Silvergate Bank transformed into a high-flying crypto bank without raising alarms by its Federal Reserve examiners, allowing the bank to take risks that ultimately led to its voluntary wind-down.
Bitcoin's sharp rally on October 1 may have been influenced by a temporary agreement reached by US legislators to avert a government shutdown, combined with the historically strong performance of Bitcoin in October, while the US stock markets are also in a favorable position this month. However, the rising US dollar index could pose a challenge for the bulls in the cryptocurrency markets.
The creator of Chainlink, Sergey Nazarov, believes that a failure of the banking industry and people's disillusionment with traditional financial systems could lead to widespread adoption of cryptocurrencies.
Celebrities such as Tom Brady and Stephen Curry were involved in the FTX scandal, with Brady receiving $55 million for 20 hours of work per year and Curry receiving $35 million, according to author Michael Lewis, who will be publishing a book on the founder's rise and fall called "Going Infinite." Bankman-Fried also floated paying Donald Trump $5 billion not to run for president.
Venture capital investments into web3 startups declined in the third quarter, marking the seventh consecutive quarter of declines since crypto venture fundraising peaked in Q4 2021.
Exploits related to oracle networks have led to nearly a billion dollars in losses over the past three years, as decentralized finance (DeFi) protocols relying on oracles are vulnerable to manipulation due to unreliable real-world data.
Disgraced crypto magnate Sam Bankman-Fried considered paying Donald Trump $5 billion to step away from the 2024 presidential race, according to a new report, but the plan did not come to fruition due to financial constraints.
A parliamentary committee in Kenya has recommended that regulators shut down Worldcoin's operations in the country due to concerns over privacy violations and the collection of personal data from residents, potentially including minors.
Despite China's strict prohibition on crypto assets and a global crypto market downturn, Hong Kong's active OTC market drove a significant volume of $64 billion in transactions, suggesting a level of tolerance towards crypto by Beijing, according to Chainalysis.
Sam Bankman-Fried, founder of FTX, agreed to pay Tom Brady $55 million for 20 hours of his time yearly, forming a close friendship despite their differing interests, but Brady was personally affected by FTX's collapse.
Investment management firm VanEck is launching its Ethereum Strategy ETF, which will invest in Ether futures contracts and has no direct exposure to ETH, with trading set to begin on October 2nd on the Chicago Board Options Exchange (CBOE).
The Federal Reserve will continue to raise interest rates as inflation resurfaces, according to Wall Street investor Caitlin Long, with big corporations benefiting while other sectors of the US economy are already in recession.
Disgraced cryptocurrency mogul Sam Bankman-Fried paid Tom Brady $55 million for 20 hours of work per year over three years, according to author Michael Lewis, who also revealed that Stephen Curry was paid $35 million and Larry David was paid $10 million by Bankman-Fried's collapsed firm FTX.
UBS Asset Management has announced the launch of its first live pilot of a tokenized Variable Capital Company (VCC) fund, using its in-house tokenization service called UBS Tokenize, in an effort to enhance market liquidity and provide better market access for their clients.
Two transactions totaling $50 million in USDT were transferred from Bitfinex to the Tether treasury, sparking discussions in the crypto community about a potential price manipulation.
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, allegedly wanted to pay Donald Trump $5 billion in exchange for not running for president again, according to biographer Michael Lewis, although it is unclear if the bribe was ever offered or if Trump was willing to negotiate. Bankman-Fried is facing trial on fraud charges and has pleaded not guilty.
Chainlink has launched Data Streams on Arbitrum, a product that combines low latency market data and automated execution to enhance efficiency and reduce costs for users, while also announcing new decentralized computing capabilities with Functions Beta and Automation 2.0 on the mainnet.
Bitcoin surged to a two-month high, reaching $28,451, and crypto-related stocks, including Coinbase and Riot Platforms, also saw significant gains.
Sam Bankman-Fried, the cryptocurrency entrepreneur accused of orchestrating a multibillion-dollar fraud, is facing trial while a book by Michael Lewis chronicling his rise and fall is set to debut; however, many people are expressing frustration at the positive media coverage still surrounding Bankman-Fried.
Chia Network, a blockchain platform, has cut a third of its workforce as it seeks to regain a lost banking relationship, causing delays in its plans to go public, while also intending to sell its own token XCH for backup funding.
Bitfarms, a Canadian Bitcoin mining firm, experienced significant growth in September 2023, mining 411 BTC and increasing its hash rate by 9%, with hopes for further expansion and opportunities from the upcoming BTC halving in April 2024.
UBS has launched a live pilot of a tokenized version of its VCC fund as part of Project Guardian, aiming to bring different types of real-world assets to the blockchain and improve market liquidity and access for clients.
Sam Bankman-Fried, former CEO of bankrupt cryptocurrency exchange FTX, is set to face a criminal trial on charges of conspiracy and fraud, making it one of the most significant fraud cases in US history.
Bitcoin (BTC) reaches over $28,000, its highest price in over a month, driven by optimism about ETFs and seasonal trends, while other cryptocurrencies like ether (ETH) and Solana's SOL tokens also experience gains.
Bitcoin surged over 4.5% to reach its highest level in more than a month, while Ether crossed over $1,700 as crypto prices rallied on Monday, with the catalyst for this sudden move not immediately clear but potentially linked to the launch of several ether futures ETFs, indicating a positive sign for the crypto industry.
Len Sassaman, a prominent member of the cypherpunk community who tragically took his own life in 2011, has been speculated as a possible candidate for the mysterious Bitcoin founder, Satoshi Nakamoto, due to overlapping circumstantial details in their lives and their shared expertise in cryptography and privacy.
Former nChain CEO Christen Ager-Hanssen has quit the Bitcoin SV infrastructure company and leaked emails suggesting that Calvin Ayre, a major backer of the company, no longer believes that Craig Wright is Satoshi Nakamoto, the anonymous creator of Bitcoin.
Grayscale Investments seeks approval from the SEC to convert its Ethereum investment product into an exchange-traded fund (ETF), aiming to bring Ethereum further into the U.S. regulatory framework.
Sam Bankman-Fried, founder of the failed FTX digital currency exchange, is set to stand trial on federal charges of fraud and money laundering, shedding light on the culture of scams and risk-taking in the cryptocurrency industry that attracted millions of inexperienced investors.
Bitcoin is expected to continue its upward trajectory, leaving behind traders who are waiting for a further correction, according to crypto analyst Credible Crypto.
Babylon plans to unveil its "Bitcoin Staking Protocol MVP" at Cosmoverse, allowing Bitcoin to boost the economic security of Proof of Stake (PoS) chains and decentralized applications (dApps) by staking Bitcoin instead of native tokens.
The International Monetary Fund (IMF) has published a working paper proposing a crypto-risk assessment matrix (C-RAM) to identify potential risks and policy responses in the crypto sector, with examples including the risks associated with El Salvador's adoption of Bitcoin as legal tender.
Ross Ulbricht, the founder of the Silk Road online black market, marked 10 years in prison and expressed fears about spending the rest of his life behind bars, sparking a debate between his supporters and those who believe the punishments given to him were just.
Sam Bankman-Fried, the former FTX founder, is facing trial where US prosecutors are attempting to prove that he knowingly defrauded customers and business partners through the presentation and analysis of thousands of pages of evidence, including testimonies from colleagues and friends. In a separate incident, around $26 million worth of ether moved out of a wallet that was connected to FTX, raising questions about potential investigations into the matter.
The third quarter of 2023 saw over $700 million in digital assets lost to security incidents, with private key compromises being the most damaging, resulting in over $204 million lost in 14 incidents.
Bitcoin and other cryptocurrencies surged at the start of October as they broke through a previous range, with analysts optimistic about further gains in the month.
Deus X Capital, a family office backed investment firm, has launched with Tim Grant as CEO and $1 billion in assets to be invested in digital asset, blockchain, fintech, and institutional capital markets.
Solana (SOL) is showing signs of surpassing Ethereum (ETH) in a new trend formation, according to crypto investor Chris Burniske.
Solana's total value locked (TVL) has reached $338.82 million, its highest since the start of the year, driven by popular projects and a surge in the native SOL token, but concerns arise about the possible effect on SOL's price after the approval of FTX estate to sell its crypto holdings.
Decentralized social media platform Friend.tech, built on Coinbase's layer-2 protocol, has experienced significant growth in revenue and total value locked, proving critics wrong who predicted its failure.
The trial of FTX founder Sam Bankman-Fried for criminal fraud is seen as a significant moment for the crypto industry, which hopes for accountability and the opportunity to distance itself from associations with lawlessness and fraud.
Sam Bankman-Fried's parents, Barbara Fried and Joseph Bankman, are being sued by FTX for millions of dollars in compensation and benefits allegedly received from their involvement in their son's crypto empire.
FTX customers, insiders, and investors remain optimistic about the cryptocurrency industry despite losing millions of dollars in the collapse of FTX and not receiving any refunds, with many still planning to invest in crypto.
FTX crypto exchange founder, Sam Bankman-Fried, allegedly saw missing funds as a "rounding error," according to biographer Michael Lewis, who also adds to allegations of mismanagement and a plot to pay off Donald Trump; Bankman-Fried is preparing to stand trial on fraud charges.
Auditing firm Prager Metis, formerly responsible for auditing bankrupt crypto exchange FTX, has been accused by the SEC of violating rules by helping clients break federal securities laws, and the SEC seeks an injunction, fines, and forfeiture of any profits made from illegal activity.
Bitcoin (BTC) starts Uptober with a bullish move past $28,000, marking its best weekly close since mid-August and sparking excitement about potential price gains in October. Meanwhile, Bitcoin network fundamentals are not reflecting the bullish sentiment, as mining difficulty is set to decrease at its next readjustment on October 2.
United States-based cryptocurrency exchange Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing the company to expand its digital payment token services in the country.
Approximately $26 million worth of ETH from the $600 million attack on FTX's wallets has now been moved through privacy tools and bridges, with some funds ending up at the Thorchain bridge and Railgun privacy wallet, deepening the mystery surrounding the exchange's collapse last year.
Author Robert Kiyosaki believes that Bitcoin and other assets will become "priceless" as the Federal Reserve introduces a central bank digital currency (CBDC), leading to a loss of privacy and increased government control.
The Mixin Network cross-chain protocol accounted for almost two-thirds of the $329.8 million in crypto stolen in September, making it the worst month of 2023 for crypto-related exploits.