Author: American Coins & Gold

Protocol Village: Babylon Unveils Bitcoin Staking Protocol for Cosmos Ecosystem
The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 2-8, with live updates throughout.

Sam Bankman-Fried Goes on Trial Tomorrow
It is officially trial week, everyone – or as Bloomberg’s Joe Weisenthal would likely put it, “this is why we get up in the morning.” It’s been exactly nine months and 20 days since Sam Bankman-Fried got arrested in his then-home in the Bahamas. Today marks the last day before he is set to start trial in which he will win back his freedom – or be locked up for what a federal judge says a “very long” time.

Crypto Investment Firm Deus X Capital Launches With B in Assets
Deus X Capital, a family office backed investment firm, launched today with Tim Grant as CEO, the company said in a statement.

Bankman-Fried Saw Missing FTX Billions as ‘Rounding Error,’ Biographer Says
Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.

FTX's Former Auditor Prager Metis Sued by SEC
The regulator alleged in a court filing that the firm had entered into contracts with clients that violated auditor independence rules.

Bitcoin Surges Over K; Solana Leads Alts Gains as Crypto Bears Lose M
Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether.

Coinbase Obtains Payment License in Singapore
Last week the company attained regulatory approval in Bermuda and registered with Spains central bank.

FTX 'Hacker' Moved 15K ETH This Weekend
More than 15,000 ether (ETH) worth close to $26 million left a wallet associated with last year’s attack on FTX this weekend.

FTX's Bankman-Fried Cannot Blame Lawyers in Opening Statement: Judge
Sam Bankman-Fried cannot blame FTX’s lawyers for its collapse or operations in his opening statements, though he can still try and make a so-called “advice-of-counsel” defense later, the federal judge overseeing his case ruled Sunday.

FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says
The U.S. Department of Justice said it intends to call FTX customers, investors and cooperating witnesses to testify against Sam Bankman-Fried at trial next week, including a Ukrainian local who would have difficulty getting to the courthouse in-person.