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The author’s sympathetic picture of the alleged fraudster as a weirdo whom nobody understood contrasts with his portrayal of crypto as a no-good industry ripe for adult supervision, says Amanda Cassatt.
Gary Wang, a former top lieutenant in Bankman-Fried’s empire, testified that Alameda had “special privileges” at FTX that allowed the hedge fund to spend $8 billion of exchange customers’ money.
The market for tokenized U.S. Treasuries has grown sixfold this year to $666 million, according to a real-world asset data provider.
The unemployment rate TKTK
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.
It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team.
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
Data shows that broader crypto markets lost just under 1% in the past 24 hours.
A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk.