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US government alleges crypto founder communicated with potential witnesses in his criminal trial
Plus, Moody’s positive outlook on DeFi, and Tether takes market share
Ted Cruz is the worst
Development of the digital currencies is gathering pace around the world
Warning that Britain is falling behind EU rivals as financial centre for digital assets
Sullivan & Cromwell’s work before and after crypto exchange’s bankruptcy raised uncomfortable questions about conflicts in court
Rising cryptocurrency price boosts hopes of an upturn in industry fortunes
Banking veteran Bob Diamond sought to bring stablecoin operator to US stock market using blank-cheque company
Also in this newsletter: How Montenegro’s political linchpin lost his shine
Collapsed crypto exchange’s founder has been critical of Sullivan & Cromwell’s role in bankruptcy process
Savers who sought high returns via schemes run by Genesis and Gemini can no longer withdraw funds
Gone is the hard sell and free pizza as digital coin price crash and a series of bankruptcies force industry to play it safe
Plus, Genesis files for bankruptcy and Dimon weighs in on Bitcoin again
There but for the grace of common sense go we
Company is latest casualty of fallout from implosion of Sam Bankman-Fried’s FTX
Making money out of failure is morally bankrupt
Firm could become the latest casualty from turmoil in the digital asset sector following FTX’s collapse
Billionaire was early mainstream investor in the digital currency but VC fund no longer has significant exposure
Criminal case is latest to target digital assets allegedly falling foul of US money laundering regulations
Disgraced FTX founder was media start-up’s biggest outside backer
Easing inflation and signs of slower rate rises by Federal Reserve help boost leading crypto token
Lender braced for ‘sustained period of lower deposits’ even as its faith in digital asset industry remains intact
FTX FTT WYD?
Without a comprehensive regulatory framework, all digital asset trades are equally dangerous
The huge undertaking of digital currencies is not worth the costs and risks
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