Author: e_cash_top

[ad_1] Jesse Powell, Kraken’s founder, has expressed anger at the venture capital (VC) firms who invested in Sam Bankman-Fried’s (SBF) FTX, saying their incompetence enabled “obvious fraud.” Powell said the VCs failed to perform due diligence to uncover possible discrepancies at the beleaguered firm. Instead, they allowed themselves to be bamboozled by the personality SBF…

[ad_1] The total value of assets locked (TVL) on decentralized finance (DeFi) projects recorded a 30% year-on-year decline to drop to its lowest point for this year at $36.95 billion, per data from DeFillama. While DeFi projects started the year strongly, peaking at more than $52 billion in April, the sector has witnessed six months…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] The bankruptcy estate of crypto lending firm Genesis Global Capital has submitted a proposed order to implement the company’s settlement agreement with collapsed crypto exchange FTX. The proposed order was filed Thursday in the U.S. Bankruptcy Court for the Southern District of New York. It comes after Judge Sean H. Lane issued a decision…

[ad_1] Judge Lewis Kaplan largely upheld his pretrial evidentiary rulings in the case against FTX founder Sam Bankman-Fried, according to an Oct. 11 court filing. Kaplan granted reconsideration on certain issues challenged by Bankman-Fried’s defense but maintained his decisions to preclude arguments about FTX’s lack of regulation and evidence related to the firm’s bankruptcy proceedings.…

[ad_1] U.S. Senators Elizabeth Warren and Angus S. King, Jr. are pressing the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to hasten the implementation of recently proposed tax reporting rules for cryptocurrency brokers. In a joint letter addressed to the two regulators, the senators raised concerns over a two-year delay in…

[ad_1] The sixth day of SBF’s trial mainly revolved around the continued testimony of the prosecution’s key witness, Alameda Research CEO Caroline Ellison. Much of Ellison’s testimony was about financial documentation and the sister companies’ entangled finances, but the latter half was dedicated to further ground-breaking revelations about SBF’s ambitions and what really happened behind…

[ad_1] ARK Invest updated its proposal for a spot Bitcoin ETF through an amendment submitted to the U.S. Securities and Exchange Commission (SEC) on Oct. 11. Bloomberg ETF analyst Eric Balchunas noted on X (formerly Twitter) that the update adds comments on Coinbase’s custodial practices. Specifically, the application notes that assets for the fund are…

[ad_1] Ex-Alameda Research CEO Caroline Ellison took the stand in a second day of testimony in Sam Bankman-Fried criminal trial on Oct. 11. Ellison testified that she communicated with Bankman-Fried and other company members through Signal, a messaging app with an auto-delete feature that Bankman-Fried instructed employees to use. She further testified that Bankman-Fried instructed her…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…