French Senate proposal would allow influencers to promote cryptocurrency
The Senate’s proposal comes just months after the National Assembly floated legislation banning influencer advertising for crypto products and services.
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FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.
Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director
International Monetary Fund Managing Director Kristalina Georgieva says that wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable.
Coinbase stock will be ‘weighed down’ until US rules are clear: Citi
The investment bank has downgraded Coinbase stock to “neutral” amid the exchange’s ongoing battle with United States regulators.
Crypto influencer named in FTX lawsuit served via tweet
A law firm backing an FTX investor suit tagged a crypto influencer in a tweet to serve its lawsuit.
FBI, Ukraine seize 9 exchange domains on money laundering allegations
The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures.
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.
White House advisors renew push for 30% digital mining energy tax
The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community.
Amnesty nixes AI-generated images of Colombian protests after criticism
The human rights advocacy group pulled the faked images following widespread online criticism.