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OpenAI’s World project is coming to the US, where a state-by-state approach to privacy could complicate user protections. World Network, the digital identity and crypto project of Sam Altman’s OpenAI, has alarmed privacy activists ahead of its United States launch, with observers concerned over its data collection and protection practices. World “is the opposite of…
Federal prosecutors have denied claims that they suppressed advice that the crypto mixer didn’t need a license. US federal prosecutors have rebutted claims they suppressed evidence in their case against the co-founders of the crypto mixing service Samourai Wallet, arguing their disclosure of a conversation with Treasury Department staff was made within the required timeframes. …
The US Attorney said the 35-year-old Virginia man funded “vile terrorist atrocities” and helped female Islamic State members escape Syrian prison camps. A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq…
US Securities and Exchange Commission Commissioner Caroline Crenshaw says if approved, the settlement with Ripple would join the long line of dismissals that is slowly eroding the credibility of SEC lawyers in court. A crypto-skeptical commissioner at the US Securities and Exchange Commission has blasted her agency over its settlement letter that could finally end…
The predictions platform suggested that “election markets are here to stay” in a social media post after the Commodity Futures Trading Commission filed its request with the court. The US Commodity Futures Trading Commission (CFTC) is seeking permission from the court to drop an appeal against prediction market Kalshi. The move could allow the platform…
The former CEO of Celsius Network is scheduled to appear before a judge for sentencing after pleading guilty to two felony charges in December. Crypto users are weighing in as Alex Mashinsky, the former CEO of Celsius Network, prepares to stand before a judge on May 8 to face sentencing for commodities fraud and a…
A proposed class lawsuit is asking Nike for $5 million in damages, claiming it broke consumer protection laws and various state unfair trade and competition laws. Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A…
The trader sold 62 CryptoPunk NFTs in 2021, earning approximately $7.4 million in profit, followed by the sale of 35 more in 2022 for an additional $4.9 million. A non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, according…
US authorities allege the Nate app was not powered by artificial intelligence but actually overseas human workers who manually processed transactions. US authorities have charged a tech app founder with fraud, alleging that his advertised artificial intelligence-powered e-commerce app actually relied on human workers in the Philippines. Albert Saniger of Barcelona, Spain, founder and former…
The Australian securities regulator’s application to close 95 “hydra” firms believed to be running crypto trading and romance scams has been approved by the Federal Court of Australia. Australia’s corporate watchdog has been given the nod to shut down 95 “hydra” companies that it suspects engaged in crypto investment and romance scams, known as “pig…