Oct 31, 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories shaping the crypto industry today, including a look at the CoinDesk Market Index seeing four assets notch gains more than 40% on the week.

Video transcript

A massive single day hack and Bitcoin's white paper turns 15. You're watching coin desk daily. I'm your host, Jen Sani. All right, let's take a look at the markets. The coin desk, Bitcoin price XPX index is currently trading slightly down around $34,300. We're also taking a look at the coin desk market index which shows four assets saw gains of more than 40% on the week. Reddit's moons is up 127 percent moons more than doubled in value after losing 85% amid a Reddit announcement that it was shuttering its community points program, DFI exchange osmosis is up 48% and infrastructure protocol unify and distributed A I platform. Fetch A I are both 44% higher. Sam Bakeman Fried is facing day two of his cross examination on Monday, the FTX founder was grilled by a prosecutor who used Beman Fried's own words against him. Prosecutors drilled down on the core question of whether SPF lied to the public. Beman Fried said he did not remember telling FTX customers that his exchange was a safe place to trade, but the prosecution brought up Sam's alter posts on X including a 2021 post where he states in part as always our users' funds and safety come first hackers siphoned a total of $4.4 million worth of crypto from at least 25 last pass users. That's according to Blockchain analyst, Zack X BT. It happened on a single day. October 25th. Last pass is a platform that stores and encrypts password information for users. It's cloud based storage service was breached in an attack last year that involves targeting an employee and stealing their credentials 15 years ago. Today, the Bitcoin white paper came out authored by synonymous Bitcoin creator Satoshi Nakamoto. It was the first document to outline the principles of a trust list, peer to peer electronic payment system without going through a financial institution. That's a wrap for coin desk daily, get more updates on coindesk dot com and we'll see you next time.

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