Crypto

A new tidbit about the prediction markets startup from last week’s issue of Command Line:

Bernie Moreno, an Ohio car dealer and blockchain entrepreneur, unseated Sen. Sherrod Brown (D-OH) with a little help from his friends.

As the vote count increasingly points toward Trump, who courted the crypto industry throughout his campaign, the price of Bitcoin has hit a new all-time high of over $74,000.

Forbes reports on “evidence of rampant wash trading on Polymarket,” a prediction market site backed by Peter Thiel’s Founders Fund. Wash trading is a form of market manipulation. “The suspicious activity on Polymarket raises questions about the accuracy of the site,” Forbes writes.

Singh, now the fourth FTX executive to be sentenced after Sam Bankman-Fried, Caroline Ellison, and Ryan Salame, will receive three years of supervised release.

Its $15 million funding round was led by Blockchain Capital, a venture capital group that has invested in crypto firms, like Kraken, OpenSea, and Coinbase. Despite this, Bluesky says it’s not changing its stance on blockchains:

Sam Altman’s eyeball-scanning crypto startup announced a shorter name and a new scanning orb today at an event, as reported by Axios. You can watch a replay of the event on YouTube.

Here’s his LinkedIn update about prison!

Following a lengthy bankruptcy process, FTX says 98 percent of customers who lost assets in the collapsed crypto exchange will receive their money back within 60 days. Delaware Judge John Dorsey called the outcome a “model case for how to deal with a very complex Chapter 11 proceeding.”

Crypto businesses keep accidentally hiring IT workers from North Korea. This is a problem because it is, first of all, against US law but second, “CoinDesk encountered multiple examples of companies hiring DPRK IT workers and subsequently getting hacked.”

Nike is moving on from CEO John Donahoe less than a week after Bloomberg published its unflatteringly-titled profile of his four-year tenure.

Sam Bankman-Fried’s lawyers argue that Judge Lewis Kaplan unfairly limited the evidence that was allowed in court, including that Bankman-Fried had relied on lawyers in making his decisions. Also stealing all that money wasn’t really that bad because his victims were eventually repaid.

Trump will roll out “World Liberty Financial” on X Spaces, at 8pm ET on September 16th.

Tigran Gambaryan, a compliance officer at crypto giant Binance, has been detained in Nigeria since February on charges of tax evasion and money laundering. In March, Binance founder Changpeng Zhao was sentenced to four months in prison in the US.