FameEX Morning Crypto News Recap | April 30, 2024

Bankruptcy Judge Ratifies $450M Settlement Deal Between FTX and Voyager

On April 29, Delaware's U.S. Bankruptcy Court Judge John Dorsey approved a settlement between FTX and Voyager Digital. FTX agreed to give up all claims to $450 million that Voyager had asserted against the exchange, marking a key resolution within their ongoing bankruptcy proceedings.

South Korea Seeks to Enhance the Standing of Its Crypto Crime Unit

The South Korean Ministry of Justice and Ministry of Security and Public Administration aim to make their crypto crime investigative unit a permanent department. Discussions on budget allocation and prosecutor appointments are scheduled for next month. The unit is presently associated with the Seoul Southern District Prosecutors’ Office.

OpenAI Strikes New Publishing Deal as Competition for Content Licensing Escalates

OpenAI has announced a partnership with the Financial Times to enhance its AI models with FT journalism, improving accuracy and reliability. Revealed on April 29, this collaboration aims to develop new AI-driven products and features for FT readers. Additionally, ChatGPT users will get access to selected summaries, quotes, and links from FT articles, enriching the chatbot’s content.

Tether Invests $200 Million in Neurotech Company

On April 29, Tether announced a $200 million investment in Blackrock Neurotech via its new division, Tether Evo, which focuses on the convergence of human potential and technology. Founded in 2008, Blackrock Neurotech is a global leader in brain-computer-interface (BCI) technology, known for its advanced developments in the field.

Thai Regulatory Authority Clamps Down on Deceptive Crypto Advertising

On April 29, the Thai Securities and Exchange Commission (SEC) issued a directive to all crypto exchanges, cautioning them against using misleading advertisements to glamorize cryptocurrency investments. The SEC stressed the importance of adhering to established advertising standards to safeguard investors.

OpenAI Subject to Privacy Complaint in Austria, Alleged Breach of EU Law

On April 29, Noyb, an Austrian data rights protection group, filed a privacy complaint against OpenAI. They allege that the AI developer has not addressed inaccurate information spread by its generative AI chatbot, ChatGPT. This failure could potentially infringe on European Union privacy laws, placing OpenAI in the midst of a significant legal predicament.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​