Lyn Alden on Why the Dollar System No Longer Serves the US or the World

For months, Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, have stood at their son’s side as he faced multiple federal charges of fraud, money laundering and campaign finance violations related to the collapse of FTX.This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond.

Sep 25, 2020 at 11:33 UTC(Markus Winkler/Unsplash)Earlier this week stablecoin issuers received a reassuring message from some of the top U.S. financial regulators: parking your fiat reserves in banks is a-okay. On Monday, the Comptroller of the Currency (OCC), under the U.S. Department of the Treasury, issued official guidance declaring that national banks and federal savings…

Oct 28, 2020 at 14:31 UTCBitcoin has pulled back sharply from 16-month highs reached early Wednesday alongside heightened coronavirus-induced risk aversion in global stock markets.At the current price of $12,980, the top cryptocurrency by market value is down over 5% on the day and 7% from the Asian session high of $13,857. That was the…

news A blockchain startup is bringing the fight for free speech to the domain level. Unstoppable Domains announced Thursday a $4 million Series A led by venture capital firm Draper Associates. Boost VC, which led the startup’s seed round, was the only other participant in the Series A. “For global free speech to work, you…

news Tyler and Cameron Winklevoss’ Gemini crypto exchange just added off-chain and over the counter trade negotiations on its platform. The features come via Gemini Clearing, an electronic settlement system. According to the firm’s blog posting, Gemini Clearing allows Gemini accounts to negotiate and settle trades between Gemini accounts. “Such trades can either be arranged…

There was a moment on Monday where an assistant U.S. attorney needed to ask FTX founder Sam Bankman-Fried if he was the chairman and sole board member of Alameda Research, while showing him a document that he signed, which literally identified him as the chairman and sole board member. And Sam's response was he did

Casey Rodarmor is not starving, but he is an artist. And like many intellectuals, he cuts a decisive figure. It's not that Rodarmor is looking to anger; he simply found something that he thought needed doing. Unfortunately, many of his contemporaries have simply not caught up.If you're not up to speed: This year, Rodarmor, a

news Bitwage, a startup that helps companies pay their employees in cryptocurrency, has added ether as a payroll option. Announced Monday, companies that want to offer tax and HR-compliant ether benefits can sign up to offer it as a benefit to employees. The company has been providing direct deposits of bitcoin since 2014, and serves over…

Hundreds of wallets linked to the seized $4.2 billion PlusToken Ponzi scheme have begun moving thousands of ether (ETH), raising concerns about potential market pressure. The movement of funds, totaling approximately 2,800 ETH, was tracked from dormant wallets to a single wallet, with the origin traced back to a wallet involved in a $2 billion