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El Salvadorâs position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months. El Salvador, the first country to legalize Bitcoin, has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023. As part of El Salvadorâs drive to establish Bitcoin...
This week, an anonymous person leaked 100,000 API keys connected to the crypto trading service. FBI agent working on his computer in office (Source: domoyega) The FBI is investigating the3Commas data breach, CoinDesk has learned. The investigation comes afterweeks of criticismfrom users of the Estonia-based crypto trading service, who say its CEO repeatedly brushed off warning signs that the platform...
Alameda took out a loan pledging those same shares as collateral. Former FTX chief Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase his stake in trading app Robinhood Markets (HOOD), accordingto court documents. In an affidavit provided to a Caribbean court before his arrest, Bankman-Fried said he and FTX co-founder Gary Wang together borrowed over...
The BNB token, with a market cap around $40 billion, has failed to win a listing on major U.S. crypto exchanges â except on Binance.US. Crypto analysts say it might be due to risks that BNB could be deemed a security by U.S. regulators. The BNB token suffered a steep price decline in December. (CoinDesk) Binance, the worldâs biggest crypto...
In his first court appearance since being extradited from the Bahamas, the former CEO was told he can live with his parents on $250 million bail secured by their Palo Alto house. Sam Bankman-Fried exits federal court in New York City (David Dee Delgado/Getty Images) A federal judge agreed to release former FTX CEO Sam Bankman-Fried after he appeared in...
The publicly traded miner filed for Chapter 11 at Southern District of Texas bankruptcy court. Core Scientific's Marble facility in North Carolina. (Core Scientific) Core Scientific (CORZ), one of the largest bitcoin miners by computing power, filed for bankruptcy as the crypto winter continues to take its toll on the industry. The company filed for Chapter 11 at Southern District...
Investors have been led astray by misleading signals from the market. It enticed them to go "all in" on centralized exchanges rather than focusing on real-world use cases for tokenized value exchange. (Rachel Sun/CoinDesk) Capitalism failed crypto. Or perhaps they failed each other. No, Iâm not trying to exonerate Sam Bankman-Fried and all those who have abused peopleâs trust and...
Rep. Patrick McHenry. who chairs the committee in January, expressed his concerns in a letter to Treasury Secretary Janet Yellen. Rep. Patrick McHenry (Shutterstock/CoinDesk) The top Republican on the House Financial Services Committee wants the U.S. Treasury Department to delay implementing the crypto tax provisions in last year's Infrastructure Investment and Jobs Act until there is further clarity around who's...
Bankman-Fried was arrested Monday. Former FTX CEO Sam Bankman-Fried (Danny Nelson/CoinDesk) NASSAU, The Bahamas â FTX founder and former CEO Sam Bankman-Fried will be remanded into custody after a Bahamas judge ruled he should be denied bail on Tuesday. Magistrate Judge Joyann Ferguson-Pratt ordered that there be an extradition hearing next year, on Feb. 8, 2023, at 10:00 a.m. ET....
Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next. There's some $54 million of sour debt on Maple Finance's lending platform, as some of its...
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