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. Original Source
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Bitcoin Holds Steady at $27.6K; 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. Original Source
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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. Original Source
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Alameda Was ‘Business as Usual’ Before Collapse: Ex-Engineer
“It pretty much seemed like business as usual, right up until the end. The days before the company collapsed, it just seemed like a few really busy days of trading,” Aditya Baradwaj, a former Alameda employee, said on CoinDesk TV. “We had no idea that anything was going on until
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Sam Bankman-Fried Shouldn’t Have Cut His Hair
And, so it is with Sam Bankman-Fried. Turning up this week for his long-awaited trial on multiple fraud charges related to the collapse of FTX, the 31-year-old fallen crypto king gave the impression of someone who’d sobered up. He wore a gray suit, white shirt and striped tie. He tied
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CMCC Global Raises $100M for Hong Kong-Based Web3 Companies
The Titan Fund, as it is called, will make early-stage investments in companies across Web3 sectors such as gaming, the metaverse and non-fungible tokens (NFTs), according to an emailed announcement on Wednesday. State Street will serve as the fund’s administrator and EY as its auditor. Original Source
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Crypto vs. Banks? It’s Not Either-Or for Chainlink, Ripple
Rather than attempting to disrupt banks and other traditional payments systems, these high-profile blockchain developers are looking to court their business. Original Source
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First Mover Americas: Judge Dismisses SEC’s Attempt to Appeal Ripple Ruling
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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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. Original Source
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Sam Bankman-Fried Lost Millions Trading Before FTX’s Launch, Michael Lewis Claims
Most of these were losing bets from the start with Alameda losing millions of dollars in its first months. It lost over $500,000 every day throughout one such month, Lewis wrote, while some trading funds had “simply vanished” due to poor fund management. Original Source
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