Crypto Custody Firm Ledger Cuts 12% of Staff

The company cited macroeconomic headwinds limiting the company’s ability to drive revenue as a reason for the cuts.Source

Taiwanese Crypto Trader’s 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery

Sometimes, being tax-compliant pays off.Source

Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies

Gary Wang, the former chief technology officer and co-founder of FTX, told a jury that he, Bankman-Fried and fellow former executives Caroline Ellison and Nishad Singh committed multiple forms of fraud.Source

Crypto for Advisors: Waiting for the Next Crypto Bull Market? It’s Already Here.

Is crypto winter slowly thawing and spring upon us? Thanks to Jennnifer Murphy from Runa Digital Assets sharing their perspective on the crypto market and indicators that the bull may be upon us.Source

Blockticity Mints Hemp and Cannabis Certifications on Avalanche

The process works by Blockticity printing a QR code on a product and the QR code then links to a Certificate of Analysis minted as an Avalanche NFT.Source

Banks Would Have to Disclose Crypto Holdings Under New BIS Plan

The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrencySource

Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether

CoinDesk reported earlier this week that Friend.Tech users were seemingly starting to get targeted in SIM swap exploits.Source

First Mover Americas: DOJ: SBF’s Crypto Empire Was Built on a Lie

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ

The employees flagged their discovery to one of FTX’s director of engineering Nishad Singh but the problem never got fixed.Source

Crypto Fundraising Hits 3-Year Low as Firms Struggle to Raise Capital: Messari

The amount raised by crypto firms in Q3 fell to just under $2.1 billion, across 297 deals, the lowest on both counts since Q4 2020Source