The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves.

Tether today releases its attestation for Q3 /2023.- cash & cash equivalent portion of reserves is all time high at 85.7%, yielding ~$1B

– US T-bill (direct and indirect) exposure at $72.6B- reduced secured loans by $330M- investments in energy, bitcoin mining and P2P tech… pic.twitter.com/ibKJRPlBAg

— Paolo Ardoino (@paoloardoino) October 31, 2023

According to the report, $56.6…

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The ongoing criminal trial involving FTX founder Sam Bankman-Fried (SBF) will move into closing arguments on November 1. 

On Day 15 of the SBF trial, lead defense attorney Mark Cohen’s request for acquittal was denied by presiding judge Lewis Kaplan. Instead, the case will move to closing arguments from both sides at 9:30 a.m. ET (1:30 p.m. UTC) on Nov. 1, with all evidence discovery concluded. Attornies from both sides declined to call any further witnesses. 

SBF has pleaded not guilty to all seven fraud-related charges in his criminal case, but is expected to face five more counts in a second trial scheduled to start in March 2024, including the alleged $150 million bribe of a Chinese…

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Sam Bankman-Fried’s criminal trial, where he faces seven federal counts of fraud and conspiracy, is coming to a close. 

The jury heard the last of the evidence Tuesday morning, and now all that’s left is some final quibbling between counsel and closing arguments. 

After subjecting their client to two-and-half days on the witness stand, the defense rested its case Tuesday, and the government declined to put on a rebuttal. In his final hours under oath, Bankman-Fried gave the jury more of the same: a relatively muted tone, sparse eye contact and lots of details he was never asked to give.  

“Look, Mr. Bankman-Fried,” Judge Lewis Kaplan started, continuing on to remind the…

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Anyone who’s ever listened to or participated in a “roast” knows the fine line between innocuous observation and painful truth is often crossed, even when the jabs are delivered in a friendly manner. 

And few are more sensitive to clever digs than the most dedicated crypto community members — often exhibiting passionately blind loyalty to their selected blockchain tribe.

So it was with some trepidation that Superteam founding member Kash Dhanda and Framework Ventures principal Brandon Potts stirred up a few frank critiques for a Solana “roast” on the Lightspeed podcast (Spotify/Apple).

“If you’re trying to get me in trouble, I’ve got a few ideas,” says Dhanda as he…

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Coinbase is likely to reveal this week that economic challenges persisted in 2023’s third quarter, though potential positive regulatory developments could ultimately offer tailwinds for the company.  

Executives are set to report the company’s latest quarterly financial results Thursday. Coinbase suffered quarter-over-quarter declines in trading volumes and net revenue from April to June, as previously disclosed.

Read more: Coinbase’s situation ‘tenuous’ despite ‘better than feared’ Q2 results

Despite those second-quarter weak points, the exchange’s adjusted EBITDA — earnings before interest, taxes, depreciation and amortization — remained positive for a second…

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Fifteen years ago today, Satoshi Nakamoto — whose true identity remains a mystery — published their seminal white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”

Spanning just nine pages, this document offered up a blueprint that reimagined the way we perceive and transfer value in a digital age. It delved into the intricacies of cryptographic hashing, the architecture of blocks and the timing mechanisms that would be used to sustain them.

One of the white paper’s main innovations was its proposed proof-of-work system. While not Satoshi’s invention, its application in the context of a decentralized cryptocurrency was novel. Building upon ideas like Adam…

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The members of a community of any type want to feel like they’re involved, connected and part of something that’s genuinely unique and valuable. That’s certainly true of the communities that support nonfungible token projects. 

And it’s not just about a “warm and fuzzy” feeling. A healthy, engaged community can not only provide valuable feedback and long-term investors for NFT project leaders, but its members can also generate buzz, leading to increased demand and, optimally, driving up the value of their investments. Through their own initiatives, they can even grow the project’s ecosystem.

Without a doubt, creative and conscientious NFT project leaders who work to foster…

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