ECB officials move to ‘preparation phase’ for digital euro
Though the issuance of a digital euro is not a certainty, officials with the European Central Bank are moving to next phase of the project. Go to Source
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US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas
According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds. Go to Source
Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting
Ohio Representative Jim Jordan, the Republican Party’s nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position. Go to Source
Nishad Singh says there was ‘a lot’ he didn’t remember about FTX in 2022 — SBF trial
Sam Bankman-Fried’s defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16. Go to Source
Former FTX engineering director faces up to 75 years in prison following guilty plea
Nishad Singh’s testimony was seemingly part of prosecutors’ strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds. Go to Source
Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena
The order was unclear as to the nature of the documents under subpoena, but stated Genesis had failed to provide the information by Oct. 9. Go to Source
Nishad Singh testifies on Sam Bankman-Fried’s ‘excessive’ investments through Alameda
The former FTX engineering director reportedly testified that SBF would “unilaterally spend Alameda’s money” and was “ultimately” in charge of the firm rather than Caroline Ellison. Go to Source
Sam Bankman-Fried’s legal team moves to pursue theory on FTX terms of service
Lawyers petitioned the court to allow them to question witnesses for the prosecution based on FTX’s terms of service, as well as preclude testimony from “lay fact witnesses”. Go to Source
Trader Joe’s grocery store files trademark lawsuit against Trader Joe DEX
Among the claims included allegations of federal trademark infringement and dilution, with Trader Joe allegedly capitalizing on the store’s “name, goodwill, and brand recognition”. Go to Source
Changpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline Ellison
The former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO claimed Ellison’s offer to buy the firm’s FTT holdings was the cause. Go to Source