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Former FTX CEO Sam Bankman-Fried: ‘I Didn’t Knowingly Commingle Funds’

December 1, 2022 by

In a highly anticipated interview at Wednesday’s Dealbook Summit, Sam Bankman-Fried expressed regret over his exchange’s collapse, but clung to the narrative that it was all just a bet gone wrong.

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Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce

November 30, 2022 by

The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

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US Prosecutors Charge 21 Alleged ‘Money Mules’ With Using Crypto to Launder Proceeds of Cybercrimes

November 30, 2022 by

Prosecutors in Texas have slapped 21 U.S. citizens with an assortment of criminal charges for allegedly helping various transnational criminal rings launder their ill-gotten gains using cryptocurrency

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IBM and Australian Stock Market’s Blockchain Projects Failed, a Blow to Private Ledgers

November 30, 2022 by

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Near Foundation Joins Processed Foods Giant Grupo Nutresa to Unveil Web3 Loyalty Program in Latin America

November 30, 2022 by

It is the first open source loyalty program using the NEAR protocol and aims to reach one million consumers throughout Latin America.

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NFTs IRL: How Digital Collectibles Are Forging Offline Experiences

November 30, 2022 by

From boosting the hospitality industry to creating new experiences for music fans, brands are finding new ways to use NFTs for real-world perks.

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Meta CEO Mark Zuckerberg Still ‘Long-Term Optimistic’ on Metaverse

November 30, 2022 by

“The skepticism doesn’t bother me that much,” the CEO of Facebook’s parent company said at the New York Times Dealbook Summit on Wednesday.

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The Ethereum Foundation Commences Shutdown of Ropsten Testnet

November 30, 2022 by

Developers should move their applications over to either the Goerli or Sepolia testnets.

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FTX’s Collapse Was a Crime, Not an Accident

November 30, 2022 by

Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times.

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Crypto’s Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%

November 30, 2022 by

FTT, Serum’s SRM and Solana’s SOL tumbled following the FTX collapse in November. Bitcoin had its worst loss in five months.

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Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps

November 30, 2022 by

Federal Reserve chair Jerome Powell said that “it makes sense to moderate the pace of our rate hikes” as soon as December.

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EU’s MiCA Law May Have an FTX-Shaped Loophole

November 30, 2022 by

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What a Securities Lawyer Would Ask FTX’s Bankman-Fried

November 30, 2022 by

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After Months at Arm’s Length, Sen. Brown Opens Door for Crypto Legislation

November 30, 2022 by

U.S. Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, has widely been seen as the linchpin of legislation to set up oversight of the cryptocurrency industry. While his crypto suspicions have been clear in hearings, his plans for specific bills remained quiet until now.

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SEC Could Use BlockFi as Object Lesson for Clear Crypto Regulation, Says Ex-SEC Official

November 30, 2022 by

Howard Fischer, a Moses Singer LLP partner, discusses why the SEC is more concerned with regulating crypto than getting the $30 million BlockFi owes the agency.

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A Self-Regulatory Organization Is the Best Way to Advance Crypto While Protecting the Public

November 30, 2022 by

The financial industry, collectively, has greater domain expertise than can be expected of regulators. This reality invites transparent, fully accountable, self-regulation.

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Crypto Trader Auros Global Misses Payment on DeFi Loan As FTX Contagion Spreads

November 30, 2022 by

The company missed payment on a 2,400 wrapped ether loan, worth $3 million, from a M11 Credit pool on Maple Finance.

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Coinbase Foils Extortion Attempt, Reinforces Bug Bounty Program

November 30, 2022 by

The self-proclaimed hacker demanded $450,000 after falsely claiming to be in possession of sensitive Coinbase customer data.

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Telegram CEO Durov Plans to Build Crypto Wallets, Decentralized Exchange

November 30, 2022 by

The messaging app is pushing ahead with its buildout of crypto infrastructure.

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Blockchain Protocol Komodo Offering Three-In-One Wallet, Cross-Chain Bridge and DEX

November 30, 2022 by

AtomicDEX Web can be accessed through any internet browser.

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Broker-Dealer INX Digital Bids to Purchase Voyager Assets

November 30, 2022 by

Broker-dealer and crypto trading platform INX Digital (QTCQB: INXDF) has entered the bidding contest for bankrupt cryptocurrency lender Voyager Digital.

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Kraken Cuts 30% of Workforce Amid Crypto Winter

November 30, 2022 by

Kraken is feeling the cold.

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BlackRock CEO Larry Fink Says Firm Had Invested $24 Million in FTX: Reuters

November 30, 2022 by

Fink was speaking at the New York Times Dealbook conference.

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Ton Steward Looks to Draw Projects to its Ecosystem With $126M Rescue Fund

November 30, 2022 by

The stewards of the TON network have set up a ‘rescue fund’ with a soft commitment of $126 million to support projects experiencing liquidity problems as a result of the FTX fallout.

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Hong Kong Crypto Exchange AAX Unlikely to Reopen, Former Comms Chief Says

November 30, 2022 by

The exchange shuttered on Nov. 13 after a reported hack.

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South Africa Adds Crypto Businesses to List of Accountable Institutions

November 30, 2022 by

Crypto exchange and custody businesses are among entities that will have to identify and keep records for new and existing clients.

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LedgerX to Make $175M Available for FTX Bankruptcy Proceedings: Bloomberg

November 30, 2022 by

FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company’s bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter.

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Crypto Exchanges Nexo and Gemini Expand to Italy, Register With Regulator

November 30, 2022 by

Entry into Italy’s registry for virtual currency operators is mandatory to operate in the country.

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Bitcoin Custody Firm Casa to Add Ethereum Support

November 30, 2022 by

The addition is part of a major overhaul of the Casa app which will be relaunched in January.

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NFT Trading Goes Live on Uniswap With $5M Airdrop

November 30, 2022 by

The decentralized exchange is airdropping $5 million to past users of Genie, the NFT marketplace aggregator it acquired in June.

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