njatanad

@njatanad

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Standing motionless by the sea

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In the interview with Cointelegraph, Bhaidani pointed to collateral damage FTX had suffered from the $60 billion Terra Luna ecosystem collapse and former FTX US President Brett Harrison leaving before he was bound for a big payout.

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The latest donation by the Ethereum Foundation isn’t the first time Pertsev received financial support from the Ethereum community.

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Kraken’s stablecoin would be pegged to the US dollar, Bloomberg reported on Feb. 20, citing sources familiar with the matter who were not authorized to discuss the topic publicly.

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Siemiatkowski said he had some ideas but asked his followers for their input, prompting responses from some industry executives. The firm processes around $100 billion in trading volume annually.

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Swedish payments giant Klarna Bank AB, which is reportedly planning a US initial public offering this year, plans to “embrace crypto,” according to a Feb. 8 post from its CEO Sebastian Siemiatkowski.

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Last month, Osprey flagged plans with the SEC to convert its Osprey Bitcoin Trust (OBTC) into a spot Bitcoin ETF after a deal to be acquired by rival Bitwise fell through.

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“Rather, Osprey’s claims focus on the extent to which Grayscale’s unfair competition, based on deceptive advertising, diverted market share from Osprey,” the firm’s lawyers wrote.

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Osprey and Grayscale weren’t part of “any ‘securities transaction’ with each other,” it added, and argued its claims aren’t about a securities transaction “being deemed fraudulent, deceptive, or otherwise actionable between the parties to it.”

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“The limited implied exemption from CUTPA for claims based on ‘securities transactions’ has never been applied, as the Decision implicitly applied it here, to claims arising from deceptive advertising between competitors merely because they do business in the securities, asset management, or cryptocurrency industries,” Osprey wrote.

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Osprey said in its Feb. 10 motion that Judge Gould’s ruling overlooked the differences between how the Federal Trade Commission and Connecticut courts treat deceptive advertising and how the FTC and courts treat securities transactions covered by Connecticut and federal securities laws.

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A year after the suit, in January 2024, the Securities and Exchange Commission approved GBTC’s conversion to an ETF after it lost in court against Grayscale. Osprey said in July 2024 that it would settle its claims against Grayscale for just under $2 million, which Grayscale didn’t take.

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His ruling added that at the time of Osprey’s suit, it and Grayscale “were the only two asset managers in the marketplace of opportunities for trust-based products offering ticker-based exposure to Bitcoin.”

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Judge Gould sided with Grayscale in his Feb. 7 ruling, who said that Osprey’s suit involved accusations about buying and selling securities, which is exempt from the act.

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The DOJ notice further alleged that Ding created and circulated PowerPoint presentations for the employees of his Chinese company, which cited PRC national policies and talent programs in China with statements like, “will help China to have computing power infrastructure capabilities that are on par with the international level.”

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Additionally, sensitive software built for chip communications and next-generation AI innovations were also leaked to benefit the People’s Republic of China (PRC) government.

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According to the DOJ, Ding stole sensitive trade secrets, including details about Google’s custom-designed SmartNIC, Tensor Processing Unit (TPU), and Graphics Processing Unit (GPU) chips and systems.

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Ding allegedly began discussions with the chief technology officer of a Chinese tech company in June 2022. By May 2023, he secretly founded an AI and machine-learning company in China and was serving as its CEO.

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According to the court document, the accused intended to benefit the Chinese government by stealing trade secrets from Google.

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