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.

Mark Zuckerberg touted artificial intelligence as a transformative technology poised to reshape the tech industry in an interview with Forbes published Wednesday, Sept. 27. Zuckerberg said recent AI breakthroughs represent “awesome progress” and predicted AI will become more ubiquitous in daily life. “There’s going to be a lot of different AIs that people interact with The post Zuckerberg predicts AI reshaping daily life, Meta to pursue ‘relentless’ integration – Forbes appeared first on CryptoSlate.

Celsius Network LLC and its affiliated debtors in bankruptcy court have filed a motion seeking approval of a settlement agreement with Core Scientific Operating Company related to litigation between the two companies. In a declaration filed supporting the motion, Celsius’ interim Chief Executive Officer, Chief Restructuring Officer, and Chief Financial Officer, Christopher Ferraro, stated that The post Celsius seeks final approval for $45 million Core Scientific Bitcoin mining site appeared first on CryptoSlate.

In the ongoing lawsuit brought by the Securities and Exchange Commission (SEC), Binance was granted an extension to respond to court orders on Sept. 26. The SEC filed suit in August against cryptocurrency exchange Binance Holdings Limited and its founder, Changpeng Zhao, along with two U.S.-based Binance entities, BAM Trading Services Inc. and BAM Management The post Binance gets court-approved extension in SEC lawsuit response appeared first on CryptoSlate.

As the decentralization of finance continues to steer the course of modern financial systems, the interplay between traditional bank savings and web-based liquid staking is something most may not fully comprehend. Let’s break the topic down using the ‘Explain Like I’m 5’ (ELI5) concept. ELI5: Liquid Staking in Web3 Imagine you’re at an arcade. You The post ELI5:50 – Web3 liquid staking versus traditional bank savings explained appeared first on CryptoSlate.