Bankman-Fried's Trial Nears Conclusion, Valkyrie Amends Bitcoin ETF filing, Bitcoin Whitepaper Turns 15
Summary:
The criminal trial of Sam Bankman-Fried, who faces charges for his alleged role in defrauding investors, is nearing its conclusion, with verdict expected next week. Meanwhile, crypto asset management firm, Valkyrie adjusts its filing for a Bitcoin ETF with U.S. regulators. Additionally, the Bitcoin whitepaper, which introduced the revolutionary peer-to-peer electronic cash system, celebrates its 15th anniversary.
The criminal trial of Sam Bankman-Fried is nearing its end, with the final statements scheduled for Nov. 1. In related news, Valkyrie, the crypto asset manager, altered its Bitcoin ETF submission and the Bitcoin white paper marked its 15th anniversary. Bankman-Fried's case is set to wrap up after Judge Lewis Kaplan dismissed the defense's plea for exoneration. The case will proceed to final arguments after lawyers decided against bringing in more witnesses. Prosecutor Danielle Sassoon from the Southern District of New York asked Bankman-Fried about his thoughts on appropriating $8 billion from FTX users. Bankman-Fried, who pleaded not guilty to all charges, faces another five charges to be handled in a separate trial in March.
Valkyrie Investments updated its Bitcoin ETF filing with US security regulators. The revised form S-1 registration statement for the Valkyrie Bitcoin Fund provides investors a chance to invest in shares supported by Bitcoin. Valkyrie mentioned in the application that the disclosure is subject to change and BRRR securities cannot be sold until the registration form is approved. The revision was made after the SEC postponed its decision on the Valkyrie Bitcoin Fund.
Today commemorates 15 years of the Bitcoin white paper shared by its creator, Satoshi Nakamoto. He introduced a new electronic cash system that is entirely peer-to-peer, eliminating the need for a reliable third party. The white paper proposed a decentralized approach for peer-to-peer transactions to resolve the recurring issue of "double spending" in digital currency. The proposal suggested using nodes for the validation and logging of transactions via a proof-of-work consensus mechanism.
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Published At
10/31/2023 7:33:46 PM
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