Crypto Custody Firm Ledger Cuts 12% of Staff
[Oct 5, 2023 11:34 AM] The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts.
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Taiwanese Crypto Trader's 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
[Oct 5, 2023 10:20 AM] Sometimes, being tax-compliant pays off.
Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies
[Oct 5, 2023 9:59 AM] 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.
Blockticity Mints Hemp and Cannabis Certifications on Avalanche
[Oct 5, 2023 9:00 AM] 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.
DOJ Eyes Seizure of Ex-FTX Chief’s Two Luxury Jets in Ongoing Criminal Probe
[Oct 5, 2023 8:30 AM] In the ongoing criminal case against Sam Bankman-Fried, federal prosecutors have unveiled a forfeiture bill, indicating the Department of Justice’s (DOJ) intent to commandeer two luxury jets belonging to the ex-FTX chief. Specifically, the…
Banks Would Have to Disclose Crypto Holdings Under New BIS Plan
[Oct 5, 2023 8:00 AM] The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrency
Argentine Peso Reaches Record Lows After National Digital Currency Push
[Oct 5, 2023 7:30 AM] The Argentine peso reached record lows Wednesday after the economy minister and presidential candidate Sergio Massa proposed issuing a national digital currency. The informal blue exchange rate rose to 850 pesos per dollar, later retracing to 843…
Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether
[Oct 5, 2023 6:19 AM] 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
[Oct 5, 2023 6:05 AM] 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.
Volcano Energy Launches First Bitcoin Mining Pool in El Salvador
[Oct 5, 2023 5:30 AM] Volcano Energy, a renewable energy-focused Bitcoin mining company, has announced a strategic partnership with Luxor Technologies, a Bitcoin mining tech company, to launch Lava Pool, the first Salvadoran Bitcoin mining pool. Lava Pool will be…
FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
[Oct 5, 2023 5:10 AM] The employees flagged their discovery to one of FTX's director of engineering Nishad Singh but the problem never got fixed.
Crypto Fundraising Hits 3-Year Low as Firms Struggle to Raise Capital: Messari
[Oct 5, 2023 5:00 AM] 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
Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says
[Oct 5, 2023 3:45 AM] 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?
[Oct 5, 2023 2:50 AM] 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
[Oct 5, 2023 2:43 AM] The Dutch central bank shouldn’t have made Binance successor Coinmerce and others pay for their money laundering registration, a Rotterdam court said
An Urban Farmstead Emerges From 3AC Co-Founder’s Bankrupt-Shadowed Mansion
[Oct 5, 2023 2:30 AM] According to a report, the spouse of Three Arrows Capital (3AC) co-founder Su Zhu has transformed their residence into a farmstead. The farm reportedly boasts numerous garden beds, a variety of composting zones, and the couple’s swimming pool…
Dogecoin NFT Community 'Own The Doge' is Installing Kabuso Dog’s Statue in Japan
[Oct 5, 2023 2:10 AM] 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
[Oct 5, 2023 1:00 AM] 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
[Oct 5, 2023 12:41 AM] Zhu was reportedly arrested last week while trying to leave the country, liquidators said.
South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator
[Oct 4, 2023 9:30 PM] Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s…
Bitcoin Edges Higher to $27.7K; AVAX, XRP Jump as Crypto Market Settles
[Oct 4, 2023 4:20 PM] 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.
A Shot at Full Recovery? Amazon’s Billions to Anthropic Ignite Hopes for FTX Creditors
[Oct 4, 2023 3:30 PM] FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media…
Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform
[Oct 4, 2023 2:17 PM] HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.
Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage
[Oct 4, 2023 1:30 PM] Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge…
Poor Week for Ether Prompts Research Firm to Reverse Outlook, Advise Favoring Bitcoin Instead
[Oct 4, 2023 1:20 PM] 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
[Oct 4, 2023 1:14 PM] 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
[Oct 4, 2023 12:05 PM] "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?
[Oct 4, 2023 11:41 AM] 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…
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
[Oct 4, 2023 11:30 AM] The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to…
Sam Bankman-Fried Now Has a Jury
[Oct 4, 2023 9:34 AM] 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.