FameEX Morning Crypto News Recap | April 30, 2024

Bankruptcy Judge Approves $450M Settlement Between FTX and Voyager

On April 29, Judge John Dorsey of the U.S. Bankruptcy Court in Delaware approved a settlement between FTX and Voyager Digital. Under the terms of the agreement, FTX will relinquish all rights to $450 million previously claimed by Voyager from the crypto exchange. This resolution is part of the ongoing bankruptcy proceedings involving both companies.

South Korea Aims to Elevate the Status of Its Crypto Crime Unit

The South Korean Ministry of Justice and Ministry of Security and Public Administration are collaborating to upgrade their crypto crime investigative unit to a permanent department. Budget issues and prosecutor appointments will be discussed next month. Currently, the unit's prosecutors are linked to the Seoul Southern District Prosecutors’ Office.

OpenAI Secures New Publishing Agreement Amid Intensifying Content Licensing Race

OpenAI has partnered with the Financial Times to integrate FT's journalism into its AI models, aiming for greater accuracy and source reliability. Announced on April 29, the collaboration will utilize AI to innovate new products and features for FT readers. Additionally, OpenAI's ChatGPT users will receive access to selected summaries, quotes, and links to FT articles, enhancing the chatbot's utility and content offering.

Tether Puts $200M into Neurotech Firm Investment

On April 29, Tether revealed a $200 million investment in Blackrock Neurotech through its newly established division, Tether Evo, dedicated to exploring the nexus of human potential and technology. Blackrock Neurotech, founded in 2008, is a worldwide leader in brain-computer-interface (BCI) technology, recognized for developing cutting-edge brain-computer interfaces.

Thai Regulator Takes Action Against Misleading Crypto Advertisements

On April 29, the Thai Securities and Exchange Commission (SEC) issued a warning to all crypto exchanges, urging them not to glamorize cryptocurrency investments through misleading advertisements. The Thai SEC emphasized the need for these platforms to comply with established advertising standards to protect investors.

OpenAI Faces Privacy Complaint in Austria, Possible Violation of EU Law

On April 29, the Austrian data rights protection group Noyb filed a privacy complaint against OpenAI, alleging that the AI developer has failed to correct false information disseminated by its generative AI chatbot, ChatGPT. This oversight by OpenAI may potentially violate European Union privacy regulations, placing the company at the heart of a significant legal challenge.

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