The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it’s evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of their 2% target rate. U.S.…
The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a transfer function that allowed anyone to transfer it without the…
In a breakthrough for the futuristic field of quantum computing, researchers have implemented a basic arithmetic operation in a fault-tolerant manner on an actual quantum processor for the first time. In other words, they found a way to bring us closer to more reliable, powerful quantum computers less prone to errors or inaccuracies. Quantum computers harness the bizarre properties of…
Did you just unbox a Butterfly Knife in Counter-Strike 2? You’d probably love to bring that over to Call of Duty: Warzone—but you can’t. Are NFTs the answer? Getting game creators to embrace a decentralized ecosystem of interoperable items might be part of the path forward, but it’s not a silver bullet solution. There is a divide on what the…
Disgraced crypto mogul Do Kwon admitted to faking trading volume, court documents from the U.S. Securities and Exchange Commission show. A September 22 SEC filing shows a text message exchange between Do Kwon and Daniel Chin, the founder of payments app Chai, where Do Kwon tells him: “I can just create fake transactions that look real…which will generate fees.” Chin…
‘There Are No Real Standards’: Ready Player Me CEO Timmu Tõke on Building for an Open Gaming Ecosystem Timmu Tõke, co-founder and CEO of Ready Player Me, joins Decrypt contributor Ryan Gladwin to discuss the startup’s approach to powering avatars that are interoperable across games and metaverse platforms—and what’s needed to convince the industry to adopt standards and open up.…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was dominated by developments in some of the OG DeFi protocols, with Uniswap Foundation announcing plans to raise $62 million in new funding and decentralized oracle service…
The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies, including Ripple Labs, will take part in the project and one of them will be selected to move forward to the next stage of testing. In a paper released…
Su Zhu was arrested at Singapore Changi Airport while attempting to leave the country after a court granted a committal order. Source: https://cointelegraph.com/app/public/index.php/news/3ac-su-zhu-arrested-in-singapore
Asset managers keep pursuing digital asset products, as Invesco and Galaxy Digital allegedly filed for a spot Ethereum (ETH) exchange-traded fund (ETF) on Sept. 29. Bloomberg ETF analyst James Seyffart disclosed the filing on X (formerly Twitter), even though the application hasn’t been uploaded to the SEC’s public database at the time of writing. Invesco Galaxy just filed for a…
