The self-custody of Bitcoin, Ethereum, and other cryptocurrency assets is grabbing much more attention ever since Sam Bankman-Fried’s FTX exchange unexpectedly blew up a couple of weeks ago in a whirlwind of drama. Users of the former third-largest exchange have no idea if they will ever get their money back. With this in mind, many users are deciding to no…
Blocknative CEO Matt Cutler at 0xpo Crossroads Blocknative’s Matt Cutler sat down with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco on November 3 to tell his Web3 origin story and Blocknative’s business—plus misconceptions in the crypto space. Source: https://decrypt.co/videos/live-events/uelkvd51/blocknative-ceo-matt-cutler-at-0xpo-crossroads
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity crunch.” CFTC’s Meetings With FTX and Sam Bankman-Fried The chairman of the Commodity Futures…
The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3. In November, Instagram announced that creators would soon have the functionality…
On Dec. 2, NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey into bridging his in-real-life artwork into NFTs and how he cultivates the community and culture that surrounds it. Solomon’s work centers around basketball, not just the object, but the sport itself. For Solomon, the inspiration for his work comes from his…
A judge with the Seoul Southern District Court has reportedly set aside arrest warrants for Terra co-founder Shin Hyun-seong along with those of 3 Terra investors and 4 developers. According to an Dec. 3 report from South Korea’s Yonhap News Agency, Judge Hong Jin-Pyo said there was little risk of Shin or the Terra associates destroying evidence related to the…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The FTX contagion that started in the second week of November is still haunting various crypto protocols in the DeFi ecosystem. The latest to fall prey to the contagion includes the Solana-based decentralized exchange…
In an announcement sent to Cointelegraph, the firm stated that it has partnered with Alteon LaunchPad to let beginners in Web3 or the NFT space easily mint NFTs. With the integration, users will be able to access a feature that lets them drag and drop media files into the browser, which writes a smart contract and uploads the file into…
Liquidators for collapsed crypto hedge fund Three Arrows Capital (3AC) today said they seized $35.6 million in cash held by the failed firm in Singaporean banks. They also managed to recover a couple million more from token sales, and want clearance from a court to get $30 million from the sale of the firm’s “Much Wow” superyacht. In a Friday…
On Dec. 2, the United States dollar index (DXY), an index that measures the dollar’s strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 months. To recap, the U.S. dollar’s weight against the basket of top foreign currencies grew by 19.6% in 2022 until late September as investors looked for protection…
