As founder Sam Bankman-Fried (SBF) prepares for trial on fraud charges in the U.S., a recent Wired magazine article highlights how the failure of cryptocurrency exchange FTX affected users worldwide. Taking a moment to reconsider that which was lost by so many around the world feels fitting ahead of SBF’s trial commencing next week. So, The post Wired unveils the global toll of FTX collapse amid Sam Bankman-Fried looming trial date appeared first on CryptoSlate.

Celsius has objected to a motion filed by cryptocurrency company Galaxy Digital seeking over $190,000 in fees for storing only $2.67 worth of Celsius’ digital assets. In a bankruptcy court filing Thursday, Celsius argues that Galaxy’s services were not necessary expenses deserving priority repayment. Celsius filed for Chapter 11 bankruptcy protection in July. The two The post Celsius claim Galaxy Digital seeking over $190,000 to repay $3 debt appeared first on CryptoSlate.

The past week has been marked by several significant advancements in AI, with tech giants and startups pushing the boundaries of what can be accomplished. From OpenAI’s groundbreaking update to its popular AI chatbot, ChatGPT, to Meta’s announcement of AI-powered smart glasses, the landscape of artificial intelligence is evolving rapidly, fueling competition and innovation. OpenAI’s The post Huge week for AI as tech giants Meta, Amazon, Microsoft all make big plays appeared first on CryptoSlate.

The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, has successfully concluded the testing phase of Project Mariana, an initiative focused on the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs.) This milestone achievement demonstrates the potential of decentralized finance (DeFi) concepts and public The post Central Banks look to unlock DeFi possibilities in cross-border CBDCs appeared first on CryptoSlate.

The Securities and Exchange Commission (SEC) is seeking to depose Terraform Labs co-founder Do Kwon in the U.S. by Oct. 13, according to a legal filing reviewed by CryptoSlate. This comes despite Kwon currently being detained in Montenegro pending potential extradition. Kwon’s legal team argues it is impossible for him to appear for a deposition in The post SEC insists on U.S. deposition for detained Terraform Labs co-founder Do Kwon appeared first on CryptoSlate.