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Controversial Crypto project Worldcoin is hoping that an Apple-style makeover of its infamous retina scanning orbs will help the company shed some of its dystopian image. Worldcoin orbs scan and upload people’s irises to its biometric database as a means to assign “World IDs” and become what it says will be the “world’s largest digital identity and financial network.” Users have previously received Worldcoin Crypto tokens as payment for their biometric data. However, the technology has been branded exploitative and deceptive by the MIT Technology Review. Users of the orb have reportedly called the project “dystopian” and “creepy.” Alex Blania, the CEO of Worldcoin’s parent company Tools for Humanity, told TechCrunch on Wednesday that their mission is to “race toward billions of users as fast as we possibly can.”  The orbs will change in color and shape in a bid to look “much more friendly.” He said the “next iterations will look quite different,” be “way [more] tuned down,”...

Former FTX CEO, Sam Bankman-Fried, is set to face trial in October, with his defense team preparing to spotlight the role of previous legal counsel in key decisions made during his tenure. Sam Bankman-Fried, the former CEO of the now-bankrupt crypto exchange FTX, is set to go on trial in October, and new defense strategies have emerged. Bankman-Fried lawyers are gearing up to potentially place a portion of the blame on the previous legal counsel affiliated with the failed exchange. According to recent reports, the defense team intends to present evidence that legal representatives from Fenwick & West LLP, in conjunction with in-house lawyers, played a role in “reviewing and approving” pivotal decisions. The core argument is that these lawyers provided Bankman-Fried with advice on critical subjects, including auto-delete protocols and loans involving both FTX and Alameda Research. As a result of such counsel , the former FTX boss is believed to have thought he was ...

Lawyers claim that Sam Bankman-Fried (SBF) needs his medications for depression and ADHD at Brooklyn’s detention center.  Reuters reported that SBF’s lawyers requested Emsam skin patches for depression and a few doses of Adderall for attention deficit hyperactive disorder (ADHD) in the detention center. The attorneys stated in a letter to U.S. District Judge Lewis Kaplan that the former FTX CEO has been prescribed the meds for five and three years. “Without these medications, mr. Bankman-Fried will experience a return of his depression and ADHD symptoms, which will severely impact his ability to assist in his own defense.” SBF’s lawyers Moreover, the 31-year-old disgraced CEO is waiting for his trial, scheduled for Oct. 2, while in detention for allegedly tampering with witnesses — his $250 million bail has been revoked.  Before heading to prison, SBF claimed, on Aug. 2, that the jail request violates the freedom of speech. The proposal for the former F...

Welcome to the 120th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write about. OK, only Crypto ? Not necessarily. We do that Monday to Friday, so we try to explore new subjects on weekends. Feel free to join in and submit entries on Twitter. Any topic is fair game. 21 mins ago ️ Aussie banks ditch Binance The Crypto exchange has been hit by growing global concerns while China links are still hazy. Latest from @BennettTomlin Subscribe and read: https://t.co/IG3DsHVvBD pic.twitter.com/DrKlQCcvcH — Protos (@Protos) May 26, 2023 The Context. 21 mins ago Wake up babe – new set of SBF quotes dropped (not stolen from anywhere)https://t.co/IId6RQCuVk pic.twitter.com/my4DWOMg5y — pooredart (@poordart) May 27, 2023 17 mins ago Alex @Mashinsky’s recent ‘like.’ Apparently this tweet translates to: “Who is willing to f*ck me?...