement was “fair and equitable,” while FTX creditors wanted to contest it.

Caroline Ellison provided 7 'alternative' balance sheets hiding Alameda's exposure to FTX

[Oct 11, 2023 9:43 AM] The former CEO testified that she had provided SBF seven options for spreadsheets with misleading information on Alameda's financials to present to Genesis lenders.

Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial

[Oct 10, 2023 10:54 AM] Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022.

Judge sides with Ripple again, denies SEC appeal: Law Decoded

[Oct 9, 2023 2:30 PM] Crypto lawyers are seemingly divided over the significance of a court order to dismiss the SEC’s motion.

House Republicans urge tighter export controls on advanced chips

[Oct 7, 2023 3:31 AM] The letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporated advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation.