Category: Uncategorized

Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether
CoinDesk reported earlier this week that Friend.Tech users were seemingly starting to get targeted in SIM swap exploits.

First Mover Americas: DOJ: SBF’s Crypto Empire Was Built on a Lie
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
The employees flagged their discovery to one of FTX’s director of engineering Nishad Singh but the problem never got fixed.

Crypto Fundraising Hits 3-Year Low as Firms Struggle to Raise Capital: Messari
The amount raised by crypto firms in Q3 fell to just under $2.1 billion, across 297 deals, the lowest on both counts since Q4 2020

Unpacking the First Day of Sam Bankman-Fried's Actual Trial
A Parisian cocoa trader told Sam Bankman-Fried’s trial jury that pricey ads and FTX’s confident CEO helped convince him the crypto exchange was a safe place to deposit over $100,000 so he could trade cryptocurrencies – but he never expected that anyone but him would touch his funds, kicking off testimony just hours after the jury was selected and sworn in.

Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says
The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX.

Bitcoin Holds Steady at .6K; Why Are XRP, AVAX Prices Pumping?
Ether fell 0.5%, Solana’s SOL fell 1.4%, while Cardano’s ADA and BNB Chain’s BNB traded flat.

Dutch Crypto Companies Score Legal Win in Fight Against .3M Supervision Bill
The Dutch central bank shouldn’t have made Binance successor Coinmerce and others pay for their money laundering registration, a Rotterdam court said

Dogecoin NFT Community 'Own The Doge' is Installing Kabuso Dog’s Statue in Japan
Kabosu is the actual dog of the meme that inspired popular internet culture and tokens such as Dogecoin.

Prediction Market 'Zeitgeist' to Use CoinDesk Indices for Broad Crypto Bets
Traders will be able to bet on the performance of a basket of DeFi tokens, or of a group of smart contract platforms’ native currencies.