Day: 11 May 2023

Do Kwon, the CEO of Terraform Labs, has pleaded not guilty in a Montenegrin court after being arrested for attempting to travel with fake documents on an international warrant, according to a report by Bloomberg.  During the hearing, Kwon and his former CFO, Han Chang-joon, requested to be released on ...

The Internal Revenue Service (IRS) in the United States has issued demands for back taxes from Alameda Research, FTX, and their affiliates, including West Realm Shires, Blockfolio, and Ledger Holdings. The total amount of the demands is a staggering $44 billion, spread across 45 separate claims. The IRS released a ...

China has inaugurated the National Blockchain Technology Innovation Center in Beijing to train more than 500,000 professionals in distributed ledger technology (DLT).  Led by the Beijing Academy of Blockchain and Edge Computing, the center will collaborate with local universities, think tanks, and blockchain businesses to advance the technology in China. ...

Marathon Digital has disclosed in its quarterly report published on May 10, 2023, that it received a second subpoena from the US Securities and Exchange Commission (SEC) regarding its data center located in Hardin, Montana. @SECGov has issued another subpoena to Marathon Digital. Marathon Digital is a US based #Bitcoin ...

The European Union is making significant progress towards implementing the AI Act, which is poised to become the world's first comprehensive legislation governing the use of AI technology.  On May 11, 2023, European legislators approved a stricter draft of legislation that aims to regulate various aspects of artificial intelligence tools. ...

On May 10, 2023, Latrice Walker, a Democrat in the New York State Legislature, introduced a bill with partisan support that aims to include stablecoins pegged to the US dollar as a recognized form of payment for bail bonds. The proposed bill seeks to expand the options for payment methods ...