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Ex-Mobster Shares His Take on SBF
Former New York gangster Gene Borrello recently spoke out in an interview with crypto blogger Tiffany Fong. During the conversation, he opened up about his time in prison with Sam Bankman-Fried, sharing his impression of the crypto community's most talked-about inmate. 
NYDFS wants to increase transparency from cryptocurrency companies operating in the state, particularly in their processes for listing and delisting cryptocurrencies.
The new framework will require firms to develop their coin-listing policies in three key areas: governance for the coin-listing process, risk assessments of coins, and procedures for monitoring coins.
The framework will also require firms to provide detailed information on their criteria and decision-making process for delisting a coin.
The proposed legislation is open for public comments and will remain so until October 20th. 
Apple has reportedly shelled out $5 million to secure the rights to Michael Lewis' upcoming book on Sam Bankman-Fried (SBF), the former CEO of FTX.
The book, titled "Going Infinite: The Rise and Fall of a New Tycoon," is set to launch on October 3, coinciding with the start of SBF's criminal trial in New York.
A documentary is also in the pipeline, directed by Nanette Burstein, known for her work on crypto evangelist John McAfee and Hillary Clinton. 
OpenSea Head of Product Receives Prison SentenceNate Chastain has been sentenced to three months in prison for engaging in insider trades that amounted to $50,000.
Chastain, aged 33, was found guilty of fraud and money laundering in a federal court in New York in May. This case marked the conclusion of what prosecutors deemed the first significant NFT insider trading case.
Chastain profited by purchasing and selling at least 45 NFTs he was aware would be featured on OpenSea’s homepage.
U.S. Attorney stated, “Today’s sentence should serve as a warning to other corporate insiders that insider trading – in any marketplace – will not be tolerated.” 
US District Judge Analisa Torres in New York had previously indicated that XRP sales to sophisticated investors fulfilled the criteria for an investment contract under federal securities law
However, this characterization didn’t extend to programmatic investors, which pertains to the general public buying crypto through exchanges. 
The study also revealed that 1 in 3 New York residents views cryptocurrencies as a potential contributor to a more equitable financial system and a valuable investment for the future.
The report highlighted the growing adoption of cryptocurrencies within New York, making the state a hub for diverse blockchain initiatives.
It pointed out the existence of 692 blockchain organizations and over 800 founders located in the state of New York. 
Sam Bankman-Fried’s Former Friends Share Startling Testimonies
Sam Bankman-Fried, the founder of the bankrupt crypto exchange FTX, is currently on trial in New York. He is charged with seven criminal counts, including wire fraud, securities fraud, and money laundering. If convicted, Sam could face a life sentence. 
The FTX founder, Sam Bankman-Fried, has publicly declared his innocence. He responded to charges of fraud, money laundering, and recent allegations concerning breaches of election campaign finance laws.
He articulated his defense on August 22nd in the Southern District Court of New York. 
The ex-CEO of FTX will now be detained in a New York jail until his court hearings are complete.
The revealing of snippets from Caroline Ellison's diary to The New York Times, viewed as potential witness tampering, significantly impacted the verdict.
Additionally, he has reportedly breached house arrest guidelines by accessing VPN and Signal. 
Salvator Mundi, attributed to Leonardo da Vinci and famously sold for $450.3 million at Christie’s New York, is set to be transformed into a NFT.
The digital tokenization of this controversial artwork, depicting Christ with a crystal orb, will be carried out by ElmonX, a digital assets platform, in collaboration with Bridgeman Images, an international image licensing company.
The terms of the NFT sale are scheduled to be revealed on August 12.
This initiative follows the successful NFTization of renowned artworks such as Mona Lisa, Van Gogh’s Starry Night, , Auguste Rodin’s The Thinker, and Claude Monet’s Nymphéas, each created in partnership between the two entities.
A total of 330 editions of the Mona Lisa were sold for £150.00 each. 
A federal judge overseeing the criminal case against Sam Bankman-Fried is set to review the possibility of revoking the former FTX CEO’s $250 million bail following allegations of intimidation against Caroline Ellison.
Additionally, federal prosecutors in New York have requested that Sam Bankman-Fried be jailed before his scheduled October trial.
At a hearing in Manhattan federal court, prosecutor Danielle Sassoon argued that “no set of release conditions can ensure the safety of the community.”