Many online objected to the proposed pricing, based on the U.S. dollar value of cryptocurrencies when FTX filed for bankruptcy in November 2022.
The New York Times filed a lawsuit against ChatGPT developer OpenAI and Microsoft claiming they unlawfully used its content to train AI bots, thereby threatening its journalistic work.
African nations were busy introducing various initiatives for cryptocurrencies in 2023. Read about the most significant innovations and crypto-related progress made during the year.
Many in the space monitored Sam Bankman-Fried’s criminal trial, but there are other figures potentially looking at prison time in the future.
FTX US acquired Embed for $220 million in June 2022, with the crypto exchange issuing two simple agreements for future equity to Sam Bankman-Fried.
Authorities said they found no evidence Kosta Kanchev, Antoni Trenchev, Trayan Nikolov and Kalin Metodiev committed money laundering, tax crimes, or computer fraud.
The commission acknowledged it had not been “accurate and candid” in earlier filings but said sanctions were not warranted, as its staff didn’t engage “in any bad faith conduct.”
Hong Kong’s Securities and Futures Commission said cryptocurrency transactions conducted by ETFs must occur through SFC-licensed crypto platforms or authorized financial institutions.
The SEC charged Terraform Labs and its co-founder Do Kwon with allegedly “orchestrating a multi-billion dollar crypto asset securities fraud” in February.
The judgment was first made in August and has now been cleared to take effect, according to a filing in the U.S. District Court of Appeals for the Ninth Circuit.
Bitcoin has been declared dead more times than you’d think amid downswings in the market, but it’s always managed to bounce back.
Montenegro’s minister of justice will make the final decision on Do Kwon’s extradition to either South Korea or the United States.