Scheduled for release from a halfway house on Wednesday, former Alameda Research CEO Caroline Ellison will have served 440 days in federal custody. Caroline Ellison, the former CEO of Alameda Research, is scheduled for release from federal custody after serving 440 days of a two-year sentence. According to inmate records with the Federal Bureau of Prisons, Ellison is expected to be released from the Residential Reentry Management field office in New York City on Wednesday, more than a year after she reported to prison in Danbury, Connecticut. The former Alameda CEO was one of three executives linked to the defunct cryptocurrency exchange FTX to serve prison time, along with former FTX CEO Sam “SBF” Bankman-Fried and former FTX Digital Markets co-CEO Ryan Salame. Read more
Bitcoin joined stocks in a relief bounce as US President Donald Trump hinted at new legislation "very soon" and a doubling of the Dow Jones. Bitcoin (BTC) sought a $90,000 reclaim around Wednesday’s Wall Street open as US President Donald Trump pledged to sign pro-crypto legislation. Key points: Trump breathes modest gains into BTC price action with his World Economic Forum speech. Read more
Crypto’s move into banks and state-backed systems is accelerating a clash between financial privacy and public ledger design, said Aleo’s Yaya Fanusie. Financial privacy is becoming the next structural battle in crypto, and neither governments nor the technology are fully prepared for mass digital surveillance or large-scale privacy. Institutional adoption of cryptocurrencies is accelerating, as more banks and payments companies test blockchain for settlements, but the technology itself exposes transaction data to the public. “What people are not comfortable with is having their transactions broadcast to the entire world,” Yaya Fanusie, head of global policy at Aleo Network and a former Central Intelligence Agency (CIA) economic and counterterrorism analyst, told Cointelegraph. Read more