Former FTX exec will give up real estate, car and $11M following guilty plea: Report
Ryan Salame will reportedly remain free on a $1 million bond until his sentencing hearing expected in March 2024.
Posts published on September 7, 2023 go to media archive 2/4
House committee will reopen discussions on digital dollar in Sept. 14 hearing
Following an August recess, members of the House Financial Services Committee will gather for a “Digital Dollar Dilemma” hearing on Sept. 14.
Stake hack of $41M was performed by North Korean group: FBI
After investigating, the FBI concluded that the hack of crypto gambling site Stake was carried out by North Korean hackers Lazarus Group.
Ex-FTX Executive Ryan Salame Could Forfeit $1.5B as Part of Guilty Plea
Prosecutors say Sam Bankman-Fried used Salame as a “straw donor” to secretly funnel millions of dollars to Republican political candidates.
CFPB examines Big Tech’s role in mobile payment systems ahead of rulemaking
The U.S. Consumer Financial Protection Bureau has focused on the role of Apple and Google in mobile payments with a critical eye.
Polygon Foundation Refutes Claims Of Dumping MATIC On Binance – Here’s What Happened
Blockchain analytics site Lookonchain flagged recent transactions of two on-chain addresses allegedly owned by the Polygon Foundation. The platform reported that one of these wallet addresses had transferred large amounts of MATIC – the…
Report: Former FTX Co-Chief Ryan Salame Contemplates Guilty Plea
According to insiders who reached out to Bloomberg, there are intriguing developments surrounding Ryan Salame, the former co-chief executive of FTX Digital Markets. The buzz is that he is gearing up to admit guilt in response to criminal charges…
Fraud Lawsuit Against Michael Egorov, the CEO of DeFi Giant Curve, Is Quashed in California
A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place.
Tencent unveils ChatGPT rival in China amid continuing US AI chip ban
Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China.
Make Or Break: Bitcoin Fate Hangs On The Edge Of The 200-Week EMA
Bitcoin (BTC) has officially dipped below the $26,000 level and is currently trading at $25,800, which coincides with its 200-week Exponential Moving Average (EMA). This EMA has served as a crucial support level, as it played a role in…
CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC).
Bitcoin Witnesses Second-Highest Daily Ordinal Inscription Count as Inscriptions Near 30 Million
While Bitcoin-based nonfungible token (NFT) sales have declined, and the network has dropped to seventh out of 23 blockchains in sales this past month, Ordinal inscriptions continue unabated. The number of inscriptions linked to the Bitcoin…
Meta’s assault on privacy should serve as a warning against AI
Facebook was the worst thing to happen to user privacy over the last two decades. Artificial intelligence could be the worst thing to happen in the days ahead.
UK financial watchdog could give crypto firms until January 2024 for marketing compliance
Companies offering crypto services to U.K. residents have an Oct. 8 deadline to run “clear, fair and not misleading” marketing campaigns, but some could have until Jan. 8.
Peach Bitcoin Celebrates One-Year Anniversary With Launch of Version 0.3
Peach Bitcoin has officially launched Peach 0.3, while coinciding with the one year anniversary of the company. This new version introduces new features, a comprehensive wallet that seamlessly integrates with the app, enabling users to manage their…
Aave, Circle, Base become founding members of Tokenized Asset Coalition
It’s a big day for asset tokenization as many of the biggest names in the field announced the formation of association to further its development.
FASB's Crypto Accounting Shakeup Could Lure More Corporate Investment, Michael Saylor and Others Argue
The U.S. accounting standards board yesterday unanimously voted in favor of "fair value" accounting for crypto assets held on corporate balance sheets.
Binance Boosts Bitcoin, Ether Trading in Argentine, Brazilian, South African Currencies With Fee Promotion
The crypto exchange's promotion comes as trading volumes plummet to four-year lows, hurting the revenue streams.
El Salvador Launches Education Program To Teach Bitcoin In Every School
El Salvador, the first nation to officially adopt Bitcoin as legal tender, is once again making headlines in the world of cryptocurrency. With the combined efforts of My First Bitcoin, Bitcoin Beach, and the Ministry of Education, the nation…
AI and blockchain will 'reshape sectors' and create new markets from scratch — Moody's
According to an analysis from Moody's Investors Service, AI and distributed ledger technologies are set to disrupt companies, industries, and economies across the globe.
Biggest Movers: TON Moves Towards $1.90, XLM Remains Near Recent Highs
Toncoin was a big mover on Thursday, as the token rose by nearly 4%, closing in on the $1.90 level in the process. The rally came despite crypto price consolidation, with the global market cap largely unchanged as of writing. Stellar also surged…
‘NFTs will win on Bitcoin’ — OnChainMonkey NFT collection ditches Ethereum
Metagood CEO Danny Yang attributed the move to the Bitcoin network being seen as a more secure platform for its users, among other reasons.
9 crypto leaders share advice for proof-of-humanity solution builders
Respect for users’ personal privacy must be top of mind when developing proof-of-humanity identity solutions.
Why Advanced Bitcoiners Should Consider Upgrading To a Shamir Backup
This is an opinion editorial by Josef Tětek, a Bitcoin analyst at Trezor.Self-custody is an absolute must for every bitcoiner. After the collapses of FTX, BlockFi, Celsius and many others, the merit of the “not your keys” mantra is beyond obvious…
Back to School: Supporting the Next Generation of Investors
How will advisors adapt to support the next gen investor? Erik Anderson from Global X takes us through the changing landscape in today’s Crypto for Advisor newsletter.
SEC’s Gensler Should Be Focus of More Hearings on Treatment of Crypto: U.S. Senator
Sen. Bill Hagerty (R-Tenn.) previewed the lawmaker ire in store for U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler as Congress returns from its summer break, with Hagerty accusing the regulator of stomping on crypto innovation…
Binance to reimburse users $1M for Cyber Earn incident
Users were prevented from withdrawing their CYBER Earn assets on the exchange due to a cross-chain bridging issue.
U.K. Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January.
Crypto Exchange Kraken's UK Derivatives Unit Looking to Expands Its Service: Bloomberg
The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November.