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Web3-Powered File Management App Raises $1.5M to Offer Alternative to Google

Fileverse offers a decentralized file management and collaboration service, an alternative to centralized providers such as Google or Notion.

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Author: Krisztian Sandor

When Bankruptcy Regulates Crypto: The Good, the Bad, and the (Really) Ugly

In the absence of specific policy, U.S. regulation of crypto has devolved to judges in bankruptcy proceedings, say Yesha Yadav and Bob Stark.

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Author: Yesha Yadav, Robert Stark

How African Students Became Victims of FTX’s Collapse

“We saw an exchange that was supposedly better than every other one we had used, so we let a lot of family and friends get involved with the FTX platform,” FTX Africa’s former education lead Pius Okedinachi told CoinDesk.

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Author: Dilin Massand

The Sam Bankman-Fried Trial Is Revealing Crypto’s Amateur-Hour Ways

Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX.US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried. Rather, these investors and lenders looked at unaudited financial statements and spoke with the executives at these companies to determine critical pieces of information like FTX’s cash flow, its liabilities, its current assets and net asset value.

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Author: Nikhilesh De

BitGo Buys Crypto Wealth Management Platform HeightZero

HeightZero handles portfolio rebalancing, statement generation, tax loss harvesting and automated billing for crypto clients.

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Author: Ian Allison

Binance.US Halts Direct Dollar Withdrawals

Dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use.

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Author: Sandali Handagama

First Mover Americas: FTX Proposes Returning Up to 90% of Customer Funds

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Author: Lyllah Ledesma, Omkar Godbole

Ripple VP: The Policy Considerations ‘Justifying the Implementation of CBDCs’

Central bank digital currencies have nearly limitless opportunity but ultimately, mainstream adoption hinges upon usability, Ripple Vice President James Wallis writes.

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Author: James Wallis,

Pennsylvania Lawmaker Scraps Crypto Mining Ban to Advance Energy Conservation Bill

The state’s Environmental Resources and Energy Committee accepted the amended bill on Monday by a slim margin.

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Author: Sandali Handagama

Banks Must Disclose Crypto Exposures, Global Regulator Says

The guidance will ensure transparency and market discipline, the Basel Committee on Banking Supervision said

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Author: Jack Schickler


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