Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion on DeFi’s future among market dynamics, cyberattacks and regulatory uncertainty. Source: https://cointelegraph.com/news/p2p-financial-systems-panel-crypto-core-values-and-transparency-are-critical-for-defi
Month: December 2022
US Senate committee hearing on FTX fail brings gaps in regulatory authority to light
CFTC chair Rostin Behnam appeared before a Senate Agriculture Committee to talk about how FTX happened and how it could have been prevented. Source: https://cointelegraph.com/news/us-senate-committee-hearing-on-ftx-fail-brings-gaps-in-regulatory-authority-to-light
Solana Soars, Flow Falls as NFT Market Declines Further in November
In brief Overall NFT trading volume dropped about 8% in November, while the total number of NFTs sold dipped 23% compared to October. Solana trading volume rose after a weakened October, while NFT trading on Flow fell by over 50% following a 60% drop the previous month. Turmoil across the cryptocurrency market in November spilled into the NFT space, with…
MATIC attack: How smart crypto traders “got out” before a 35% price drop
Polygon (MATIC) and Green Satoshi Token (GST) provide the perfect examples of how quant analysis can help cryptocurrency investors shield themselves from volatile markets. Source: https://cointelegraph.com/news/matic-attack-how-smart-crypto-traders-got-out-before-a-35-price-drop
Clearing company tests out securities transaction settlements on blockchain networks
The Digital Dollar Project and the Depository Trust & Clearing Corporation trialed a potential settlement system using tokenized securities and CBDC in real world conditions. Source: https://cointelegraph.com/news/clearing-company-tests-out-securities-transaction-settlements-on-blockchain-networks
Former FTX CEO Sam Bankman-Fried denies "improper use" of customer funds
According to the former CEO, at the time of filing for bankruptcy “FTX US was solvent.” Source: https://cointelegraph.com/news/former-ftx-ceo-sam-bankman-fried-denies-improper-use-of-customer-funds
NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
The New York State Department of Financial Services, or NYDFS, has proposed a regulation which would allow the government department to assess supervisory costs from licensed crypto firms operating in the state. In a Dec. 1 announcement, NYDFS Superintendent Adrienne Harris opened the proposed budget measure for public comment. The regulation, if approved, would grant the department the authority to…
The Inaugural Crypties Awards: In Pictures!
Artists, builders, investors, and thought leaders of the crypto world convened at Faena Forum in Miami on Wednesday for the inaugural Crypties Awards Gala, where Decrypt Studios recognized achievements in the blockchain ecosystem. Nearly 4,000 people voted for the awards in the token-gated process. At the private VIP event, guests were entertained by emcee Josh Ostrovsky, aka @TheFatJewish, and enjoyed…
Politicians Are Giving Back Their Donations From Disgraced FTX Founder
U.S. politicians, many of them Democrats, have been very publicly returning—or giving away—campaign donations from former FTX CEO Sam Bankman-Fried. Even before his crypto exchange and trading desk, FTX.com and Alameda Research, filed for Chapter 11 bankruptcy protection, Bankman-Fried was drawing criticism for the $46.5 million he donated to political candidates. Source: OpenSecrets A public spreadsheet shared by OpenSecrets.org, a…
Dappradar Report Shows Blockchain Gaming Thrived Amid FTX Collapse, Sector Accounted for 46% of All Network Activity – Bitcoin News
According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar’s Blockchain Games Report indicates that the number of daily unique active wallets (dUAW) participating in blockchain gaming dropped slightly to 800,875 UAWs in November, down from just above 900,000…