China

Judge Dismisses xAI Trade Secrets Lawsuit Against OpenAI, Allows Refiling

A judge has dismissed a trade secrets lawsuit filed by xAI against OpenAI, citing insufficient evidence to support the claims. However, the court has allowed xAI the opportunity to refile the lawsuit with additional information. The case revolves around allegations that OpenAI misappropriated proprietary information from xAI. This decision marks a significant moment in the ongoing legal disputes within the AI industry. xAI, founded by Elon Musk, is expected to reassess its legal strategy following the dismissal.

Read the full article: Decrypt

The UK is picking winners for its digital dollar future while Coinbase CEO cries foul

The UK government is moving forward with plans for a central bank digital currency (CBDC), often referred to as a digital pound, and is selecting key players to help shape its development. Coinbase CEO Brian Armstrong has criticized the UK's approach, arguing that it favors certain companies over

UK Selects Firms for Stablecoin Regulatory Sandbox, Including Revolut

The UK has chosen several firms to participate in its stablecoin regulatory sandbox, aimed at fostering innovation while ensuring consumer protection. Among the selected companies is Revolut, a well-known financial technology firm. The sandbox will allow these firms to test their stablecoin products and services in a controlled environment with

Blockfills co-founder and CEO Nicholas Hammer has stepped down

Nicholas Hammer, co-founder and CEO of Blockfills, has resigned from his position. The decision comes amid ongoing challenges within the cryptocurrency industry, which has faced significant volatility and regulatory scrutiny. Hammer's departure marks a significant leadership change for the company, which specializes in providing liquidity solutions for digital

Bitcoin Giant Strategy, Coinbase Among Most-Shorted Stocks: Goldman Sachs

Goldman Sachs has identified Coinbase as one of the most shorted stocks in the market, alongside other major companies. This trend reflects growing skepticism among investors regarding the cryptocurrency exchange's performance amid regulatory challenges and market volatility. The report highlights that Bitcoin's price fluctuations and the

Read more

The UK is picking winners for its digital dollar future while Coinbase CEO cries foul

UK Selects Firms for Stablecoin Regulatory Sandbox, Including Revolut

Blockfills co-founder and CEO Nicholas Hammer has stepped down

Bitcoin Giant Strategy, Coinbase Among Most-Shorted Stocks: Goldman Sachs