Author: American Coins & Gold

No Jury Yet, but We're Getting There
Sam Bankman-Fried had a grin on his face as he entered court on Tuesday morning – clad in a black suit and an uncharacteristically tame (read: closely trimmed) mop of hair. After nine long months, the disgraced crypto founder will finally have the chance to defend himself against a wide array of federal fraud and conspiracy charges tied to the collapse of FTX, his crypto and futures exchange, and Alameda Research, the crypto trading firm he founded and – according to prosecutors – used to illegally re-invest FTX user funds.

DeFi Project Yield Protocol to Wind Down by Year's End
At its peak in April 2022, Yield Protocol had over $22 million in total value locked, but this figure has since dwindled to around $2 million.

Bitcoin Hovers Above .4K; XRP Notches Win, Solana Token Slides
Low volatility returned to crypto markets after a sudden move higher earlier this week following ETF decisions.

XRP Spikes as Ripple Scores Singapore License, SEC Loses Motion to Appeal
Broader crypto markets dropped 0.7% in the past 24 hours, the CoinDesk Market Index (CMI) shows.

Sam Bankman-Fried Lost Half a Million Dollars Everyday After Alameda Launched, Michael Lewis Claims
The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.

Central Bank Group Unveils Data Project Mapping Crypto Transfers
The new data source, which also maps off-chain flows, could underpin future crypto regulations, according to the German-Dutch central bank project.

Lack of U.S. Crypto Laws Irrelevant to Bankman-Fried Allegations, DOJ Says
The FTX founder’s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see.

Why Some Crypto Firms Are Suspending Services in the U.K.
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect.

Ripple Says Singapore License Formally Approved
Ripple’s Singapore arm has secured a license as a major payments institution from the Monetary Authority of Singapore, the company said, allowing it to keep providing digital payment token services in the fast-growing region.

SEC’s Motion to Appeal Loss in Ripple Case Is Denied