BlackRock CEO Larry Fink weighed in on the remarkable controversy that erupted earlier today, when a false report asserted that his company’s application for an iShares Bitcoin Trust ETF had been approved by the Securities and Exchange Commission (SEC). The hoax whipped up a frenzy of excitement on social media that sent Bitcoin’s price soaring by 10%. “It’s just an…
The decentralized finance industry would be “awfully challenging” for American tax authorities to survey, Coinbase’s top tax lawyer has said. A proposal from the Department of the Treasury and the Internal Service Revenue (IRS) to target crypto exchanges is ultimately impractical, Lawrence Zlatkin, who is Vice President of Tax at America’s biggest cryptocurrency exchange, told Decrypt. Talking about new rules…
The former FTX engineering director reportedly testified that SBF would “unilaterally spend Alameda’s money” and was “ultimately” in charge of the firm rather t… Source: https://cointelegraph.com/app/public/index.php/news/nishad-singh-testifies-excessive-alameda-investments
The inventor of leading decentralized exchange Uniswap, Hayden Adams, announced today that the protocol will be implementing a 0.15% swap fee on their web app and wallet interfaces for the very first time. Only a certain set of tokens will be affected by the new fee, according to a Uniswap Labs’ blog post, including ETH, USDC, WETH, USDT, DAI, WBTC,…
The administration of New York City Mayor Eric Adams released a plan for the adoption and regulation of artificial intelligence (AI) within the local government, along with a new integration into city applications. On Oct. 16, the administration released an update saying it is developing a framework through which city agencies can “carefully” evaluate AI tools and their risks. The…
Dear Cointelegraph readers, We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful, engaging and impactful news affecting the cryptocurrency space. Earlier today, during routine coverage, Cointelegraph’s social media team posted a message on X without prior editorial approval stating that the United…
Nishad Singh, the former engineering director at now-defunct crypto exchange FTX, has reportedly said he “hopes for no jail time” as part of an agreement with prosecutors. According to reports from the criminal trial of Sam “SBF” Bankman-Fried on Oct. 16, Singh revealed details about his deal with the United States Justice Department which had him plead guilty to fraud…
Netflix is making moves beyond film and television streaming into video games, and a report from the Wall Street Journal this week suggests that the streaming giant has begun talks to license a Grand Theft Auto game from its publisher, Take Two Interactive. But according to Netflix, a Grand Theft Auto game on Netflix is little more than “rumors” and…
Decentralized exchange Uniswap (UNI) will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on October 17. According to a post by Hayden Adams, the DEX’s founder, the affected tokens are Ethereum (ETH), USD Coin (USDC), Wrapped Ether (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Angle Protocol (agEUR), Femini Dollar (GUSD), Liquidity USD (LUSD),…
On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX’s co-founder and CEO, Sam “SBF” Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to the entire crypto industry, but the two conspiring to suppress BTC price, versus actually…
