Sam Bankman-Fried goes on trial: A week in review
7.10.2023
The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing
JPMorgan Report: Ethereum's Centralization Increased Post Merge and Shanghai Upgrades
7.10.2023
Ethereum's recent surge in ether (ETH) staking, spurred by the Merge and Shanghai upgrades, has raised concerns surrounding centralization and reduced overall staking yields, according to a Thursday report by JPMorgan.
Despite decentralized alternatives like Lido's liquid staking platform...
Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of Client Funds
7.10.2023
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang detailed how Bankman-Fried allegedly instructed him...
Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA
7.10.2023
Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).
This regulatory approval allows the company to function as a custodial wallet provider in accordance with the 2017 regulations on money laundering, terrorist financing,...
Billion with a B: FTX Co-founder Gary Wang Reveals the Extent of The Alleged Fraud
7.10.2023
The trial of former crypto golden boy Samuel Bankman-Fried continued Friday, October 6th in Manhattan Federal Court with FTX co-founder Gary Wang continuing his long-awaited testimony.
In it, Wang claimed Alameda Research was given “special privileges,” including a line of credit on FTX’s crypto...
American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’
7.10.2023
Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of the U.S. dollar as a geopolitical weapon is one...
Activist Crypto Investors Score $2.5M Bounty After Campaign on FloorDAO
6.10.2023
The so-called decentralized autonomous organization initially formed to focus on building products, but activist investors who showed up were more interested in the project's treasury
Bitcoin Price Prediction as BTC Bulls Eye $30,000 Resistance as Non-Farm Payroll Data is Released – A Comeback in Play?
6.10.2023
In light of recent data showcasing a remarkable surge in US nonfarm payrolls, the cryptocurrency realm, particularly Bitcoin (BTC), seems to be set on a trajectory of its own.
The employment figures for September 2023 have come in at a stellar 336K, easily surpassing the revised August count...
Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol
6.10.2023
Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network.
Culled from BlackRock's iShares bond exchange-traded fund (ETF) UCITS, this financial instrument will be identified by the ticker symbol blB01.
It represents...
Taiwanese Lawmakers Target November for First Crypto Regulatory Draft Bill: Report
6.10.2023
Taiwan legislators are working towards presenting the country's first crypto regulatory bill in November 2023, according to an exclusive interview granted to the Block's Timmy Shen.
Parliament member under the Yuan's arm, Yung-Chang Chiang, stressed the need for a special law to guide...
Solana Upgrade Ushers in Era of Private Transactions
6.10.2023
Solana has successfully implemented its 1.16 upgrade, introducing several new features, including improved runtime support for zero-knowledge proofs and enhancements for validators. However, the highlight of this upgrade is the “confidential transfers,” a feature that allows fully...
What Happened During Sam Bankman-Fried's First Week in Court?
6.10.2023