On the third day of the criminal trial for Sam “SBF” Bankman-Fried, the former CEO’s roommate at MIT and FTX developer Adam Yedidia testified about the $8-billion deficit the crypto exchange reported prior to its bankruptcy. According to reports from Inner City Press in United States District Court for the Southern District of New York, Yedidia took the stand on…
Startup funding in the crypto industry has fallen back to Q4 2020 levels amid the ongoing cryptocurrency bear market. According to an October 5 report by blockchain analytics firm Messari, a total of $2.1 billion across 297 deals were raised by crypto startups in Q3 2023, down 36% from the previous quarter and nearly 70% from Q3 2022. Seed funding…
The UK won’t be “copying” the EU’s Markets in Crypto Assets (MiCA) legislation, but will instead look to embrace a “bespoke approach for competitiveness” in crypto regulation, said the chair of the UK all-party parliamentary group (APPG) on crypto and digital assets. Speaking at CCDAS 2023, Dr. Lisa Cameron MP said, “I don’t think there’s going to be any copying…
Bitcoin is an unlikely choice for egg purchasing, but the amount needed per dozen speaks for itself. Source: https://cointelegraph.com/public/index.php/news/bitcoin-still-beats-us-dollar-eggflation-federal-reserve
Two luxury aircrafts purportedly owned by the former CEO of the collapsed crypto exchange Sam Bankman-Fried but never used by him could potentially face forfeiture as U.S. prosecutors seek to recover assets in ongoing legal proceedings. The two jets—a Bombardier Global 5000 BD-700-1A11 with registration number N410AT and an Embraer Legacy EMB-135BJ with a registration number C6-BDE—are listed as part…
If there’s ever been an artist suited for the digital renaissance of putting art on the blockchain, it would be Matt Kane — a traditional artist who transitioned into digital art by writing his own software and pushing boundaries impossible in the physical art world. Kane is most known for his collection “Gazers,” which launched in December 2021 and is…
The decentralized social network Friend.tech took to social media to announce an updated feature that will allow users to add and remove various login methods used to access their personal accounts after SIM-swap reports. On Oct. 4 Friend.tech said the settings have been made accessible via the app after tapping into the user’s wallet. You can now add and remove…
While the exploiter initially held 175,496 ETH ($294 million), the current balance in their portfolio has come down to $196.014 million after a series of transf… Source: https://cointelegraph.com/app/public/index.php/news/ftx-exploiter-moves-36-8-m-ether-sam-bankman-fried-trial
Major Indian cryptocurrency exchange CoinDCX is expanding its self-custody wallet Okto by integrating major on-ramp platform Transak. Okto wallet, a multichain cryptocurrency wallet launched by CoinDCX in August 2022, has integrated the Transak platform to scale the wallet’s global support, the firm announced to Cointelegraph on Oct. 5. The integration is immediately available on Okto, the company said. With Transak’s…
United States-based exchange Kraken has announced a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. (BCM) as it sets its sights on European expansion. While the financial details of the deal have not been disclosed, Kraken and BCM announced the looming acquisition off the back of the European Union’s (EU) establishment of its Markets in Crypto-Assets (MiCA) regulatory…
