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The Latest Breaking News from CoinDesk

DOGE Fans Erupt After Ripple CEO Says Dogecoin Hasn't Done Anything Good For Crypto

Fans and users of DOGE blasted Ripple CEO Brad Garlinghouse after his comments during last week's Consensus 2024 event about the world's top memecoin emerged.

International Business Times

At Least 8 House Dems Back FIT21 Bill Seeking Crypto Sector Regulatory Framework

Some Democrats, including digital assets skeptics, have voiced support for FIT21, a largely Republican-backed bill that could establish clear regulatory guidelines for the crypto industry.

International Business Times

Most Of Ripple-Owned Metaco's Execs, Marketing Staffers Have Left Crypto Custody Firm: Report

Metaco, which saw its CEO depart the company earlier this year, has lost most of its executives and marketing department members, a new report revealed.

International Business Times

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‘He knew it was wrong’: Sam Bankman-Fried sentenced to 25 years in prison over FTX fraud

Judge orders disgraced crypto mogul to forfeit $11bn in assets and says he showed no remorse for his crimes

The Guardian - US

Crypto Exchange OPNX To Shut Down As FTX Bankruptcy Claims Reach 'Recovery'

OPNX, the exchange founded by two of the people behind fallen crypto hedge fund Three Arrows Capital, will shut down this month.

International Business Times

Goldman Sachs considering role in Grayscale and BlackRock spot Bitcoin ETF offerings

The investment bank would serve as an “authorized participant” for the exchange-traded funds.

Fortune

Hundreds of namesake crypto tokens pop up after Elon Musk announced AI chatbot Grok

The tokens have a market cap of more than $10 million.

Fortune

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Money Mules Charged With Moving $307M In Tether, Converting Sum To Renminbi: Report

A Chinese court near Chongqing sentenced 21 people for online fraud, CoinDesk reported

Zenger

Bitcoin Trading Volume Surges 36% To $17.6 Billion In 24 Hours

Bitcoin's market cap also expands 2.5% as prices rise and ETF optimism grows

Zenger

What is FTX founder Sam Bankman-Fried’s trial about?

Bankman-Fried, who had his bail revoked in August, faces multiple charges of money laundering and fraud.

Al Jazeera

A timeline of Sam Bankman-Fried, who could go down as one of history’s most notorious fraudsters

Sam Bankman-Fried, 31, is facing fraud and conspiracy charges linked to FTX, which was once valued at $32 billion.

Fortune

Investors Eye CoinDesk Purchase Amid Crypto Winter

DCG's sale of CoinDesk could signal optimism for future crypto market recovery

Zenger

Lessons from the rise and fall of Sam Bankman-Fried and FTX

Former cryptocurrency king Sam Bankman-Fried has grown quieter as he approaches his federal fraud and conspiracy trial this fall.

The Philadelphia Inquirer

SEC likely to change its tune on spot Bitcoin ETF, according to Bernstein

The regulator has received applications to create a spot Bitcoin ETF from several TradFi players including Fidelity and BlackRock.

Fortune

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Fortune

11 investigations that have moved the private markets since 2021

A sampling of the stories that have kept technology companies and investors honest over the years—or led to corporate collapse and federal indictments.

Fortune

Binance seeking to 'demonstrate that we are a new organization' as regulatory headwinds swirl

The largest crypto exchange appears to be planning for CZ's successor.

Reason

Is Biden Replacing Bad Border Policy With Worse Border Policy?

Plus: Schools suing social media companies, a bitcoin mining tax is a bad idea, and more...

Fortune

Consensus 2023 offered a subdued but thoughtful vibe

Consensus was less manic than in previous years, making it easier to hear the important ideas.

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Creative Bloq

NFTs aren't dead, and Amazon's new digital art gallery could prove it

Will a new NFT marketplace launch next month?

Fortune

Genesis, DCG reach initial deal with main creditors

The creditors who came to terms with the lending arm of Genesis and DCG are owed approximately $2.4 billion out of the total $3.4 billion the company reportedly owes.

Fortune

FTX owes money to Apple, Google, Netflix, Yahoo, and Gisele Bündchen’s charity

On Wednesday, a federal judge released a comprehensive list of FTX’s creditors, excluding the names of individuals.

Fortune

The crypto lender Gemini just filed for bankruptcy. Here are the biggest creditors

The company owes $3.4 billion to top firms including Genesis and ByBit's venture arm.

Fortune

Anyone want to buy a crypto media company?

Coindesk is on the block. Their best hope for a buyer is a benevolent crypto baron.

Fortune

How FTX's own token was the final nail in its coffin

“In the current crypto atmosphere, investors are right to ask questions of exchanges that have tokens, because they don't know what the exchange is doing behind the scenes,” Bitwise CIO Matt Hougan told Fortune.

Pedestrian.tv

Allow Me, A Bimbo Who Can’t Count, To Explain How A Crypto Dweeb Lost $24 Billion In Days

Because tea from the crypto world isn't just for nerds.

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