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Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach

[Oct 6, 2023 4:49 AM] Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.

Sam Bankman-Fried's Lawyers Test the Judge's Patience

[Oct 6, 2023 4:00 AM] It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team.

Ethereum Has Become More Centralized Since the Merge and Shanghai Upgrades: JPMorgan

[Oct 6, 2023 1:17 AM] The increase in staking has reduced the appeal of ether from a yield perspective, the report said.

Bitcoin at 'Risk of Falling,' Ether ETFs Lacklustre Performance Dismays Traders

[Oct 6, 2023 1:02 AM] Data shows that broader crypto markets lost just under 1% in the past 24 hours.

THORSwap Pauses Platform After Series of FTX Hack-Linked Trades

[Oct 6, 2023 12:24 AM] A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk.

Billionaire on Paper: FTX CTO Gary Wang Reveals Alameda’s Privileges Amidst Exchange Scandal

[Oct 5, 2023 10:00 PM] Former FTX chief technology officer Gary Wang took the stand on Thursday in the trial of FTX founder Sam Bankman-Fried. Wang admitted to committing financial crimes with Bankman-Fried, former Alameda CEO Caroline Ellison, and former FTX engineering…

Tales From the FTX Bean Bag: Witness Reveals Bankman-Fried’s Financial Missteps and Personal Entanglements

[Oct 5, 2023 4:00 PM] During the Sam Bankman-Fried trial this week, Adam Yedidia, a close friend and former employee of the ex-FTX chief, delivered his testimony. Yedidia had a brief stint as an intern at Alameda Research, a quantitative trading firm linked to FTX…

Blackbird, Crypto Restaurant App, Raises $24M in Funding Led by A16z

[Oct 5, 2023 3:27 PM] The target audience is restaurant users, but the blockchain-based project comes with its own "Flypaper" and fungible FLY tokens.

Bitcoin Enters ‘Quiet Bull Market’ as Safe Haven from Bond Market Turmoil, Analyst Says

[Oct 5, 2023 1:28 PM] Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.

Swan Seeks to Boost Custody Offerings With Blockstream Partnership

[Oct 5, 2023 1:00 PM] Today, Blockstream, a global leader in Bitcoin infrastructure, announced a partnership with Swan Bitcoin, a prominent Bitcoin-only financial services company, to launch Swan Vault, enabling customers to safeguard their Bitcoin via collaborative…

Bitcoin Financial Services Firm Swan Unveils 'Collaborative Custody' Service

[Oct 5, 2023 1:00 PM] Swan and Blockstream's aim is to allow users to retain ultimate control of their bitcoin (BTC) while knowing that is stored in a highly secure way.

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.

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.