Former CEO of Celsius Alex Mashinsky allegedly withdrew $10 million from the company’s account back in May, just weeks before the now-defunct crypto lending firm froze customer withdrawals, according to the Financial Times. A source close to the matter told the FT that “the withdrawal had been pre-planned and was linked to Mashinsky’s estate planning.” Leading up to the hefty…
Balcony DAO Is Fractionalizing Investment in a New Jersey Building as an NFT Balcony DAO co-founder John Belitsky tells Decrypt’s Dan Roberts at Chainlink SmartCon 2022 how Balcony DAO is fractionalizing real estate investment using NFTs starting with 20 Third Avenue in Long Branch, NJ, and why it’s waiting to launch its token as a registered security with the SEC.…
Brian Quintenz said he understands why the crypto industry isn’t happy with the Securities and Exchange Commission (SEC)—but doesn’t see regulation itself as the problem. The former CFTC (Commodity Futures Trading Commission) commissioner said the regulatory environment for crypto is cumbersome in its current form, and in an interview at Mainnet 2022, he told Decrypt why some are looking towards…
A hacker this morning returned 70% of the $23 million that was stolen from the decentralized exchange (DEX) Transit Swap on Saturday. The cross-chain DEX yesterday revealed that the hacker took advantage of a bug in its code, which the company identified in a self-review. “After a self-review by the Transit Finance team, it was confirmed that the incident was…
After the Ethereum network’s transition to proof-of-stake (PoS), staking Ether (ETH) now plays a central role in validating blocks and securing the network. However, some community members believe that the staking process is too difficult, especially for regular people. In the Ethereum subreddit, a member of the community raised the topic of ETH staking and its difficulties. According to the…
Central Bank of Russia has introduced digital assets, including the digital version of the Russian ruble, to the recently published draft of the new banking chart of accounts. In the future, financial institutions will be able to provide data about operations with these assets. Russian Banks to Record Digital Currencies as Assets in Their Accounting Books The Central Bank of…
Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood. After sealing a weekly close just inches above $19,000, the largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system. Last week proved a testing time for risk asset investors, with gloomy economic data flowing from the…
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to 750 per dollar in October. Foreign Exchange…
Sega, one of the largest Japanese gaming companies, has announced that it will launch its first blockchain game in collaboration with Double Jump Tokyo, another Japanese development company. The game, which is based on Sega’s Sangokushi Taisen franchise, will be built using Oasys, a Japanese scaling-focused project, to support its blockchain elements. Sega to Launch First Blockchain Gaming Project Sega,…
Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad has called Bitcoin, silver and gold a “buying opportunity” amid the strengthening United States dollar and continued interest rate hikes. In an Oct. 2 Twitter post to his 2.1 million followers, the author noted the prices of the three commodities — sometimes referred to as “safe haven” assets —…
