đ¨ Sam Bankman-Fried Found Guilty on All Counts
In this edition we explore SBFâs conviction, ShareRing in the UK, SafeMoon fraud charges, the Monero hack and more.

In this edition we explore SBFâs conviction, ShareRing in the UK, SafeMoon fraud charges, the Monero hack and more.
âď¸ Sam Bankman-Fried Found Guilty
The Sam Bankman-Fried trial came to a conclusion on November 3rd. After only a few hours of deliberation, the federal jury found SBF guilty on 7 counts of fraud and conspiracy. While SBFâs sentence has not yet been determined, these charges carry a maximum sentence of 110 years total. Following the conviction, SBF and his lawyers continued to declare his innocence.

đŹđ§ ShareRing Trusted Digital Service Provider in UK
ShareRing, a digital identity blockchain company, has been certified in the UK under the âDigital Identities and Attributes Trust Frameworkâ (DIATF). In its announcement, the company expressed enthusiasm over the news, stating that it âmarks a significant advancement in ShareRingâs technology and reaffirms the companyâs commitment to reusable digital identity authentication in a secure and private environmentâ. The accreditation allows ShareRing to offer digital ID authentication and ID verification for land registration processes in the UK.

đ SEC charges SafeMoon Executives with Fraud
On November 1st, the U.S. Securities and Exchange Commission revealed multiple charges levelled at SafeMoon and three executives linked to the SafeMoon token. Founded in 2021, SafeMoon is a cryptocurrency and blockchain company that promotes the web3 movement for âeveryone.â SafeMoon responded to the accusations on X (formerly Twitter), saying that they take the news âextremely seriouslyâ and that they will address concerns.
đ¤ Renegade and Cointelegraph Collaboration
Cointelegraph Accelerator, a program that provides marketing advice, media products and mentorship to Web3 startups, has taken on the decentralized exchange, Renegade. Renegade bridges TradFi and DeFi by offering an easy-to-use interface with a visa on-ramps, payment solutions, account and personal finance management and Web3 functions. Renegade announced the collaboration on X, adding âGet ready for groundbreaking innovationsâ.
đRenegade is thrilled to be part of the @Cointelegraph Accelerator Program! đ
â Renegade (@renegade_app) October 30, 2023
We're one of the 16 selected startups shaping the future of Web3 in areas like DeFi, fintech, and GameFi. Partnering with Cointelegraph gives us access to top-notch marketing strategies, media⌠pic.twitter.com/L4pGQU3EDG
đ¸ Monero Funds Lost
Monero experienced a security breach that resulted in the loss of 2,675 XMR (almost $460,000 USD) from their community crowdfunding wallet. The loss reportedly occurred on September 1st but was not revealed until November 2nd. A Monero developer, who goes by Luigi, announced on Github that the source has not yet been identified. Meanwhile, Riccardo Spagni, another developer, commented that it may be linked to ongoing attacks that theyâve seen since April. Monero launched in 2014 and is one of the original privacy coins.

đ N+1 Recommendations
The N+1 reading and media recommendations are sourced from our team of experts and offer weekly suggestions for learning more about blockchain, crypto, finance and technology.
This weeks recommendation:
Exploring the economic, social and environmental impacts of Bitcoin. Building a better economy for tomorrow, one block at a time.
By Zac Guignard
Check out the latest article: Bitcoin is Trending Toward Perfect Competition

đCharts of the Week
𤊠This Week on Crypto Twitter
NFTs in The Simpsons đ
â nft now (@nftnow) November 6, 2023
Are we so back? pic.twitter.com/P4GaXIR8oh
1/ There was a much more important fraud than SBF's embezzlement that took place in 2022. It was a fraud (allegedly) perpetrated by one of the oldest companies in the space, @DCGco and its CEO, @BarrySilbert.
â Vijay Boyapati (@real_vijay) November 6, 2023
Time for a thread đ
The people whoâve argued that the SEC got a 50-50 victory in the @Ripple case are đŻ wrong. It was more like 90-10 in Rippleâs favor. If Ripple ends up paying $20M or less itâs a 99.9% legal victory. https://t.co/Xe6SYBiTCJ
â John E Deaton (@JohnEDeaton1) November 4, 2023