The parent company of a yet-to-launch crypto exchange teamed up with the Crypto Freedom Alliance of Texas in hopes of heading off securities trading charges. The Crypto Freedom Alliance of Texas (CFAT) and digital asset company Lejilex have sued the United States Securities and Exchange Commission (SEC), demanding that the court rule on the status...Continue Reading

Lawyers Marc Mukasey and Torrey Young will represent the former FTX CEO through his sentencing on March 28, while Christian Everdell and Mark Cohen are withdrawing. Former FTX CEO Sam “SBF” Bankman-Fried returned to the courtroom for one of the first times since his conviction to address potential conflicts of interest in his lawyers. According...Continue Reading

Ladan Stewart was one of the attorneys of record in the SEC’s enforcement action against Ripple but withdrew from the case in January. Ladan Stewart, an attorney who represented the United States Securities and Exchange Commission (SEC) in its enforcement case against Ripple, has joined a law firm that is often at the defense table...Continue Reading

Collectible firm Panini announced the launch of World Wrestling Entertainment’s digital Donruss Elite card set on its blockchain. In this week’s newsletter, find out why Sports Illustrated is moving its nonfungible token (NFT) tickets to Avalanche and how NFT IDs in the Mocaverse are being streamlined. Read about World Wrestling Entertainment (WWE) releasing a digital...Continue Reading

The latest unexplained kerfuffle with ChatGPT’s outputs highlights the dangers of automation. OpenAI’s popular ChatGPT artificial intelligence (AI) system suffered a bit of a public meltdown between Feb. 20 and 21 that had it confusing and confounding users by spouting gibberish and other strangeness including unprompted pseudo-Shakespeare.  As of 8:14 Pacific Standard Time Feb. 21,...Continue Reading

OpenAI CEO Sam Altman wants to raise $7 trillion for chip production to help AI systems, but he has yet to show AI is moving in a direction that will help us. OpenAI co-founder Sam Altman is reportedly seeking to raise up to $7 trillion for a project addressing the massive global shortage in semiconductor...Continue Reading

Bulls failed to hold Bitcoin price above $52,000, possibly marking the start of a short-term trend change in BTC and altcoins. Bitcoin (BTC) has been trading sideways for the past few days, indicating a tough battle between the bulls and the bears. Will the sellers overpower the buyers and start a short-term correction, or could...Continue Reading

Soccer star Lionel Messi has disclosed his upcoming RWA in partnership with the Join The Planet initiative, spiking volatility for the project’s native token. Crypto token PLANET is facing a volatile week as traders flock to capitalize on the upcoming release of its first tokenized product in collaboration with soccer legend Lionel Messi. According to...Continue Reading

The High Court of Podgorica in Montenegro reportedly rejected a request to extradite Terraform Labs co-founder Do Kwon to South Korea. Terraform Labs co-founder Do Kwon, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges. According to a Feb. 21 report...Continue Reading

Quantum computers pose an outsized threat to status quo cryptographic solutions. Apple unveiled PQ3, “the most significant cryptographic security upgrade in iMessage history,” for iOS 17.4 on Feb. 21.  With the new protocol, Apple becomes one of only a handful of providers featuring post-quantum cryptography for messages. Signal launched a “quantum resistant” encryption upgrade back...Continue Reading