Was FTX an empire ‘built on lies’ or a startup that ‘grew too quickly’?

The criminal trial of former cryptocurrency magnate Sam Bankman-Fried completed its second day on Wednesday. The prosecution and defense both gave opening statements, and interviewed the first two witnesses, including a customer of FTX and Bankman-Fried’s former friend and ex-Alameda and FTX employee Adam Yedidia. The prosecution painted Bankman-Fried as someone who knowingly committed fraud …

Elon Musk’s X headed for ‘rule of law’ clash with EU, warns Twitter’s former head of trust & safety

The former head of trust and safety at Twitter has warned the platform now known as X is charting a collision course with the European Union’s rebooted digital rulebook, the Digital Services Act (DSA) — which carries penalties of up to 6% of global annual turnover for confirmed breaches of the online governance regime. Speaking …

Telegram starts to look like a super app, echoing WeChat

Telegram, the popular messenger with 800 million monthly active users worldwide, is inching closer to adopting an ecosystem strategy that is reminiscent of WeChat’s super app approach. Certain aspects of the ecosystem will be decentralized with help from two heavyweights: Telegram’s crypto partner TON Foundation and WeChat’s owner Tencent. Telegram has been working on a …