Bitcoin Hovers Above $27,000 as U.S. Stocks Advance
Meanwhile, bitcoin’s dominance continues to climbSource
Archive for month: October, 2023
BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation
Failed crypto hedge fund Three Arrows Capital’s (3AC) attempt to pursue a $284 million claim against crypto lender BlockFi was put into mediation by the U.S. bankruptcy judge overseeing BlockFi’s case.Source
Israeli Crypto Firms Scramble to Deal With War, in Between the Sirens
Few operational disruptions were reported, but some crypto employees were getting called up for reserve duty. Executives and developers coped with the stress of attending funerals, responding to security warnings and encountering supermarket shortages.Source
Star Witness Caroline Ellison Says Sam Bankman-Fried Directed Her to Commit Fraud
Caroline Ellison, the former CEO of crypto hedge fund Alameda Research, is the government’s star witness in its prosecution of alleged crypto fraudster Sam Bankman-Fried.Source
Billionaire Paul Tudor Jones Backs Bitcoin and Gold as Geopolitical Risks Rise
Jones said the U.S. in moving towards an “untenable fiscal position.”Source
Binance’s U.K. Partner Can’t Approve Crypto Ads, Regulator Says
The Financial Conduct Authority may have derailed Binance’s plans to comply with the new crypto marketing regime by imposing restrictions on the firm’s recently enlisted local partner.Source
Real-World Asset Loan Worth $20M Sours on DeFi Platform Goldfinch, Bringing RWA Lending Under Scrutiny
The development follows the default of a $5 million loan on Goldfinch made to an African robotaxi company.Source
Blocknative Reduces Headcount by Third, After Suspending Work on Relay Project
The company completed a restructuring in the wake of its decision to exit services related to its MEV-Boost Relay, a type of software used by Ethereum network validators.Source