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Google invests $300M in AI firm previously funded by Sam Bankman-Fried

Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed.

While the $300 million figure was reported by Financial Times on Feb. 4, Anthropic confirmed the investment partnership with Google Cloud on the same day despite not disclosing any figures:

In the same announcement, Anthropic also confirmed that they previously raised capital from Bankman-Fried and former Alameda Research CEO Caroline Ellison, among others, in its Series B fundraising round:

The Series B round was led by Sam Bankman-Fried, CEO of FTX. The round also included participation from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR)."

The fundraising efforts led by Bankman-Fried took place in April, 2022, according to Crunchbase.

Altcoins

Google invests $300M in AI firm previously funded by Sam Bankman-Fried

Members of Crypto Twitter are speculating whether Bankman-Fried and FTX will source the reported $530 million invested in Anthropic to pay off FTX creditors.

Regulations

New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers

These cybercriminals reach out to romance-seekers from dating apps like Tinder before convincing them to invest in their fraudulent cryptocurrency investment schemes.

Regulations

SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4

Top Stories This Week

SBF’s $250M bail guarantors should be made public, rules judge

The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan. Bankman-Fried’s legal counsel has until Feb. 7 to contest the decision. As bankruptcy proceedings continue, FTX and affected parties have requested subpoenas for information and documents from close relatives of Bankman-Fried, claiming not all members of his inner circle have responded to requests for information. Other recent news includes Alameda Research suing bankrupt crypto lender Voyager Digital in an attempt to claw back $445.8 million in loan repayments made before FTX collapsed.

UK Treasury publishes crypto framework paper: Here’s what’s inside

The United Kingdom’s HM Treasury published a long-anticipated consultation paper for its upcoming crypto regulation. The document covers a broad range of topics, from algorithmic stablecoins to nonfungible tokens to initial coin offerings. The authority aims to level the playing field between crypto and traditional finance by incorporating digital assets into the U.K.’s Financial Services and Markets Act 2000.

Read also

Features

Zooko’s Triangle: The Human-Readable Paradox at the Heart of Crypto Adoption

Features

Play2Earn: How Blockchain Can Power a Paradigm Shift in Building Game Economies


Weekly Overview

SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4

Top Stories This Week

SBF’s $250M bail guarantors should be made public, rules judge

The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan. Bankman-Fried’s legal counsel has until Feb. 7 to contest the decision. As bankruptcy proceedings continue, FTX and affected parties have requested subpoenas for information and documents from close relatives of Bankman-Fried, claiming not all members of his inner circle have responded to requests for information. Other recent news includes Alameda Research suing bankrupt crypto lender Voyager Digital in an attempt to claw back $445.8 million in loan repayments made before FTX collapsed.

UK Treasury publishes crypto framework paper: Here’s what’s inside

The United Kingdom’s HM Treasury published a long-anticipated consultation paper for its upcoming crypto regulation. The document covers a broad range of topics, from algorithmic stablecoins to nonfungible tokens to initial coin offerings. The authority aims to level the playing field between crypto and traditional finance by incorporating digital assets into the U.K.’s Financial Services and Markets Act 2000.

Read also

Features

Zooko’s Triangle: The Human-Readable Paradox at the Heart of Crypto Adoption

Features

Play2Earn: How Blockchain Can Power a Paradigm Shift in Building Game Economies


Altcoins

SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4

Top Stories This Week SBF’s $250M bail guarantors should be made public, rules judge The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan. Bankman-Fried’s legal counsel has until Feb. 7 […]

Ethereum

SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4

Top Stories This Week

SBF’s $250M bail guarantors should be made public, rules judge

The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan. Bankman-Fried’s legal counsel has until Feb. 7 to contest the decision. As bankruptcy proceedings continue, FTX and affected parties have requested subpoenas for information and documents from close relatives of Bankman-Fried, claiming not all members of his inner circle have responded to requests for information. Other recent news includes Alameda Research suing bankrupt crypto lender Voyager Digital in an attempt to claw back $445.8 million in loan repayments made before FTX collapsed.

UK Treasury publishes crypto framework paper: Here’s what’s inside

The United Kingdom’s HM Treasury published a long-anticipated consultation paper for its upcoming crypto regulation. The document covers a broad range of topics, from algorithmic stablecoins to nonfungible tokens to initial coin offerings. The authority aims to level the playing field between crypto and traditional finance by incorporating digital assets into the U.K.’s Financial Services and Markets Act 2000.

Read also

Features

Zooko’s Triangle: The Human-Readable Paradox at the Heart of Crypto Adoption

Features

Play2Earn: How Blockchain Can Power a Paradigm Shift in Building Game Economies


Market Analysis

SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4

Top Stories This Week SBF’s $250M bail guarantors should be made public, rules judge The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan. Bankman-Fried’s legal counsel has until Feb. 7 […]

Bitcoin

SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4

Top Stories This Week SBF’s $250M bail guarantors should be made public, rules judge The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan. Bankman-Fried’s legal counsel has until Feb. 7 […]

Blockchain

SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4

Top Stories This Week SBF’s $250M bail guarantors should be made public, rules judge The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan. Bankman-Fried’s legal counsel has until Feb. 7 […]

Regulations

UK is 'likely' to need digital currency, says BoE and Treasury: Report

The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation.

Regulations

Bitcoin clings to $23.5K as trader says BTC 'identical' to 2020 breakout

Bitcoin is far from turning everyone bullish, but several sources point to classic bull market structures now in place on BTC price charts.

Bitcoin

Bitcoin clings to $23.5K as trader says BTC ‘identical’ to 2020 breakout

Bitcoin (BTC) circled $23,500 on Feb. 4 as bulls refused to give up support in out-of-hours trading.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin price conjures 2020 memories

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding a narrow range in place since the Feb. 3 Wall Street open.

Macroeconomic data releases from the United States provided modest volatility but no overall trend change as traders bided their time heading into the weekend.

Opinions on the longer-term outlook were mixed, however, with some maintaining that there was little reason to trust that Bitcoin’s rally would continue.

“Seeing $50,000 calls already on Bitcoin and we have yet to complete a higher high and higher low market structure change,” popular trader Crypto Tony summarized in part of a tweet on the day.

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Market Analysis

Tax strategies allow crypto investors to offset losses

Reporting cryptocurrency when filing taxes can help investors offset their losses.

Bitcoin

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

Central bank Governor Nandalal Weerasinghe believes that adopting decentralized cryptocurrencies would worsen the country’s economic situation.

Bitcoin

The world must take a 'collective action' approach to regulations – suggests India’s Finance Minister

Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month.

Bitcoin

The world must take a 'collective action' approach to regulations – suggests India’s Finance Minister

Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month.

Blockchain

The world must take a 'collective action' approach to regulations – India’s Finance Minister

Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month.

Regulations

Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter.

Bitcoin

Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter.

Blockchain

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