AI
Non-profit linked to Stellar co-founder Jed McCaleb invests $500M in AI chips
Voltage Park plans to rent access to Nvidia chips starting in February 2024.
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Legal
Terraform Labs, Do Kwon file motion to dismiss SEC lawsuit
Terraform Labs claims that the SEC has not provided any admissible evidence to back the allegations made in the lawsuit.
Legal
Bankman-Fried retakes the witness stand for cross-examination by prosecutors
The embattled former CEO once again submitted to testifying under oath about the collapse of his crypto empire.
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AI
White House issues executive order on AI risk management
President Biden's order consists of a sweeping set of safety procedures designed to protect against runaway risks.
ETF
VanEck’s amended Bitcoin ETF filing reveals unique seeding approach as BTC approaches $35K
VanEck amended filing shows that the asset manager wants to seed its proposed ETF with Bitcoin.
Payments
Elon Musk says X payments will eliminate need for bank account by end of 2024
Musk said the app will handle money and securities but made no mention of crypto.
Legal
SBF Trial – Week 4 concludes with SBF telling jury he was blindsided by $8B shortfall
Almost the entirety of the day was dedicated to SBF's testimony, which gave the courtroom further insights into the inner workings of FTX and Alameda from his perspective.
Regulation
Hester Peirce objects to SEC’s handling of LBRY case
The commissioner said the case "illustrates the arbitrariness and real-life consequences" of what she held was disproportionately severe penalization.
Legal
Sam Bankman-Fried takes the stand with jury present in second day of testimony
The FTX founder first testified on Oct. 26, but not in the presence of the jury.
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Exchanges
Thousands of Coinbase users sign up as potential amicus curiae in legal fight with SEC
Crypto
Gemini sues Genesis over $1.6B worth of Grayscale Bitcoin Trust shares originally posted as collateral
Crypto
Deputy Treasury Secretary warns crypto companies not to neglect safeguarding against illicit finance
AI