Nate Chastain, the former head of product at NFT platform OpenSea, has received a three month prison sentence for making tens of thousands of dollars worth of insider trades. Chastain, 33, was convicted of fraud and money laundering in federal court in New York in May. The conviction marked the end to what prosecutors called … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Cryptocurrency exchange Coinbase (COIN) bought a minority stake in stablecoin issuer Circle Internet Financial. The two companies also dissolved their Centre Consortium partnership, … Read more
XRP and cardano (ADA) prices slid for a second straight day as traders eased off riskier alternative cryptocurrencies, with no major token in the green. Both fell as much as 3%. Losses in ADA came even as on-chain data analytics tool Santiment reported that development activity on Cardano was the highest among all networks in … Read more
The U.S. Department of Justice filed its proposed set of jury instructions for Sam Bankman-Fried’s October trial a day before he is set to be arraigned on a new superseding indictment. Prosecutors filed the document, titled “the government’s requests to charge,” late Monday, adapting from various previous sets of jury instructions including past statements from … Read more
Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges. Bankman-Fried, who pleaded not guilty to most of those same charges, faces a new superseding indictment after prosecutors said they would have … Read more
Layer 1 blockchain Terra said its website was compromised over the weekend by hackers that are using the access to attempt phishing attacks on visitors, who are prompted to connect their online or hardware wallets. “To avoid potential phishing scams, please continue to avoid interacting with sites with the terra(dot)money domain until we post another … Read more
Social platform Friend.tech, which lets holders buy “shares” of people who hold an account on X, formerly known as Twitter, and grants the buyers certain privileges, has surged to more than 100,000 addresses since its Aug. 10 launch according to a database created by Yearn Finance developer @Bantg. The database, listed briefly on GitHub and … Read more
Bitcoin (BTC) and the U.S. inflation-adjusted bond yield are again moving in opposite directions, exhibiting the strongest negative correlation in four months. The 30-day correlation coefficient between bitcoin and the 10-year U.S. inflation-indexed security turned negative this month, declining from +0.28 to -0.72, a level last seen in April, according to charting platform TradingView. A … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Bitcoin (BTC) has broken out from its very tight trading range, but not in ways the bulls would have liked to see. The … Read more
Stablecoin issuer Tether said that it will discontinue support for Omni, a Bitcoin layer used for USDT transfers since 2014. Tether will also relinquish support for Kusama (KSM) and Bitcoin Cash (BCH) SLP implementations, according to the announcement. Omni is a software layer built on top of the Bitcoin blockchain. It was designed to enhance … Read more