Testifying in court but without the jury for his criminal trial present, Sam “SBF” Bankman-Fried faced questions from prosecutors who pressed the former FTX CEO on his alleged involvement in using customer funds for investments through Alameda Research. According to reports from the New York courtroom on Oct. 26, Bankman-Fried denied knowing why crypto exchange FTX began moving user funds…
Disgraced FTX founder Sam Bankman-Fried (SBF) tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial’s jury on Oct. 26. When prompted as to why he started using corporate communications on the encrypted messaging app Signal by prosecutor Danielle Sassoon of the Southern District of New York, SBF claimed that he…
U.S. lawmakers today urged the Department of Justice to press ahead with an investigation into Binance and Tether to see if the crypto giants have helped facilitate funding to Hamas. In a letter, Sen. Cynthia Lummis (R-WY) and Rep. French Hill (R-AR) asked on Thursday that the DOJ “reach a charging decision on Binance that reflects their level of culpability…
The second Future Fashion Summit took place in Paris last week. The curated events series from Holly Wood Labs aims to connect luxury fashion houses with digital brands and platforms through debate and stimulating conversation. It played out over two panels, plus a fireside chat between myself and The Sandbox co-founder Sébastien Borget. The day’s broader theme was reconciling digital…
Former FTX CEO Sam “SBF” Bankman-Fried addressed a New York courtroom under oath without the 12-member jury present. According to reports from the courtroom on Oct. 26, SBF’s highly anticipated testimony kicked off with defense attorney Mark Cohen questioning the former FTX CEO on his use of the messaging app Signal and retention of communications data at the crypto exchange.…
Bandai Namco—the Japanese game publisher behind titles like Elden Ring, Dark Souls as well as retro classics like Tekken and Pac-Man—is continuing to conduct research and development in the mobile blockchain gaming sector for the Asia market. Bandai Namco’s SVP of Corporate Development Karim Farghaly shared his stance on blockchain’s potential role in video games—as well as what the studio…
Holders of CryptoPunk non-fungible tokens (NFTs) are being offered the chance to obtain physical prints of their digital art items, according to an October 26 announcement. The items are being offered as part of a partnership between online art store Avante Art and CryptoPunks brand owner Yuga Labs. The sale will last for only 48 hours. It began on October…
Defense lawyers representing SBF called two witnesses, a Bahamas-based attorney and an expert from a litigation consulting firm, before the former FTX CEO’s tes… Source: https://cointelegraph.com/app/public/index.php/news/prosecutors-rest-case-sam-bankman-fried-testify
Gensler revealed that the SEC took 780 enforcement actions, including 500 standalone cases, and distributed $930 million to harmed investors. Source: https://cointelegraph.com/public/index.php/news/gary-gensler-sec-5-billion-take-enforcement-actions-shades-crypto
Young Americans are actively exploring fresh economic prospects independent of an obsolete financial system supported by sluggish institutions, according to a Coinbase report. Source: https://cointelegraph.com/news/crypto-reshapes-american-dream-for-younger-generations-report
