Sam Bankman-Fried, the former CEO of FTX, was sentenced to 25 years in jail today in a packed courtroom, marking a significant moment in the legal scrutiny of the crypto industry. He will be 57 years old when he is released. The sentencing, as detailed by Inner City Press, comes after a series of legal The post Former FTX CEO Sam Bankman-Fried sentenced to 25 years in landmark fraud case appeared first on CryptoSlate.

Leonard Dorlochter, the co-founder of peaq, revealed that the layer-1 blockchain focused on decentralized physical infrastructure networks (DePINs) and Machine RWAs is gearing up for its mainnet launch and token offering in an exclusive statement to CryptoSlate. “The mainnet launch will be a historic milestone for the project, the culmination of years’ worth of research The post DePIN protocol peaq gears up for mainnet launch as token offering ‘closing in by the day’ appeared first on CryptoSlate.

Three blockchain-based artificial intelligence companies are in discussions to merge their crypto tokens to develop a decentralized AI platform, according to a report by Bloomberg. The companies involved in the potential merger are SingularityNET, Fetch.ai, and Ocean Protocol, as reported by people familiar with the matter who asked to remain anonymous due to the private The post 3 top AI projects surge over 30% following rumors of token merge – report appeared first on CryptoSlate.

Tether, the company behind the world’s largest stablecoin USDT, has announced a strategic expansion into artificial intelligence, as reported by the company on March 26. With a market cap of $104 billion, Tether aims to lead the development of open-source, multimodal AI models and integrate AI solutions into market-driven products. The move comes amid growing The post Tether enters AI race with pledge to build open-source LMMs to combat Big Tech appeared first on CryptoSlate.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 13 entities and two individuals for operating in the financial services and technology sectors of the Russian economy, including those developing or offering services in virtual assets that reportedly enable the evasion of US sanctions, as reported by the Treasury Department The post United States OFAC places new sanctions on crypto firms with ties to Russia appeared first on CryptoSlate.