Phoebe's Bitmingham Beat - FTX seeks court approval to sell its stake in Anthropic / Former Terraform Labs CFO extradited to South Korea / SEC settles with online crypto course founder [EN]

FTX seeks court approval to sell its stake in Anthropic / Former Terraform Labs CFO extradited to South Korea / SEC settles with online crypto course founder [EN]

02/06/24 • 15 min

Bankrupt crypto exchange FTX seeks to sell its stake in AI firm Anthropic to repay customers, Ethereum's NFT market share drops as Bitcoin and Solana rise, Terraform Labs' former CFO extradited to South Korea facing fraud charges, the SEC settles with the founder of a fake crypto hedge fund, GoDaddy partners with Ethereum Name Service for domain integration, and South Korea proposes regulatory approval for new crypto company executives.

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Genesis Global agrees to pay $21M to settle with SEC / Polygon Labs reduces headcount by 19% / Tether launches educational arm [EN]

Genesis Global agreed to a $21M settlement with the SEC over securities law violations, crypto exchange OPNX announced its shutdown following a significant price drop in its tokens, Binance faces challenges re-entering the U.K. market due to regulatory concerns, Polygon Labs announced a 19% workforce reduction, Hong Kong set a deadline for crypto firms to apply for a license, and Tether launched an educational arm, Tether Edu, to foster blockchain talent.

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undefined - Vast Bank shuts down its crypto banking app / Haru Invest executives arrested in South Korea / Apple co-founder shares prediction on Bitcoin's future price [EN]

Vast Bank shuts down its crypto banking app / Haru Invest executives arrested in South Korea / Apple co-founder shares prediction on Bitcoin's future price [EN]

Vast Bank exits the crypto industry and shuts down its mobile app following regulatory pressures, Singapore-based Oobit's token surges after a $25M funding round, Solana blockchain recovers from a major outage, South Korean prosecutors arrest Haru Invest executives over a nearly $830M crypto embezzlement, and a new website, OnlyFake, challenges crypto exchanges' KYC processes by generating fake IDs through AI.