Crypto Fundraising Hits 3-Year Low as Firms Struggle to Raise Capital: Messari
The amount raised by crypto firms in Q3 fell to just under $2.1 billion, across 297 deals, the lowest on both counts since Q4 2020
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Unpacking the First Day of Sam Bankman-Fried's Actual Trial
A Parisian cocoa trader told Sam Bankman-Fried’s trial jury that pricey ads and FTX’s confident CEO helped convince him the crypto exchange was a safe place to deposit over $100,000 so he could trade cryptocurrencies – but he never expected that…
Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says
The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX.
Bitcoin Holds Steady at $27.6K; Why Are XRP, AVAX Prices Pumping?
Ether fell 0.5%, Solana’s SOL fell 1.4%, while Cardano’s ADA and BNB Chain’s BNB traded flat.
Dutch Crypto Companies Score Legal Win in Fight Against $2.3M Supervision Bill
The Dutch central bank shouldn’t have made Binance successor Coinmerce and others pay for their money laundering registration, a Rotterdam court said
Dogecoin NFT Community 'Own The Doge' is Installing Kabuso Dog’s Statue in Japan
Kabosu is the actual dog of the meme that inspired popular internet culture and tokens such as Dogecoin.
Prediction Market 'Zeitgeist' to Use CoinDesk Indices for Broad Crypto Bets
Traders will be able to bet on the performance of a basket of DeFi tokens, or of a group of smart contract platforms' native currencies.
Singapore Police Responding to Su Zhu's Arrest Says It Has Detained 36-Year Old Man: Reuters
Zhu was reportedly arrested last week while trying to leave the country, liquidators said.
Bitcoin Edges Higher to $27.7K; AVAX, XRP Jump as Crypto Market Settles
Bitcoin edged higher to $27,700 Wednesday afternoon as crypto markets calmed after Monday’s sharp rally. XRP and AVAX jumped 3% and 7%, respectively.
Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform
HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.
Poor Week for Ether Prompts Research Firm to Reverse Outlook, Advise Favoring Bitcoin Instead
Ether's price dropped to its lowest price compared to bitcoin since July 2022 as the launch of futures-based ETH ETFs attracted meager interest from investors.
Alameda Was ‘Business as Usual’ Before Collapse: Ex-Engineer
Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.
Sam Bankman-Fried ‘Lied,’ DOJ Tells Jury; Defense Tries to Pin FTX Collapse on Caroline Ellison
"He poured money — other people's money — into investments to make himself even richer," the prosecutor said in opening arguments.
The Protocol: Which Ethereum Layer-2 Project ISN’T Competing to Land Celo?
In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide…
Sam Bankman-Fried Shouldn’t Have Cut His Hair
If your defense is “I didn’t know what was happening,” don’t dress like a competent person.
Investors Fear Volatility and Risk, Particularly With Crypto. Here’s Why They Shouldn’t.
Erik Anderson of Global X explains how volatility – something many investors are scared of – can be a very good thing in crypto.
Asian Banking Giant DBS Is Patiently Wading Into Crypto
CoinDesk’s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets.
Sam Bankman-Fried Now Has a Jury
A federal judge has chosen the 12 people who will decide whether FTX founder Sam Bankman-Fried violated fraud and other laws in running his once-mighty crypto exchange.
CMCC Global Raises $100M for Hong Kong-Based Blockchain Companies
The lead investor in the fund was B1, which committed $50 million, alongside Richard Li’s Pacific Century Group, Tyler and Cameron Winklevoss’ firm and Animoca Brands founder Yat Siu.
Polygon Co-Founder Jaynti Kanani Steps Down
Kanani, who founded Polygon in 2017 alongside Sandeep Nailwal and Anurag Arjun, announced his plans in a post on X (formerly Twitter) on Wednesday.
Crypto vs. Banks? It’s Not Either-Or for Chainlink, Ripple
Rather than attempting to disrupt banks and other traditional payments systems, these high-profile blockchain developers are looking to court their business.
First Mover Americas: Judge Dismisses SEC’s Attempt to Appeal Ripple Ruling
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
No Jury Yet, but We're Getting There
Sam Bankman-Fried had a grin on his face as he entered court on Tuesday morning – clad in a black suit and an uncharacteristically tame (read: closely trimmed) mop of hair. After nine long months, the disgraced crypto founder will finally have the…
DeFi Project Yield Protocol to Wind Down by Year's End
At its peak in April 2022, Yield Protocol had over $22 million in total value locked, but this figure has since dwindled to around $2 million.
Bitcoin Hovers Above $27.4K; XRP Notches Win, Solana Token Slides
Low volatility returned to crypto markets after a sudden move higher earlier this week following ETF decisions.
XRP Spikes as Ripple Scores Singapore License, SEC Loses Motion to Appeal
Broader crypto markets dropped 0.7% in the past 24 hours, the CoinDesk Market Index (CMI) shows.
Sam Bankman-Fried Lost Half a Million Dollars Everyday After Alameda Launched, Michael Lewis Claims
The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.
Central Bank Group Unveils Data Project Mapping Crypto Transfers
The new data source, which also maps off-chain flows, could underpin future crypto regulations, according to the German-Dutch central bank project.
Lack of U.S. Crypto Laws Irrelevant to Bankman-Fried Allegations, DOJ Says
The FTX founder’s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see.