One of the key points of discussion in the ongoing trial of former FTX CEO, Sam Bankman-Fried (SBF), is the reaction of Judge Lewis Kaplan to the defense’s tactics during cross-examination. On the third day of the trial, the defense questioned Adam Yedidia, a close friend of SBF and former FTX employee. However, Judge Kaplan […]
Paul Tudor Jones, billionaire hedge fund manager and founder of Tudor Investment Corporation, has expressed concerns about the current state of the stock market. In an interview with CNBC’s Squawk Box, Jones highlighted escalating geopolitical risks and the deteriorating US fiscal position as reasons for his unease. He noted that the Israel-Hamas war has created […]
Street artist Nelson Saiers, also known as the “Warhol of Wall Street,” has unveiled his latest guerilla installation titled “Rug Pull” in front of the United States Securities and Exchange Commission (SEC) in downtown Manhattan’s Financial District. The installation features vibrant doormats that have been spray-painted with the word “pull,” symbolizing the victims of rug […]
US dollar stablecoin issuer Circle has announced that it is now minting USD Coin (USDC) natively on the Ethereum layer 2 scaling protocol Polygon. This means that users and developers can access USDC without the need to bridge the stablecoin from Ethereum or any other blockchain. Circle Mint and Circle’s developer APIs now support Polygon-based […]
The second week of the criminal trial for former FTX exchange CEO Sam “SBF” Bankman-Fried is underway, with key witness Caroline Ellison taking the stand. Ellison, who was both SBF’s former romantic partner and the former CEO of the FTX-affiliated hedge fund Alameda Research, is expected to provide details about the shuffling of customer funds […]
Major cryptocurrency exchange operator OK Group is rebranding its crypto ventures under the name “OKX.” The company plans to rebrand its platform Okcoin to OKX in key operational jurisdictions, starting with Singapore and then Europe and the United States. The move aims to provide customers with the same set of product services under the same […]
Gary Wang, who has previously pleaded guilty to similar charges as Sam Bankman-Fried, testified that Bankman-Fried instructed him to write code that allowed Alameda Research to have a negative balance on the FTX exchange. Wang revealed that Alameda ultimately took and spent at least $8 billion of FTX customers’ money. Wang admitted to committing crimes […]
Canadian Bitcoin mining company Hut 8 has announced that it mined 111 Bitcoin in September 2023, bringing its total self-mined BTC reserves to 9,366 Bitcoin. This represents an 8% increase from the previous month, although it is still significantly lower than the 147 BTC mined in May 2023. Despite the decline in mining volumes, Hut […]
A collective of companies and leaders in the Web3 space in Israel have launched a crypto humanitarian campaign called “Crypto Aid Israel.” The campaign aims to raise funds to provide essential supplies for displaced and affected Israelis, including food, shelter, hygiene, and medical products. Donations can be made in multiple cryptocurrencies through a multisig wallet, […]
In the ongoing fraud trial of Sam Bankman-Fried, his legal team is seeking permission to question FTX co-founder Gary Wang about his reliance on legal advice when accepting loans from Alameda Research. This request comes after a judge previously denied Bankman-Fried’s attempt to attribute alleged fraud to his legal advisors. Prosecutors have already questioned Wang […]
