Congress Can't Let Gary Gensler Regulate Digital Assets Out of Existence
We should support an amendment from House Majority Whip Tom Emmer to limit the SEC’s authority over the industry, say Tim Ryan and David McIntosh, co-chairs of the Blockchain Innovation Project.
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take…
Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From
Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood…
Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CoinDesk, further delaying what Chia had hoped would be a rapid path to listing as a public company.
First Mover Americas: Bitcoin Hits Highest Price in a Month
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
It is officially trial week, everyone – or as Bloomberg’s Joe Weisenthal would likely put it, “this is why we get up in the morning.” It’s been exactly nine months and 20 days since Sam Bankman-Fried got arrested in his then-home in the Bahamas
FTX's Bankman-Fried Cannot Blame Lawyers in Opening Statement: Judge
Sam Bankman-Fried cannot blame FTX's lawyers for its collapse or operations in his opening statements, though he can still try and make a so-called "advice-of-counsel" defense later, the federal judge overseeing his case ruled Sunday.
FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says
The U.S. Department of Justice said it intends to call FTX customers, investors and cooperating witnesses to testify against Sam Bankman-Fried at trial next week, including a Ukrainian local who would have difficulty getting to the courthouse…
Millions in Ether Tied to FTX Account Drainer on The Move
FTX was hacked in November 2022, hours after the global crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.
Sam Bankman-Fried's attorneys objected to some of the U.S. Department of Justice's proposed voir dire questions in a late Friday filing, saying they may miss potential juror bias or otherwise lead to jurors making assumptions about the case.
The Most Pressing Issue on Ethereum is Validator Size Growth
If appetite for staking on Ethereum does not slow meaningfully over the next several months, the size of Ethereum’s validator set could become problematic for the blockchain, says Christine Kim, Vice President of Research at Galaxy Digital.
First Mover Americas: Circle Argues Stablecoins Aren’t Securities in Response to SEC’s Binance Lawsuit
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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