South Korean Lawmaker Cleared in Coin Gate Scandal
A South Korean court has declared former lawmaker Kim Nam-guk not guilty in the Coin Gate scandal, according to local news reports. The ruling comes after significant public attention surrounding the case.
Elon Musk Leads $97 Billion Bid for OpenAI’s Non-Profit Arm
Elon Musk, in a surprising move, has spearheaded a $97.4 billion bid to acquire the non-profit entity controlling OpenAI. This bid aims to change OpenAI’s structure, potentially reversing its shift away from its original non-profit mission. The move is met with a rejection from OpenAI CEO Sam Altman.
Binance and SEC Pause Legal Battle for 60 Days
Binance and the US Securities and Exchange Commission (SEC) have temporarily paused their legal dispute for 60 days, according to a joint motion. This development could potentially affect other cases involving the SEC and the crypto industry.
US Crypto Regulation Seeks New Balance
New leadership at the Office of the Comptroller of the Currency (OCC) suggests a more favorable banking landscape for crypto firms, while the Consumer Financial Protection Bureau (CFPB) might have reduced influence. The US regulatory environment for crypto is experiencing changes, creating uncertainty for the industry.
Cardano Founder Criticizes Toxic Governance Tactics
Cardano founder Charles Hoskinson has criticized the project’s governance for toxic behavior and tactics. Hoskinson voiced concern about “constant unrelenting naked criticism” and “destructive” actions within the project’s online forums. This comes as a community member announced their departure due to the negative environment.
