Mainstream media renew push for non-US FTX user identities
A May 3 filing to the United States Bankruptcy Court brings new objections to a motion that aimed to redact...
Year: 2023
US regional bank shares sink despite Fed calling banking system ‘sound’
PacWest Bancorp was the hardest hit bank after-hours on May 3, falling over 50% following a reported plan to explore...
Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral....
36% of the top 1,000 crypto projects went silent on blogging this year
A whopping 35.8% of the world’s largest crypto projects haven’t uploaded a single blog post in 2023, according to blockchain...
Jury convicts former OpenSea manager in NFT-insider trading case
Prosecutors claimed Nathaniel Chastain profited from inside information as to which NFTs would be featured on the marketplace. The former...
Digitalization won’t displace commercial bank money any time soon: Moody’s
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new...
The Fed has little ammo left as $30K Bitcoin price becomes key battle line
BTC options and futures markets show no use of excessive leverage from buyers, a healthy indicator as the $28,000 support...
Sotheby’s launches on-chain secondary NFT marketplace: Nifty Newsletter, April 26–May 2
Sotheby’s marketplace will attempt to set itself apart by presenting a range of artists curated by experts from the auction...
What are convolutional neural networks?
Convolutional neural networks (CNNs) are a class of deep neural networks widely used in computer vision applications such as image...
Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles
Bitcoin’s price looks unlikely to break out as markets brace for Fed rate hike volatility. Bitcoin (BTC) hit daily lows...
Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million
On May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and...
Bitcoin miners earned $50B from BTC block rewards, fees since 2010
They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities....
Amnesty nixes AI-generated images of Colombian protests after criticism
The human rights advocacy group pulled the faked images following widespread online criticism. Human rights advocacy group Amnesty International has...
Breaking the Barriers of Traditional Banking With Digital Assets
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling...
FTX advisors billed the bankrupt firm for a whopping $103M in Q1
After Sullivan & Cromwell, consulting firm Alvarez & Marsal billed the second largest amount for its finance and accounting work....
