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View More NewsIn brief Director Carl Rinsch was sentenced Monday to 30 months in prison for defrauding Netflix of $11 million meant to finish a sci-fi series he never delivered. Rinsch lost millions on stock options, then turned the remaining $4 million into nearly $27 million on a Dogecoin bet, prosecutors said. He spent the windfall on Rolls-Royces, a Ferrari, and a $388,000 watch, and must now repay Netflix $11 million in restitution. A Hollywood director who took $11 million from Netflix to finish a TV show, then gambled it on crypto, is heading to prison.Carl Erik Rinsch, who directed Keanu Reeves…
Update 2:00 pm UTC, June 29: Added comment from Germany’s Federal Financial Supervisory Authority (BaFin).The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is producing uneven crypto licensing across member states and European Economic Area (EEA) jurisdictions, with Germany leading approvals under the new regime that takes effect on Wednesday.Data from the European Securities and Markets Authority (ESMA) interim register, compiled on Friday, shows Germany has 57 MiCA-authorized crypto-asset service providers (CASPs), accounting for about 23% of the 244 total licenses issued.France follows with 26 companies, or roughly 11% of all approvals, placing it alongside the Netherlands as the bloc’s…
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On 6 June, a play that has been decried as too “toxic” and “problematic” for the age of #MeToo ended an acclaimed, sold-out run at London’s National Theatre. A filmed version of the production also began screening in cinemas across the United Kingdom, the United States, Australia, and other countries from 25 June. The play is Christopher Hampton’s Les Liaisons Dangereuses, the (now-updated) 1985 adaptation of Pierre-Ambroise Choderlos de Laclos’s eponymous 1782 novel.The book has also been denounced plenty of times since it first appeared—back then, it was described with words like “execrable” or “infamous.” Its authorship reportedly got Laclos,…
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The immediate impact will fall on customers whose exchanges are withdrawing services, Fazel told CoinDeskSeveral exchanges, including Binance, have announced changes to their European…
Key takeaways:An extreme Bitcoin put-call options imbalance and a 19% delta skew reveal heavy hedging against downside price swings.Strategy’s cash hoard eases short-term debt…
In brief DeepReinforce released Ornith-1.0 on June 25 under MIT license, purpose-built for AI coding agents working in real terminal and repository environments. The…
from the but-he-returns-their-calls! dept Back in July of 2024, when two of the biggest big shots in venture capital, Marc Andreessen and Ben Horowitz,…
Binance, the world’s largest cryptocurrency exchange, may be unable to serve customers in Europe if its regulatory license application in Greece is turned down,…
State Street Investment Management has launched a money market fund designed for stablecoin issuers, offering a vehicle for holding reserve assets under the framework…
In brief SpaceX agreed to acquire AI coding startup Cursor in an all-stock deal valuing the company at $60 billion. The acquisition was disclosed…
from the more-vindictive-prosecutions-in-the-works dept Just once I’d like to see this administration engage in the slightest bit of subtlety. Just once. It would be…
Silicon Valley has a new pitch for Washington: Artificial intelligence will solve all your budget problems. Industry leaders claim the technology will turbocharge productivity…
Coinbase (COIN) said it plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, joining the growing competition among crypto firms and traditional…
Cryptocurrency exchange Binance, whose application under the European Union’s Markets in Crypto Assets (MiCA) framework is under consideration, has generally deferred responding to a…
In brief BlackRock unveiled an ETF that limits Bitcoin gains in exchange for double-digit payouts by selling call options on its holdings. Under current…