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Billionaire entrepreneur Elon Musk is making the headlines again, this time for an expletive-laden outburst on live TV at an annual conference hosted by The New York Times.Speaking at the 2023 DealBook Summit in New York on Nov. 29, Elon Musk, the owner of micro-blogging platform X (formerly Twitter), lashed
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Charlie Shrem went from running a small online business to becoming a Bitcoin millionaire and making the cover of Forbes magazine. And then, he went to prison.In the latest episode of Cointelegraph’s Crypto Stories, Shrem tells the story of how he founded BitInstant, grew it into a multimillion-dollar Bitcoin empire,
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OpenAI’s staff is reportedly not happy about its board of directors firing founder and former CEO Sam Altman. According to a social media post from tech podcaster Kara Swisher, employees sent a letter to the board demanding that the members resign. The post states that 505 of the company’s 700
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While the United States Federal Reserve decided to hold interest rates at its November meeting, they remain at their highest level since well before the global financial crisis (GFC) of 2008-09. The Federal Funds rate stands at 5.25-5.5%, similar to the United Kingdom’s 5.25%, while in the European Union it
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The possible contents of Former FTX CEO Sam Bankman-Fried upcoming testimony have been outlined in a letter to Judge Kaplan by his lawyer, Mark Cohen.In the letter submitted by Mark Cohen, to inform the Court of their planned testimony during Mr. Bankman-Fried’s direct examination, the defense requested approval to obtain testimony
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The FTX app and terms of service both told customers that the money they put on the exchange was being kept for them "as if they were sitting right there" – but, in reality, Bankman-Fried diverted those funds to "smaller and secretive company" called Alameda Research and spent them on
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Members of the crypto community have rallied behind a post on X (formerly Twitter) calling for owner Elon Musk to remove a profile claiming to be the fabled creator of Bitcoin, Satoshi Nakamoto.On Oct. 3, user Pledditor posted on X, saying both the account claiming to be Nakamoto and the account
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“Ultimately, inadequate disclosures persist because opacity serves sponsors, executives, and other crypto industry insiders,” Brown argued. “It is far easier to profit when customers are left in the dark. That’s why the crypto companies resist real transparency and try to force Americans to accept the paltry, self-serving disclosures endemic to
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Brian Armstrong, the CEO of Coinbase, confirmed that the crypto exchange is “looking into” adding the Bitcoin (BTC) Lighting network in its quest to spread crypto payments adoption across the globe.On July 28, Armstrong addressed the crypto community on Twitter (rebranded to X), highlighting the potential of cryptocurrencies to improve
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Bankman-Fried faces seven different charges, including securities and wire fraud allegations, for a trial currently scheduled to kick off in October. Another trial, set for March, will see the DOJ try Bankman-Fried again on another five charges, including conspiracy to commit bank fraud. Source
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