The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive proof-of-work (PoW) cryptocurrency mining.
James Rubin writes that Changpeng Zhao and Elon Musk, among others, have spoken freely when discussing the fallout from cryptos’ rapidly expanding crises and the individuals behind them. But they haven’t always been consistent or fair.
Happy Thanksgiving to my fellow Yankees! For the rest of you, I’m counting on you to keep an eye on Twitter in case someone else files for bankruptcy. But today, we’re looking at FTX’s first bankruptcy hearing.
As campaign mega-donor Sam Bankman-Fried and his FTX compatriots vanish from U.S. policy circles, their absence left a void in the crypto industry’s political involvement. Part of that may be filled by the U.S. arm of rival Binance.
Foundry will buy two mining facilities and has an option to acquire another site that is under development.
The CoinDesk Market Index, bitcoin and ether were all in the green. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Former FTX CEO Bankman-Fried did not address concerns about customer funds being misappropriated or other recent revelations about the company.
It’s time for U.S. crypto exchanges to face the same rules as non-crypto marketplaces and brokers, says our columnist.
A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.
Niklas Polk, a research analyst at analytics firm Nansen, discusses the firm’s latest report and what on-chain data reveals about the wallets used between FTX and Alameda.
Separately, the CEO of Genesis’ parent company disclosed that it had a roughly $575 million liability to Genesis.
The FTX is a wake-up call for everyone in the industry. And, no, regulation isn’t going to save us next time, any more than it would have this time.
Changpeng Zhao quickly deleted a tweet that called the companies’ disclosures into question.
Bitcoin rebounds after hitting a fresh two-year low in the past 24 hours. But analysts said bitcoin could hit $13,000 amid contagion.
FTX creditors concerned about their names and other personal information being disclosed as part of the crypto exchange’s bankruptcy proceedings can breathe a sigh of relief – at least temporarily.
“The ill-advised, deceptive, and potentially illegal actions of a few have a direct impact on the valuation of Bitcoin and other digital assets,” the letter read.
“You have witnessed probably one of the most abrupt and difficult collapses in the history of corporate America,” an attorney for FTX said during the company’s first bankruptcy hearing on Tuesday.
Court-appointed liquidators for collapsed FTX in the Bahamas had filed a separate suit in a New York court, while the exchange had filed for bankruptcy in Delaware.
Argentina’s fan token, on the other hand, slid 21% following the team’s loss on Monday.
The policy, provided by insurance marketplace Lloyd’s of London, will support institutional investors’ NFTs up to $25 million.
The Singapore-based crypto fund, along with crowdfunding platform Gitcoin, plans to back the development of blockchain projects across global markets.
The Commodity Futures Trading Commission (CFTC) is trying to “create [a] novel precedent” for itself in trying to serve a lawsuit to the entirety of a decentralized autonomous organization (DAO), rather than the DAO’s members, one of three filings pushing back against the agency’s lawsuit said.
The global toy company will release the latest Hot Wheels NFT Garage collection on its Mattel Creations marketplace to start.
The former co-CEO of Alameda Research took steps to distance himself from the firm by saying in August he had not acted as chief executive for months prior to announcing his departure
Not much is known about Bankman-Fried’s close confidant – the co-founder of both FTX and Alameda Research.
The former CEO of Alameda reportedly told staff as the fallout was happening that the trading firm may have misused FTX client funds. Did she have the power to say no?
A prominent voice in the “effective altruism” movement, MacAskill has served as Sam Bankman-Fried’s mentor.
