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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Accusations of fund mismanagement flew between the Paraspace CEO and consultants, prompting the Paraspace team to publicly demand the CEO’s resignation. Meanwhile, the ongoing saga surrounding the whereabouts of the protocol’s funds witnessed a new development as
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The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as co-founder Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO
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An Artificial Intelligence (AI) pioneer, nicknamed the “Godfather of AI” has resigned from his position at Big Tech firm Google so he could speak more openly about the potential dangers of the technology.Before resigning, Dr. Geoffrey Hinton worked at Google on machine learning algorithms for more than a decade. He
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"In a little over two years, Geoff helped transform Bitfarms from a purely Canadian company trading on the TSX Venture Exchange with five farms in Quebec to an international powerhouse traded on both the Nasdaq and TSX with ten operating farms in four countries driving over 4.4 exahash/second (EH/s) today,"
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Bobby Moran of crypto news website the Block has announced he will be assuming the position of chief executive officer following the resignation of Mike McCaffrey, who reportedly financed the platform through loans from Alameda Research. In a Dec. 9 announcement, Moran said McCaffrey had made an executive decision to restructure
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Amy Wu, an investor in FTX and the head of the firm’s venture capital arm, FTX Ventures, has reportedly resigned her position.According to a Nov. 11 report from The Information, Wu resigned as head of FTX Ventures following the announcement FTX would be moving forward with bankruptcy proceedings in the
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Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to proceeding with filing for bankruptcy under Chapter 11 in the District of Delaware.In a Nov. 11 tweet, FTX said roughly 130 companies in FTX Group including FTX Trading, FTX
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A bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities. Original Source
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"We remain committed to working towards building regulation that protects users and safeguards innovation, in order to bring about real change," she said. "The news this week has been shocking, but we’ve also seen the community come together.We have an historic opportunity to get the policies right and the Crypto
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In an open letter, the team says they are unable to perform their work or process grants and has "fundamental questions" about the legitimacy and integrity of business operations. Original Source
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