Summary FTX founder Sam Bankman-Fried (SBF) is requesting to be released from Brooklyn Metropolitan Detention Center (MDC) on weekdays to properly prepare for his defense. SBF’s lawyers argue that the two days a week given by prosecutors to review his case files are “entirely inadequate” and violate his sixth amendment rights. They emphasize the massive amount of documents SBF must review, including “three-quarters of a million pages of Slack communication.” If granted, SBF will be able to meet his lawyers at the courthouse and use an internet-enabled laptop to work on his defense. Sam Bankma ..read more

Thaler had tried multiple times to copyright the image “as a work-for-hire to the owner of the Creativity Machine,” which would have listed the author as the creator of the work and Thaler as the artwork’s owner, but he was repeatedly rejected. After the Office’s final rejection last year, Thaler sued the Office, claiming its denial was “arbitrary, capricious … and not in accordance with the law,” but Judge Howell didn’t see it that way. In her decision, Judge Howell wrote that copyright has never been granted to work that was “absent any guiding human hand,” adding that “human authorship ..read more

A recent report by CoinGecko has found significant disparities in household electricity expenses for individual Bitcoin miners around the world. The report revealed that only 65 countries are profitable for solo miners based on household electricity costs, with Italy being the most expensive country to produce Bitcoin at $208,560.33 per Bitcoin. On the other hand, Lebanon has the cheapest electricity rates, allowing individual miners to generate one Bitcoin for just $266.02. The report also noted that Iran, despite legalizing Bitcoin mining in 2019, has banned legal operations on several occ ..read more

In 2015, Ethereum introduced smart contracts that later enhanced technological borders to decentralized application (dApp) developers. In just three years, the crypto market was stuffed with thousands of ICOs and tokens that promised to make the world a better place.  Time and highly competitive environment erased most of the cryptocurrency projects while keeping the strongest ones. With a goal to become a decentralized version of NASDAQ and Visa at the same time, Kyber Network burst into the crypto industry in 2017. Kyber Network (KNC) Overview Kyber Network Crystal v2 Price Change 2 ..read more

An under-the-radar Ethereum (ETH) gaming altcoin has rallied against the crypto market downtick, surging 42% in the last seven days. Echelon Prime (PRIME) is a web3 ecosystem that aims to advance the next generation of gaming. Echelon’s website says the project “creates and distributes tools to encourage innovation in, and promote the growth of, novel gaming models and economies.” The project’s native token, PRIME, is trading at $3.88 at time of writing, up from around $2.73 a week ago. The 295th-ranked crypto asset by market cap is also up nearly 12% in the past 24 hours. On Tuesday, Echelo ..read more

Non-fungible token issuer Yuga Labs suggested on Aug. 18 that it will discontinue support for parts of OpenSea’s trading platform. Yuga Labs responded to an Aug. 17 announcement from OpenSea in which the latter firm said it would transition to optional creator fees. That move will see OpenSea discontinue its Operator Filter, which allowed NFT creators to enforce creator fees and royalties by blocking transactions from parties known not to respect those fees. OpenSea said it will sunset the filter on Aug. 31, though non-Ethereum collections and collections that enabled the feature prior to Aug ..read more

A mysterious Ethereum whale successfully sold $41 million worth of ETH right before the cryptocurrency market crashed. The whale moved their funds to the Binance exchange and withdrew $41 million worth of Tether USDT. Although they still made a loss of $1.7 million in the sale, they avoided losing at least $5 million in the crash. This is not the first time this trader has made smart trades, as they have shown signs of being able to predict market movements before. While it is unclear if whales have insider knowledge, their actions can provide insight into future price action. This article o ..read more

Top Stories This Week Judge grants SEC request to file motion for appeal in Ripple case Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to file a motion, on Aug. 18, requesting permission to bring a case to the U.S. Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Torres ruled, on July 13, that Ripple’s XRP token is not a security when distributed in public sales ..read more

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