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Settlement agreement of $885 million between FTX estate and IRS
5.6.2024
FTX debtors must pay the Internal Revenue Service $200 million and a remaining property claim of $685 million. The new agreement will feature the FTX estate paying the Internal Revenue Service nearly $1 billion. The sum totaling $885 million is very low compared to the $24 billion demanded by...
EU Council reaches agreement on supercomputer use for AI development
24.5.2024
EU Council agrees on regulation to expand EuroHPC’s supercomputing role, adding AI factories to boost Europe’s AI ecosystem and support startups
US courts to handle Coinbase Dogecoin sweepstakes disputes
24.5.2024
Justice Neil Gorsuch emphasized that arbitration is a matter of contract and parties can agree to have an arbitrator resolve threshold arbitrability questions
Australian, Indonesian Tax Bodies Sign Agreement to Share Crypto Information
25.4.2024
The tax authorities of Australia and Indonesia have signed a memorandum of understanding to share information on cryptocurrency. Under this agreement, both entities will exchange data on crypto assets and share knowledge to ensure adherence to tax obligations. Agreement Underscores Two Countries’...
Coca-Cola Invests $1.1 Billion in Collaborative Generative AI Project with Microsoft
24.4.2024
On April 23, Coca-Cola and Microsoft signed a $1.1 billion five-year collaboration agreement to analyse and incorporate the tech company's cloud and artificial intelligence (AI) applications throughout the Coca-Cola giant's international operations.
The post Coca-Cola Invests $1.1 Billion...
Game Studio Shuts Down Before Shipping A Game, Blames Internal Leaks
12.4.2024
Possibility Space, a studio founded by State of Decay creator Jeff Strain, has shut down, according to several social media posts from its former employees.Read more
Binance’s Former CEO Changpeng Zhao Ordered to Surrender Passport in Updated Bail Terms
13.3.2024
Ex-Binance CEO Changpeng Zhao was instructed to give up his Canadian passport as part of a revised bail agreement, court documents filed Monday showed.
The post Binance’s Former CEO Changpeng Zhao Ordered to Surrender Passport in Updated Bail Terms appeared first on Cryptonews
EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study
4.3.2024
The US Energy Information Administration (EIA) has agreed to discard any data it already collected in response to its emergency Bitcoin mining survey, court documents filed Friday showed.
The post EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study appeared first on Cryptonews
Worldcoin Price Dips as Elon Musk Sues OpenAI and Sam Altman
1.3.2024
The price of Worldcoin's WLD token has dipped following news of Elon Musk's lawsuit against OpenAI and its CEO, Sam Altman. Elon Musk, the visionary entrepreneur behind SpaceX and Tesla, filed a lawsuit against OpenAI and its CEO, alleging a breach of their nonprofit agreement.
The post Worldcoin...
Bitcoin Price Prediction as Judge Approves Binance’s $4.3 Billion Plea Deal – Can Bull Market Resume Now?
24.2.2024
After Binance's substantial plea agreement, Bitcoin's market resilience is tested. Will this pave the way for a bullish resurgence?
The post Bitcoin Price Prediction as Judge Approves Binance’s $4.3 Billion Plea Deal – Can Bull Market Resume Now? appeared first on Cryptonews
DCG Objects Settlement Between NY Attorney and Failed Genesis
22.2.2024
DCG contended that Genesis did not follow proper legal processes and the agreement falsely diverted funds to preferred creditors.
The post DCG Objects Settlement Between NY Attorney and Failed Genesis appeared first on Cryptonews
Solana Foundation Teams Up with Abu Dhabi Free Zone for Web3 Push
8.2.2024
Abu Dhabi Global Market (ADGM) and Solana Foundation announced Wednesday an agreement to explore blockchain ecosystem development. The collaboration aims to improve Distributed Ledger Technology solutions and drive forward blockchain innovation, a press release said. “We are excited to partner with...
Genesis Seeks Court Approval to Offload $1.4 Billion in GBTC Assets Post-SEC Settlement
4.2.2024
After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic Trust. These assets...
Marathon Digital Snaps Up Two Bitcoin Mining Sites From Hut 8 For $13.5 Million
2.2.2024
Marathon Digital will acquire two of Hut 8’s Bitcoin mining sites for $13.5 million under an agreement announced February 2 in a press release. Marathon Digital Buys Out Site Management Rights Top Bitcoin mining firm Hut 8 said in the release that it’s relinquishing Bitcoin mining sites...
30 Banks Participating in Russia’s Central Bank Digital Currency Pilot
2.2.2024
The number of banks participating in Russia’s central bank digital currency pilot has increased to 30. Seventeen banks have signed an agreement with the Bank of Russia to participate in the digital ruble program. They will join 13 other banks, about 600 citizens, and 30 trading and service...
Regulatory Clampdown — Alaska and Florida Order Binance US to Cease Operations
29.1.2024
A recent report indicates that regulatory authorities in Alaska and Florida have prohibited Binance US from operating within their jurisdictions. This development comes in the wake of Binance, along with its previous CEO Changpeng Zhao, reaching a plea agreement with the U.S. government. Alaska...
US Government to Sell $116 Million in Bitcoin Seized From Darknet Dealer ‘Xanaxman’
26.1.2024
The forfeiture division of the U.S. government has announced its plan to sell 2,933.64 bitcoin. These were confiscated from Ryan Farace, who faced charges in 2021 for laundering proceeds from drug trafficking. Farace, also known by his alias Xanaxman, disclosed in his plea agreement that...
Texas Securities Board Orders Crypto Lender Abra to Return Assets to Investors
23.1.2024
Source: Pixabay Crypto lender Abra has reached an agreement with the Texas State Securities Board to return customers’ frozen funds. The ruling comes after the authority filed an emergency cease and desist order and accused the company of securities fraud. Per the settlement agreement published...
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
19.1.2024
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk
EU Provisional Agreement: Crypto Asset Service Providers Added to Obliged Entities List
19.1.2024
As per the provisional agreement struck between the European Union Council and Parliament, crypto asset service providers will be obliged to verify facts and information on users whose transactions exceed $1,090. According to the Belgian Finance Minister, the new requirements will “ensure...