On Aug. 9, the SEC sent a letter to Judge Analisa Torres stating that it was moving to appeal the court decision, which it says warrants a fresh look by an appellate court. The SEC asked the judge to put the case on hold while the appeal is in progress. Continue Reading on Coin Telegraph More
Pursuant to an order of the Ontario Superior Court of Justice (Commercial List) (the “Court”) issued on August 10, 2023, on application by Macquarie, KSV Restructuring Inc. (“KSV”), a licensed insolvency trustee with extensive experience in receivership mandates, has been appointed as receiver of the property, assets, and undertakings of the Validus Entities (KSV in such capacity, the “Receiver”).Subject to the satisfaction of certain conditions, under the terms of the Support Agreement, a stalking horse bid (the “Stalking Horse Bid”) is to be submitted to the Receiver in support of a proposed sale and investment solicitation process to be carried out in respect of the Validus Entities.A Stalking Horse Bid, if ultimately successful, is expected to result in the full and final resolution of all litigation claims and counterclaims currently pending between Hut 8 and certain Validus Entities. Further details in respect of any Stalking Horse Bid will be provided if and as conditions warrant and subject to, among other things, the acceptance of a Stalking Horse Bid by the Receiver and approval of the Court. More
An agenda released for an upcoming commission meeting includes a discussion of updated campaign disclosure manuals, which have been reworked to reflect recent changes to legislation and commission regulations.Continue Reading on Coin Telegraph More
NEW YORK (Reuters) – Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, is due back in a Manhattan courtroom on Friday, where he may learn if he will have to prepare for his October fraud trial from behind the jailhouse door.Bankman-Fried, 31, has pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at his hedge fund Alameda Research.He has been largely confined to his parents’ Palo Alto, California, home on $250 million bond since his December 2022 arrest, but the U.S. Attorney’s Office in Manhattan now wants him jailed for witness tampering.Prosecutors first made their surprise request to jail the former billionaire in a July 26 hearing, saying he “crossed a line” by sharing former romantic partner Caroline Ellison’s personal writings with a New York Times reporter.Ellison had been Alameda’s chief executive, and is expected to testify against Bankman-Fried after pleading guilty to fraud and agreeing to cooperate with prosecutors.Two other former members of Bankman-Fried’s inner circle entered similar guilty pleas.Bankman-Fried’s lawyers have said prosecutors mischaracterized his intentions in sharing Ellison’s writings, arguing he wanted to defend his reputation and had a right to speak to the press.U.S. District Judge Lewis Kaplan will decide whether Bankman-Fried should remain free.In the July 26 hearing, Kaplan restricted Bankman-Fried from speaking publicly about his case, and asked both sides to address whether jail was necessary.The gag order has also drawn attention from news media including the Times, which in an Aug. 2 letter to the judge said the measure should be loosened to only restrict comments that could interfere with a fair trial.A July 20 article in the newspaper contained excerpts from Ellison’s personal Google (NASDAQ:GOOGL) documents prior to FTX’s collapse.She described being “unhappy and overwhelmed” with her job and feeling “hurt/rejected” from her personal breakup with Bankman-Fried. More
The RCMP demands 17 requirements from the future repository. Among them is the ability to process transactions for the top 20 cryptocurrency blockchains by market capitalization and the scalability to support new blockchains in the future. The RCMP also intends to grant access to its data to users who need it. As for NFTs, the RCMP has deemed it necessary to enable the holding of Ethereum, Solana and Polygon-based NFTs. Continue Reading on Coin Telegraph More
Dune Analytics figures from Aug. 10 show over 136,000 daily users, the highest daily number in its short history, which also coincides with the second day of its public release.Continue Reading on Coin Telegraph More
While such trading bots have existed for years, they’ve recently gained attention as crypto markets gain and associated bot tokens have gained in price, blockchain security firm CertiK told Cointelegraph.Continue Reading on Coin Telegraph More
At the heart of the team’s research lies the question of whether LLM systems such as Claude, OpenAI’s ChatGPT and Google’s Bard rely on “memorization” to generate outputs or if there’s a deeper relationship between training data, fine-tuning and what eventually gets outputted.Continue Reading on Coin Telegraph More
