Former cryptocurrency mogul Sam Bankman-Fried's criminal trial began in a Manhattan federal court, where he faces seven conspiracy and fraud counts for allegedly siphoning billions of dollars from investors and misusing customer funds, potentially leading to life imprisonment if convicted.
Crypto whales are buying Bitcoin Cash (BCH), Chainlink (LINK), and Maker (MKR) for potential gains in October 2023, driven by positive market events and on-chain data analysis.
The largest Canadian exchange, TXM Group, will soon introduce bitcoin futures contracts on its derivatives trading platform to meet rising market demand for digital cryptocurrency asset classes.
Jury selection has started in the fraud trial of FTX founder Sam Bankman-Fried, who is accused of defrauding thousands of people and using their money for personal use, including risky trades and political contributions.
OP Labs has launched a fault-proof system on the OP Goerli testnet, contributing to the development of a more decentralized and efficient Superchain for OP Stack networks.
The crypto community is urging Elon Musk to remove a Twitter account claiming to be Satoshi Nakamoto, the creator of Bitcoin, as it violates the platform's terms of service.
Bitcoin (BTC) has reached six-week highs, but some analysts predict that the price could return to $20,000, with October potentially being a bearish month for the cryptocurrency.
The first day of trading for futures-based ether exchange-traded funds (ETFs) was lackluster, with low trading volume compared to previous bitcoin ETF launches. Additionally, Grayscale Investments has filed for approval to convert its Ethereum trust into a spot Ethereum ETF, aiming to offer investors regulated access to crypto. Meanwhile, former FTX exchange boss Sam Bankman-Fried is attempting to prevent certain witnesses from testifying in his fraud trial.
Eurozone central banks are planning to introduce a wholesale central bank digital currency (CBDC) to facilitate faster settlement of securities and forex transactions, while plans for a digital euro for regular citizens are facing concerns over privacy and the impact on commercial banks. The central banks aim to explore new technologies and protocols, including blockchain, and trials with real transactions will be conducted next year.
Crypto exchange Binance collaborates with law enforcement agencies to arrest key members of a criminal group involved in a crypto scam in Thailand, resulting in the seizure of $277 million worth of assets and over 3,000 victims coming forward to file compensation claims.
FTX's loss of control over investors' assets has led to an increase in sales for Ledger, the hardware wallet manufacturer, despite controversy surrounding its secret recovery phrase storage service.
Crypto wallet provider Ledger has partnered with Sotheby's to offer exclusive benefits to digital art collectors, including limited-edition hardware wallets and educational resources, to safeguard and maintain the value of digital artwork.
Amanda Fabiano, the head of mining at Galaxy Digital, has left the firm to start her own consulting services company, Fabiano Consulting, aimed at helping bitcoin miners grow their business.
Nomic, a layer-1 bridging solution for Bitcoin, will introduce a Bitcoin-backed token called nBTC on the Cosmos ecosystem, allowing for enhanced liquidity and DeFi capabilities, with an upgrade scheduled for the end of October.
Blockchain analytics investigators have identified an individual selling stolen cryptocurrency tokens from recent high-profile exchange hacks at discounted prices, with investigations pointing to a location in the European time zone.
Crypto analyst predicts Bitcoin (BTC) could reach $89,000 by 2025, with a "max upside" of $142,000, depending on factors such as on-chain supply, the approval of spot BTC ETFs, and overall adoption of the cryptocurrency.
Tesla and X owner Elon Musk has criticized the U.S. dollar, referring to it as a scam, emphasizing the potential benefits of cryptocurrencies like Bitcoin. Musk's comment has been welcomed by the crypto community.
Brazilian investment bank BTG Pactual is acquiring cryptocurrency-friendly brokerage Orama as part of its digital expansion strategy, offering more investment opportunities and access to the complete BTG platform for Orama customers.
Some Friend.Tech users fell victim to SIM swap attacks where attackers drained thousands of dollars worth of tokens, but the Friend.Tech code itself was not exploited and no immediate risk is posed to users.
Former crypto executive Sam Bankman-Fried's interviews and leaked notepad reveal his claims of ignorance regarding the operations at Alameda and FTX, while prosecutors aim to prove the opposite in his trial for wire fraud and conspiracy to commit fraud.
Bitcoin and other cryptocurrencies experienced a decline in value following the disappointing launch of a cryptocurrency exchange-traded fund (ETF) and the increase in bond yields.
Former crypto boss Sam Bankman-Fried is seeking to prevent the government from calling witnesses, including investors and a Ukrainian customer, in his trial for fraud related to the collapse of his FTX exchange, arguing that their testimonies would be premature and biased.
Crypto analyst Jason Pizzino predicts that both Bitcoin (BTC) and the S&P 500 (SPX) could experience a dip in early October before entering a bullish market cycle, with Bitcoin potentially reaching a higher close of $28,518.
Bitcoin (BTC) fell below $28,000 due to profit-taking and changing on-chain metrics, dampening price rises, while other cryptocurrencies also experienced losses.
Bitcoin (BTC) experienced a slight increase in price before the daily close after previously giving up $1,300 in gains, with traders hoping for a slow and steady climb back to highs rather than a sudden spike.
Sygnum Singapore plans to expand its regulated offering to Asia-Pacific markets, such as Hong Kong, after acquiring a Major Payment Institution license from the Monetary Authority of Singapore.
Blockchain analytics firm Chainalysis has laid off 15% of its workforce, citing the need to reduce expenses amid challenging market conditions in the crypto industry.
Crypto billionaire Sam Bankman-Fried's biography by Michael Lewis generates controversy as it portrays him as a well-intentioned genius despite being indicted for allegedly masterminding a massive fraud, with the book providing insights into Bankman-Fried's peculiar childhood, concerns about his management skills, and his creative efforts to skirt regulations.
Former FTX founder Sam Bankman-Fried's criminal trial begins as he faces fraud and conspiracy charges in connection with the collapse of his crypto empire, which lost customers billions of dollars, while his inner circle, including his ex-girlfriend and former colleagues, have pleaded guilty to crimes and are expected to testify against him.
Crypto lender Celsius Network plans to start repaying its customers by the end of the year as part of its restructuring plan, which includes repaying creditors with $2.03 billion of cryptocurrencies and stock in the new company "NewCo" backed by Fahrenheit LLC. The plan is awaiting court approval and needs to be cleared by security regulators.
Blockchain technology is breathing new life into traditional assets as big finance firms invest in token trading and investment platforms, with more than a third of institutional investors in the U.S. and almost two-thirds of high-net-worth investors planning to invest in tokenized assets this year or next.
"Going Infinite" by Michael Lewis explores the enigmatic personality of Sam Bankman-Fried, a crypto billionaire who went from being the world's richest man under 30 to the alleged mastermind of a major fraud, with Lewis's storytelling highlighting the human dimensions of the story and raising questions about objectivity.
Major cryptocurrencies experienced a decline due to a surge in the U.S. 10-year yield, while interest rates continued to rise driven by strong manufacturing data and the possibility of more rate hikes in the future.
Chainalysis is laying off approximately 150 employees, or slightly over 15% of its staff, as the company shifts its focus from the commercial market to government contracting in response to the decline in cryptocurrency and the reduced demand for its products.
Solana has emerged as the most loved altcoin among institutions, with 27 weeks of inflows and partnerships with financial institutions like Visa, while Ethereum continues to be the least-loved altcoin, experiencing seven straight weeks of selling.
"Going Infinite" by Michael Lewis provides a detailed account of Sam Bankman-Fried's rise and fall as the founder of FTX, without definitively answering the question of his guilt but presenting a depiction of Bankman-Fried as delusional and callous, alongside skepticism towards his critics.
Closely followed crypto analyst predicts a strong bull market for Solana (SOL), advising long-term bulls to accumulate the asset for maximum opportunity.
A Kenyan parliamentary panel has called for the shutdown of the cryptocurrency project Worldcoin until stricter regulations are established, citing privacy concerns over its scanning of users' irises for a digital ID.
Bitcoin ended the day slightly higher but saw a dip as the US 10-year yield surged, while the launch of ether futures ETFs did not generate much investor interest; however, the overall crypto market has been experiencing a rally influenced by factors like SEC approvals and government decisions, but there are concerns about the sustainability of this rally.
A California resident is suing Binance and its CEO for tweets that allegedly caused the collapse of rival exchange FTX, claiming violations of federal and California law on unfair competition.
A class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations has been dropped by the group of investors who filed the case.
Volatility Shares has canceled its plans to launch an Ether (ETH) futures exchange-traded fund (ETF) due to market changes, but plans to launch at a later date are still undetermined.
Sam Bankman-Fried's defense team seeks clarification from the U.S. judge overseeing his case on various arguments they can present, including whether FTX's lack of U.S. regulation, potential recoveries for FTX creditors, and Bankman-Fried's philanthropy can be mentioned, following the judge's decision to block certain arguments made by the defense.
Cryptocurrency prices surged in October, with Bitcoin and Ethereum both experiencing positive gains, while the launch of Ethereum exchange-traded funds (ETFs) contributed to the momentum in the market. Bitcoin saw a significant increase in price after the clearing of short positions in the futures market, and Ethereum's rise was driven by the anticipation of ETF launches.
Bitcoin and gold are expected to thrive amidst fiscal problems in the US economy and a potential pivot from the Federal Reserve, according to macro investor Luke Gromen. Gromen also suggests that the launch of a gold-backed currency by the BRICS alliance may weaken the US dollar as the world's reserve currency.
The co-founder of Aptos believes that a universal identity application, stablecoins, and decentralized finance (DeFi) innovation are the key factors that could attract a billion new users to the digital assets space.
A Kenyan parliamentary committee has recommended shutting down Sam Altman's crypto project, Worldcoin, due to concerns over authenticity and legality, calling for the disabling of its physical and virtual presence and the development of regulations for virtual assets in the country.
The article argues that the SEC and Chairman Gensler's attempts to regulate digital assets are misguided and lack understanding of their potential, and advocates for Congress to prevent these overbearing regulations in order to allow the industry to thrive and contribute to the global economy.
Former FTX CEO Sam Bankman-Fried canceled his appearance as a special guest at the Met Gala, invited by Anna Wintour, reportedly treating everything on his schedule as optional, according to an excerpt from Michael Lewis' upcoming book on Bankman-Fried.
The SEC has delayed its decision on spot Bitcoin exchange-traded funds (ETFs), as well as spot Ether ETFs from VanEck, ARK 21Shares, and GlobalX, with applicants now expected to hear back in December and January; Bitwise Asset Management has responded to the delay with an amended application addressing the SEC's objections. In China, the Shanghai No.2 Intermediate People's Court has recognized Bitcoin as a unique and non-replicable digital asset, highlighting its currency features, while Taiwan's Financial Supervisory Commission has issued industry guidelines for virtual asset service providers (VASPs), including the requirement for foreign VASPs to obtain necessary approvals before operating in the country. Meanwhile, the Securities and Futures Commission (SFC) of Hong Kong will publish a list of licensed and suspicious virtual asset trading platforms (VATPs) following the JPEX crypto exchange scandal.