Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed a number of Elon Musk companies, is suing his former employer, the massive trillion-dollar AUM Brookfield Asset Management, reports The New York Times. Much of Raffaelli’s complaint concerns how Brookfield covered pandemic-related real estate losses and alleges the company fired him…
The SEC has finally filed its long-awaited settlement agreement with Ripple, signaling a pivotal moment that could unleash XRP’s momentum and reshape crypto regulation forever. SEC and Ripple File Final Settlement in XRP Case—Now All Eyes on Judge Torres The U.S. Securities and Exchange Commission (SEC) published a Litigation Release on May 8 announcing a…
Key Takeaways Ripple and the SEC reached a final settlement to resolve the 2020 lawsuit, requesting to dissolve the court’s injunction and finalize penalties. The deal proposes Ripple pays $50 million to the SEC, with the remaining escrowed funds returned to Ripple. Share this article The SEC and Ripple Labs jointly filed a motion today…
Digital resurrection projects — using artificial intelligence to bring back the likeness of people who have died — have become a trend for at least two years. And, as AI gets more advanced, so do the resurrections. Most recently, Stacey Wales used AI to generate a video of her late brother, Christopher Pelkey, to address…
In a move raising more eyebrows than sympathy, disgraced Celsius founder Alex Mashinsky has just been granted permission to travel after his sentencing, however, this time not for a business deal, but to walk his daughter down the aisle. The catch? This isn’t your average crypto dad. Mashinsky is awaiting judgment on federal fraud charges…
XRP is approaching a critical resistance at $2.21, where the 50-day and 100-day EMAs converge alongside a descending trendline from January. Whale wallets holding 10–100 million XRP have increased their share of the token supply by 1.75%, signaling heightened confidence. Ripple’s XRP price is demonstrating signs of increased bullish sentiments and trades 3% higher at…
Under the applicable sentencing guidelines, Mashinsky could have faced up to 30 years in prison. But federal judges are required to take into account various additional factors when coming to a sentence, including the characteristics and personal history of a defendant, the likelihood they might reoffend, and so on. “It’s a complicated patchwork of facts…
On Thursday, bitcoin’s price jumped to $102,819, hitting a peak not seen since Feb. 3, and plenty of analysts point to a growing wave of institutional involvement as the driving force behind the climb. Wall Street’s Growing Appetite Sends Bitcoin Soaring Past $102K The institutions are here in full force, or so the chatter goes,…
TL;DR After a brutal drop below $1,400 in April, Ethereum (ETH) is showing signs of life again, reclaiming key technical levels and surging past $2,000. Many analysts are optimistic that the price can go much higher in the near future, with some envisioning a new ATH. ‘The Bull Run Has Begun’ The second-largest cryptocurrency has…
OpenAI is enhancing its AI-powered “deep research” feature with the ability to analyze codebases on GitHub. On Thursday, OpenAI announced what it’s calling the first “connector” for ChatGPT deep research, the company’s tool that searches across the web and other sources to compile thorough research reports on a topic. Now, ChatGPT deep research can link…
