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It's Frriiddaayyyy Folks! Yesterday, we learned that PayPal was going to make it possible to send funds to their Subsidary Venmo using PYUSD at no cost. Today, the news is swirling around FTX setting a deadline for claims and SBF not getting out of jail and a witness being denied. Bitcoin is trading down at $26,623.44. Let's get on with the news...
SUMMARY
Bitcoin Miners Offload $90M in BTC Post-Fed Meeting – What’s Next for the Price? Core Scientific seals $77M Bitmain deal for 27K Bitcoin mining rigs. Bitcoin mining can help reduce up to 8% of global emissions.
Ethereum core developers discuss if Dencun upgrade may be deployed early next year. JPMorgan says Ethereum's activity post-Shanghai upgrade has been 'disappointing.'
Bybit suspends UK operations in response to new Financial Conduct Authority's marketing regulations for crypto businesses.
The FCA says the vast majority of crypto firms in the U.K. have yet to reply to the regulator's questions regarding new standards set to come into effect.
In a new turn of events, the defunct crypto exchange platform FTX earmarked September 29, 2023, at exactly 4 PM ET as the final deadline for creditors registering their proofs of claims through the designated portal. Bankrupt crypto exchange FTX has opened a lawsuit against former employees of its Hong Kong affiliate company, Salameda, to recover $157.3 million; meanwhile, investors buy $250M of FTX claims. Sam Bankman-Fried’s attempt to get out of jail before the start of his trial next month was rejected by an appeals court; in addition, Bankman-Fried’s expert witnesses can’t testify, judge says.
BitBoy Crypto holds $80 million in XRP, yet asks community for donations.
WATCH
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Podcast of the Day: Why FTX Might Try to Claw Back Funds From Retail Customers | Unchained
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Regulation
- FCA (Decrypt)
Legal Cases
- FTX (CryptoPotato | Cointelegraph | TB | Cointelegraph)
- SBF (CoinDesk | Cointelegraph | TB | Blockworks | Cointelegraph | CoinDesk | TB)
Attacks/Hacks/Scams
- BitBoy (Finbold)
