FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto

Three men duped New York-area banks into shelling out more than $10 million and tried to make off with the money by converting it to crypto, U.S. Attorney Damian Williams said Thursday in a statement.Source

Sam Bankman-Fried’s Trial May Be Over, but The Bahamas Is Living Its Own Trial

Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.Source

Bitcoin-Focused Ordinals Project Taproot Wizards Raises $7.5M in Seed Round

Taproot Wizards, which describes itself as “magic internet JPEGs”, offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: “magic internet money.”Source

255M Pyth Tokens to Be Airdropped to 90K Wallets Next Week

The Claim Process for the Pyth Network Retrospective Airdrop will open on Monday, Nov 20 at 2 PM UTC.Source

Crypto for Advisors: Cryptocurrency Transparency Truths vs. Myths

Darwood Khan from Alix Partners looks at on-chain analytics, tracing tools and just how much illicit activity leverages crypto and discusses why advisors should learn about blockchain technology.Source

There Is a World of Web3 Outside the U.S. and Europe

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CoinShares Secures Option to Buy Valkyrie’s ETF Unit

The option, which expires at the end of March, gives the company a foothold in the U.S. ETF market as speculation whirls around the approval of a spot bitcoin product.Source

Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.Source

UK’s Proposed Crypto Rules Could Drive Away Foreign Firms, Lawyers Say

The government has said it won’t extend certain regulatory exemptions reserved for foreign TradFi firms to crypto.Source

Ramaswamy Shares Crypto Plan, Making Him the Only GOP Candidate Who Has One

Republican presidential candidate Vivek Ramaswamy has a message for most of the employees at the U.S. Securities and Exchange Commission (SEC) if he’s elected to the White House: You’re fired. And everybody still left at their desks would need to back off the crypto industry, according to the candidate’s new policy strategy for U.S. digital assets.Source