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Sam Bankman-Fried Appeals Decision Jailing Him Ahead of Trial: Reuters
Sam Bankman-Fried’s lawyers have appealed a judge’s decision to send him to jail while he is waiting to start trial over several allegations tied to the collapse of his former crypto exchange FTX on October 3, Reuters reports.
A Crypto President? Top U.S. 2024 Contenders Aren’t Fans, and Rivals Are Way Behind
Crypto was on fire as a topic in the early U.S. presidential campaigning, but the first Republican debate last week showed it may not be an issue that has legs with candidates trying to grasp mainstream attention. While we wait to see whether…
Protocol Village: Shibarium Bridge Opens for Token Withdrawals
The latest in blockchain tech upgrades and announcements.
Binance’s Belgian Customers to Use Polish Entity In Bid to Escape Regulators’ Ban
Financial authority FSMA told the company in June to cease serving Belgian customers from outside the European bloc
The Bitcoin Circular Economy Battles Entrenched Mindsets in El Salvador
In his third weekly dispatch from El Salvador, Jonathan Martin meets two Bitcoin entrepreneurs working to improve financial inclusion.
Solana-Based Automation Startup Clockwork to Shut Down
Solana-based automation project Clockwork’s developers are moving on from the venture-backed startup after finding it had “limited commercial upside.”
Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market
Price-charts suggest more declines ahead even as large investors are adding on their bitcoin holdings, one trader said.
Ethereum's Daily Transaction Fees Hits 8-Month Low of $2.8M
Ethereum's daily total transaction fees fell to 1,719 ETH ($2.8 million) on Sunday, the lowest single-day total since Dec. 26.
Indian Billionaire Mukesh Ambani's Firm Will Explore Blockchain Platforms and CBDCs
Reliance Industries Ltd. is entering the world of blockchain and central bank digital currencies (CBDCs), its Chairman and Asia's richest man, Mukesh Ambani, announced on Monday.
Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC
Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period
Shiba Inu’s Highly Anticipated Shibarium Bridge is Now 'Fully Functional'
Withdrawals can take anywhere from 45 minutes to a week, depending on the token, developers said in a Monday update.
Bitcoin Traders Remain Fearful of 'Tail Risk' Amid Renewed Price Lull: Observers
Tail risk refers to the risk of an asst moving three standard deviations from its current price on the back of a rare event.
Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE
Unprecedented transactions out of a multisig wallet spooked Pepecoin watchers last week.
Sam Bankman-Fried's Defense Renews Push for 'Temporary Release' Ahead of October Trial
Attorneys for Sam Bankman-Fried have filed a new motion to secure his "temporary release" or at least have him dropped off with his defense team five days a week.
Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts
The decision comes only weeks after Binance has been grappling with multiple legal challenges in the U.S.
Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks
Federal Reserve chair Powell speaking at Jackson Hole doubled down on keeping financial conditions tight, including hiking interest rates further if needed.
Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service
Binance has cut ties with five sanctioned Russian banks that were listed on the exchange’s peer-to-peer service to let users transfer funds in rubles, the country’s native currency.
Sweeping U.S. Tax Proposal Met With Boos From Crypto World
An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings.
Fed's Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate
Market participants were looking to Friday morning's speech to gauge the future direction of the U.S. central bank's monetary policy.
Celsius Token Holders Lose Bid to Hike CEL Valuation
Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of market manipulation
Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk
DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.
U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether…
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.
First Mover Americas: Bitcoin Clings to $26K as Investors Await Powell’s Speech
The latest price moves in bitcoin (BTC) and crypto markets in context for August 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.
JPMorgan Sees Limited Downside for Crypto Markets in the Near Term
News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.