Bitcoin’s (BTC) value proposition continues to be a source of confidence for investors and proponents amid prevailing depressed market conditions for the wider cryptocurrency space. This was a key takeaway from in-depth interviews with Bitcoin developers, advocates, analysts and influential figures during the Bitcoin Amsterdam conference hosted at Westergas in Oct. 2023. Jameson Lopp, CEO…
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The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform. Coinbase has suspended 80 non-USD trading pairs, including those with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat currencies like the euro. Announcing the news on Oct. 16, Coinbase said that the trading…
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British citizens who hope to access legal assistance through the proposed “Help with Fees” (HwF) scheme will not have cryptocurrency holdings classified as disposable income. The United Kingdom’s Ministry of Justice published its response following public consultation over its proposed legal aid scheme to provide equal access to the justice system. HwF aims to provide financial…
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The Bank of Canada published a staff note on decentralized finance (DeFi) on Oct. 17, assessing the innovations that made it popular and the challenges and risks associated with its use. The staff note described DeFi as a multi-layered structure, with the Ethereum blockchain serving as the bottom layer (or settlement layer). Developers construct a variety…
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Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears. In an Oct. 17 hearing, three judges from the United States Court of Appeals for the Ninth District appeared largely unpersuaded by the arguments from the attorney representing Ripps…
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Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors. On Oct. 17, FTX debtors said they reached a “major milestone” in their Chapter 11 case after…
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A Pennsylvania House Representative has cut a two-year crypto mining ban from their bill to regulate the sector’s energy consumption claiming trade labor unions pressured the change. On Oct. 16, the Pennsylvania House Environmental Resources and Energy Committee passed the Cryptocurrency Energy Conservation Act by a slim margin — 13 for and 12 against —…
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The administration of New York City Mayor Eric Adams released a plan for the adoption and regulation of artificial intelligence (AI) within the local government, along with a new integration into city applications. On Oct. 16, the administration released an update saying it is developing a framework through which city agencies can “carefully” evaluate AI…
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Nishad Singh, the former engineering director at now-defunct crypto exchange FTX, has reportedly said he “hopes for no jail time” as part of an agreement with prosecutors. According to reports from the criminal trial of Sam “SBF” Bankman-Fried on Oct. 16, Singh revealed details about his deal with the United States Justice Department which had…
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On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX’s co-founder and CEO, Sam “SBF” Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to the entire crypto industry, but the two conspiring to…
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