Altcoins

Blockchain evidence shows that FTX’s FTT token combined with trading losses both hid and worsened the financial condition of Sam Bankman-Fried’s empire.

Plus, Congress is getting involved in the FTX saga and Elon Musk wants a new CEO for Twitter.

A 12-week test will look at whether a central bank digital currency that is limited to banks’ back-end transactions would make it faster and cheaper to settle.

The Caribbean island nation’s prime minister said that the country is looking into becoming the third nation, after El Salvador and the Central African Republic, to adopt a cryptocurrency.

A proposal making rounds in the European Commission would forbid financial institutions from handling privacy coins as part of a larger crackdown on anonymous financial transactions.

Although BTC had slightly recovered by Wednesday morning — trading at $18,317 — it's still plunged by 73.33% over the past 12 months.

After Elon Musk bought Twitter, it was always going to be a busy week on Crypto Twitter.

Bitcoin has risen by 4.4% over the past 24 hours at the time of writing. Ether's an even bigger winner — up 6.85% — while Binance Coin has risen 8.5%.

Seeming lukewarm about the idea, Binance's CEO noted that he would join the board only as a favor to Musk.

Less than a week after Elon Musk officially purchased Twitter, the dog memecoin is up over 150%.

It really happened. Elon Musk bought Twitter.

In a blog post, Wood admitted that being a CEO was a role he had never coveted — and having this position for a prolonged period of time would not give him "eternal happiness."

An article in the Financial Times features victims talking about "getting him" — with journalist Laura Shin raising concerns for the entrepreneur's safety.

It appears his continued presence was creating real problems for Roche Freedman, which was recently ejected from a market manipulation suit against Bitfinex and Tether.

One skeptic wrote: "Potentially first football player to get charged for promoting blatant crypto pump and dumps? Hope you enjoy bankruptcy and hurting your fans."

Apologizing for Terra's collapse, he adds: "I think the hardest thing about the current situation is having to contend with so much astronomical loss."

Back in April, Tesla's CEO contemplated whether DOGE should become a payment method for the premium Twitter Blue service.

MicroStrategy's exec chairman told the crypto skeptic: "Bitcoin is a commodity, not a security. Advocating a commodity is similar to promoting steel, aluminum, concrete, glass, or granite."