Sam Bankman-Fried Blogs Like a Robin Hood, but in Court He’s Not So Charitable

Thatโ€™s legitimate, Bankman-Fried argued; the Substack post said he โ€œdidnโ€™t steal funds.โ€ Alamedaโ€™s ex-CEO Caroline Ellison has, however, pleaded guilty to charges including commodities fraud, which includes the allegation that she misappropriated FTX customer funds to satisfy Alamedaโ€™s souring loans. Source BankmanFriedblogsCharitableCourtHesHOODRobinSam CryptoX Portal

90% of businesses adopting blockchain technology, data

The crypto and blockchain space has had a turbulent past year,ย but that is not stopping users and enterprises from looking into the industry. A new survey from CasperLabs and Zogby Analytics revealed that the sentiment around blockchain adoption is especially positive among enterprises. The poll was conducted via 603 business enterprise โ€œdecision makersโ€ in the United States, the United Kingdom and China. Nearly 90% of the businesses surveyed reported deploying blockchain technology in some capacity, with 87% saying they plan to invest in blockchain in the next year. This isย particularly…

Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward. According to a Jan. 12 report from Reuters, Bankman retained Sean Hecker of New York-based law firm Kaplan Hecker & Fink LLP. Bankman-Friedโ€™s father reportedly advised and assisted his son on matters related to lobbying lawmakers in Washington D.C. and may now be cooperating with prosecutors behind SBFโ€™s case. Itโ€™s unclear at the time of publication whether Bankman has any criminal or civil liability…

Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies โ€“ Bitcoin News

In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoinโ€™s upcoming halving, which is expected to occur 203 days from now. Litecoin Halving Set to Occur on or Around Aug. 3, 2023 Litecoin, the 14th-largest cryptocurrency today, is preparing to experience a block reward halving in 202 days. It will be the first major proof-of-work (PoW) cryptocurrency to have a reward halving, besides…

BIS economists suggest improving TradFi with CBDC to attract users away from crypto

Economists at the Bank of International Settlements (BIS) took a look at the risks inherent in the crypto ecosystem and came up with a seemingly novel solution. โ€œDevelop an alternative,โ€ they advised in a bulletin released Jan. 12. What they had in mind was central bank digital currency (CBDC).ย  The authors of the bulletin, headed by BIS senior economist Matteo Aquilina, said they sought lessons from the crypto winter that descended in 2022. The recent failures in crypto asset markets underscore the need to address the risks presented by crypto…