Crypto Industry Participants Field Questions from UK Lawmakers After FTX Collapse
In an evidence inquiry session on crypto held by the Treasury Committee, the industry addressed negative questions, with some calling for more regulatory clarity.
In an evidence inquiry session on crypto held by the Treasury Committee, the industry addressed negative questions, with some calling for more regulatory clarity.
The Orion capsule and Space Launch System on November 13th, 2022. | Photo by Red Huber/Getty Images NASA’s Artemis I mission is still set to launch this week after its Space Launch System rocket and Orion spacecraft were buffeted by high winds during Hurricane Nicole. The rocket and spacecraft suffered only “very minor damage,” according … Read more
BlockFi said withdrawals remain paused, and denied rumours that most of its assets being custodied on fTX.
Last week, many investors were left with egg on their faces after FTX’s valuation went from $32 billion to zero in a New York minute. VCs were left wondering, “What the hell happened?” And they’re still wondering, “Wait — did I do something wrong? Is it me?” Why yes, actually, it is you. People are … Read more
The Turkish regulator joined the United States and the Bahamas in investigating the exchange’s fall.
Comments
Comments
Illustration: The Verge Google has agreed to pay a $391.5 million settlement to 40 states over allegations that the company tracked users’ locations without their knowledge (via The New York Times). As part of the settlement, Google’s required to alert users when location tracking’s enabled, as well as provide information on how to turn off … Read more
Laura Normand / The Verge As if he doesn’t have enough going on, Elon Musk will find himself in court later this week defending his $56 billion pay package from allegations by Tesla shareholders that it was rigged with easy performance targets. And that’s not all! On Tuesday in Los Angeles, a Tesla Model S … Read more
Devil Dinosaur hanging out while Moon Girl gets ready to jump into action. | Disney Marvel’s recent superhero shows have never exactly been known for their music, but Disney’s upcoming Moon Girl and Devil Dinosaur animated series might be the one to change that. Marvel’s Moon Girl and Devil Dinosaur from co-creators Laurence Fishburne and … Read more
The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users suffered.
Comments
Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.
Although it admitted to “significant exposure,” the crypto lender assured clients that it has “the necessary liquidity to explore all options.”
Pro tip: if you care about keeping your job, you probably shouldn’t tweet about how your boss’s “simps” are pro “dickriders.” | Illustration by Kristen Radtke / The Verge; Getty Images Twitter has seen thousands of layoffs, departures, and resignations since Elon Musk took over, but one of the latest staffing changes appears to have … Read more
Helmed by erratic new owner Elon Musk, Twitter is no longer fulfilling key obligations required for it to claim Ireland as its so-called “main establishment” under the European Union’s General Data Protection Regulation (GDPR), a source familiar with the matter has told TechCrunch. Our source, who is well placed, requested and was granted anonymity owing … Read more
This is not a photo; Hasbro’s only sharing digital renders of the product. | Image: Hasbro If you’ve been to a toy aisle recently, you’ve probably seen how cartoony Fortnite renditions of real-world guns dominate the shelves. Now, Hasbro is licensing the blasters of another mega-hit video game: League of Legends. But if you … Read more
Insolvent crypto exchange FTX suffered a $600 million exploit late Friday after filing for bankruptcy protection.
The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy.
Google has agreed to a $391.5 million settlement with 40 state attorneys general over its location tracking practices. The settlement outlines that Google misled its users into thinking they had turned off location tracking even as the company continued to collect their location information. The investigation, which marks the largest attorney general-led consumer privacy settlement … Read more
Amazon SageMaker Data Wrangler helps you understand, aggregate, transform, and prepare data for machine learning (ML) from a single visual interface. It contains over 300 built-in data transformations so you can quickly normalize, transform, and combine features without having to write any code. Data science practitioners generate, observe, and process data to solve business problems … Read more
Today, we are launching Amazon SageMaker inference on AWS Graviton to enable you to take advantage of the price, performance, and efficiency benefits that come from Graviton chips. Graviton-based instances are available for model inference in SageMaker. This post helps you migrate and deploy a machine learning (ML) inference workload from x86 to Graviton-based instances … Read more
Apple’s antitrust battle against Fortnite maker Epic Games is returning to the courtroom after both sides appealed last year’s ruling in a precedent-setting case over Apple’s alleged anti-competitive behavior. Last year, a U.S. District Court judge had largely favored Apple when ruling the tech giant was not acting as a monopolist with regard to its … Read more
Comments
Lawmakers, regulators and criminal investigators are looking into FTX’s collapse, and Sam Bankman-Fried’s tweets aren’t helping.
Today, Amazon Prime Video announced the launch of “Sports Talk,” a live daily programming block dedicated to 12 hours of sports-talk content. Broadcasting Monday through Friday from 8 a.m.-8 p.m. ET on Prime Video, viewers in the U.S. can access seven new shows on Sports Talk without a Prime membership. It will also be available … Read more
The Solana Foundation had deep financial ties with Sam Bankman-Fried’s shattered empire.