Fun

News Feed - 2023-10-28 04:10:40

Turner Wright4 hours agoLawyer questions Sam Bankman-Fried on his political donations at trialThe former FTX CEO reportedly said the donations made in his name came from “loans from Alameda Research” as part of efforts to influence U.S. regulations on crypto.1008 Total views21 Total sharesListen to article 0:00NewsJoin us on social networksSam “SBF” Bankman-Fried’s defense attorney Mark Cohen heard testimony from the former FTX CEO on his relationship with Caroline Ellison and political donations from the crypto exchange.


According to reports from the courtroom on Oct. 27, Bankman-Fried claimed not to have discussed donations to U.S. politicians with former FTX engineering director Nishad Singh and former FTX Digital Markets co-CEO Ryan Salame. SBF reportedly said the donations made in his name came from “loans from Alameda Research” as part of efforts to influence U.S. government’s policies on regulating crypto.“I thought policy was important. Congress and the executive branch… Some were [supportive of] FTX for cryptocurrency lobbying. Some, not most.”


Cohen also posed more personal questions seemingly unrelated to the allegations SBF was facing in court. The defense lawyer asked Bankman-Fried what led to the end of his relationship with Ellison.


“She wanted more than I could give,” the former FTX CEO reportedly said, referring to Ellison. “It wasn’t the first time with me.”


During her testimony, Ellison said the relationship ended, as SBF “wasn’t spending much time” with her. Cohen asked the former FTX CEO the reasons behind his style, with SBF replying his hair was the result of him being “lazy,” while he found wearing shorts and T-shirts on most occasions “comfortable.”


Related:Sam Bankman-Fried trial moves to final stages


In earlier testimony on Oct. 27, the former CEO reportedly denied defrauding FTX users by directing efforts at Alameda allowing the firm to use customer funds. Former FTX chief technology officer Gary Wang and others offered testimony claiming SBF had given Alameda the ability to trade more funds than it had available.


Bankman-Fried’s testimony will likely end by early next week following cross-examination by attorneys with the U.S. Department of Justice. Barring addressing any motions or legal hiccups, the court will then likely instruct the jury to deliberate on the seven criminal charges. 


Magazine:Can you trust crypto exchanges after the collapse of FTX?# Trial# Court# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRead moreWill Sam Bankman-Fried fix his case when he takes the stand?How Google’s AI legal protections can change art and copyright protectionsFTX used Python code to fake its insurance fund figure — Gary Wang

News Feed

California DMV building blockchain on Avalanche for title transfers
Alex O’Donnell5 hours agoCalifornia DMV building blockchain on Avalanche for title transfersThe DMV has successfully digitized 42 million car titles on the Avalanche blockchain.1246 Total views1 Total sharesListen to a
Turner Wright6 hours agoVitalik Buterin calls X’s Community Notes an example of ‘crypto values’The Ethereum co-founder said the algorithm behind X’s tool to rate content as helpful and provide context was “surp
EU markets will pave the way for first Ether staking ETF: dYdX CEO
Zoltan Vardai10 hours agoEU markets will pave the way for first Ether staking ETF: dYdX CEOWhile the US markets are not yet prepared for an Ether staking ETF, the European markets might lead the way by introducing the fi
Gareth Jenkinson10 hours agoChainlink hits Ethereum layer-2 Arbitrum for cross-chain DApp developmentChainlink’s CCIP protocol has launched on Ethereum layer 2 Arbitrum One to help developers build cross-chain decentra
Buying Bitcoin and Ether Just Got Easier in Honduras With Cryptocurrency ATM
Buying Bitcoin and Ether Just Got Easier in Honduras With Cryptocurrency ATM A cryptocurrency ATM has been installed in Honduras where users can buy bitcoin and
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Co
Riot Blockchain Buys 15,000 Antminers, Operation Will Command 37,640 Bitcoin Miners
Riot Blockchain Buys 15,000 Antminers, Operation Will Command 37,640 Bitcoin Miners Publicly listed firm Riot Blockchain has announced the company is purchasing
Bitcoin Taker Sell Volume Plunges: Is BTC Gearing Up for a Major Rebound?
Este artículo también está disponible en español. Bitcoin has experienced a rollercoaster start to the week, briefly dipping below the $100,000 mark in the early hours of
Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions
Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions Bank of Russia has recommended commercial banks pay heightened attention to their clients’
Coinbase CEO Rebuffs Dogecoin Co-Founder Statements: ‘Crypto Is an Alternative for People Who Want More Freedom’
Coinbase CEO Rebuffs Dogecoin Co-Founder Statements: "Crypto Is an Alternative for People Who Want More Freedom" Brian Armstrong, CEO of Coinbase, took to Twitte
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000, Is 55% Below Its Record High
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000, Is 55% Below Its Record High Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to
Optimism to roll out new Superchain features for layer-3 devs
Martin Young5 hours agoOptimism to roll out new Superchain features for layer-3 devsThe layer-2 Ethereum scaling provider wants to onboard developers to build layer-3 DApps on its Superchain.1849 Total views9 Total share