Author Archive for: GRYZUoDLu7t8z22
Entries by GRYZUoDLu7t8z22
Sam Bankman-Fried Started Buying Solana’s SOL at 20 Cents Using ‘Alameda Profits,’ He Says at His Trial
“I believed the funds came from Alameda’s operating profits” as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.Source
Protocol Village: New DYdX Chain to Use DYDX for Staking, Pay Out Fees in USDC
The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 16-22, with live updates throughout.Source
Bitcoin’s 14% Weekly Gain Signals ‘End of an Era’ as Big Tech Dumps, Analyst Says
Bitcoin’s advance this week coupled with gains across all digital asset sectors, highlighting the breadth of the crypto rally.Source
Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC
Cryptocurrency exchange Gemini has sued lending firm Genesis Global over 60 million GBTC shares that were pledged as collateral for Gemini’s Earn users.Source
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental ‘Misunderstanding’
When crypto mining is discussed in the U.S. Congress, it’s often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power grid, tie into renewable resources and foster domestic technology.Source
Bitcoin Catches Market Cap of Elon Musk’s Tesla Amid ETF-Fueled Rally, but Traders Cautious Ahead of Fed Meeting
The Fed is widely expected to hold rates steady next week, but traders will be watching for signals about future policy moves.Source
Binance Founder CZ’s Wealth Falls About $12B as Trading Revenue Slumps: Bloomberg
Changpeng Zhao’s wealth dropped to $17.2 billion from a previous estimate of $29.1 billion.Source
What’s the Deal With Sam Bankman-Fried’s ‘Advice of Counsel’ Defense
And why is it causing so much controversy in court?Source
Sam Bankman-Fried Throws Caroline Ellison Under Bus in Testimony
The former crypto billionaire’s lawyer focused on trying to spin prosecutors’ narrative about FTX and Alameda Research’s collapse in a way more favorable to SBF.Source