Crypto SWOT: Bitcoin waivers after a jump in bond yields dented demand for riskier investments

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itemprop=description content=(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Trust Wallet, rising 17.91%.

Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Trust Wallet, rising 17.91%.

Coinbase Global received a full license to operate as a digital payment token service provider in Singapore. Coinbase will take a “cautious” approach to growth and seek to have sustained a viable business both globally and in individual markets, writes Bloomberg.Of the cryptocurrencies tracked by CoinMarketCap, the worst performer for the week was Frax Share, down 10.68%.

Sam Bankman-Fried “lied to the world” as he built his cryptocurrency empire at FTX, telling only his friends and girlfriend the truth about what was happening, prosecutors said on the first day of a historic fraud trial. Nathan Rehn, an assistant U.S. attorney, painted a picture of the 31-year-old as a calculated criminal who used investor deposits at FTX as a personal bank account before the company collapsed a year ago, writes Bloomberg.

Tim Grant, the former head of crypto investor Galaxy Digital Holdings’ European business, is to spearhead a new investment and operating firm backing companies in areas including digital assets, fintech, and institutional capital markets, writes Bloomberg.All 15,000 ether sitting in a wallet associated with last year’s $600 million attack on FTX’s wallets have now moved through privacy tools and bridges.

 

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