It's the kind of courtroom showdown playwrights dream about: a “boy genius” accused of masterminding a multibillion-dollar scam, a cadre of former associates revealing jaw-dropping secrets and government prosecutors aiming for a high-profile victory.
In Act I, played out over the past three weeks, Sam Bankman-Fried's sometimes friends and colleagues have offered damning testimony about his role in the unraveling of the FTX crypto empire, say...
As 2023 enters the last stretch crypto investors are facing a whirlwind of activity that can be a combination of exciting, exhausting, and financially important. The FTX trial was a publicity packed event, featuring testimony from virtually all of the highest ranking employees, Samuel Bankman-Fried himself, and multiple expert witnesses. Rehashing the spectacular collapse of FTX as well as the multiple allegations leveled against Bankman-Frie...
Nvidia reported first-quarter earnings that beat Wall Street estimates, driving its stock up more than 25% in extended trading. The company said it is boosting supply to meet surging demand for its chips, used to power artificial intelligence services such as ChatGPT.
The chipmaker is at the center of AI boom thanks to its high-powered graphics cards and software. The stock has more than doubled this year while rival Advanced Micro Devices...
Video game payment firm Zebedee, which has more than a million bitcoin wallets and is backed by nearly $50 million venture capital, today moved its main ZBD application to Nostr, the rapidly growing decentralized competitor to Twitter. Instead of liking content like on Twitter and Facebook, users of social networks built on the Nostr protocol have sent each other 895,000 “zaps,” or tiny amounts of bitcoin worth $3.6 million.
The move, which ...
For its second consecutive year, the Decentralized Autonomous Organization Friends With Benefits, one of the crypto industry’s most expensive and popular social clubs, gathered in the mountains of California on August 3rd for a weekend of music, tech-savvy talks and assemblies called FWBfest. DAOs continue to grow, in spite of the bear market, and may actually be more popular now than they were during the last crypto market surge. When people ...
It is no secret that a wave of cryptographic applications has emerged from blockchain technology. Some of them have grown into big companies like Fireblocks, StarkWare, zkSync and Immutable, worth hundreds of millions or billions of dollars. The advancement of technology, however, brings with it a variety of acronyms that can be confusing to even seasoned tech enthusiasts. The following are five of the more perplexing acronyms that you may en...
Recent events have raised questions about online censorship and the influence of social media giants. Elon Musk's critique of Mark Zuckerberg's manipulation of the masses through algorithmic control drew attention to the opacity surrounding data usage. Musk's hypothetical scenario - revealing how algorithms manipulate user data - highlights growing concerns about data privacy and content manipulation on centralized platforms. On the other han...
Overview
The consumer price index rose 0.6% in August, its biggest monthly gain in 2023. Gasoline prices, which had a 10.6% jump, were the primary culprit. Despite this seemingly ominous news, stocks, indexes, bitcoin, and other digital asset prices reacted positively in the immediate aftermath - bitcoin broke over $27,000 on September 18th. This somewhat surprising market reaction shows an expectation that the next Federal Open Market Commit...
Chainalysis is laying off approximately 150 employees, or slightly more than 15% of its staff of 900, CEO Michael Gronager told employees in an email Monday evening as the company broadens its retreat from the commercial market while concentrating on more stable government contracting.
This is the second round of cuts for the company, which was valued at $8.6 billion in 2022, this year as last year’s cryptocurrency decline limits commercial ...
Several reports about El Salvador's security policies, economic recovery, bond strength, and even tourism booming due to the influence of bitcoin and its community are part of the news about this Central American country. We had an exclusive interview with vice-president Felix Ulloa to understand this news better.
At the end of July, Bloomberg reported that despite being concerned about the country's adoption of bitcoin as legal tender in 20...
