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The Latest Breaking News from Crypto

‘Math nerd’ or crypto criminal? Question at heart of Sam Bankman-Fried’s trial

Prosecutors have depicted a malicious financial mastermind, but his defense says he’s just a wayward boy genius. Which will jurors believe?

The Guardian - US

Sam Bankman-Fried wanted to shut down trading firm Alameda weeks before FTX bankruptcy, says co-founder Gary Wang

FTX cofounder and childhood friend Gary Wang took the stand and admitted to the crypto empire’s crimes.

Fortune

Crypto’s decentralization problem: The word is used too often to justify bad product decisions

A conversation with the VC firm Variant shows that some in the industry are taking a more practical view of the decentralization ideal.

Fortune

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AI is getting ‘more hype than it deserves,’ Warren Buffett’s right-hand man says

Charlie Munger is also warning most crypto investments “are going to zero.”

Fortune

Going Infinite review: The inside story of how Sam Bankman-Fried crashed to earth

Sam Bankman-Fried was just 24 when he delivered what looked to be the most profitable day in history for his employers, Jane Street Capital. He had devised an intricate system to predict electoral college votes in different states in the 2016 US election faster than they were called on CNN.…

Evening Standard

Sam Bankman-Fried was not surprised by $8bn FTX shortfall, key witness says

Gary Wang says Bankman-Fried had ‘neutral demeanor’ when told crypto exchange had lost billions days before collapse

The Guardian - US

The trials of SBF and DJT: Trump isn’t clean on crypto but he did warn us about it

Two trials – and Michael Lewis’s new book on Sam Bankman-Fried – cast light on the everlasting nexus of power and greed

The Guardian - US

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Cryptocurrencies Rise As Traditional Markets Calm

Bitcoin, Ethereum, and Dogecoin show gains amid easing headwinds and positive market sentiment.

Zenger

FTX co-founder testifies he committed crimes with Sam Bankman-Fried

Gary Wang, who previously pleaded guilty to his role in FTX’s downfall, is testifying under a plea agreement

The Guardian - US

Bitstamp’s Bob Zagotta Emphasizes Compliance And Trust In Crypto Industry Interview

Bitstamp's US CEO highlights compliance forward approach in insightful interview at Fintech Deal Day

Zenger

Binance Joins Forces With Thai Police And HSI To Dismantle $277M ‘Pig Butchering’ Scam

Crypto exchange collaborates in successful operation, leading to arrests and seizure of assets.

Zenger

Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand

A former FTX developer, a French commodities trader, and Damian Williams, the U.S. Attorney for the Southern District of New York, all came to court.

Fortune

Sam Bankman-Fried trial: Billion dollar crypto fortune was ‘built on lies’, prosecutors say

Fallen crypto billionaire has gone on trial accused of stealing billions in cash and cryptocurrency from FTX investors

The Independent UK

Shiba Inu Cryptocurrency Plunges 4% Amid Drop In Burn Rate

SHIB value declines as only 21 million tokens are burned in 24 hours, $250k worth liquidated

Zenger

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Fortune

The White House's top crypto critic departed. What does that mean for a stablecoin bill?

Senior aide Bharat Ramamurti established himself as one of the top economic voices in the Biden administration.

The Guardian - US

Sam Bankman-Fried trial: ‘I may have unwittingly contributed to a crime’, FTX developer tells court – as it happened

Second witness Adam Yedidia also tells trial the pair were close friends; defense says Bankman-Fried was ‘math nerd who acted in food faith’

Zenger

Former Crypto Billionaire Sam Bankman-Fried’s Trial Begins, Shaping Crypto Regulation

FTX founder faces charges of multi-billion dollar fraud, trial outcome to impact industry and legislation.

Fortune

Ben Leventhal’s latest food-focused startup just raised $24 million to put restaurants’ customer data on the blockchain

The company uses NFTs and crypto tokens to attract repeat customers.

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Zenger

Kevin O’Leary: Crypto’s Wild West Era Nearing End

Shark Tank star emphasizes need for institutional investment to drive crypto value

Zenger

Cryptocurrencies Slide As Housing Concerns Mount

Higher interest rates and potential recession fears drive major crypto market decline

Zenger

FTX Founder Sam Bankman-Fried Faces Trial Amidst Cryptocurrency Scandal

Allegations of financial misconduct and market manipulation send shockwaves through crypto community

Zenger

Cryptocurrencies Tumble As US 10-year Yield Hits 16-year High

Surge in interest rates sparks market value erosion, Bitcoin analysts predict rebound

Fortune

Sam Bankman-Fried got a haircut, and everything else we learned on the first day of the FTX founder’s trial

A haircut, a commodities trader, and "discussions" of a plea deal that never materialized for the former FTX CEO.

Barchart

RIOT’s Uptober Mirage: Beneath the Crypto Surge, Risks Lurk for Unwary Investors

With Uptober fever driving up cryptos, the enthusiasm naturally lifted blockchain miners like Riot Platforms. Still, investors must be aware of the raging debate over RIOT stock.

The Guardian - UK

Gambling and crypto lobbyists pay £3k to sit alongside Tory ministers

Amazon and TikTok representatives also among those attending ‘policy’ discussions at party conference

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