Legal
Legal
Judge rules CZ must remain in the U.S. for now
A federal judge has reversed a previous decision that would have allowed Zhao to travel back to his home in the UAE before sentencing.
AI
Sam Altman removed as OpenAI CEO
Mira Murati will take the helm as interim CEO of OpenAI after Sam Altman's ouster over trust issues with the board.
AI
Op-ed: Cutting the environmental cost of cutting-edge technologies like AI and Bitcoin
The increasing energy demands of high-tech products are making greener energy solutions ever more necessary—and possibly unavoidable.
Crime
Texas, Alabama securities regulators allege fraud against GS Partners in multiple crypto schemes
GS Partners faces a regulatory crackdown over a metaverse skyscraper investment scam and a fraudulent staking scheme.
Mining
Tether plans $500M investment into Bitcoin mining operations
The stablecoin giant recently reported a $3.2 billion cash surplus in its Q3 attestation, allowing ample room to make the strategic investment.
Regulation
House digital assets subcommittee hears testimony on role of crypto in crime and illicit finance
A panel of forensic and analytics experts have testified to Congress on the need to understand and address the fine details of crypto crime.
Technology
OKX launches testnet for X1, a zkEVM layer-2 network built with Polygon Chain Development Kit
X1 is a developer-centric network designed to catalyze the growth of Web3 by bridging diverse communities across DeFi, enterprise, and other verticals.
Investments
Google parent company Alphabet dumps last of its Robinhood shares
The tech giant had been an early investor in Robinhood but began to unload shares as trading volumes dried up.
Investments
Singaporean VC firm Foresight Ventures buys 80% stake in The Block
The acquisition alleviates financial burdens on the company brought about by financial entanglements with FTX, but does not provide new working capital.
Exchanges
Binance to halt ruble deposits effective Nov. 15
Binance has discontinued ruble deposits amidst ongoing scrutiny over its Russian operations.
Regulation
ETH crosses $2k as BlackRock’s Ethereum Trust ETF filing surfaces
A new filing with the Delaware Division of Corporations suggests BlackRock is ready to move into Ethereum ETFs next.
Politics
Rep. Tom Emmer roasts Gary Gensler in fiery speech on the House floor
The Minnesota congressman called the SEC chair "ineffective and incompetent" while stressing Congress' authority to regulate digital assets.