DBS, the largest bank in Southeast Asia, says that it has benefited from the recent crypto market sell-off. The trading volume of its crypto exchange nearly doubled in July, compared to April. The quantity of bitcoin bought on its exchange grew nearly four times during that time period. DBS Crypto Customers Bought the Dip DBS, the largest bank in Southeast…
YouTube crypto commentator Ben Armstrong, who brands himself as BitBoy Crypto, announced Wednesday that he was dropping his lawsuit against Erling Mengshoel Jr., a.k.a. Atozy, because he never intended it to be made public. “I guess I didn’t understand that my name is now so big that if I file a lawsuit, it will be found and made public,” he…
Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States? Tokens related to cryptocurrency games — known colloquially as “GameFi” — were worth a cumulative total of nearly $10 billion as of mid-August, give or take a few billion. (The number may vary depending on whether you want to include…
In brief The Ethereum Foundation has boosted its rewards for bugs discovered in code related to the upcoming merge. “Critical bugs” disclosed to the network’s developers could net a bug bounty of up to $1 million, up from $250,000. Ethereum’s long-awaited “merge” event is right around the corner, finally shifting the network away from its energy-intensive mining model. It’s years…
Sam Trabucco, co-CEO of private equity firm Alameda Research, stepped down from his role Wednesday. Trabucco’s co-CEO Caroline Ellison will continue on as Alameda’s sole CEO. In a lengthy Twitter thread “on happiness,” Trabucco shared the news that he would be leaving Alameda after months of gradually reducing his responsibilities at the firm. “I can’t personally continue to justify the…
This is an opinion editorial by Marco Streng, CEO of Genesis Digital Assets, one of the world’s largest industrial-scale bitcoin mining companies. We can put some hard numbers behind the growth of the cryptocurrency mining industry — a current market size of $2.29 billion, a CAGR of 28.5%, forecast to reach $5.29 billion by the end of 2028 — but…
Following the federal judge’s decision to give the accused Bitfinex money launderer Heather Morgan permission to “engage in legitimate employment,” Morgan has broken her silence on social media. Morgan’s Twitter account dubbed “Heather ‘Razzlekhan’ Morgan” is verified on Twitter and her latest tweet insists that she does not endorse any crypto or NFT project bearing her name. Heather Morgan Insists:…
Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchange founder Sam Bankman-Fried in 2017. In a long thread titled “On Happiness,” Hong Kong-based Trabucco said his appointment as…
In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the cross-border payment of services across Europe. The European Central Bank’s (ECB) investigation into the plausibility of the…
Coinbase has launched a new asset in which Ether tokens are staked and wrapped through the crypto exchange. In a Wednesday announcement, Coinbase said it will be listing Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network as an ERC-20 token, allowing customers to use their staked Ether (ETH) while earning rewards on the exchange. According to its website, users…
