DeFi Project Yield Protocol to Wind Down by Year’s End
At its peak in April 2022, Yield Protocol had over $22 million in total value locked, but this figure has since dwindled to around $2 million.
Month: October 2023
Bitcoin Hovers Above $27.4K; XRP Notches Win, Solana Token Slides
Low volatility returned to crypto markets after a sudden move higher earlier this week following ETF decisions.
Sam Bankman-Fried Lost Half a Million Dollars Everyday After Alameda Launched, Michael Lewis Claims
The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.
No Sam Bankman-Fried Jury Yet; Judge Expects to Cull 50 Prospects Quickly on Wednesday
The FTX founder was never offered a plea deal, Nicholas Roos, one of the federal prosecutors, said.
TV’s Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’ new book “Going Infinite.”
Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’
This makes the trading giant one of FTX’s top creditors, Lewis wrote, citing documents from the crypto exchange’s former chief operating officer, Constance Wang.
Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities.
Ripple Says Singapore License Formally Approved
Ripple’s Singapore arm has secured a license as a major payments institution from the Monetary Authority of Singapore, the company said, allowing it to keep providing digital payment token services in the fast-growing region.
Crypto-Friendly Congressman McHenry Temporarily Takes Over U.S. House
Crypto-friendly Rep. Patrick McHenry (R-N.C.) has landed in the driver’s seat of the U.S. House of Representatives just as legislation to establish digital-asset regulations nears a finish line there.
SEC’s Motion to Appeal Loss in Ripple Case Is Denied
SEC’s Motion to Appeal Loss in Ripple Case Is Denied