Regulation
Sam Bankman-Fried’s image as a golden boy resulted largely from wealthy, powerful individuals who created a mythology that ultimately cost average investors.
Business
The startup, which raised $23 million in a funding round last year, also confirmed new layoffs but denied the company was shutting down.
Backers of the Hong Kong-focused blockchain fund included the family office of Cameron and Tyler Winklevoss.
Project Atlas, backed by a group of central banks, is tracking the cross-border capital flows to determine the economic importance of cryptocurrencies.
The U.S. securities regulator argued that its original complaint against Coinbase successfully makes the case that crypto assets offered on the platform are securities.
The market making firm is one of the largest creditors of bankrupt crypto exchange FTX, according to Michael Lewis’ book.
In a July decision, the court ruled that Ripple had not crossed federal securities laws in making XRP available to retail customers through programmatic sales to exchanges.
Federal judge Lewis Kaplan quizzed potential jurors about their knowledge of crypto and Sam Bankman-Fried. The FTX founder and former CEO faces seven charges, including wire fraud and conspiracy to commit money laundering.
Mashinsky, who headed the crypto lender when it went bankrupt in July 2022, is charged with wire fraud and other crimes.
The testnet launch of OP Stack’s fault proof system is preparing for zero-knowledge proofs and a more secure ecosystem.
