UAE agriculture authority prohibits crypto mining on farms: Report

Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.

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Sony warns 700 AI devs, music streaming companies against content misuse

Sony is cracking down on AI developers like OpenAI and Microsoft with a letter that prohibits them from using its content to train or develop commercial AI systems.

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FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report

On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury residential real estate for senior staff and family members, as well as on commercial properties. FTX Execs Accused of $243 [...]

The post FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report appeared first on Crypto Breaking News.

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Hong Kong warns against crypto firms misrepresenting as banks

Hong Kongs central bank said it may be illegal for unlicensed companies to represent themselves as banks in Hong Kong. 

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