The bankrupt cryptocurrency exchange FTX is suing the parents of founder Sam Bankman-Fried for allegedly manipulating their relationships to divert millions of dollars out of the company improperly. Alameda Research LLC, Alameda Research Ltd., FTX Trading Ltd., West Realm Shires, Inc., and West Realm Shires Services Inc. (FTX.US) filed a complaint in Delaware bankruptcy court The post SBF’s parents accused of masterminding parts of FTX deception, appropriating over $30M appeared first on CryptoSlate.

From securing blockchain transactions to enhancing privacy, Zero-Knowledge Proofs (zk-proofs) is a transformative technology reshaping the future of finance. Let’s peel back the layers of this complex concept, from a five-year-old’s perspective to a fifty-year-old’s, and explore what it means for our emerging web3 economy. Spoiler: The words security and privacy come up a lot. The post ELI5:50 – What is a Zk-proof and why it matters for the future of finance appeared first on CryptoSlate.

The controversial donation of $3 million in Binance Coin (BNB) by Binance Charity to victims of the recent earthquake in Morocco has sparked a debate about the role of cryptocurrencies in humanitarian aid. As reported by the Financial Times, some critics have labeled it a PR stunt, arguing that victims of such disasters need immediate essentials The post Binance Charity, CZ defend $3 million crypto donation amid critique after Morocco earthquake appeared first on CryptoSlate.

A recent keynote address by American entrepreneur and early Bitcoin adopter Erik Voorhees has ignited a debate regarding the intersection of democracy and cryptocurrency adoption. However, according to senior staff software engineer at Coinbase, Yuga Cohler, while engaging, Voorhees’ speech presents an overly simplistic and potentially damaging viewpoint that may impede rather than encourage the The post Industry insiders challenge Voorhees ‘cryptocurrency over democracy’ stance appeared first on CryptoSlate.

As artificial intelligence rapidly advances, legacy media rolls out the warnings of an existential threat of a robotic uprising or singularity event. However, the truth is that humanity is more likely to destroy the world through the misuse of AI technology long before AI becomes advanced enough to turn against us. Today, AI remains narrow, The post Op-ed: Humanity will use AI to destroy itself long before AI is sentient enough to rebel against it appeared first on CryptoSlate.