Here’s How FTX Founder Sam Bankman-Fried’s Trial May Play Out
Prosecutors will need a jury to reach a unanimous verdict to convict the FTX founder.
Financial
Bitcoin Bulls Missing in Action After Mt. Gox Delays BTC Repayments
Rumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce.
Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried’s Alameda, Ex-Employee Claims
An ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin’s 87% drop on Binance.US in 2021.
DraftKings’ Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.
Optimism Foundation Sells $157M OP Tokens, Citing ‘Treasury Management’
The token sale was described as a “planned event.”
Mt. Gox Pushes Repayment Deadline by a Year
The defunct crypto exchange has delayed the deadline for repayments to Oct. 31, 2024.
NFT Platform ImmutableX’s IMX Token Surges 35% With Upbit Leading Volume Growth
The IMX-Korean won pair listed on South Korea’s leading exchange Upbit accounted for nearly 20% of the küresel trading volume.
Vivek Ramaswamy is Drafting a ‘Crypto Policy Framework’
The Republican candidate is second only to Donald Trump in some polls.
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
The House Financial Services Committee approved a bill meant to prevent a U.S. central bank digital currency.
Bitcoin, Crypto Prices Little Changed as Federal Reserve Holds Interest Rates Steady
The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.