Blockchain.news
Crypto News Source: blockchain.news
Crypto Exchange Bitsonic CEO Sentenced to 7 Years for $8.4 Million Fraud and Market Manipulation
The CEO of cryptocurrency exchange Bitsonic has been sentenced to 7 years for inflating trading volumes and embezzling $8.4M, marking a significant legal action against crypto fraud. (Read More)Source link
AI in the Dock: B.C. Supreme Court Tackles Fabricated Legal Cases
The B.C. Supreme Court case raises concerns about AI reliability in legal proceedings, highlighting the need for regulation, education, and ethical guidelines for legal professionals. (Read More)Source link
Saudi’s $250M Tech Innovation Boost with Hashgraph (HBAR)
The Hashgraph Association and Saudi Arabia's Ministry of Investment have launched a $250M DeepTech Venture Studio in Riyadh, supporting over 500 companies in developing advanced AI, blockchain, and VR solutions. (Read More)Source link
US Court Approves Sealed Settlement in BlockFi vs. 3AC Dispute
A US judge approved a confidential settlement between BlockFi and Three Arrows Capital, aiming to resolve financial disputes without further litigation. The details remain sealed to protect sensitive information amidst BlockFi's bankruptcy proceedings and its implications on the broader crypto market. (Read More)Source link
Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank
The Federal Reserve has terminated its enforcement action against Farmington State Bank, linked to the collapsed crypto exchange FTX, marking the bank's shift away from operations and reinforcing depositor protection efforts.(Read More)Source link