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   Business News    Business News   Business News

  Posted by u/ one year ago

Bankman-Fried?s Lawyers Blame His Ex-Girlfriend and CZ For FTX?s Collapse

Bankman-Fried?s lawyers contend that Alameda?s losses and FTX?s bank run were caused by Caroline Ellison and Changpeng Zhao, respectively.

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  Posted by u/ one year ago

Why Some Crypto Firms Are Suspending Services in the U.K.

Bybit and PayPal have recently withdrawn certain services from the U.K. and Luno has halted some U.K. clients from investing in crypto ? just ahead of tough new promotions rules for crypto firms coming into effect.

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  Posted by u/ one year ago

Lack of U.S. Crypto Laws Irrelevant to Bankman-Fried Allegations, DOJ Says

The FTX founder?s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see.

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  Posted by u/ one year ago

Central Bank Group Unveils Data Project Mapping Crypto Transfers

The new data source, which also maps off-chain flows, could underpin future crypto regulations, according to the German-Dutch central bank project.

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  Posted by u/ one year ago

Sam Bankman-Fried Lost Half a Million Dollars Every Day After Alameda Launched, Michael Lewis Claims

The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.

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  Posted by u/ one year ago

XRP Spikes as Ripple Scores Singapore License, SEC Loses Motion to Appeal

Broader crypto markets dropped 0.7% in the past 24 hours, the CoinDesk Market Index (CMI) shows.

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  Posted by u/ one year ago

Bitcoin Hovers Above $27.4K; XRP Notches Win, Solana Token Slides

Low volatility returned to crypto markets after a sudden move higher earlier this week following ETF decisions.

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  Posted by u/ one year ago

DeFi Project Yield Protocol to Wind Down by Year's End

At its peak in April 2022, Yield Protocol had over $22 million in total value locked, but this figure has since dwindled to around $2 million.

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  Posted by u/ one year ago

No Jury Yet, but We're Getting There

Sam Bankman-Fried had a grin on his face as he entered court on Tuesday morning ? clad in a black suit and an uncharacteristically tame (read: closely trimmed) mop of hair. After nine long months, the disgraced crypto founder will finally have the chance to defend himself against a wide array of federal fraud and conspiracy charges tied to the collapse of FTX, his crypto and futures exchange, and Alameda Research, the crypto trading firm he founded and ? according to prosecutors ? used to illegally re-invest FTX user funds.

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  Posted by u/ one year ago

First Mover Americas: Judge Dismisses SEC?s Attempt to Appeal Ripple Ruling

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ one year ago

Crypto vs. Banks? It?s Not Either-Or for Chainlink, Ripple

Rather than attempting to disrupt banks and other traditional payments systems, these high-profile blockchain developers are looking to court their business.

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  Posted by u/ one year ago

Polygon Co-Founder Jaynti Kanani Steps Down

Kanani, who founded Polygon in 2017 alongside Sandeep Nailwal and Anurag Arjun, announced his plans in a post on X (formerly Twitter) on Wednesday.

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  Posted by u/ one year ago

CMCC Global Raises $100M for Hong Kong-Based Blockchain Companies

The lead investor in the fund was B1, which committed $50 million, alongside Richard Li?s Pacific Century Group, Tyler and Cameron Winklevoss? firm and Animoca Brands founder Yat Siu.

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  Posted by u/ one year ago

Sam Bankman-Fried Now Has a Jury

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.

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  Posted by u/ one year ago

Asian Banking Giant DBS Is Patiently Wading Into Crypto

CoinDesk?s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets.

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  Posted by u/ one year ago

Investors Fear Volatility and Risk, Particularly With Crypto. Here?s Why They Shouldn?t.

Erik Anderson of Global X explains how volatility ? something many investors are scared of ? can be a very good thing in crypto.

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  Posted by u/ one year ago

Sam Bankman-Fried Shouldn?t Have Cut His Hair

If your defense is ?I didn?t know what was happening,? don?t dress like a competent person.

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  Posted by u/ one year ago

The Protocol: Which Ethereum Layer-2 Project ISN?T Competing to Land Celo?

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 the technology for the Celo blockchain?s new network

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  Posted by u/ one year ago

Sam Bankman-Fried ?Lied,? DOJ Tells Jury; Defense Tries to Pin FTX Collapse on Caroline Ellison

"He poured money ? other people's money ? into investments to make himself even richer," the prosecutor said in opening arguments.

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  Posted by u/ one year ago

A Spot ETH ETF Represents the Dawn of Institutional Liquid Staking

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  Posted by u/ one year ago

Alameda Was ?Business as Usual? Before Collapse: Ex-Engineer

Security and risk checks were ?poor? at the company, but the implosion of the trading firm came as a surprise to insiders.

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  Posted by u/ one year ago

Poor Week for Ether Prompts Research Firm to Reverse Outlook, Advise Favoring Bitcoin Instead

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.

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  Posted by u/ one year ago

Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform

HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.

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  Posted by u/ one year ago

Bitcoin Edges Higher to $27.7K; AVAX, XRP Jump as Crypto Market Settles

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.

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  Posted by u/ one year ago

CMCC Global Hong Kong Funds $100M To Back Asian Blockchain Start-ups: Report

CMCC Global Hong Kong funded successfully $100M for Asian blockchain start-ups, defying crypto sector challenges, as per SCMP.

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  Posted by u/ one year ago

Solana Validator Health Report Shows Sustainable Growth

In the most recent Solana Validator Health Report, Solana has demonstrated its position as one of the most robust and distributed proof-of-stake networks, emphasizing its commitment to network resilience and diversity.

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  Posted by u/ one year ago

Top 5 Upcoming Layer 2 Tokens In 2023

Airdrop programs served as an effective means to introduce new or existing projects to the crypto community. Let's take a look at the top 5 upcoming Layer 2 tokens in 2023 with Coincu.

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  Posted by u/ one year ago

Web3 App Blackbird Successfully Raises $24M Led By a16z

Blackbird Labs, creators of the web3 app Blackbird, secured a $24 million Series A funding round led by a16z. The app boosts restaurant revenue by personalizing customer experiences.

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  Posted by u/ one year ago

LEVER Rockets 100% with Massive Transfers to DWF, Binance, Bybit

The price of $LEVER rocket skyrocketed by nearly 100%, leaving the crypto community in awe.

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  Posted by u/ one year ago

ARB Whale Banks $73K as Wintermute Pours $870K into Binance

A prominent ARB whale recently executed a substantial $ARB sale, garnering a profit of approximately $73,000.

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  Posted by u/ one year ago

Bankman-Fried Trial Now Selects Jury To Bring Criminal Charges

A jury has been selected for the Bankman-Fried trial, which is accused of fraud and conspiracy. He could face a sentence of more than 100 years in prison.

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  Posted by u/ one year ago

Former Alameda Engineer Reveals Hidden Truth Before FTX Crisis

Caroline Ellison's confession, rather than internal warnings, led to the revelation that the trading firm was on the brink of collapse, according to a former Alameda engineer.

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  Posted by u/ one year ago

FTX Hacker Update: $99M ETH Moved, $207M Still At Large

FTX hacker update: 60,000 ETH ($99M) has been moved through 4 addresses, with 56,000 ETH exchanged for BTC. 125,735 ETH ($207M) remains across 9 addresses

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  Posted by u/ one year ago

Immutable zkEVM Mainnet Will Start To Launch On December 2023

Immutable zkEVM Mainnet launch is scheduled for December - January, followed by dedicated app chains and zk-prover integration in 2024.

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  Posted by u/ one year ago

Alphabet Bulls Undeterred By Biggest Antitrust Case in Decades

Alphabet Bulls Undeterred By Biggest Antitrust Case in Decades

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  Posted by u/ one year ago

Only a Stocks Crash Can Rescue the Bond Market, Barclays Says

Only a Stocks Crash Can Rescue the Bond Market, Barclays Says

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  Posted by u/ one year ago

US Stocks Buoyed by Big Tech Gains as Yields Slide: Markets Wrap

US Stocks Buoyed by Big Tech Gains as Yields Slide: Markets Wrap

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  Posted by u/ one year ago

Biden forgives another $9B in student loan debt for 125,000 borrowers

The administration?s actions come as student loan payments return for millions of borrowers after a more than three-year hiatus during the pandemic.

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  Posted by u/ one year ago

Biden to deliver 'major' Ukraine speech, says alternate funding possible

The president said aiding Ukraine is ''overwhelmingly'' in the US interest and he's planning a speech on the topic. Latest news.

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  Posted by u/ one year ago

Maine voter registration guide: How to check voter registration status, options to vote

Voters in Maine will see eight questions on the ballot in this year's referendum election. Here's what you need to know about voting in the state.

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  Posted by u/ one year ago

Ocasio-Cortez criticized GOP reaction to fire alarm pull | Fact check

Ocasio-Cortez does not cry in the CNN clip shown here. Video of her criticizing the GOP response to Jamaal Bowman's fire alarm pull is miscaptioned.

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  Posted by u/ one year ago

Bill Gates never called for mRNA resisters to be excluded | Fact check

A spokesperson for Gates' foundation says he did not make such a statement. The claim originated on a website known to publish misinformation.

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  Posted by u/ one year ago

The rebellious 8: Here's which Republicans voted to oust Kevin McCarthy

Republican Kevin McCarthy is the first Speaker of the House to be voted out of the position. These 8 Republicans voted against him.

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  Posted by u/ one year ago

Biden concerned with future Ukraine aid

President Joe Biden shared concerns regarding continuing aid for Ukraine following the chaos in the House after Kevin McCarthy was ousted as speaker.

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  Posted by u/ one year ago

European Stocks Dip in Volatile Trading as Focus Stays on Yields

European Stocks Dip in Volatile Trading as Focus Stays on Yields

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  Posted by u/ one year ago

Investors Eye Profit Rebound After Yearlong Earnings Recession

Investors Eye Profit Rebound After Yearlong Earnings Recession

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  Posted by u/ one year ago

India's Whisky Takes on Scottish Peers, Boosting Tiny Stock 290%

India's Whisky Takes on Scottish Peers, Boosting Tiny Stock 290%

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  Posted by u/ one year ago

No One Wants to Remember 1987. Then There?s 1916

No One Wants to Remember 1987. Then There?s 1916

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  Posted by u/ one year ago

Tech Giants Buoy Stocks as Treasury Yields Slide: Markets Wrap

Tech Giants Buoy Stocks as Treasury Yields Slide: Markets Wrap

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  Posted by u/ one year ago

Exclusive: Haley surges past DeSantis in New Hampshire as Trump leads

Nearly 4 in 10 likely Republican primary voters in New Hampshire say they still might change their minds, a USA TODAY/Boston Globe/Suffolk Poll finds.

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