FTX founder and former CEO Sam Bankman-Fried considered paying Donald Trump $5 billion not to run for president, according to author Michael Lewis in his book about Bankman-Fried's rise and fall.
The collapse of crypto exchange FTX was influenced by the philosophy of effective altruism, leading to increasingly risky and bizarre actions justified under the ideology, according to a former software engineer at Alameda Research. The founder, Sam Bankman-Fried, believed in and espoused the principles of effective altruism, which contributed to the company's downfall. Bankman-Fried's commitment to his allegedly altruistic motives may be why he maintains his innocence despite substantial evidence against him.
A Dubai investor who purchased Shiba Inu tokens for $4,000 missed out on a potential $70 million profit after selling his 5 trillion SHIB tokens without making a profit or loss, as the cryptocurrency rallied in 2021 and reached an all-time high of $0.00008616.
The trial of Sam Bankman-Fried serves as a warning to crypto traders to exercise caution in the current market.
Major cryptocurrencies experienced a significant increase in value as over $100 million was unexpectedly liquidated due to a surprise surge in the price of Bitcoin, coinciding with the start of "Uptober," a potentially bullish trend for cryptocurrencies in October.
Silk Road founder Ross Ulbricht has completed ten years in prison, according to a post on his X account, and he expresses fears about the possibility of his release from incarceration. Ulbricht's family manages his account as he cannot access the internet in prison.
The House Financial Services Committee's hearing on the oversight of the Securities and Exchange Commission (SEC) revealed ongoing debates over the regulatory status of Bitcoin and Ether, with SEC Chair Gary Gensler providing ambiguous answers and raising questions about the need for congressional action for establishing regulatory clarity in the digital asset market.
The prices of Bitcoin and Ethereum surged in a 15-minute window, leading to bullish predictions for the rest of October, with over $70 million in crypto shorts being liquidated as a result.
Chainlink (LINK) is considered a solid long-term play in the crypto market due to its potential for significant gains once it breaks out of its accumulation range, according to an influential trader.
Venture capital firm Paradigm accuses the SEC of overstepping its boundaries and argues that Congress should be responsible for filling regulatory gaps in cryptocurrencies, not the SEC, as it could harm innovation and destabilize markets outside its jurisdiction.
Despite tight liquidity and adverse macroeconomic conditions, several crypto startups have successfully raised significant capital, including Bubblemaps with $3.2 million for data visualization, CoinScan with $6.3 million for crypto analytics, Hinkal with $4.1 million for privacy in DeFi trading, and Mythic Protocol with $6.5 million for collaborative entertainment. Additionally, Blockchain Capital closed two new funds with $580 million to be deployed in crypto gaming and decentralized finance projects.
FTX, a once-prominent cryptocurrency exchange valued at $32 billion, collapsed in November 2022, leading to the arrest of its founder, Sam Bankman-Fried, who is accused of orchestrating one of the largest financial frauds in history. The collapse of FTX and the subsequent trial of Bankman-Fried highlight the risks and potential consequences of the crypto industry.
A hacker responsible for the FTX exchange hack is now moving millions of dollars worth of crypto assets, including Ethereum, via the RailGun and Thorchain protocols.
U.S. regulators provided minimal updates to the global crypto community this week, with the SEC approving VanEck's Ethereum futures ETF and lawmakers in Washington appearing to be less proactive than their European counterparts, while various crypto-related incidents and controversies unfolded on social media platforms.
Tokenization, the process of converting asset ownership rights into digital tokens on a blockchain, is disrupting securitization and the financial markets, according to Jenny Johnson, CEO of Franklin Templeton. Johnson highlights the benefits of tokenization, such as enabling payment mechanisms and smart contracts, and cites examples of artists like Rihanna and athletes who can leverage tokenization to monetize their works and future revenue streams.
The NFT bubble has burst as prices and trading volumes have plummeted, leaving many NFTs worthless and their future prospects bleak.
Decentralized oracle service Chainlink has collaborated with Australia and New Zealand Banking Group (ANZ) on a case study demonstrating the cross-chain transfer of ANZ-issued stablecoins via Chainlink's Cross-Chain Interoperability Protocol (CCIP), potentially simplifying the user experience and accelerating the adoption of tokenized assets by financial institutions.
Bitcoin's price has fallen in the third quarter of 2023, but a positive monthly close in September suggests a potential recovery, and altcoins are also showing signs of strength, with Bitcoin's relief rally potentially reaching $28,000.
A federal judge ruled that Sam Bankman-Fried, the CEO of FTX, cannot blame the collapse of the company or its operations on its lawyers in his opening statements, but he may be able to use an "advice-of-counsel" defense later in the trial.
Around 30 cryptocurrency projects are set to release over $200 million worth of tokens in October, with six projects accounting for nearly 80% of the release, according to Token Unlocks data.
Bitcoin bulls and bears are expected to be misled by a fake death cross during Bitcoin's pre-halving year, resulting in a lower high, according to analyst Benjamin Cowen.
Former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried, begins his highly anticipated trial on Tuesday to determine his guilt on seven counts of fraud and conspiracy.
Former employee of FTX, a bankrupt crypto giant, dismisses rumors of a sex-fueled "polycule" involving top executives, stating that they instead engaged in nerdy activities like board games and hackathons.
Bitcoin's volatility has been declining since April, raising questions about whether this lower volatility is the new norm or the calm before a major spike in value, with its future price trajectory heavily dependent on this metric.
Ethereum may outperform Bitcoin in the longer term, according to trader Dave the Wave, who believes that Ethereum's lower highs and lows in the short term are overshadowed by its potential breakout in 2022. On the other hand, Bitcoin is expected to outperform traditional assets for at least another decade based on logarithmic growth curves.
Bitcoin and cryptocurrencies are facing pressure due to the U.S. debt pile, leading to fears of a "debt death spiral" that could boost the bitcoin price.
An address linked to the FTX hack has transferred over 10,000 ETH, worth $17 million, to different addresses, and a significant portion of the stolen funds were directed toward the THORChain router and Railgun contract, while the market awaits the launch of Ethereum futures ETFs and the trial of FTX co-founder Sam Bankman-Fried on charges of fraud begins.
A major crypto exchange called M2 is reportedly being set up in Abu Dhabi to replace FTX and Binance, providing a compliant and stable platform, signaling a potential shift away from the US due to regulatory challenges.
The recent rallies in Bitcoin and altcoins could reverse abruptly, according to trader DonAlt, who believes that the market is rallying based on anticipation of Ethereum-based ETFs but warns that these catalysts may not be strong enough to sustain the rallies, especially considering the historical bearishness of crypto futures products.
Ethereum co-founder Vitalik Buterin proposes a solution to prevent decentralized autonomous organizations (DAOs) from exerting a monopoly over node operators in liquidity staking pools, citing the potential risks of malicious actors and the need for multiple providers to avoid systemic risk.
Blockchain plays a pivotal role in decentralized clouds by providing the foundation for decentralized governance and facilitating trust and incentives among diverse entities operating the network.
The SEC has filed a complaint against accounting firm Prager Metis for allegedly committing hundreds of violations related to auditor independence while providing services to FTX cryptocurrency exchange, which subsequently declared bankruptcy.
ANZ, a bank in Australia, has agreed to pay a $15 million AUD fine after admitting to misleading credit card customers by falsely indicating that they could get cash advances without fees and interest.
The native altcoin for the decentralized finance (DeFi) ecosystem built on the Tron blockchain, JUST (JST), surged by over 22% in one day due to the rollout of new mining rewards.
Federal prosecutors plan to call former FTX customers, investors, and employees as witnesses in the trial against crypto executive Sam Bankman-Fried, with the customers and investors testifying about their expectations of FTX's handling of their funds and witnesses providing insight into the defendant's actions and statements.
The supply dynamics of Ethereum have been affected by the drop in DeFi, NFT sales, and meme coin trading, with Ethereum being either deflationary or inflationary depending on the time frame. The implementation of EIP-1559 and the transition to proof of stake have also impacted Ethereum's supply and transaction fees, while gas prices have been declining due to scaling solutions and a lack of narrative in the crypto market.
More than 200,000 Chileans have had their eyeballs scanned by Worldcoin's controversial Orbs, earning them WLD tokens that have a monetary value and sparking debates about privacy and economic incentives.
Prosecutors are seeking permission for a witness stuck in war-torn Ukraine to testify virtually against FTX founder Sam Bankman-Fried, as the witness is unable to attend the trial in person due to restrictions imposed by Ukrainian law and the ongoing conflict.
Mistral AI has released Mistral 7B, an open-source large language model (LLM) that rivals established players like OpenAI ChatGPT and Google Bard, offering power, accessibility, and privacy for users.
Brazil is implementing a national identity program powered by blockchain technology, with Rio de Janeiro, Goiás, and Paraná being the first states to issue identification documents on-chain.
Bitcoin is on track for its first quarterly drop of the year, declining approximately 11% since June, amid global economic uncertainties and investor apprehension, leading to significant withdrawals from cryptocurrency ventures.
Bitcoin's price has increased by 60% since the beginning of the year, reaching $26,972, while Ethereum's price has risen by 40% and now trades at $1,672; the approval of VanEck's Ethereum Futures ETF likely contributed to the recent boost in Ethereum's price.
US-based crypto exchange Gemini is shutting down its trading operations in the Netherlands due to requirements imposed by the central bank, but may reopen Dutch customer accounts in the future.
The U.S. House of Representatives has passed a stopgap funding bill, which maintains current spending levels for 45 days, includes $16 billion in disaster relief, but excludes Ukraine aid and border policy changes, and the bill has been sent to the Senate for a vote.
Google Cloud has joined the decentralized validator set for Polygon's Proof-of-Stake Network, using the same infrastructure as YouTube and Gmail to secure the chain and guarantee data availability.
Google Cloud has become a validator for the Polygon proof-of-stake blockchain network, adding an extra layer of security for Polygon users and joining over 100 other validators.
Institutional involvement in the crypto industry provides regulatory certainty and clarity, forcing regulators to address taxation, compliance, and reporting challenges, benefiting the entire industry and legitimizing digital assets.
Ethereum (ETH) futures ETFs are set to potentially launch on October 2nd, with nine different financial firms, including VanEck and Bitwise, planning to issue these ETFs, potentially leading to a busy day in the market.
Global asset manager VanEck has announced that it will donate 10% of all profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for ten years, in an effort to give back to the community building the crypto protocol.
Bitcoin is set to end the quarter with its first decline this year, down 11% since June, as the Federal Reserve's hawkish stance and withdrawals of nearly $500 million from cryptocurrency products contribute to investor apprehension.