A federal judge has revoked the bail release of FTX founder Sam Bankman-Fried (SBF) and ordered him to be held in custody until his next court hearing scheduled for October. This development has been reported by CoinDesk.The US Department of Justice (DOJ) had petitioned for a review of Bankman-Fried's bail…

Generative artificial intelligence (AI) has emerged as a major risk to organizations, according to a survey conducted by Gartner. The survey revealed that 66% of respondents mentioned it as a concern.The survey, conducted in the second quarter of 2023, targeted 249 heads of corporate risk management departments. Notably, this is…

The decentralized finance (DeFi) sector remains a focal point for cryptocurrency investors. Recent significant events and news within the past weeks have been compiled by ForkLog in a digest. Key Metrics of the DeFi Sector The total value locked (TVL) in DeFi protocols has dropped to $41.94 billion. Lido takes…

The US Securities and Exchange Commission (SEC) is expected to approve several exchange-traded funds (ETFs) based on the first cryptocurrency simultaneously. This information has been reported by CoinDesk, referring to a report by the crypto financial service Matrixport.Analysts believe that such an event will have a "significant positive impact" on…

David Rubenstein, the co-founder of Carlyle Group, revealed in an interview with Bloomberg that he would be interested in purchasing the first cryptocurrency during its early developmental stages."There is immense global interest in the ability to possess something that can be transmitted outside the purview of governments and kept secret.…