Here’s How FTX Founder Sam Bankman-Fried’s Trial May Play Out
FTX founder and onetime CEO Sam Bankman-Fried will stand trial in just under two weeks to defend himself against allegations he deliberately committed fraud and conspired to defraud crypto investors and customers in FTX and Alameda Research. CoinDesk spoke to several legal experts about how the case may proceed.
Source: Coindesk
Original Post: Here’s How FTX Founder Sam Bankman-Fried’s Trial May Play Out
Bitcoin Bulls Missing in Action After Mt. Gox Delays BTC Repayments
Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims
DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
Optimism Foundation Sells $157M OP Tokens, Citing 'Treasury Management'
Mt. Gox Pushes Repayment Deadline by a Year
NFT Platform ImmutableX's IMX Token Surges 35% With Upbit Leading Volume Growth
Vivek Ramaswamy Is Drafting a 'Crypto Policy Framework'
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.
Source: Coindesk
Original Post: U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve's Powell
The Sam Bankman-Fried Trial Is a Family Affair
The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.
Source: Coindesk
Original Post: The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops M
MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target
Understanding the Economics of Ethereum Layer 2s
A Bitcoin ETF Has Golden Parallels From History
BCB Group’s Chief Banking Officer Ian Moore to Leave This Month
Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet. Here’s More of the Story
The infamous balance sheet of Sam Bankman-Fried’s trading firm, Alameda Research, served as the basis for a Nov. 2, 2022, story by CoinDesk’s Ian Allison. The article raised questions about how sturdy the company’s financial underpinnings were – and, by extension, how safe Bankman-Fried’s better-known crypto exchange FTX was. For the protection of our sources we are not publishing the document itself but rather describing its contents – in finer detail than ever before.
Source: Coindesk
Original Post: Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet. Here’s More of the Story
'We Can't Build Something Like This on Ethereum,' Says DYdX Founder as Mainnet Nears
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
Arbitrum Blockchain Traders Can Now Protect Against 'Impermanent Loss'