Avalanche Social App Stars Arena Drained of $3M in AVAX After Hack
The newest viral application launched nearly a week ago and quickly gained a cult following.
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Activist Crypto Investors Score $2.5M Bounty After Campaign on FloorDAO
The so-called decentralized autonomous organization initially formed to focus on building products, but activist investors who showed up were more interested in the project's treasury.
Bitcoin Grapples with $28K Resistance, but ‘Uncorrelated Asset’ Allure Could Mean Higher Prices, Says Analyst
Bitcoin is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent the crypto down nearly 2%.
Far From the SBF Trial, a Very Different Web3 Narrative Is Unfolding
The story of Sevi, a talented artist who happens to be a 10-year-old autistic boy living in Manila.
Michael Lewis' SBF Biography Will Confuse People About Crypto
The author's sympathetic picture of the alleged fraudster as a weirdo whom nobody understood contrasts with his portrayal of crypto as a no-good industry ripe for adult supervision, says Amanda Cassatt.
Former Alameda Research CEO Caroline Ellison to Testify Tuesday in Sam Bankman-Fried Trial
Gary Wang, a former top lieutenant in Bankman-Fried’s empire, testified that Alameda had “special privileges” at FTX that allowed the hedge fund to spend $8 billion of exchange customers’ money.
Tokenized U.S. Treasuries Arrive on Coinbase’s Base with Backed’s RWA Token Issuance
The market for tokenized U.S. Treasuries has grown sixfold this year to $666 million, according to a real-world asset data provider.
U.S. Added 336K Jobs in September, Nearly Doubling Expectations; Bitcoin Slips 1%
The unemployment rate TKTK
First Mover Americas: Ether ETFs Struggle to Gain Traction in First Week
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.
Sam Bankman-Fried's Lawyers Test the Judge's Patience
It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team.
Ethereum Has Become More Centralized Since the Merge and Shanghai Upgrades: JPMorgan
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
Bitcoin at 'Risk of Falling,' Ether ETFs Lacklustre Performance Dismays Traders
Data shows that broader crypto markets lost just under 1% in the past 24 hours.
THORSwap Pauses Platform After Series of FTX Hack-Linked Trades
A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk.
A Better Way to Distribute Crypto Ecosystem Grants
Token project treasuries, foundations and grant programs are a necessary lifeline during the bear market. But this funding could be more fairly disbursed, Lunar Strategy's Tim Haldorsson writes.
Blackbird, Crypto Restaurant App, Raises $24M in Funding Led by A16z
The target audience is restaurant users, but the blockchain-based project comes with its own "Flypaper" and fungible FLY tokens.
Bitcoin Enters ‘Quiet Bull Market’ as Safe Haven from Bond Market Turmoil, Analyst Says
Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.
Bitcoin Financial Services Firm Swan Unveils 'Collaborative Custody' Service
Swan and Blockstream's aim is to allow users to retain ultimate control of their bitcoin (BTC) while knowing that is stored in a highly secure way.
Michael Lewis Was Charmed by Sam Bankman-Fried – But So Was Everyone Else
Michael Lewis is getting slammed for a relatively sympathetic portrayal of SBF. The larger question is: Why did so many people fall under Sam’s spell?
Crypto Custody Firm Ledger Cuts 12% of Staff
The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts.
Taiwanese Crypto Trader's 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
Sometimes, being tax-compliant pays off.
Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies
Gary Wang, the former chief technology officer and co-founder of FTX, told a jury that he, Bankman-Fried and fellow former executives Caroline Ellison and Nishad Singh committed multiple forms of fraud.
Crypto for Advisors: Waiting for the Next Crypto Bull Market? It’s Already Here.
Is crypto winter slowly thawing and spring upon us? Thanks to Jennnifer Murphy from Runa Digital Assets sharing their perspective on the crypto market and indicators that the bull may be upon us.
Blockticity Mints Hemp and Cannabis Certifications on Avalanche
The process works by Blockticity printing a QR code on a product and the QR code then links to a Certificate of Analysis minted as an Avalanche NFT.
Banks Would Have to Disclose Crypto Holdings Under New BIS Plan
The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrency
Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether
CoinDesk reported earlier this week that Friend.Tech users were seemingly starting to get targeted in SIM swap exploits.
First Mover Americas: DOJ: SBF’s Crypto Empire Was Built on a Lie
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
The employees flagged their discovery to one of FTX's director of engineering Nishad Singh but the problem never got fixed.