Author: American Coins & Gold

Sam Bankman-Fried Sort of Had a Rough Day
Yesterday was arguably not a great day for Sam Bankman-Fried. First, the judge overseeing his case rejected all seven of his proposed expert witnesses*, questioning at least one’s qualifications and saying some others really wouldn’t be relevant to the case.

Dogecoin Beats Bitcoin in Price Stability Amid Crypto Trading Lull
DOGE’s new-found stability reflects a lack of investor interest in trading alternative cryptocurrencies.

Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making it a Real Thing
A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.

FTX Sues Former Employees of Hong Kong Affiliate, Seeks 7 Million
The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million.

Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for M
Bitcoin miner Core Scientific (CORZQ) has agreed to exchange $23.1 million in cash and $53.9 million in common stock for 27,000 Bitmain S19J XP 151 TH bitcoin mining servers, according to a press release.

Ethereum's Shanghai Upgrade Has Failed to Boost Network Activity, JPMorgan Says
Daily transactions, daily active addresses and total value locked on the blockchain have all fallen since the upgrade, the report said.

Japanese Exchange GMO to Offer XRP Users Yen for Delayed Songbird Airdrop
The handouts are part of a token airdrop whose snapshot took place in 2020.

Binance, U.S. Affiliate, Changpeng 'CZ' Zhao File to Dismiss SEC Lawsuit
Binance, Binance.US and Changpeng Zhao filed to dismiss a Securities and Exchange Commission (SEC) lawsuit Thursday, claiming the regulator hadn’t “plausibly alleged” various securities-related violations.

Vote if You Want, but Remember 'Cypherpunks Write Code'

Sam Bankman-Fried Will Remain in Jail Through the Start of His Trial
An appeals court rejected his attorneys’ attempt to free him in the run-up to the trial.