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‘Unjustly enriched:’ Core Scientific knocks back $4.7M claim from Celsius
Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it's owed an even higher amount from the crypto lender.
Estonia squeezes out 400 crypto firms after new laws
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans.
Concern over banking crisis reaches levels unseen since 2008 — Poll
According to a recent poll from Gallup, nearly half of Americans polled expressed concern about the safety of their money deposited with banks.
FTX founder Sam Bankman-Fried urges court to dismiss charges
Lawyers representing Sam Bankman-Fried want all but three charges against him dismissed in a filing on May 8.
Canada's central bank asks citizens what they want in a digital dollar
Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one.
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities.
MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI, and sDAI.
Paxful restarts marketplace operations for the first time since April
Amid the suspended service, Ray Youssef said he had made his "final act" as CEO after helping unfreeze 88% of certain users’ accounts.
Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8
Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets.
State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT
Chinese tech company Iflytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year.