Judge Kaplan denies acquittal motion, closing arguments set for Nov. 1

Sam Bankman-Fried’s testimony concluded on Oct. 31 as prosecutors outlined inconsistencies in his statements and defense lawyers pointed to erroneous management decisions taken by other executives like FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison. Prosecutors fielded multiple exhibits detailing Bankman-Fried’s media run in the wake of FTX’s collapse. The former crypto billionaire was noted as distancing himself from Alameda Research and insisting that his trading firm was a separate entity from the FTX crypto exchange.  Private conversations entered into court records told a different tale as federal…

ZkDay conference and Pitch competition comes to Istanbul on Nov. 13

Zero knowledge-proof (ZK-proof) scalability solutions have grown in prominence in the crypto ecosystem in recent years, making way for several ZK-focused conferences and events. A marquee ZK conference dedicated to the growing community will take place on Nov. 13 in Istanbul, Turkey. ZkDay is hosted by zero knowledge layer-1 platform, the Manta Network, Polychain Capital, nil; Foundation and Cointelegraph. ZkDay is dedicated to facilitating top-notch community gatherings, fostering learning and networking, and driving the progress and application of ZK technology across the blockchain space. ZkDay Istanbul comes just three months…

Nifty Newsletter, Nov. 30–Dec. 6

In this week’s newsletter, read about how the word “metaverse” placed second in Oxford’s Word of the Year. Check out how Meta is pushing forward its metaverse plans amid doubts and how the nonfungible token (NFT) marketplace Magic Eden announced a tool to enforce royalties. In other news, find out how the Opera Crypto Browser is integrating NFT minting. And, don’t forget this week’s Nifty News featuring a new all-time high for Reddit avatar minting.  Metaverse comes in second place as Oxford’s word of the year The term “metaverse” have…

Two Bored Apes sell for $1M each: Nifty Newsletter, Nov. 23–29

In this week’s newsletter, read about how two Bored Ape nonfungible tokens (NFTs) sold for almost $1 million during the bear market and how the word “metaverse” made it into the top three finalists for Oxford Word of the Year. Check out how the metaverse can generate passive income through royalties and how NFT marketplace OpenSea has integrated BNB Chain into its platform. And, don’t forget this week’s Nifty News featuring COVID-19 protests in China being converted into a Polygon-based NFT collection.  ‘Metaverse’ a top 3 contender for Oxford’s Word…

First US state to ban nearly all crypto mining: Law Decoded, Nov. 21-28

The state of New York became the first in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years and limited in nature. Last week, New York Governor Kathy Hochul signed the moratorium into law, prohibiting any new mining operations that aren’t based on 100% renewable energy. The renewal of licenses will also be frozen. In eight months, the anti-mining bill made its way from the State Assembly to the governor’s pen.  The statewide development seems unlucky for New York City Mayor Eric Adams,…

A US Senate hearing will discuss FTX, New York bans proof-of-work and FTX evaluates its assets: Hodler’s Digest, Nov. 20-26

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing Amid an ongoing investigation into crypto mixer Tornado Cash, the product’s developer, Alexey Pertsev, will be subject to at least another three months of detainment, as per a court ruling this week. Earlier…

Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25

No matter if one analyzes Ether’s (ETH) longer-term or weekly time frame, there is little hope for bulls. Besides the negative 69% year-to-date performance, a descending channel has been pressuring the ETH price while offering resistance at $1,200. Ether/USD 4-hour price index. Source: TradingView Regulatory uncertainty continues to weigh down the sector. For example, Starling, a digital bank based in the United Kingdom, announced on Nov. 22 that it would no longer allow customers to send or receive money from digital asset exchanges or merchants. The bank described cryptocurrencies as…

Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22

In this week’s newsletter, read about how a nonfungible token (NFT) protocol was affected by the FTX collapse leading to layoffs. Despite the effects of the FTX collapse, industry players within the NFT space are still confident in the recovery of NFTs. Meanwhile, Disney brought back metaverse-backer Bob Iger as its CEO, and check out how NFTs have taken center stage at Formula 1. And, don’t forget this week’s Nifty News featuring China-based tech companies offering FIFA World Cup fans a metaverse-like viewing experience of the soccer event.  Nickel Digital,…

Lawyer Explains Why Nov 30 Is Crucial

While the crypto community has been eagerly focused on the developments surrounding Genesis Trading and Digital Currenc Group (DCG) over the past few days, Ripple Labs continues to battle the U.S. Securities and Exchange Commission (SEC). And the next important deadlines are already looming. By November 30, both Ripple and the SEC have to file their summary judgment briefs, which will remain under seal for the time being. On December 02, the two parties will meet to jointly discuss the redactions for the court filings. A few days later, on…