• Binance has allegedly been accused of hiding the names of sanctioned Russian banks behind color codes on its P2P platform.
• Despite Western sanctions, Binance maintains ties with blacklisted Russian banks, according to a report by WSJ.
• Federal judge rules art generated purely by AI cannot be copyrighted.
Binance Allegedly Maintains Ties With Blacklisted Russian Banks
According to the Wall Street Journal (WSJ), Binance has allegedly maintained ties with several blacklisted Russian banks despite the Western sanctions imposed on the country’s financial system. The exchange has reportedly renamed bank cards for Sber and Tinkoff to „green“ and „yellow“ local cards in order to process payments via its peer-to-peer (P2P) trading platform.
Insider Trading At OpenSea Sentences Nate Chastain To Three Months
Nate Chastain was recently sentenced to three months in prison after being found guilty of insider trading at OpenSea. Chastain had previously attempted to use confidential information about upcoming deals at OpenSea for his own benefit, resulting in a criminal investigation that led to his indictment last year.
Sam Bankman-Fried Allowed To Meet With Lawyers For Supervised Internet Access
Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, was allowed supervised access to the Internet for one time only in order to meet with lawyers as part of his court proceedings. Bankman-Fried is currently facing charges related to illegal cryptocurrency activities and money laundering offenses.
Federal Judge Rules Art Generated Purely By AI Cannot Be Copyrighted
A federal judge recently ruled that any art created purely by artificial intelligence (AI) could not be copyrighted under U.S. law due to its lack of creativity or originality. This decision may have a significant impact on how companies use AI in their products and services as well as how copyright laws are enforced around the world.
Worldcoin Whistleblower Publicly Severs Ties With Project
The Worldcoin project has recently suffered a major blow when one of its whistleblowers publicly severed ties with it and declared that it “deserves whatever will come next” for its apparent misuse of funds and other ethical violations within the organization. It remains unclear what consequences this will have for Worldcoin going forward, but it is certain that this development will cause disruption within the project’s community and operations moving forward
